IndusInd Bank Mumbai Software Engineer Salaries by 4 Employees

1 - 3 years exp.

₹3.6 Lakhs - ₹7.5 Lakhs

Salary of majority employees

34% less than the average Software Engineer Salary in Banking Companies for 1 - 3 years of experience

Interested in this particular role?

Last Updated: 25 Oct 2024

Companies similar to IndusInd Bank for Software Engineer in Mumbai

IndusInd Bank Software Engineer Salary

1 - 3 years exp. (4 salaries)

₹3.6 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Bank of America Software Engineer Salary 1 - 12 years exp. (216 salaries)	₹6.8 L/yr - ₹28.2 L/yr 199% more
Axis Bank Software Engineer Salary 0 - 5 years exp. (21 salaries)	₹3 L/yr - ₹10 L/yr 22% more
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IDFC FIRST Bank Software Engineer Salary 1 - 5 years exp. (15 salaries)	₹3.8 L/yr - ₹11.8 L/yr 51% more
Barclays Software Engineer Salary 0 - 5 years exp. (14 salaries)	₹12 L/yr - ₹20 L/yr 187% more
ICICI Bank Software Engineer Salary 2 - 4 years exp. (6 salaries)	₹3.2 L/yr - ₹9.2 L/yr 54% more
AU Small Finance Bank Software Engineer Salary 2 - 3 years exp. (4 salaries)	₹10.7 L/yr - ₹15 L/yr 118% more
Yes Bank Software Engineer Salary 1 - 4 years exp. (3 salaries)	₹3.2 L/yr - ₹7 L/yr 1% less
Deutsche Bank Software Engineer Salary 3 - 5 years exp. (3 salaries)	₹9 L/yr - ₹28 L/yr 248% more
Reserve Bank of India Software Engineer Salary 1 - 2 years exp. (3 salaries)	₹2.8 L/yr - ₹10 L/yr 7% more

Software Engineer salary at IndusInd Bank ranges between ₹3.6 Lakhs to ₹7.5 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Software Engineer salaries in Mumbai

Last Updated: 25 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
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3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in IndusInd Bank

Software Developer Salary

(8 salaries)

₹6 L/yr - ₹17 L/yr

Web Developer Salary

(3 salaries)

₹5.7 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

Emerging Corporate Business Development Manager in Kolkata

Full Time

Other Department

3.0

• posted on 17 Mar 2025

3.0

for Salary and Benefits

Likes

When r u selected for company then salary hike is very good Continum is best policy for this bank .

Dislikes

Not proper training . Work culture is very bad Huge pressure and if unable to deliver then use own fund . Leaking leg upper management by Bm nd ASM for there won't job security and appraisal.

Skill development - Bad

+5 more

Deputy Manager Grade 2 in Chennai

Full Time

Legal & Regulatory Department

3.0

• posted on 10 Feb 2025

2.0

for Salary and Benefits

Likes

Some managers are nice, Saturdays are off Flexible timings Work life balance is fine. Job security if u work really well.

Job security - Good

+2 more

Dislikes

No Salary hike. Even house help can get more hike than here promotion Skill development Managers can be annoying They will dump more work on person who works efficiently others can enjoy with no work and salary. Salary increment very poor even for the person gets amazing Performance ratings. No promotion also.

Salary - Poor

+2 more

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 28 Jan 2025

5.0

for Salary and Benefits

Likes

On time salary

Salary - Excellent

Dislikes

Please don't select this bank. they will not give proper recognition for our work.bank is good but work nature and way for work is totally bad. Backend process is entirely bad to work . opening an account is impossible for all the customers worst online apps. without backend support employees can't work freely. They need business only but don't support for doing business (support means I am telling about backend process).do not encourage employees for doing work. each and every month pip will be issued for every month Target. I don't even see such a bank like this . Don't spoil your life in joining indusind bank.shares also getting down 👎.bad job security.they will not accept the fault on them till your last date.

Skill development - Bad

+5 more

Senior Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Jan 2025

4.0

for Salary and Benefits

Likes

Pathetic work experience, u will end up finding yourself as a telecaller. Yes u will get a good salary, but it will be on the cost of deteriorating your whole career. U won't get any value in the other banks, because all others know the bad quality of books, credit card telecalling, etc.

Salary - Good

Dislikes

Mentioned above

Skill development - Bad

+4 more

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IndusInd Bank Software Engineer Salary FAQs

What is the salary of Software Engineer at IndusInd Bank in Mumbai?

The average salary of a Software Engineer at IndusInd Bank in Mumbai typically ranges from ₹3.6 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Software Engineer in Mumbai at IndusInd Bank earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 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 4 IndusInd Bank employees in India.

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

The estimated take-home salary of a Software Engineer at IndusInd Bank in Mumbai typically ranges from ₹39,752 to ₹40,921 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 1 year to 3 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 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 ₹28.0 Lakhs per year
Bank of America	₹6.8 Lakhs to ₹28.2 Lakhs per year
Barclays	₹12.0 Lakhs to ₹20.0 Lakhs per year
AU Small Finance Bank	₹10.7 Lakhs to ₹15.0 Lakhs per year
ICICI Bank	₹3.2 Lakhs to ₹9.2 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 Mumbai?

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

IDFC FIRST Bank	₹3.8 Lakhs to ₹11.8 Lakhs per year
Axis Bank	₹3.0 Lakhs to ₹10.0 Lakhs per year
Reserve Bank of India	₹2.8 Lakhs to ₹10.0 Lakhs per year
Yes Bank	₹3.2 Lakhs to ₹7.0 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 Software Engineer at IndusInd Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
3 years	₹4.1 Lakhs to ₹5.2 Lakhs per year

and so on.

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IndusInd Bank Software Engineer Salaries in Mumbai

IndusInd Bank Software Engineer salary in Mumbai ranges between ₹3.6 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IndusInd Bank latest salaries received from various employees of IndusInd Bank.