Software Engineer

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Software Engineer Salary in Banking in India

based on 4.1k latest salaries

Average Annual Salary

12.5 Lakhs

Very High Confidence
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Very High Confidence means the data is based on a large number of latest salaries.

Estimated Take Home Salary

64,845 - ₹ 66,499

Software Engineer salary in India ranges between ₹ 4.2 Lakhs to ₹ 18.5 Lakhs with an average annual salary of ₹ 12.5 Lakhs. Salary estimates are based on 4.1k latest salaries received from Software Engineers.

Last Updated: 10 July, 2024

Salaries in different departments

Engineering - Software & QA
Software Engineer Salary
1 - 5 years exp. (3.1k salaries)
12.5 Lakhs

₹4.2 L/yr - ₹18.4 L/yr

Data Science & Analytics
Software Engineer Salary
1 - 5 years exp. (128 salaries)
12.3 Lakhs

₹4.5 L/yr - ₹17.5 L/yr

IT & Information Security
Software Engineer Salary
1 - 5 years exp. (109 salaries)
9.4 Lakhs

₹4.3 L/yr - ₹16.4 L/yr

Engineering - Hardware & Networks
Software Engineer Salary
1 - 5 years exp. (56 salaries)
9.3 Lakhs

₹4.8 L/yr - ₹11.3 L/yr

Research & Development
Software Engineer Salary
2 - 4 years exp. (8 salaries)
10.9 Lakhs

₹9 L/yr - ₹15 L/yr

View all

Average Annual Salary by Experience

Very High Confidence
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Very High Confidence means the data is based on a large number of latest salaries.

Software Engineer salary in India with less than 1 year of experience to 5 years ranges from ₹ 4.2 Lakhs to ₹ 18.5 Lakhs with an average annual salary of ₹ 12.5 Lakhs based on 4.1k latest salaries.

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Top Paying Companies for Software Engineer Select an experience to unlock

Company name Avg Annual Salary
4.1 Crores
AmbitionBox Estimate
84.5 Lakhs
54.7 Lakhs
53.8 Lakhs
47.1 Lakhs
View more companies

Similar Designations

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₹15.4 L/yr - ₹58.5 L/yr
Senior Engineer Salary
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Lead Engineer Salary
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30.5 Lakhs
₹15.1 L/yr - ₹47.9 L/yr
18 Lakhs
₹7 L/yr - ₹25 L/yr
Software Developer Salary
(1.8k salaries)
12.2 Lakhs
₹3.2 L/yr - ₹20 L/yr
10 Lakhs
₹2.9 L/yr - ₹16.6 L/yr
12.9 Lakhs
₹3.3 L/yr - ₹20.3 L/yr
15.1 Lakhs
₹7.5 L/yr - ₹25 L/yr
Senior Developer Salary
(562 salaries)
17.5 Lakhs
₹6.5 L/yr - ₹28.8 L/yr
Team Lead Salary
(7.6k salaries)
7.3 Lakhs
₹2.2 L/yr - ₹14 L/yr
17.5 Lakhs
₹6 L/yr - ₹26 L/yr
Plsql Developer Salary
(102 salaries)
7.3 Lakhs
₹3.5 L/yr - ₹9 L/yr
Java Developer Salary
(291 salaries)
13.8 Lakhs
₹3 L/yr - ₹18 L/yr
Developer Salary
(311 salaries)
13.9 Lakhs
₹3 L/yr - ₹19.5 L/yr
Consultant Salary
(1.1k salaries)
12.9 Lakhs
₹2 L/yr - ₹26 L/yr
Senior Consultant Salary
(1.1k salaries)
22.2 Lakhs
₹10 L/yr - ₹30.1 L/yr
14.7 Lakhs
₹5 L/yr - ₹17 L/yr
8.9 Lakhs
₹2.1 L/yr - ₹25.8 L/yr
14.3 Lakhs
₹7 L/yr - ₹24 L/yr

Top Skills for Software Engineers

based on 69,564 jobs

Skills

Jobs demanding the skill

1

Javascript

View jobs

2

Python

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4

Software Engineering

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Popular Banking Companies for Software Engineer in India

Company Name Avg Annual Salary
0 - 6 yrs exp. (2.6k salaries)

8.3 Lakhs

₹1 L/yr - ₹20 L/yr

1 - 12 yrs exp. (957 salaries)

13.8 Lakhs

₹4.1 L/yr - ₹37.8 L/yr

0 - 11 yrs exp. (886 salaries)

14.3 Lakhs

₹5.9 L/yr - ₹31.2 L/yr

0 - 6 yrs exp. (324 salaries)

13 Lakhs

₹5 L/yr - ₹24 L/yr

0 - 7 yrs exp. (149 salaries)

17.3 Lakhs

₹6.4 L/yr - ₹26 L/yr

22.5 Lakhs

₹9.5 L/yr - ₹34 L/yr

2 - 5 yrs exp. (120 salaries)

8.3 Lakhs

₹3.5 L/yr - ₹17 L/yr

0 - 7 yrs exp. (117 salaries)

12.1 Lakhs

₹7.1 L/yr - ₹25.5 L/yr

1 - 7 yrs exp. (114 salaries)

9.9 Lakhs

₹3.8 L/yr - ₹24 L/yr

0 - 7 yrs exp. (104 salaries)

14.6 Lakhs

₹4.6 L/yr - ₹25 L/yr

Salary reviews by Software Engineer and similar roles

DBS Bank

Senior Associate

4.0
posted on 19 Jun 2024

3.0 for Salary and Benefits

Likes

Work Culture and Skill improvement. Job security.

Dislikes

Appraisal and Salary is less as compared to other banks. Dbs is Singapore bank, so every decision made in Singapore. DTI is worked like service base company who follows the order from Singapore management.

read more

NatWest Group

Software Engineer

3.0
posted on 09 Jun 2024

4.0 for Salary and Benefits

Likes

...helpful environment 3. Great work life balance. No weekend work. No overtime. 4. Salary is decent enough.

read more

Dislikes

1. Very little appraisal. 2. Management people are full of it. Many micro-manage a lot and dont have any proper technical knowledge. 3. No skill development unless you are in a good BU. Too much operational work - It gets on your nerve.

read more

Deutsche Bank

Associate

4.0
posted on 07 May 2024

5.0 for Salary and Benefits

Likes

Salary is good. Projects and agile practices are good.

Dislikes

Strictness towards 3 days / week in office. Limited parking and desks. Tech lounge takes several hours to sort minor issues. 9 hours in office is too much!

read more

Commonwealth Bank of Australia

Senior Software Engineer

3.0
posted on 09 Apr 2024

4.0 for Salary and Benefits

Likes

Offered good salary, various benifits. Flexible working hours. Good employee friendly insurance policy, various tax benifits. Easy to approach HRs. Only 40% in office attendance required. No monitoring of hours spending in office.

read more

Dislikes

I) Mostly Enhancement related works as major development already done by the vendors, so if you are looking for good development work then you will be disappointed. II) Less growth as less number of promotion. III) Managers are not good IV) Almost near to 0 possibility of changing projects V) Too much process involve for following SDLC processes from Code development to successful deployment in Production VI) Dependencies with multiple team with onshore and offshore VII) Lot of favouritism in Managers VIII) Lot of promises in Monthly Townhall discussion however in reality unable to achieve 50% of it. IX) Infrastructure is ok, however canteen food is very expensive X) A very strange process of taking in office attendance through turnstile gate swiping via mobile navigation app

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HSBC Group

Consultant

4.0
posted on 03 May 2024

3.0 for Salary and Benefits

Likes

...mpanies. Overall work is good, work life balance is there, work culture is good. If you get a good package when joining, can stay in here for few years comfortably.

read more

Dislikes

Current increment process and promotion process

Frequently Asked Questions about Software Engineer Salaries

What is the salary of a Software Engineer in India?
Average salary for a Software Engineer in India is 12.5 Lakhs per year (₹1.0L per month). Salary estimates are based on 4.1k latest salaries received from various Software Engineers across industries.
What are the top paying companies that employ Software Engineers?
What is the starting salary for a Software Engineer in India?
Average starting Salary for Software Engineer in India is around ₹4.2 Lakhs per year (₹35.0k per month). 1 year of minimum experience is required to be a Software Engineer.
What is the highest salary for a Software Engineer in India?
Highest salary that a Software Engineer can earn is ₹18.5 Lakhs per year (₹1.5L per month).
How does Software Engineer Salary in India change with experience?
An Entry Level Software Engineer with less than three years of experience earns an average salary of ₹9.6 Lakhs per year. A mid-career Software Engineer with 4-9 years of experience earns an average salary of ₹12.8 Lakhs per year, while an experienced Software Engineer with 10-20 years of experience earns an average salary of ₹22.6 Lakhs per year.
What are the top paying industries for Software Engineer in India?
What are the top paying cities for Software Engineer in India?
What are the popular/top skills required to become a Software Engineer?
These are the top skills of a Software Engineer based on 69.6k jobs posted by employers.
  • Javascript
  • Python
  • SQL
  • Software Engineering
  • Agile