Incorporated in 1994, HDFC has become one of the most reliable financial institutions in India over the years. Spanning across 1399 Indian cities and towns, HDFC has 10,079 AMS and 2544 branches at present.
Salary Range of HDFC's Employees:
| Job Category | Average or Median Salary |
|---|---|
| Accounts Manager | INR 140,000 |
| Assistant Manager | INR 180,000- INR 500,000 (Average annual salary INR 319,094) |
| Personal Banker | INR 180,000- INR 436,000 (Average annual salary INR 323,399) |
| Sales Executive | INR 115,000- INR 260,000 (Average annual salary INR 187,572) |
| Area Credit Manager | INR 580,000 |
| Relationship Manager | INR 360,000- INR 1,000,000 (Average annual salary INR 619,286) |
| Product Manager | INR 105,000- INR 695,000 (Average annual salary INR 399,978) |
| Senior Manager | INR 650,000- INR 1,300,000 (Average annual salary INR 975,000) |
| Area Business Head | 950,000 |
| Manager | INR 250,000- INR 1,000,000 (Average annual salary INR 612,615) |
| Deputy Manager | INR 300,000- INR 700,000 (Average annual salary INR 462,812) |
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HDFC Salaries Based on Cities in India:
| Job Category | Cities | Salary Range or Average Salary ( INR ) |
|---|---|---|
| Manager | Delhi | 5,00,000 - 950,000 (average- 747,000) |
| Mumbai | 400,000 - 950,000 (average- 626,000) | |
| Kolkata | 550,000 | |
| Chennai | 700,000 - 800,000 (average 750,000) | |
| Junior Officer | Delhi | 120,000- 200,000 (1,57,000) |
| Mumbai | 105,000- 130,000 (average 538,000) | |
| Kolkata | 100,000 | |
| Chennai | 150,000- 225,000 (average 188,000) | |
| Hyderabad | 105,000 - 150,000 (average 128,000) | |
| Senior branch Manager | Delhi | 170,000 |
| Customer care (support) | Delhi | 120,000 |
| Customer care (executive) | Delhi | 110,000 |
| Chennai | 95,000 (Customer Care Voice Process) | |
| Operations Manager | Delhi | 500,000 |
| Chennai | 325,000 | |
| Hyderabad | 750,000 - 800,000 ( average 775,000) (Branch Operations Manager) | |
| Advisor - Private Banking | Delhi | 650,000 |
| Personal Banker (Retail Banking) | Delhi | 500,000 |
| Senior Manager | Delhi | 1,000,000 |
| Mumbai | 700,000 -1,780,000 (average 1,101,000) | |
| Kolkata | 1,395,000 | |
| Chennai | 1,000,000 (Employee HR Services) | |
| Assistant VP | Delhi | 1,450,000 (Sales-retail) |
| Kolkata | 1,500,000 | |
| Chennai | 1,500,000 | |
| Investment Officer | Delhi | 200,000 |
Salary of HDFC Accounts Department:
- Auditing/Accounting Clerk- INR 100,000- INR 340,000 (with an average of INR 141,000 annually
- Account services Executive- INR 100,000- INR 500,000 (with an average of INR 155,000 annually)
- Accountant- INR 100,000- INR 500,000 (with an average of INR 178,000 annually)
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HDFC- Products and Services- In Brief
Accounts and Deposits: Savings Accounts, Current Accounts, Salary Accounts, Demat, Rural Accounts, Lockers
Cards: Debit Card, Prepaid Cards, Credit Cards, Credit Cards Rewards Program
Loans: Personal Loans, Education Loans, Home Loans, Car Loans, Rural Loans, Two-wheeler loans, loans against assets, Business loans etc
- Forex
- Health Insurance, Home Insurance, Travel insurance, Life Insurance Motor Insurance etc
- Private Banking
- Premium Banking
You must have got a fair idea of how HDFC pays its managers, and officers at different levels from the above mentioned lists. Please take note that employees are entitled to various benefits like bonus, tips etc. Here is a list of benefits enjoyed by them:
- Assistant Manager - Stock Bonus, Cash Bonus
- Personal Banker - Cash Bonus
- Relationship Manager- cash Bonus
- Product Manager- Cash Bonus
- Senior Manager- Commissions on sales, Cash bonus
- Manager- Commissions, Bonus, Tips
- Deputy Manager- Cash bonus, profit sharing, stock bonus, commission on sales, tips
The salaries are subject to change without notice. They may also differ according to different levels of the same profile.
Last Updated on : 08/07/2014
