Bank of Maharashtra Software Engineer Salaries by 5 Employees

1 - 5 years exp.

₹2.4 Lakhs - ₹18.6 Lakhs

Low Confidence

Salary of majority employees

Fixed (84%)

₹8 Lakhs

Variable (16%)

₹1.4 Lakh

12% more than the average Software Engineer Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Salary 1 - 5 years exp. (4 salaries)	₹2.8 L/yr - ₹20 L/yr
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Engineering - Hardware & Networks Software Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.6 L/yr

Last Updated: 18 Nov 2024

Companies similar to Bank of Maharashtra for Software Engineer

Company name	Avg Annual Salary	Open Jobs
Bank of America Software Engineer Salary 1 - 12 years exp. (1.1k salaries)	₹6.6 L/yr - ₹27.5 L/yr 72% more
NatWest Group Software Engineer Salary 0 - 12 years exp. (969 salaries)	₹8 L/yr - ₹28 L/yr 96% more
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Barclays Software Engineer Salary 0 - 7 years exp. (250 salaries)	₹8 L/yr - ₹24.5 L/yr 79% more
Standard Chartered Software Engineer Salary 0 - 7 years exp. (141 salaries)	₹6.1 L/yr - ₹25 L/yr 49% more
Deutsche Bank Software Engineer Salary 0 - 6 years exp. (130 salaries)	₹9 L/yr - ₹32 L/yr 97% more
DBS Bank Software Engineer Salary 1 - 6 years exp. (75 salaries)	₹7.4 L/yr - ₹28 L/yr 76% more
NatWest Markets Software Engineer Salary 1 - 9 years exp. (48 salaries)	₹10 L/yr - ₹24 L/yr 64% more
IDFC FIRST Bank Software Engineer Salary 0 - 5 years exp. (45 salaries)	₹4 L/yr - ₹16.2 L/yr 4% more
AU Small Finance Bank Software Engineer Salary 0 - 5 years exp. (35 salaries)	₹3.8 L/yr - ₹15.8 L/yr 1% more
Yes Bank Software Engineer Salary 0 - 6 years exp. (22 salaries)	₹2.6 L/yr - ₹9.4 L/yr 45% less
HSBC Global Banking and Markets Software Engineer Salary 1 - 5 years exp. (20 salaries)	₹5 L/yr - ₹10.4 L/yr 28% less
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IndusInd Bank Software Engineer Salary 1 - 7 years exp. (16 salaries)	₹2.4 L/yr - ₹9.8 L/yr 23% less
IDBI Bank Software Engineer Salary 2 - 3 years exp. (10 salaries)	₹5.1 L/yr - ₹16 L/yr 1% more
Bank of Baroda Software Engineer Salary 0 - 4 years exp. (7 salaries)	₹9.9 L/yr - ₹18.2 L/yr 34% more
Equitas Small Finance Bank Software Engineer Salary 2 - 4 years exp. (6 salaries)	₹2.9 L/yr - ₹5.1 L/yr 62% less
Federal Bank Software Engineer Salary 0 - 5 years exp. (6 salaries)	₹2 L/yr - ₹9 L/yr 50% less
Bank of India Software Engineer Salary 0 - 6 years exp. (5 salaries)	₹1.7 L/yr - ₹9.7 L/yr 40% less
Ujjivan Small Finance Bank Software Engineer Salary 3 - 5 years exp. (5 salaries)	₹5.5 L/yr - ₹12 L/yr 4% more
Jana Small Finance Bank Software Engineer Salary 2 - 4 years exp. (4 salaries)	₹4.2 L/yr - ₹7 L/yr 43% less
Indian Overseas Bank Software Engineer Salary 2 - 7 years exp. (3 salaries)	₹6 L/yr - ₹7.5 L/yr 31% less

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Software Engineer salary at Bank of Maharashtra ranges between ₹2.4 Lakhs to ₹18.6 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Software Engineer salaries

Last Updated: 18 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.7 L/yr
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3 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹18 L/yr
5 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹20 L/yr

Similar Designation salaries in Bank of Maharashtra

System Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Software Developer Salary

(4 salaries)

₹12 L/yr - ₹21 L/yr

Java Developer Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Senior Software Developer Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Salary related reviews for Bank of Maharashtra

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Salary - Good

+1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Skill development - Poor

+4 more

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Job security - Good

+2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Salary - Poor

+2 more

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Job security - Good

+1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Salary - Bad

+4 more

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bank of Maharashtra Software Engineer Salary FAQs

What is the salary of Software Engineer at Bank of Maharashtra ?

The average salary of a Software Engineer at Bank of Maharashtra in India typically ranges from ₹2.4 Lakhs to ₹18.6 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Software Engineer at Bank of Maharashtra earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Software Engineer Salaries at Bank of Maharashtra 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 5 Bank of Maharashtra employees in India.

What is the estimated take home salary of a Software Engineer at Bank of Maharashtra in India?

The estimated take-home salary of a Software Engineer at Bank of Maharashtra in India typically ranges from ₹68,435 to ₹70,190 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹18.6 Lakhs per year for employees with experience ranging from 1 year to 5 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 5 salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of Maharashtra for Software Engineer in India?

Deutsche Bank	₹9.0 Lakhs to ₹32.0 Lakhs per year
NatWest Group	₹8.0 Lakhs to ₹28.0 Lakhs per year
Barclays	₹8.0 Lakhs to ₹24.5 Lakhs per year
DBS Bank	₹7.4 Lakhs to ₹28.0 Lakhs per year
Bank of America	₹6.6 Lakhs to ₹27.5 Lakhs per year

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

What is the salary of a Software Engineer in companies similar to Bank of Maharashtra in India?

The salary of a Software Engineer at companies similar to Bank of Maharashtra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

NatWest Markets	₹10.0 Lakhs to ₹24.0 Lakhs per year
Standard Chartered	₹6.1 Lakhs to ₹25.0 Lakhs per year
Bank of Baroda	₹9.9 Lakhs to ₹18.2 Lakhs per year
IDFC FIRST Bank	₹4.0 Lakhs to ₹16.2 Lakhs per year
Ujjivan Small Finance Bank	₹5.5 Lakhs to ₹12.0 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 Software Engineer at Bank of Maharashtra in India?

The salary growth for a Software Engineer at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Software Engineer can expect the following growth trajectory at Bank of Maharashtra:

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹2.8 Lakhs per year
2 years	₹3.2 Lakhs to ₹6.7 Lakhs per year
3 years	₹7.8 Lakhs to ₹10.0 Lakhs per year
4 years	₹5.5 Lakhs to ₹18.0 Lakhs per year

and so on.

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Bank of Maharashtra Software Engineer Salaries

Bank of Maharashtra Software Engineer salary in India ranges between ₹2.4 Lakhs to ₹18.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.