HSBC Group Senior Payroll Officer Salaries by 20+ Employees (Updated 2025)

3 - 10 years exp.

₹4 Lakhs - ₹11 Lakhs

Salary of majority employees

26% more than the average Senior Payroll Officer Salary in Financial Services Companies for 3 - 10 years of experience

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Salaries in different departments

Human Resources Senior Payroll Officer Salary 3 - 10 years exp. (16 salaries)	₹5.2 L/yr - ₹10.6 L/yr
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Finance & Accounting Senior Payroll Officer Salary 3 - 9 years exp. (12 salaries)	₹4 L/yr - ₹11 L/yr

Last Updated: 8 Mar 2025

Companies similar to HSBC Group for Senior Payroll Officer

Company name	Avg Annual Salary	Open Jobs
Alldigi Tech Senior Payroll Officer Salary 3 - 7 years exp. (12 salaries)	₹3.5 L/yr - ₹7.1 L/yr 40% less
Tesco Senior Payroll Officer Salary 3 - 8 years exp. (8 salaries)	₹3.1 L/yr - ₹4.5 L/yr 49% less
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HSBC Electronic Data Processing Senior Payroll Officer Salary 7 - 12 years exp. (7 salaries)	₹5.5 L/yr - ₹12 L/yr 16% more
Northern Marine Management Senior Payroll Officer Salary 3 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹3.7 L/yr 62% less
Reckitt Benckiser Senior Payroll Officer Salary 9 - 12 years exp. (5 salaries)	₹9 L/yr - ₹14 L/yr 41% more

Senior Payroll Officer salary at HSBC Group ranges between ₹4 Lakhs to ₹11 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 28 latest salaries received from various employees of HSBC Group.

Experience wise HSBC Group Senior Payroll Officer salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
3 years (4 salaries)	₹4 L/yr - ₹12.8 L/yr
4 years (AmbitionBox Estimate)	₹6 L/yr - ₹13.3 L/yr
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5 years (5 salaries)	₹5.2 L/yr - ₹10 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹10 L/yr
7 years (6 salaries)	₹5 L/yr - ₹10 L/yr
8 years (3 salaries)	₹3.4 L/yr - ₹11 L/yr
9 years (AmbitionBox Estimate)	₹7 L/yr - ₹10 L/yr
10 years (4 salaries)	₹6 L/yr - ₹10.3 L/yr

View all

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Payroll Executive Salary

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₹2.2 L/yr - ₹2.8 L/yr

Top skills at HSBC Group for Senior Payroll Officer

Payroll Financial Services Operations SAP CO Basic Taxation Excel Scheduling Subject Matter Expertise Financial Risk Management Private Banking Microsoft Applications HRIS Focus Data Integrity

Salary related reviews for HSBC Group

3.5

Rated by 6 employees for salary & benefits

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

Analyst in Kolkata

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Feb 2023

2.0

for Salary and Benefits

Likes

Work life balance is decent, job security is high in HSBC India.. Decei learning opportunities..

Skill development - Good

+3 more

Dislikes

Compensation is not competitive at all compared to its market competitors.. Promotions and hikes are poor and managers play favourites..

Salary - Poor

+1 more

Analyst in Kolkata

Data Science & Analytics Department

4.0

• posted on 16 Sep 2022

3.0

for Salary and Benefits

Likes

Good work culture. People are really helpful.

Job security - Good

+3 more

Dislikes

Annual hike is not even cover the inflation rate. It is more like your salary will reduce value due to inflation rate and hike will be so less. Bonus amount is very less. Even if you get promotion in my department they are giving only 5%🤣 although it is not same for all the department there are departments where people are getting 15-20% hike😊

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Salary Discussions, Hike & Promotions

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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HSBC Group Senior Payroll Officer Salary FAQs

What is the salary of Senior Payroll Officer at HSBC Group ?

The average salary of a Senior Payroll Officer at HSBC Group in India typically ranges from ₹4.0 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of Senior Payroll Officer at HSBC Group earn more than ₹10.2 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Senior 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 20+ HSBC Group employees in India.

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

The estimated take-home salary of a Senior Payroll Officer at HSBC Group in India typically ranges from ₹59,379 to ₹60,878 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 3 years to 10 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 20+ 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 Senior Payroll Officer at HSBC Group ?

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

- Payroll
- Financial Services
- Operations
- SAP CO
- Basic

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 Senior Payroll Officer in India?

Reckitt Benckiser	₹9.0 Lakhs to ₹14.0 Lakhs per year
HSBC Electronic Data Processing	₹5.5 Lakhs to ₹12.0 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 Senior Payroll Officer in companies similar to HSBC Group in India?

The salary of a Senior 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:

Alldigi Tech	₹3.5 Lakhs to ₹7.1 Lakhs per year
Tesco	₹3.1 Lakhs to ₹4.5 Lakhs per year
Northern Marine Management	₹2.5 Lakhs to ₹3.7 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 Senior Payroll Officer at HSBC Group in India?

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

Experience	Average Salary Range
3 years	₹4.0 Lakhs to ₹12.8 Lakhs per year
4 years	₹6.0 Lakhs to ₹13.3 Lakhs per year
5 years	₹5.2 Lakhs to ₹10.0 Lakhs per year
6 years	₹3.2 Lakhs to ₹10.0 Lakhs per year

and so on.

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HSBC Group Senior Payroll Officer salary in India ranges between ₹4 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 28 HSBC Group latest salaries received from various employees of HSBC Group.