Indian Bank Software Engineer Salaries by 3 Employees

0 - 4 years exp.

₹1 Lakh - ₹8.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (94%)

₹5.2 Lakhs

Variable (6%)

₹0.3 Lakh

35% less than the average Software Engineer Salary in Banking Companies for 0 - 4 years of experience

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Last Updated: 25 May 2024

Companies similar to Indian Bank for Software Engineer

Company name	Avg Annual Salary	Open Jobs
Bank of America Software Engineer Salary 1 - 12 years exp. (1.1k salaries)	₹6.6 L/yr - ₹27.5 L/yr 195% more
NatWest Group Software Engineer Salary 0 - 12 years exp. (1k salaries)	₹8 L/yr - ₹28 L/yr 236% more
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Barclays Software Engineer Salary 0 - 7 years exp. (251 salaries)	₹8.1 L/yr - ₹24.5 L/yr 215% more
Standard Chartered Software Engineer Salary 0 - 7 years exp. (141 salaries)	₹6.1 L/yr - ₹25 L/yr 155% more
Deutsche Bank Software Engineer Salary 0 - 6 years exp. (132 salaries)	₹9 L/yr - ₹32 L/yr 240% more
NatWest Markets Software Engineer Salary 0 - 10 years exp. (52 salaries)	₹8 L/yr - ₹24 L/yr 183% more
IDFC FIRST Bank Software Engineer Salary 0 - 5 years exp. (45 salaries)	₹4 L/yr - ₹16.2 L/yr 79% more
Kotak Mahindra Bank Software Engineer Salary 2 - 7 years exp. (38 salaries)	₹12.6 L/yr - ₹23 L/yr 157% more
AU Small Finance Bank Software Engineer Salary 0 - 5 years exp. (35 salaries)	₹3.8 L/yr - ₹15.8 L/yr 73% more
Yes Bank Software Engineer Salary 0 - 6 years exp. (22 salaries)	₹2.6 L/yr - ₹9.4 L/yr 6% less
HSBC Global Banking and Markets Software Engineer Salary 1 - 5 years exp. (20 salaries)	₹5 L/yr - ₹10.4 L/yr 24% more
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IndusInd Bank Software Engineer Salary 1 - 6 years exp. (15 salaries)	₹3.5 L/yr - ₹9.8 L/yr 48% more
IDBI Bank Software Engineer Salary 2 - 3 years exp. (10 salaries)	₹5.1 L/yr - ₹16 L/yr 73% more
Bandhan Bank Software Engineer Salary 2 - 5 years exp. (7 salaries)	₹1 L/yr - ₹8.6 L/yr 8% more
Equitas Small Finance Bank Software Engineer Salary 2 - 4 years exp. (6 salaries)	₹2.9 L/yr - ₹5.1 L/yr 35% less
Federal Bank Software Engineer Salary 0 - 5 years exp. (5 salaries)	₹2 L/yr - ₹9 L/yr 24% less
Bank of Maharashtra Software Engineer Salary 1 - 5 years exp. (5 salaries)	₹2.4 L/yr - ₹18.6 L/yr 71% more
Ujjivan Small Finance Bank Software Engineer Salary 3 - 5 years exp. (5 salaries)	₹5.5 L/yr - ₹12 L/yr 78% more
Jana Small Finance Bank Software Engineer Salary 2 - 4 years exp. (4 salaries)	₹4.2 L/yr - ₹7 L/yr 3% less
Indian Overseas Bank Software Engineer Salary 2 - 7 years exp. (3 salaries)	₹6 L/yr - ₹7.5 L/yr 18% more

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Software Engineer salary at Indian Bank ranges between ₹1 Lakh to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Indian Bank.

Experience wise Indian Bank Software Engineer salaries

Last Updated: 25 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
3 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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4 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in Indian Bank

System Engineer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹9.2 L/yr - ₹11.7 L/yr

Team Lead Salary

(4 salaries)

₹4.7 L/yr - ₹18 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Salary related reviews for Indian Bank

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 28 Nov 2024

5.0

for Salary and Benefits

Likes

Job security, good pay, ability to gain knowledge and connections.

Salary - Excellent

+4 more

Dislikes

Impossible targets, harassing in meeting stating transfers, expecting to work overtime even on holidays, unapproachable and unheedful HR personnel.

Company culture - Poor

Assistant Manager in Nadia

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 24 Jul 2024

4.0

for Salary and Benefits

Likes

Salary and allowances are decent. And if you are lucky enough to get a good manager, you life will be good.

Salary - Good

+1 more

Dislikes

Extremely bad work culture. Huge burden of targets, even new joinees are not spared! They won't give you an opportunity to learn, they only care about their business figures! Bad postings in unlivable rural areas. Yes perks and allowances are good, but often times you have to beg them to get those. Corrupt practices undertaken by HRM section, people of certain communities are given preference over the other. And if you dare to raise your voice against such injustice, you will be harassed even more.

Skill development - Poor

+4 more

Assistant Branch Manager in Arambagh

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Mar 2022

3.0

for Salary and Benefits

Likes

...f diversified roles in various verticals along different geographical locations.The employees enjoy several Perks and allowances alongside their salary.It has a great job security and social status too.

Job security - Excellent

+3 more

Dislikes

The job can be a bit monotonus and repetitive at times. The salary is decent at first but the growth is stagnant after a time period. The far off rural postings brings several challenges and hardships too. The transfers are frequent.

Assistant Manager in New Delhi

Full Time

Finance & Accounting Department

2.0

• posted on 17 Jun 2023

3.0

for Salary and Benefits

Likes

Job Safety, health insurance, decent salary. Simple Interest on loans for staff and 1% higher interest for staff on deposits.

Job security - Good

Dislikes

Promotion is based on buttering GMs and seniors. Promotion interview marks are noted in pencil and then changed once it reached corporate office based on above criterion. Very few specialist officers are given promotion, preference if only for POs; DO NOT join as specialist officer if you are looking for career growth. Random transferring away from home. Branch Managers are excessively pressurized.

Skill development - Poor

+4 more

Business Banking Relationship in Sonbhadra

Finance & Accounting Department

4.0

• posted on 28 Apr 2022

3.0

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

Skill development - Good

+1 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

Job security - Poor

see more salary related reviews

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What people are saying about Indian Bank

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mag123

works at

Indian Bank

Seeking job for 25L/annum

I am currently working in indian bank. I am drawing 18 L /annum , has 10 year work experience, previously worked in TCS for 2.5 years, I am currently looking for a job which will pay minimum 25 L / annum with better work/life balance. Which job should I seek?

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Indian Bank Software Engineer Salary FAQs

How the salary growth look like for a Software Engineer at Indian Bank in India?

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

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹1.1 Lakhs per year
3 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
4 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Indian Bank Software Engineer Salaries

Indian Bank Software Engineer salary in India ranges between ₹1 Lakh to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Indian Bank latest salaries received from various employees of Indian Bank.