IndusInd Bank Software Engineer Salaries by 10+ Employees

1 - 7 years exp.

₹2.4 Lakhs - ₹9.8 Lakhs

Salary of majority employees

14% less than the average Software Engineer Salary in Banking Companies for 1 - 7 years of experience

Interested in this particular role?

Last Updated: 25 Oct 2024

Companies similar to IndusInd Bank for Software Engineer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Software Engineer Salary 1 - 6 years exp. (90 salaries)	₹2.6 L/yr - ₹12.9 L/yr 2% more
ICICI Bank Software Engineer Salary 0 - 5 years exp. (76 salaries)	₹3.8 L/yr - ₹11.9 L/yr 14% more
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Axis Bank Software Engineer Salary 0 - 5 years exp. (66 salaries)	₹2.3 L/yr - ₹10.3 L/yr 7% less
Kotak Mahindra Bank Software Engineer Salary 2 - 7 years exp. (36 salaries)	₹10.7 L/yr - ₹20.9 L/yr 70% more
State Bank of India Software Engineer Salary 0 - 4 years exp. (10 salaries)	₹9 L/yr - ₹15 L/yr 45% more
Yes Bank Software Engineer Salary 0 - 6 years exp. (22 salaries)	₹2.6 L/yr - ₹9.4 L/yr 29% less
IDFC FIRST Bank Software Engineer Salary 0 - 5 years exp. (45 salaries)	₹4 L/yr - ₹16.2 L/yr 36% more
RBL Bank Software Engineer Salary 0 - 4 years exp. (56 salaries)	₹4.5 L/yr - ₹15 L/yr 35% more	2 job openings
Federal Bank Software Engineer Salary 0 - 5 years exp. (6 salaries)	₹2 L/yr - ₹9 L/yr 35% less
Punjab National Bank Software Engineer Salary 0 - 7 years exp. (3 salaries)	₹1.4 L/yr - ₹8 L/yr 31% less
Bank of America Software Engineer Salary 1 - 12 years exp. (1.1k salaries)	₹6.6 L/yr - ₹27.5 L/yr 124% more
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NatWest Group Software Engineer Salary 0 - 11 years exp. (912 salaries)	₹8 L/yr - ₹30 L/yr 140% more
Barclays Software Engineer Salary 0 - 7 years exp. (247 salaries)	₹8.1 L/yr - ₹23.5 L/yr 127% more
Standard Chartered Software Engineer Salary 0 - 7 years exp. (143 salaries)	₹6 L/yr - ₹24 L/yr 85% more
Deutsche Bank Software Engineer Salary 0 - 6 years exp. (131 salaries)	₹9 L/yr - ₹32 L/yr 157% more	1 job opening
NatWest Markets Software Engineer Salary 1 - 10 years exp. (50 salaries)	₹8.3 L/yr - ₹24 L/yr 109% more
AU Small Finance Bank Software Engineer Salary 0 - 5 years exp. (35 salaries)	₹3.8 L/yr - ₹15.8 L/yr 31% more
HSBC Global Banking and Markets Software Engineer Salary 1 - 6 years exp. (20 salaries)	₹5 L/yr - ₹10.4 L/yr 7% less
DCB Bank Software Engineer Salary 1 - 4 years exp. (12 salaries)	₹4 L/yr - ₹6.8 L/yr 22% less
IDBI Bank Software Engineer Salary 2 - 3 years exp. (10 salaries)	₹5.1 L/yr - ₹16 L/yr 31% more

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Software Engineer salary at IndusInd Bank ranges between ₹2.4 Lakhs to ₹9.8 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 16 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Software Engineer salaries

Last Updated: 25 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.6 L/yr - ₹9 L/yr
2 years (3 salaries)	₹3.1 L/yr - ₹10.4 L/yr
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3 years (5 salaries)	₹2.1 L/yr - ₹9 L/yr
4 years (3 salaries)	₹5.5 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹9.8 L/yr
6 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹15.7 L/yr
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹17.1 L/yr

View all

Similar Designation salaries in IndusInd Bank

Senior Engineer Salary

(3 salaries)

₹16 L/yr - ₹20 L/yr

System Engineer Salary

(4 salaries)

₹1.8 L/yr - ₹4 L/yr

Senior Software Engineer Salary

(7 salaries)

₹5.6 L/yr - ₹8.74 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹30.6 L/yr - ₹39.1 L/yr

Software Developer Salary

(20 salaries)

₹5 L/yr - ₹17 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹8.8 L/yr - ₹11.3 L/yr

Associate Software Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Software Development Engineer Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Developer Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Web Developer Salary

(4 salaries)

₹3.6 L/yr - ₹5.9 L/yr

Salary related reviews for IndusInd Bank

Programmer Analyst in Chennai

Full Time

Engineering - Software & QA Department

3.0

• posted on 18 Jan 2024

2.0

for Salary and Benefits

Likes

You can learn more work and knowledge. 100% job security and there is no delay in salary credit.

Skill development - Good

+1 more

Dislikes

No appraisal, Work environment was worst, need to work on Saturday and holidays. Salary is not satisfied.

Salary - Poor

+3 more

Assistant Manager in Nagaon

Full Time

Finance & Accounting Department

5.0

• posted on 04 Jan 2025

4.0

for Salary and Benefits

Likes

The challenges presented in my role push me to constantly learn and develop new skills. Working with a diverse team of colleagues allows for different perspectives and collaborative problem-solving

Salary - Good

+6 more

Dislikes

salary and benefits : Being underpaid for the work you perform can cause you to become unhappy.

Business Development Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 03 Jan 2025

2.0

for Salary and Benefits

Likes

Only thing i like salary on 25 of every month nothing else

Dislikes

No proper support from managers branch managers are dangerous towards employee favourite employe get good support . Not treat equally . No proper hr support . Manager use their power to spoil employee life. Unrealistic target . This is not bank these are insurance company. They only focus on insurance. No proper training. No proper support . Second thing if u have do pr die situation then join Indusind bank other wise explore your self and search other opportunities. Hr not received your call . Hr will also not understand your problem even you share medical thereafter they will not relieve you . Hr is only for name and position. Huge politics . If you hard worker employee and source good business then managers will map your clients to his favourite employee. They will treat you like you are slave. (Convulsion) Pls don’t join until and unless you have do or die situation either join for 1 or 6 months after resigned )

Salary - Poor

+5 more

Associate Vice President in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 16 Dec 2024

4.0

for Salary and Benefits

Likes

...corporate. Work life balance, knowledge uplift, work satisfaction are very good. Salary and Appraisal are low when compared to industry. Seniors guide us well.

Salary - Good

+5 more

Dislikes

Salary and Appraisal.

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 Dec 2024

1.0

for Salary and Benefits

Likes

Less pressure than other bank.

Dislikes

...mers like other banks whose basic account starts from rs 2500 like bandhan Bank.And the salary hike is very very low like negligible.

Salary - Bad

+5 more

see more salary related reviews

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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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IndusInd Bank Software Engineer Salary FAQs

What is the salary of Software Engineer at IndusInd Bank ?

The average salary of a Software Engineer at IndusInd Bank in India typically ranges from ₹2.4 Lakhs to ₹9.8 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Software Engineer at IndusInd Bank earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.8 Lakhs per year. Software Engineer Salaries at IndusInd Bank 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+ IndusInd Bank employees in India.

What is the estimated take home salary of a Software Engineer at IndusInd Bank in India?

The estimated take-home salary of a Software Engineer at IndusInd Bank in India typically ranges from ₹54,082 to ₹55,431 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹9.8 Lakhs per year for employees with experience ranging from 1 year to 7 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 IndusInd Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IndusInd Bank for Software Engineer in India?

Deutsche Bank	₹9.0 Lakhs to ₹32.0 Lakhs per year
NatWest Group	₹8.0 Lakhs to ₹30.0 Lakhs per year
Barclays	₹8.1 Lakhs to ₹23.5 Lakhs per year
Bank of America	₹6.6 Lakhs to ₹27.5 Lakhs per year
NatWest Markets	₹8.3 Lakhs to ₹24.0 Lakhs per year

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

What is the salary of a Software Engineer in companies similar to IndusInd Bank in India?

The salary of a Software Engineer at companies similar to IndusInd Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Standard Chartered	₹6.0 Lakhs to ₹24.0 Lakhs per year
Bank of Baroda	₹9.9 Lakhs to ₹18.2 Lakhs per year
Kotak Mahindra Bank	₹10.7 Lakhs to ₹20.9 Lakhs per year
State Bank of India	₹9.0 Lakhs to ₹15.0 Lakhs per year
IDFC FIRST Bank	₹4.0 Lakhs to ₹16.2 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 Software Engineer at IndusInd Bank in India?

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

Experience	Average Salary Range
1 year	₹3.6 Lakhs to ₹9.0 Lakhs per year
2 years	₹3.1 Lakhs to ₹10.4 Lakhs per year
3 years	₹2.1 Lakhs to ₹9.0 Lakhs per year
4 years	₹5.5 Lakhs to ₹9.0 Lakhs per year

and so on.

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IndusInd Bank Software Engineer Salaries

IndusInd Bank Software Engineer salary in India ranges between ₹2.4 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 IndusInd Bank latest salaries received from various employees of IndusInd Bank.