HSBC Group Payroll Officer Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹3.1 Lakhs - ₹6.7 Lakhs

Salary of majority employees

19% more than the average Payroll Officer Salary in Financial Services Companies for 0 - 4 years of experience

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Salaries in different departments

Human Resources Payroll Officer Salary 1 - 3 years exp. (4 salaries)	₹3.1 L/yr - ₹6.5 L/yr
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Finance & Accounting Payroll Officer Salary 2 - 3 years exp. (3 salaries)	₹3.1 L/yr - ₹6.7 L/yr

Last Updated: 5 Mar 2025

Companies similar to HSBC Group for Payroll Officer

Company name	Avg Annual Salary	Open Jobs
Alldigi Tech Payroll Officer Salary 0 - 5 years exp. (63 salaries)	₹2.4 L/yr - ₹5 L/yr 27% less
Tesco Payroll Officer Salary 0 - 5 years exp. (33 salaries)	₹2.1 L/yr - ₹6 L/yr 23% less
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TCS Payroll Officer Salary 0 - 7 years exp. (12 salaries)	₹1.9 L/yr - ₹6.6 L/yr 38% less
Flutter Entertainment Payroll Officer Salary 4 - 10 years exp. (7 salaries)	₹11 L/yr - ₹17.6 L/yr 156% more
Wipro Payroll Officer Salary 1 - 4 years exp. (8 salaries)	₹2 L/yr - ₹2.6 L/yr 49% less

Payroll Officer salary at HSBC Group ranges between ₹3.1 Lakhs to ₹6.7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of HSBC Group.

Experience wise HSBC Group Payroll Officer salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.3 L/yr
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.5 L/yr
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2 years (4 salaries)	₹3.1 L/yr - ₹6.5 L/yr
3 years (3 salaries)	₹3.1 L/yr - ₹6.7 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.1 L/yr

Similar Designation salaries in HSBC Group

Payroll Analyst Salary

(AmbitionBox Estimate)

₹7.9 L/yr - ₹10.1 L/yr

Payroll Executive Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Payroll Associate Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Officer Salary

(14 salaries)

₹1.05 L/yr - ₹5 L/yr

Payroll Specialist Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Sales Executive Salary

(6 salaries)

₹1.56 L/yr - ₹5.9 L/yr

Senior Analyst Salary

(1k salaries)

₹5.5 L/yr - ₹23 L/yr

Accountant Salary

(7 salaries)

₹1.2 L/yr - ₹6.4 L/yr

Analyst Salary

(1.2k salaries)

₹4.5 L/yr - ₹16.02 L/yr

Team Lead Salary

(95 salaries)

₹6.92 L/yr - ₹26.5 L/yr

Top skills at HSBC Group for Payroll Officer

Payroll Processing EPF PF ESIC Statutory Management Gratuity Act

Salary related reviews for HSBC Group

4.4

Rated by 5 employees for salary & benefits

Senior Analyst in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

3.0

• posted on 26 Feb 2025

2.0

for Salary and Benefits

Likes

If you go to right team then plenty of opportunity to do experiments and high end work. And easy team switches

Skill development - Excellent

+3 more

Dislikes

Promotion and salary growth is too slow. No meritocratic rank ordering. No fairness in pay distribution across band. You might be killing youself at the job and you also might be at low pay but you would never be corrected or even fairly compensated

Salary - Poor

+2 more

Senior Analyst in Hyderabad / Secunderabad

Full Time

Data Science & Analytics Department

1.0

• posted on 21 Feb 2025

1.0

for Salary and Benefits

Dislikes

Salary hike is not based on your year long hardwork but rather on your salary band in comparison to company' average. That means what ever hard work you do it doesn't matter or not cared rather as you are in a higher salary band

Salary - Bad

+4 more

Senior Associate in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

5.0

• posted on 20 Oct 2023

3.0

for Salary and Benefits

Likes

I am impressed with my workplace which is mostly work from home. The atmosphere here is incredible supportive, fostering both personal and professional growth. The team is also like a family and make each day enjoyable.

Skill development - Good

+5 more

Dislikes

In the like comment, I have mentioned that its Hybrid or majority work from home, the salary structure is kind of average. In the beginning we used to claim our internet bills. However, they removed the internet bill reimbursement policy recently. Hope we wish to get it back so that I could give 5 star for salary and benefits next time. Some people would laugh at this dislike but many would know.

Analyst in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

2.0

• posted on 22 May 2023

4.0

for Salary and Benefits

Likes

...licies in place in theory. In practice it all depends on your team and managers. In my experience I haven’t seen many positives apart from pay , but if your team is okay, it might work out very well

Salary - Good

+1 more

Dislikes

Again it’s all contingent on the team. The company has excellent policies in place and if allowed to work will create a great work environment

Job security - Poor

+3 more

Senior Analyst in Kolkata

Full Time

Risk Management & Compliance Department

4.0

• posted on 22 Apr 2022

2.0

for Salary and Benefits

Likes

I like the culture of the company, the way company supports women empowerment.

Job security - Excellent

+1 more

Dislikes

...ncy. Sone manages make it hard for the analysts to maintain work life balance. Salary growth is very slow.

Salary - Poor

+2 more

see more salary related reviews

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What people are saying about HSBC Group

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an associate analyst

I got Selected for financial crime investigator in HSBC for Hydrabad location at 8LPA. For this I have to relocate from Kolkata. In my current company I got promoted and getting 5.5 LPA in Kolkata. My current company is very new and small company. I have an overall 1.5 years of experience.

Should I relocate to Hyderabad for HSBC?

Yes

5 participants . expiring in 6d

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HSBC Group Payroll Officer Salary FAQs

What is the salary of Payroll Officer at HSBC Group ?

The average salary of a Payroll Officer at HSBC Group in India typically ranges from ₹3.1 Lakhs to ₹6.7 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Payroll Officer at HSBC Group earn more than ₹6.6 Lakhs per year, and the top 1% earn over ₹6.7 Lakhs per year. Payroll Officer Salaries at HSBC Group 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 10+ HSBC Group employees in India.

What is the estimated take home salary of a Payroll Officer at HSBC Group in India?

The estimated take-home salary of a Payroll Officer at HSBC Group in India typically ranges from ₹36,339 to ₹37,559 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹6.7 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ salaries received from various employees of HSBC Group. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Payroll Officer at HSBC Group ?

To be a Payroll Officer at HSBC Group in india, the key skills required include:

- Payroll Processing
- EPF
- PF
- ESIC
- Statutory Management

These skills are highly valued at HSBC Group and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HSBC Group for Payroll Officer in India?

Flutter Entertainment

₹11.0 Lakhs to ₹17.6 Lakhs per year

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

What is the salary of a Payroll Officer in companies similar to HSBC Group in India?

The salary of a Payroll Officer at companies similar to HSBC Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tesco	₹2.1 Lakhs to ₹6.0 Lakhs per year
Alldigi Tech	₹2.4 Lakhs to ₹5.0 Lakhs per year
TCS	₹1.9 Lakhs to ₹6.6 Lakhs per year
Wipro	₹2.0 Lakhs to ₹2.6 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 Payroll Officer at HSBC Group in India?

The salary growth for a Payroll Officer at HSBC Group depends on factors such as experience, performance, and promotions. On average, a Payroll Officer can expect the following growth trajectory at HSBC Group:

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹8.3 Lakhs per year
1 year	₹3.5 Lakhs to ₹8.5 Lakhs per year
2 years	₹3.1 Lakhs to ₹6.5 Lakhs per year
3 years	₹3.1 Lakhs to ₹6.7 Lakhs per year

and so on.

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HSBC Group Payroll Officer Salaries

HSBC Group Payroll Officer salary in India ranges between ₹3.1 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 HSBC Group latest salaries received from various employees of HSBC Group.