Federal Bank Software Engineer Salaries by 6 Employees

0 - 5 years exp.

₹2 Lakhs - ₹9 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Software Engineer Salary in Banking Companies for 0 - 5 years of experience

Interested in this particular role?

Last Updated: 1 Aug 2024

Companies similar to Federal Bank for Software Engineer

Company name	Avg Annual Salary	Open Jobs
Infosys Software Engineer Salary 0 - 6 years exp. (5.7k salaries)	₹2.9 L/yr - ₹10.9 L/yr 43% more
TCS Software Engineer Salary 0 - 8 years exp. (23.3k salaries)	₹3 L/yr - ₹11.4 L/yr 52% more
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Wipro Software Engineer Salary 0 - 8 years exp. (14k salaries)	₹2 L/yr - ₹15.8 L/yr 76% more	8 job openings
IBM Software Engineer Salary 0 - 9 years exp. (5.5k salaries)	₹5.5 L/yr - ₹22.7 L/yr 163% more
Accenture Software Engineer Salary 0 - 8 years exp. (17.3k salaries)	₹3.6 L/yr - ₹13.1 L/yr 76% more
Capgemini Software Engineer Salary 0 - 7 years exp. (18.7k salaries)	₹1.8 L/yr - ₹10.8 L/yr 27% more	82 job openings
Tech Mahindra Software Engineer Salary 0 - 7 years exp. (26.3k salaries)	₹2 L/yr - ₹9.3 L/yr 25% more	14 job openings
HCLTech Software Engineer Salary 0 - 6 years exp. (23.5k salaries)	₹1.7 L/yr - ₹8 L/yr 3% less
Cognizant Software Engineer Salary 0 - 7 years exp. (16.2k salaries)	₹2 L/yr - ₹14.7 L/yr 68% more	1 job opening
Standard Chartered Software Engineer Salary 0 - 7 years exp. (143 salaries)	₹6 L/yr - ₹24 L/yr 185% more
HDFC Bank Software Engineer Salary 1 - 6 years exp. (90 salaries)	₹2.6 L/yr - ₹12.9 L/yr 58% more
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ICICI Bank Software Engineer Salary 0 - 5 years exp. (76 salaries)	₹3.8 L/yr - ₹11.9 L/yr 75% more
Axis Bank Software Engineer Salary 0 - 5 years exp. (66 salaries)	₹2.3 L/yr - ₹10.3 L/yr 43% more
RBL Bank Software Engineer Salary 0 - 4 years exp. (56 salaries)	₹4.5 L/yr - ₹15 L/yr 108% more	2 job openings
IDFC FIRST Bank Software Engineer Salary 0 - 5 years exp. (45 salaries)	₹4 L/yr - ₹16.2 L/yr 109% more
Kotak Mahindra Bank Software Engineer Salary 2 - 7 years exp. (36 salaries)	₹10.7 L/yr - ₹20.9 L/yr 162% more
HSBC Global Banking and Markets Software Engineer Salary 1 - 5 years exp. (20 salaries)	₹5 L/yr - ₹10.4 L/yr 43% more
Emirates NBD Software Engineer Salary 6 - 11 years exp. (23 salaries)	₹16.7 L/yr - ₹54 L/yr 696% more
Yes Bank Software Engineer Salary 0 - 6 years exp. (22 salaries)	₹2.6 L/yr - ₹9.4 L/yr 10% more
IndusInd Bank Software Engineer Salary 1 - 7 years exp. (16 salaries)	₹2.4 L/yr - ₹9.8 L/yr 54% more

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Software Engineer salary at Federal Bank ranges between ₹2 Lakhs to ₹9 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Software Engineer salaries

Last Updated: 1 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2 L/yr
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.4 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9 L/yr

View all

Similar Designation salaries in Federal Bank

System Engineer Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Software Developer Salary

(3 salaries)

₹3 L/yr - ₹4 L/yr

Team Lead Salary

(11 salaries)

₹3.39 L/yr - ₹4.2 L/yr

Senior Associate Salary

(6 salaries)

₹6.8 L/yr - ₹9.5 L/yr

Salary related reviews for Federal Bank

Sales Manager in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 25 Dec 2024

2.0

for Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

Salary - Poor

+6 more

Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 24 Nov 2024

5.0

for Salary and Benefits

Likes

Pay scale is good, less Pressure,

Salary - Excellent

+3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

Skill development - Poor

+1 more

Assistant Manager in Khambhalia

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary and perks are good

Job security - Good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

Skill development - Bad

+4 more

Assistant Manager Operations in Kochi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 14 May 2024

5.0

for Salary and Benefits

Likes

Salary and other compensation reimbursement and job security

Salary - Excellent

+2 more

Dislikes

Work life balance is worst.. if sales is not your thing you wont get any credit for other operational work done by you. Banking is all about selling insurance products

Work-life balance - Poor

Associate in Dharmapuri

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Apr 2024

4.0

for Salary and Benefits

Likes

Salary is very good, job security and culture is better than other private banks

Salary - Good

+2 more

Dislikes

Won’t get transfers easily, some managers can be very disrespectful. No work life balance especially when it comes to leaves for personal needs

Company culture - Poor

+1 more

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Federal Bank Software Engineer Salary FAQs

What is the salary of Software Engineer at Federal Bank ?

The average salary of a Software Engineer at Federal Bank in India typically ranges from ₹2.0 Lakhs to ₹9.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Software Engineer at Federal Bank earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Software Engineer Salaries at Federal 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 6 Federal Bank employees in India.

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

The estimated take-home salary of a Software Engineer at Federal Bank in India typically ranges from ₹35,166 to ₹36,404 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from Fresher 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 6 salaries received from various employees of Federal Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Emirates NBD	₹16.7 Lakhs to ₹54.0 Lakhs per year
Barclays Investment Bank	₹13.2 Lakhs to ₹22.0 Lakhs per year
Standard Chartered	₹6.0 Lakhs to ₹24.0 Lakhs per year
IBM	₹5.5 Lakhs to ₹22.7 Lakhs per year
Kotak Mahindra Bank	₹10.7 Lakhs to ₹20.9 Lakhs per year

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

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

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

City Union Bank	₹7.2 Lakhs to ₹15.0 Lakhs per year
State Bank of India	₹9.0 Lakhs to ₹15.0 Lakhs per year
Chase Bank	₹5.5 Lakhs to ₹16.0 Lakhs per year
IDFC FIRST Bank	₹4.0 Lakhs to ₹16.2 Lakhs per year
RBL Bank	₹4.5 Lakhs to ₹15.0 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 Federal Bank in India?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹2.0 Lakhs per year
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
3 years	₹3.0 Lakhs to ₹9.4 Lakhs per year

and so on.

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Federal Bank Software Engineer Salaries

Federal Bank Software Engineer salary in India ranges between ₹2 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Federal Bank latest salaries received from various employees of Federal Bank.