IndusInd Bank Mumbai SDM Salaries by 10+ Employees

0 - 8 years exp.

₹3.1 Lakhs - ₹5.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

25% more than the average SDM Salary in Banking Companies for 0 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations SDM Salary 0 - 8 years exp. (4 salaries)	₹3.2 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading SDM Salary 1 - 6 years exp. (3 salaries)	₹4 L/yr - ₹5.2 L/yr
Login to view exact salary
Marketing & Communication SDM Salary 3 - 4 years exp. (3 salaries)	₹3.1 L/yr - ₹4.6 L/yr

Last Updated: 13 Sep 2024

Companies similar to IndusInd Bank for SDM in Mumbai

IndusInd Bank SDM Salary

0 - 8 years exp. (14 salaries)

₹3.1 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life SDM Salary 0 - 6 years exp. (27 salaries)	₹1.9 L/yr - ₹3.9 L/yr 27% less
RBL Bank SDM Salary 10 - 18 years exp. (5 salaries)	₹8 L/yr - ₹10 L/yr 101% more
Login to view exact salary
Loves Cloud SDM Salary 12 - 17 years exp. (3 salaries)	₹14 L/yr - ₹20 L/yr 292% more

SDM salary at IndusInd Bank ranges between ₹3.1 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 14 latest salaries received from various employees of IndusInd Bank.

Latest annual salaries shared by IndusInd Bank SDM in Mumbai

6mo ago

₹4.5 Lakhs

8 years exp.

10mo ago

₹3.5 Lakhs

3 months exp.

1y ago

₹4.1 Lakhs

4 years exp.

1y ago

₹5.2 Lakhs

2 years exp.

1y ago

₹4 Lakhs

3 years exp.

1y ago

6 years exp.

1y ago

4 years exp.

1y ago

1 year exp.

1y ago

3 years exp.

Experience wise IndusInd Bank SDM salaries in Mumbai

Last Updated: 13 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
1 year (3 salaries)	₹3.2 L/yr - ₹7.4 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
4 years (4 salaries)	₹3.1 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
7 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr

View all

Similar Designation salaries in IndusInd Bank

Deputy Manager Salary

(748 salaries)

₹1.7 L/yr - ₹7.5 L/yr

Chief Manager Salary

(318 salaries)

₹5.84 L/yr - ₹18 L/yr

Assistant Vice President Salary

(245 salaries)

₹7.5 L/yr - ₹30 L/yr

Service Delivery Manager Salary

(217 salaries)

₹2 L/yr - ₹6 L/yr

Back Office Executive Salary

(157 salaries)

₹1 L/yr - ₹4 L/yr

Associate Vice President Salary

(118 salaries)

₹7.7 L/yr - ₹30 L/yr

AVP Salary

(102 salaries)

₹9.1 L/yr - ₹29 L/yr

Relationship Officer Salary

(29 salaries)

₹1.4 L/yr - ₹4 L/yr

Sales Executive Salary

(10 salaries)

₹1.5 L/yr - ₹3.7 L/yr

Salary related reviews for IndusInd Bank

3.3

Rated by 2 employees for salary & benefits

SDM in Vadodara

BFSI, Investments & Trading Department

5.0

• posted on 08 Mar 2018

5.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the tact that I am a part of a team that markets reliable, high-quality products and has a global client base.

Salary - Excellent

+6 more

Dislikes

Compensation is decent, but growth is slow.

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 28 Jan 2025

5.0

for Salary and Benefits

Likes

On time salary

Salary - Excellent

Dislikes

Please don't select this bank. they will not give proper recognition for our work.bank is good but work nature and way for work is totally bad. Backend process is entirely bad to work . opening an account is impossible for all the customers worst online apps. without backend support employees can't work freely. They need business only but don't support for doing business (support means I am telling about backend process).do not encourage employees for doing work. each and every month pip will be issued for every month Target. I don't even see such a bank like this . Don't spoil your life in joining indusind bank.shares also getting down 👎.bad job security.they will not accept the fault on them till your last date.

Skill development - Bad

+5 more

Sales Executive in Jabalpur

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 22 Jan 2025

1.0

for Salary and Benefits

Likes

Worst company ...there is no working as per professionally not satisfactory salary, not a company to work

Dislikes

Dislikes about working in indusind banks are alot words are less to describe how bad experience will be in indusind bank ..if someone is willing to work in indusind bank...I would suggest don't waste your precious experience and time in working indusind bank ..try out somewhere else...you will be more ...satisfied working in some other company ...

Salary - Bad

+6 more

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.

Salary - Good

+5 more

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.

Salary - Bad

+5 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

97 participants . expiring in 2d

Got a question about IndusInd Bank?

Ask anonymously on communities.

IndusInd Bank SDM Salary FAQs

What is the salary of SDM at IndusInd Bank in Mumbai?

The average salary of a SDM at IndusInd Bank in Mumbai typically ranges from ₹3.1 Lakhs to ₹5.5 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of SDM in Mumbai at IndusInd Bank earn more than ₹5.2 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. SDM Salaries at IndusInd Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ IndusInd Bank employees in India.

What is the estimated take home salary of a SDM at IndusInd Bank in Mumbai?

The estimated take-home salary of a SDM at IndusInd Bank in Mumbai typically ranges from ₹32,963 to ₹34,233 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from Fresher to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of IndusInd Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IndusInd Bank for SDM in India?

Loves Cloud	₹14.0 Lakhs to ₹20.0 Lakhs per year
RBL Bank	₹8.0 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndusInd Bank, depending on the role and experience level.

What is the salary of a SDM in companies similar to IndusInd Bank in Mumbai?

The salary of a SDM at companies similar to IndusInd Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life

₹1.9 Lakhs to ₹3.9 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a SDM at IndusInd Bank in Mumbai?

The salary growth for a SDM at IndusInd Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a SDM in Mumbai can expect the following growth trajectory at IndusInd Bank:

Experience	Average Salary Range
Fresher	₹3.6 Lakhs to ₹4.6 Lakhs per year
1 year	₹3.2 Lakhs to ₹7.4 Lakhs per year
2 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
3 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

Tell us how to improve this page.

IndusInd Bank SDM salary in Mumbai ranges between ₹3.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 IndusInd Bank latest salaries received from various employees of IndusInd Bank.