Banfico Salaries by 50+ Employees (Updated 2025)

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Engineering - Software & QA Engineering - Hardware & Networks IT & Information Security BFSI, Investments & Trading + 1 more

Designation	Avg Annual Salary	Open Jobs
Technical Support Engineer 4 - 6 years exp. (7 salaries)	₹6.3 L/yr - ₹10 L/yr
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Senior Devops Engineer 7 - 8 years exp. (5 salaries)	₹25 L/yr - ₹31.3 L/yr
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Business Analyst 1 - 2 years exp. (5 salaries)	₹9.4 L/yr - ₹12.5 L/yr
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Principal Software Engineer 14 - 16 years exp. (3 salaries)	₹28 L/yr - ₹38 L/yr
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Technical Project Manager 14 - 19 years exp. (3 salaries)	₹25 L/yr - ₹34.5 L/yr
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Software Engineer 1 - 5 years exp. (3 salaries)	₹8 L/yr - ₹18 L/yr
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Devops Engineer 5 - 10 years exp. (AmbitionBox Estimate)	₹15.9 L/yr - ₹20.3 L/yr
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Senior Software Engineer 4 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹16 L/yr
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HR Manager 10 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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Senior Business Analyst 6 - 7 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
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Automation Test Engineer 4 - 6 years exp. (AmbitionBox Estimate)	₹15.1 L/yr - ₹19.3 L/yr
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Associate Software Engineer Fresher (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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Associate Software Developer 3 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
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Linux Administrator 8 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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Principal Engineer 11 years exp. (AmbitionBox Estimate)	₹40.5 L/yr - ₹51.8 L/yr
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Accountant 3 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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Assistant Manager Finance 4 years exp. (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.5 L/yr
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IT Operations Manager 8 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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Software Developer 2 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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Linux Engineer 3 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Salary related reviews for Banfico

4.2

Rated by 7 employees for salary & benefits

Front End Developer in Coimbatore

Full Time

Engineering - Software & QA Department

1.0

• posted on 30 Nov 2023

3.0

for Salary and Benefits

Likes

The only good thing about this company is decent salary

Dislikes

- Pathetic processes - no job security - senseless and directionless middle management. Doesn't understand basics about product, technology - bs hr policies There are countless other issues. I would suggest to stay away. Even if they offer 100% hike on current salary

Skill development - Bad

+5 more

see more salary related reviews

Banfico Salary FAQs

How much does Banfico pay to its employees?

The average annual salary at Banfico varies depending on the role, experience, and location. The salary ranges for some popular designations at Banfico, are as follows:

Technical Support Engineer	₹6.3 Lakhs to ₹10 Lakhs per year
Senior Devops Engineer	₹25 Lakhs to ₹31.3 Lakhs per year
Business Analyst	₹9.4 Lakhs to ₹12.5 Lakhs per year
Principal Software Engineer	₹28 Lakhs to ₹38 Lakhs per year

The highest-paying role, Senior Devops Engineer, earns between ₹25 Lakhs to ₹31.3 Lakhs per year. The top 10% of employees earn more than ₹28 Lakhs per year, and the top 1% earn over ₹44.7 Lakhs per year. Salaries at Banfico 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 salary estimates are based on data from 55 salaries submitted by Banfico employees. Banfico is rated 4.2 out of 5 stars by its employees on the salary and benefits parameter.