ICICI Merchant Service Associate Salaries by 4 Employees (Updated 2025)

1 - 10 years exp.

₹5.5 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Associate Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

IT & Information Security Associate Salary 1 year exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6 L/yr
Customer Success, Service & Operations Associate Salary 8 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr
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Finance & Accounting Associate Salary 10 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 10 Mar 2025

Companies similar to ICICI Merchant Service for Associate

Company name	Avg Annual Salary	Open Jobs
Paytm Payments Bank Associate Salary 0 - 8 years exp. (349 salaries)	₹2 L/yr - ₹4.6 L/yr 42% less
Standard Chartered Associate Salary 1 - 16 years exp. (147 salaries)	₹6.7 L/yr - ₹27.9 L/yr 182% more
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National Australia Bank Associate Salary 0 - 5 years exp. (36 salaries)	₹4 L/yr - ₹9.5 L/yr 5% more	1 job opening
Royal Bank of Scotland International Associate Salary 4 - 12 years exp. (29 salaries)	₹7.2 L/yr - ₹18.4 L/yr 126% more
South Indian Bank Associate Salary 1 - 4 years exp. (5 salaries)	₹4.7 L/yr - ₹7 L/yr 13% less
Shivalik Small Finance Bank Associate Salary 0 - 3 years exp. (5 salaries)	₹2.7 L/yr - ₹3 L/yr 52% less
SVC Co-Operative Bank Associate Salary 0 - 9 years exp. (4 salaries)	₹5 L/yr - ₹9 L/yr 2% more
Emirates NBD Associate Salary 7 - 9 years exp. (4 salaries)	₹9.5 L/yr - ₹20.1 L/yr 107% more
First Abu Dhabi Bank Associate Salary 1 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹11.5 L/yr 9% more
TJSB Sahakari Bank Associate Salary 1 - 14 years exp. (3 salaries)	₹2.4 L/yr - ₹10 L/yr 15% less

Associate salary at ICICI Merchant Service ranges between ₹5.5 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Merchant Service.

Experience wise ICICI Merchant Service Associate salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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10 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr

Similar Designation salaries in ICICI Merchant Service

Senior Associate Salary

(5 salaries)

₹3.5 L/yr - ₹5.35 L/yr

Team Lead Salary

(31 salaries)

₹2.6 L/yr - ₹7.5 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹18.9 L/yr - ₹24.2 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹13.7 L/yr - ₹17.5 L/yr

Application Developer Salary

(AmbitionBox Estimate)

₹8.5 L/yr - ₹10.8 L/yr

Associate Software Engineer Salary

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₹3.2 L/yr - ₹4 L/yr

Senior Software Engineer Salary

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₹7.4 L/yr - ₹9.4 L/yr

Salary related reviews for ICICI Merchant Service

Field Operations Supervisor (working remotely)

Contractual

Production, Manufacturing & Engineering Department

2.0

• posted on 31 Jan 2023

1.0

for Salary and Benefits

Likes

Nothing to like here

Skill development - Good

Dislikes

Very low salaries no value of Off Role employees even if you are off role in the company sales manager have no rights to contact with you for any work. He has to be routed through on roll employee only.

Salary - Bad

+5 more

Sales Support Specialist Team Leader in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 23 Apr 2023

2.0

for Salary and Benefits

Likes

On time salary gets credit to your account. Is the only thing one like there .

Dislikes

Seniors put pressure and gives u threat about termination or pip , even after your performance is satisfactory.., don’t expect any help from senior management.. No salary growth, salary growth is only for senior management..

Salary - Poor

+3 more

Sales Executive in Pune

BFSI, Investments & Trading Department

5.0

• posted on 30 Jun 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Relationship Manager in Mumbai

Aviation & Aerospace Department

3.0

• posted on 03 Mar 2021

2.0

for Salary and Benefits

Likes

Good work culture. Team leader very much supportive.

Dislikes

Ni petrol allowance. And salary date is delaying every month. Cut the salary with out reason. And some technical error in their system so we can log in or mark the attendance properly but they cut the salary. And I can't get any kind of certificate. Pf esi number also. No proper reply from company side also.

Salary - Poor

+4 more

Sales Executive in Ranchi

Sales & Business Development Department

5.0

• posted on 22 Jul 2020

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management. Company policies are good, appraisals are fair and they give good salary hike and bonus every years.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Merchant Service Associate Salary FAQs

What is the salary of Associate at ICICI Merchant Service ?

The average salary of a Associate at ICICI Merchant Service in India typically ranges from ₹5.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Associate at ICICI Merchant Service earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Associate Salaries at ICICI Merchant Service 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 4 ICICI Merchant Service employees in India.

What is the estimated take home salary of a Associate at ICICI Merchant Service in India?

The estimated take-home salary of a Associate at ICICI Merchant Service in India typically ranges from ₹44,593 to ₹45,689 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 1 year 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 4 salaries received from various employees of ICICI Merchant Service. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Merchant Service for Associate in India?

Standard Chartered	₹6.7 Lakhs to ₹27.9 Lakhs per year
Royal Bank of Scotland International	₹7.2 Lakhs to ₹18.4 Lakhs per year
Emirates NBD	₹9.5 Lakhs to ₹20.1 Lakhs per year
First Abu Dhabi Bank	₹3.5 Lakhs to ₹11.5 Lakhs per year
National Australia Bank	₹4.0 Lakhs to ₹9.5 Lakhs per year

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

What is the salary of a Associate in companies similar to ICICI Merchant Service in India?

The salary of a Associate at companies similar to ICICI Merchant Service in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SVC Co-Operative Bank	₹5.0 Lakhs to ₹9.0 Lakhs per year
South Indian Bank	₹4.7 Lakhs to ₹7.0 Lakhs per year
TJSB Sahakari Bank	₹2.4 Lakhs to ₹10.0 Lakhs per year
Paytm Payments Bank	₹2.0 Lakhs to ₹4.6 Lakhs per year
Shivalik Small Finance Bank	₹2.7 Lakhs to ₹3.0 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 Associate at ICICI Merchant Service in India?

The salary growth for a Associate at ICICI Merchant Service depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at ICICI Merchant Service:

Experience	Average Salary Range
1 year	₹5.2 Lakhs to ₹6.6 Lakhs per year
8 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
10 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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ICICI Merchant Service Associate Salaries

ICICI Merchant Service Associate salary in India ranges between ₹5.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Merchant Service latest salaries received from various employees of ICICI Merchant Service.