IndusInd Bank Development Manager Salaries by 4 Employees (Updated 2024)

4 - 32 years exp.

₹3.7 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

71% less than the average Development Manager Salary in Banking Companies for 4 - 32 years of experience

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Salaries in different departments

Finance & Accounting Development Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr
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Sales & Business Development Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.2 L/yr

Last Updated: 18 Oct 2024

Companies similar to IndusInd Bank for Development Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Development Manager Salary 1 - 6 years exp. (6 salaries)	₹2.5 L/yr - ₹5.5 L/yr 2% less
Axis Bank Development Manager Salary 10 - 14 years exp. (3 salaries)	₹4.8 L/yr - ₹20.2 L/yr 168% more
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Kotak Mahindra Bank Development Manager Salary 2 - 15 years exp. (6 salaries)	₹2.2 L/yr - ₹5 L/yr 5% less
Standard Chartered Development Manager Salary 7 - 17 years exp. (113 salaries)	₹12.6 L/yr - ₹38.8 L/yr 639% more	1 job opening
NatWest Group Development Manager Salary 6 - 18 years exp. (42 salaries)	₹13.6 L/yr - ₹43.6 L/yr 603% more
NatWest Markets Development Manager Salary 15 - 18 years exp. (4 salaries)	₹28.5 L/yr - ₹44.6 L/yr 881% more
Barclays Development Manager Salary 14 - 21 years exp. (3 salaries)	₹36.5 L/yr - ₹70 L/yr 1419% more

Development Manager salary at IndusInd Bank ranges between ₹3.7 Lakhs to ₹4 Lakhs per year for employees with experience between 4 years to 32 years. Salary estimates are based on 4 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Development Manager salaries

Last Updated: 18 Oct 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹7.1 L/yr
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6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
11 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
12 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
13 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
14 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
15+ years (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.7 L/yr

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Salary related reviews for IndusInd Bank

5.0

Rated by 1 employees for salary & benefits

Assistant Vice President in Mumbai

Operational Risk Department

4.0

• posted on 18 Apr 2022

2.0

for Salary and Benefits

Likes

Scope of self learning is wider in the organization, colleagues and peer are helpful and supportive also good work life balance is maintained

Dislikes

Compensation is not as per industry standard also appraisal process is also not on a timely basis

Assistant Vice President in Raipur

BFSI, Investments & Trading Department

3.0

• posted on 25 Oct 2018

1.0

for Salary and Benefits

Likes

Salary expectation and appraisal process is very poor....If you are working with Indusind Bank then forget your family and do only official work.

Dislikes

No salary and growth increments..Company is gaining profit in every quarter but employees getting nothing.

Associate Vice President in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 16 Dec 2024

4.0

for Salary and Benefits

Likes

...corporate. Work life balance, knowledge uplift, work satisfaction are very good. Salary and Appraisal are low when compared to industry. Seniors guide us well.

Dislikes

Salary and Appraisal.

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 Dec 2024

1.0

for Salary and Benefits

Likes

Less pressure than other bank.

Dislikes

...mers like other banks whose basic account starts from rs 2500 like bandhan Bank.And the salary hike is very very low like negligible.

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 04 Dec 2024

2.0

for Salary and Benefits

Likes

Job security, salary on time

Dislikes

At Opus center, Mumbai, Work culture is very pathetic, the super Manager raises issues which are not even required and are small. Work life balance is poor. Hasim Shaikh is Therki and favour majority female employees. Promotion is poorly done.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

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 Development Manager Salary FAQs

What is the salary of Development Manager at IndusInd Bank?

Development Manager salary at IndusInd Bank in India ranges between ₹3.7 Lakhs to ₹4.0 Lakhs for experience between 4 years to 32 years. According to our estimates it is 71% less than the average Development Manager 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 Development Manager at IndusInd Bank India compare with the average salary range for this job?

The average salary of a Development Manager at IndusInd Bank is 71% less than the average salary of a Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than IndusInd Bank to a Development Manager in India?

Barclays Development Manager Salary - ₹36.5 Lakhs to ₹70.0 Lakhs per year
NatWest Markets Development Manager Salary - ₹28.5 Lakhs to ₹44.6 Lakhs per year
Standard Chartered Development Manager Salary - ₹12.6 Lakhs to ₹38.8 Lakhs per year
NatWest Group Development Manager Salary - ₹13.6 Lakhs to ₹43.6 Lakhs per year
Axis Bank Development Manager Salary - ₹4.8 Lakhs to ₹20.2 Lakhs per year

What is the salary of a Development Manager in companies similar to IndusInd Bank in India?

ICICI Bank Development Manager Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindra Bank Development Manager Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year

What is the estimated take home salary of a Development Manager at IndusInd Bank in India?

The estimated take-home salary of a Development Manager at IndusInd Bank ranges between ₹27,845 per month to ₹29,241 per month in India. The take-home salary calculation is based on the average IndusInd Bank Development Manager salary in India which ranges between ₹3.7 Lakhs to ₹4.0 Lakhs per year for employees with experience between 4 years to 32 years. Check how did we calculate take home salary?

What is the notice period for Development Manager at IndusInd Bank?

According to AmbitionBox, 100% of the IndusInd Bank Development Managers reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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IndusInd Bank Development Manager Salaries

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