IFS India Mercantile Software Engineer Salaries by 70+ Employees (Updated 2025)

2 - 4 years exp.

₹4 Lakhs - ₹8 Lakhs

Salary of majority employees

32% less than the average Software Engineer Salary for 2 - 4 years of experience

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Last Updated: 14 Feb 2025

Companies similar to IFS India Mercantile for Software Engineer

Company name	Avg Annual Salary	Open Jobs
Multi Commodity Exchange of India Software Engineer Salary 1 - 3 years exp. (5 salaries)	₹7 L/yr - ₹10 L/yr 61% more
National Stock Exchange of India Software Engineer Salary 2 - 5 years exp. (13 salaries)	₹4.5 L/yr - ₹13 L/yr 48% more
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Bombay Stock Exchange Software Engineer Salary 1 - 5 years exp. (3 salaries)	₹4.3 L/yr - ₹5.5 L/yr 14% less
National Commodity & Derivatives Exchange Software Engineer Salary 1 - 3 years exp. (4 salaries)	₹4.5 L/yr - ₹10 L/yr 6% more
Reliance Industries Software Engineer Salary 1 - 5 years exp. (125 salaries)	₹3 L/yr - ₹12.3 L/yr 27% more
TCS Software Engineer Salary 0 - 7 years exp. (23k salaries)	₹3 L/yr - ₹10.5 L/yr 16% more
HDFC Bank Software Engineer Salary 1 - 7 years exp. (92 salaries)	₹3 L/yr - ₹12.3 L/yr 35% more
Infosys Software Engineer Salary 0 - 6 years exp. (5.7k salaries)	₹2.9 L/yr - ₹10.8 L/yr 18% more
State Bank of India Software Engineer Salary 0 - 4 years exp. (10 salaries)	₹7.6 L/yr - ₹15 L/yr 56% more
Tech Mahindra Software Engineer Salary 0 - 7 years exp. (26.4k salaries)	₹2 L/yr - ₹9.2 L/yr 3% more	7 job openings
HCLTech Software Engineer Salary 0 - 5 years exp. (23k salaries)	₹1.7 L/yr - ₹8 L/yr 19% less	1 job opening
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Capgemini Software Engineer Salary 0 - 7 years exp. (18.4k salaries)	₹1.8 L/yr - ₹10.5 L/yr 4% more	89 job openings
Accenture Software Engineer Salary 0 - 8 years exp. (17.5k salaries)	₹3.6 L/yr - ₹13.3 L/yr 45% more
LTIMindtree Software Engineer Salary 0 - 6 years exp. (16.2k salaries)	₹2 L/yr - ₹10 L/yr 5% more
Cognizant Software Engineer Salary 0 - 7 years exp. (16.1k salaries)	₹3.5 L/yr - ₹14.9 L/yr 47% more	1 job opening
Wipro Software Engineer Salary 0 - 8 years exp. (14k salaries)	₹2 L/yr - ₹15.6 L/yr 45% more	8 job openings
IBM Software Engineer Salary 0 - 9 years exp. (5.5k salaries)	₹5.2 L/yr - ₹22.2 L/yr 112% more
JPMorgan Chase & Co. Software Engineer Salary 0 - 13 years exp. (2.5k salaries)	₹10.3 L/yr - ₹35 L/yr 346% more	10 job openings
DXC Technology Software Engineer Salary 0 - 6 years exp. (2k salaries)	₹2.4 L/yr - ₹11.8 L/yr 17% more	6 job openings
Amazon Software Engineer Salary 0 - 6 years exp. (1.6k salaries)	₹12 L/yr - ₹45 L/yr 368% more	4 job openings

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Software Engineer salary at IFS India Mercantile ranges between ₹4 Lakhs to ₹8 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 73 latest salaries received from various employees of IFS India Mercantile.

Experience wise IFS India Mercantile Software Engineer salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
2 years (25 salaries)	₹4 L/yr - ₹5.9 L/yr
3 years (41 salaries)	₹4.2 L/yr - ₹7.5 L/yr
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4 years (7 salaries)	₹5.6 L/yr - ₹8 L/yr

Similar Designation salaries in IFS India Mercantile

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Software Developer Salary

(55 salaries)

₹3.5 L/yr - ₹8.5 L/yr

Associate Software Engineer Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Java Developer Salary

(11 salaries)

₹3.2 L/yr - ₹6.3 L/yr

Senior Software Developer Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Plsql Developer Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for IFS India Mercantile

4.1

Rated by 10 employees for salary & benefits

Softwaretest Engineer in Pune

Full Time

Engineering - Software & QA Department

5.0

• posted on 20 Aug 2024

4.0

for Salary and Benefits

Likes

A healthy work-life balance, IFS India Mercantile Pvt. Ltd. provides cutting-edge tools and technologies, working with international teams and on global projects, which can enhance your skills and broaden perspective.

Salary - Good

+5 more

Dislikes

The high standards and expectations can be challenging, but you appreciate them as they push you to grow and excel.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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IFS India Mercantile Software Engineer Salary FAQs

What is the salary of Software Engineer at IFS India Mercantile?

Software Engineer salary at IFS India Mercantile in India ranges between ₹4.0 Lakhs to ₹8.0 Lakhs for experience between 2 years to 4 years. According to our estimates it is 32% less than the average Software Engineer Salary in India. Salary estimates are based on 73 latest salaries received from various employees of IFS India Mercantile India.

How does the salary of a Software Engineer at IFS India Mercantile India compare with the average salary range for this job?

The average salary of a Software Engineer at IFS India Mercantile is 32% less than the average salary of a Software Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than IFS India Mercantile to a Software Engineer in India?

Amazon Software Engineer Salary - ₹12.0 Lakhs to ₹45.0 Lakhs per year
JPMorgan Chase & Co. Software Engineer Salary - ₹10.3 Lakhs to ₹35.0 Lakhs per year
IBM Software Engineer Salary - ₹5.2 Lakhs to ₹22.2 Lakhs per year
Kotak Mahindra Bank Software Engineer Salary - ₹9.9 Lakhs to ₹20.4 Lakhs per year
PwC Software Engineer Salary - ₹4.2 Lakhs to ₹17.0 Lakhs per year

What is the salary of a Software Engineer in companies similar to IFS India Mercantile in India?

Deloitte Software Engineer Salary - ₹3.9 Lakhs to ₹17.0 Lakhs per year
Concentrix Corporation Software Engineer Salary - ₹4.0 Lakhs to ₹16.3 Lakhs per year
Multi Commodity Exchange of India Software Engineer Salary - ₹7.0 Lakhs to ₹10.0 Lakhs per year
State Bank of India Software Engineer Salary - ₹7.6 Lakhs to ₹15.0 Lakhs per year
Genpact Software Engineer Salary - ₹3.5 Lakhs to ₹15.0 Lakhs per year

What is the estimated take home salary of a Software Engineer at IFS India Mercantile in India?

The estimated take-home salary of a Software Engineer at IFS India Mercantile ranges between ₹42,893 per month to ₹44,015 per month in India. The take-home salary calculation is based on the average IFS India Mercantile Software Engineer salary in India which ranges between ₹4.0 Lakhs to ₹8.0 Lakhs per year for employees with experience between 2 years to 4 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer at IFS India Mercantile?

According to AmbitionBox, 80% of the IFS India Mercantile Software Engineers reported a notice period of 15 days or less, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 35 responses on AmbitionBox in last 2 years.

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IFS India Mercantile Software Engineer Salaries

IFS India Mercantile Software Engineer salary in India ranges between ₹4 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 73 IFS India Mercantile latest salaries received from various employees of IFS India Mercantile.