IndusInd Bank Credit Underwriter Salaries by 4 Employees (Updated 2024)

0 - 5 years exp.

₹2.4 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

30% less than the average Credit Underwriter Salary in Banking Companies for 0 - 5 years of experience

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Last Updated: 16 Mar 2023

Companies similar to IndusInd Bank for Credit Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Underwriter Salary 0 - 9 years exp. (146 salaries)	₹2 L/yr - ₹11.1 L/yr 104% more
ICICI Bank Credit Underwriter Salary 0 - 6 years exp. (24 salaries)	₹1.2 L/yr - ₹9.1 L/yr 51% more
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Axis Bank Credit Underwriter Salary 1 - 10 years exp. (53 salaries)	₹2.6 L/yr - ₹7 L/yr 46% more	1 job opening
Kotak Mahindra Bank Credit Underwriter Salary 0 - 7 years exp. (32 salaries)	₹1.8 L/yr - ₹8.5 L/yr 20% more
Yes Bank Credit Underwriter Salary 0 - 5 years exp. (10 salaries)	₹2 L/yr - ₹5.5 L/yr 1% less
Federal Bank Credit Underwriter Salary 2 - 6 years exp. (5 salaries)	₹3.5 L/yr - ₹20 L/yr 236% more
RBL Bank Credit Underwriter Salary 1 - 7 years exp. (10 salaries)	₹2.2 L/yr - ₹11.5 L/yr 110% more
IDFC FIRST Bank Credit Underwriter Salary 1 - 6 years exp. (13 salaries)	₹3.7 L/yr - ₹9.8 L/yr 107% more
Bandhan Bank Credit Underwriter Salary 0 - 6 years exp. (43 salaries)	₹2.8 L/yr - ₹8.5 L/yr 35% more
DCB Bank Credit Underwriter Salary 2 - 9 years exp. (4 salaries)	₹2.4 L/yr - ₹6 L/yr 27% more
Jana Small Finance Bank Credit Underwriter Salary 1 - 8 years exp. (218 salaries)	₹1.5 L/yr - ₹4.8 L/yr 5% more
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Standard Chartered Credit Underwriter Salary 1 - 5 years exp. (6 salaries)	₹3.3 L/yr - ₹4.3 L/yr 9% more
AU Small Finance Bank Credit Underwriter Salary 2 - 6 years exp. (5 salaries)	₹2.5 L/yr - ₹3.5 L/yr 14% less
Ujjivan Small Finance Bank Credit Underwriter Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹5.2 L/yr 11% more
IDBI Bank Credit Underwriter Salary 5 - 13 years exp. (3 salaries)	₹7.5 L/yr - ₹20 L/yr 337% more
Deutsche Bank Credit Underwriter Salary 5 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹22 L/yr 361% more

Credit Underwriter salary at IndusInd Bank ranges between ₹2.4 Lakhs to ₹3.7 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Credit Underwriter salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.7 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.2 L/yr

View all

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Salary related reviews for IndusInd Bank

Sales Manager in Surat

Full Time

Sales & Business Development Department

1.0

• posted on 24 Sep 2024

2.0

for Salary and Benefits

Likes

- Salary package good as per market standard.

Dislikes

- Worst Management. - No appreciation for work and achieving targets - Say no every time when trying to apply for leave even if leaves are available and you are informing 2 weeks earlier.

Branch Manager in Kochi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...nonuse at all...you have to recruit staff...suddenly all policies will change...they ensure u don't get bonus or rating if u do not complete amfi or irda...all these r communicated at last minute...no support n extended targets too which u can never achieve..

Chief Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

Nothing to like about IndusInd bank other then there attractive compensation offering. That is how they will bring you in system and then that money will not help you to survive. Eventually you will choose peace over money.

Dislikes

1) Work Pressure 2) No inputs from organization. 3) You will be left on your own without any leads from bank's side. 4) Video call culture.

Deputy Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

The Salary is good and nothing else.

Dislikes

The work culture is very bad, especially the reporting managers are just toxic people. They demoralise you rather than influence and inspire. The bank is fond of one thing and that is money. I was in ARD and trust me when I say that they treat you like some commodity which can be used and used only. And you can be assured that at the end end of the day whether your mental health is good or bad they don't care and they won't be bothered by your sad situation. Moreover they do nothing, so that your mental health can improve. You are put under extreme demands and unimaginable pressure both mentally and physically for every day. My opinion is don't join there as the internal workings of the bank is just next to a slum.

Relationship Manager in Ashok Nagar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Aug 2023

2.0

for Salary and Benefits

Likes

IndusInd Bank is very good organisation in terms of doing business but they are not giving salary hike/appraisal for are employees those who are working since last five years.

Dislikes

Aa an employee I would like to get more salary as I have experience more than 12 years

see more salary related reviews

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IndusInd Bank Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at IndusInd Bank?

Credit Underwriter salary at IndusInd Bank in India ranges between ₹2.4 Lakhs to ₹3.7 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 30% less than the average Credit Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IndusInd Bank India.

How does the salary of a Credit Underwriter at IndusInd Bank India compare with the average salary range for this job?

The average salary of a Credit Underwriter at IndusInd Bank is 30% less than the average salary of a Credit Underwriter in India. To know exact salary insights, login to view.

Which similar companies are paying more than IndusInd Bank to a Credit Underwriter in India?

Deutsche Bank Credit Underwriter Salary - ₹4.5 Lakhs to ₹22.0 Lakhs per year
IDBI Bank Credit Underwriter Salary - ₹7.5 Lakhs to ₹20.0 Lakhs per year
Federal Bank Credit Underwriter Salary - ₹3.5 Lakhs to ₹20.0 Lakhs per year
RBL Bank Credit Underwriter Salary - ₹2.2 Lakhs to ₹11.5 Lakhs per year
IDFC FIRST Bank Credit Underwriter Salary - ₹3.7 Lakhs to ₹9.8 Lakhs per year

What is the salary of a Credit Underwriter in companies similar to IndusInd Bank in India?

HDFC Bank Credit Underwriter Salary - ₹2.0 Lakhs to ₹11.1 Lakhs per year
ICICI Bank Credit Underwriter Salary - ₹1.2 Lakhs to ₹9.1 Lakhs per year
Axis Bank Credit Underwriter Salary - ₹2.6 Lakhs to ₹7.0 Lakhs per year
Bandhan Bank Credit Underwriter Salary - ₹2.8 Lakhs to ₹8.5 Lakhs per year
DCB Bank Credit Underwriter Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Credit Underwriter at IndusInd Bank in India?

The estimated take-home salary of a Credit Underwriter at IndusInd Bank ranges between ₹24,362 per month to ₹25,810 per month in India. The take-home salary calculation is based on the average IndusInd Bank Credit Underwriter salary in India which ranges between ₹2.4 Lakhs to ₹3.7 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Underwriter at IndusInd Bank?

According to AmbitionBox, 50% of the IndusInd Bank Credit Underwriters reported a notice period of 2 Months, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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IndusInd Bank Credit Underwriter Salaries

IndusInd Bank Credit Underwriter salary in India ranges between ₹2.4 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IndusInd Bank latest salaries received from various employees of IndusInd Bank.