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MasterCard Software Developer II salaries in India (Updated 2025)

Annual salary range
1 - 10 years exp.
₹12 Lakhs - ₹22 Lakhs
Salary of majority employees
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At par with the average Software Developer II Salary in FinTech Companies for 1 - 10 years of experience

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Last Updated: 5 Mar 2025

Companies similar to MasterCard for Software Developer II

Company name Avg Annual Salary Open Jobs
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₹19.5 L/yr - ₹25 L/yr

arrow icon 25% more
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PayPal Software Developer II Salary

2 - 6 years exp. (18 salaries)

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₹24 L/yr - ₹35 L/yr

arrow icon 75% more
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₹34 L/yr - ₹42 L/yr

arrow icon 114% more
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Fiserv Software Developer II Salary

2 - 8 years exp. (5 salaries)

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₹10.5 L/yr - ₹23 L/yr

arrow icon 4% less
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HighRadius Software Developer II Salary

2 - 6 years exp. (4 salaries)

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₹13.5 L/yr - ₹15.7 L/yr

arrow icon 16% less
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PhonePe Software Developer II Salary

4 - 6 years exp. (4 salaries)

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₹11.5 L/yr - ₹73 L/yr

arrow icon 101% more
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Razorpay Software Developer II Salary

2 - 5 years exp. (3 salaries)

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₹25 L/yr - ₹26 L/yr

arrow icon 45% more
Software Developer II salary at MasterCard ranges between ₹12 Lakhs to ₹22 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 15 latest salaries received from various employees of MasterCard.

Latest annual salaries shared by MasterCard Software Developer II

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Experience wise MasterCard Software Developer II salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹7.1 L/yr - ₹22 L/yr
2 years  (3 salaries)

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₹15 L/yr - ₹22 L/yr
3 years (AmbitionBox Estimate)

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₹16 L/yr - ₹20.5 L/yr
4 years  (4 salaries)

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₹12 L/yr - ₹18.6 L/yr
5 years (AmbitionBox Estimate)

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₹16 L/yr - ₹32 L/yr
View all

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₹13.5 L/yr - ₹46 L/yr
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Devops Engineer Salary
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₹6.5 L/yr - ₹19.8 L/yr
Lead Engineer Salary
(45 salaries)
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₹16 L/yr - ₹51 L/yr
Technical Lead Salary
(40 salaries)
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₹15.8 L/yr - ₹51 L/yr
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₹9.36 L/yr - ₹22.8 L/yr
Data Engineer Salary
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₹10.7 L/yr - ₹26.6 L/yr

Salary related reviews for MasterCard

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 08 May 2022

3.0
 for  Salary and Benefits

Likes

I am working since 7yrs in Mastercard The company policies, work culture are good. You can easily do internal job change and career movement. Overa it's good experience.

read more
  • Skill development - Good
  • +5 more

Dislikes

Salary hike is not enough as compared with other companies.

Engineering - Software & QA Department

1.0
  •  posted on 25 Nov 2021

1.0
 for  Salary and Benefits

Likes

- Agile practice are followed - During COVID period Friday was given as a half day

Dislikes

- Salary is not given according to market standards. - Notice period is 3 months - No career growth - In leave encashment you will only get basic salary components - No transport facility - Employees are asked to return to office

read more
  • Salary - Bad
  • +4 more

Engineering - Software & QA Department

3.0
  •  posted on 19 May 2018

3.0
 for  Salary and Benefits

Likes

Job security was best a year back but the company has started to go for third party vendors to get job done so it has reduced number of employees being hired on company payroll drastically. It has best facilities in terms of no of leaves ,maternity leaves, paternity leaves,medical insurance , term insurance , travel insurance policies. Work life balance depends on a project that you are working. Work from home facilities available with prior manager approvals.

read more
  • Job security - Good
  • +2 more

Dislikes

...ducts which could help Freshers or new joiners to learn product domain faster. Salary: Salary for new joiners is on the basis of the position they are applying for. They have certain salary band for each position. you may be given low/mid/high depending your current CTC. Appraisal:They are following a stack ranking for comparing performance of same position ed individuals in a team. Percentage of appraisal varies from max 15% to 0% , 0% for 4 rated individuals whrere 1 rating means exceeds expectations and 4 being partially met. Have seen lot of politics and favourism being done by managers.Overall I would say it's a good company for new joiners. In this company your position is everything in terms of your CTC.

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Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 23 Sep 2024

4.0
 for  Salary and Benefits

Likes

They offer best compensation in industry

  • Salary - Good

Dislikes

Politically driven BFC in Gurgaon where couple of directors are driving a culture of favouritism and who would like to throw team members under the bus rather than owing to their own mistakes.

read more
  • Job security - Bad
  • +4 more

Full Time

 · 

Data Science & Analytics Department

4.0
  •  posted on 16 Jun 2023

3.0
 for  Salary and Benefits

Likes

There is job security and perks are better than most other companies in the same sector.

  • Job security - Excellent
  • +1 more

Dislikes

However, compared to It's direct competitors it's compensation is low.. No work from home is allowed for long term and this lack of flexibility is a serious disadvantage..

read more
  • Skill development - Poor
  • +1 more
see more salary related reviews

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MasterCard Software Developer II Salary FAQs

What is the salary of Software Developer II at MasterCard ?
The average salary of a Software Developer II at MasterCard in India typically ranges from ₹12.0 Lakhs to ₹22.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Software Developer II at MasterCard earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹22.0 Lakhs per year. Software Developer II Salaries at MasterCard 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+ MasterCard employees in India.
What is the estimated take home salary of a Software Developer II at MasterCard in India?
The estimated take-home salary of a Software Developer II at MasterCard in India typically ranges from ₹1,19,695 to ₹1,23,052 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹22.0 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 10+ salaries received from various employees of MasterCard. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than MasterCard for Software Developer II in India?
Kotak Mahindra Bank ₹34.0 Lakhs to ₹42.0 Lakhs per year
PhonePe ₹11.5 Lakhs to ₹73.0 Lakhs per year
PayPal ₹24.0 Lakhs to ₹35.0 Lakhs per year
Razorpay ₹25.0 Lakhs to ₹26.0 Lakhs per year
American Express ₹19.5 Lakhs to ₹25.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by MasterCard, depending on the role and experience level.
What is the salary of a Software Developer II in companies similar to MasterCard in India?
The salary of a Software Developer II at companies similar to MasterCard in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Fiserv ₹10.5 Lakhs to ₹23.0 Lakhs per year
HighRadius ₹13.5 Lakhs to ₹15.7 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 Developer II at MasterCard in India?
The salary growth for a Software Developer II at MasterCard depends on factors such as experience, performance, and promotions. On average, a Software Developer II can expect the following growth trajectory at MasterCard:

Experience Average Salary Range
1 year ₹7.1 Lakhs to ₹22.0 Lakhs per year
2 years ₹15.0 Lakhs to ₹22.0 Lakhs per year
3 years ₹16.0 Lakhs to ₹20.5 Lakhs per year
4 years ₹12.0 Lakhs to ₹18.6 Lakhs per year
and so on.

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MasterCard Software Developer II salary in India ranges between ₹12 Lakhs to ₹22 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 MasterCard latest salaries received from various employees of MasterCard.