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NatWest Group Principal Engineer salaries in Chennai (Updated 2025)

Annual salary range
12 - 20 years exp.
₹25.5 Lakhs - ₹46 Lakhs
Salary of majority employees
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34% more than the average Principal Engineer Salary in Banking Companies for 12 - 20 years of experience

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Salaries in different departments

Engineering - Software & QA
Principal Engineer Salary
12 - 20 years exp. (20 salaries)
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₹29 L/yr - ₹43 L/yr

Project & Program Management
Principal Engineer Salary
15 - 18 years exp. (5 salaries)
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₹25.5 L/yr - ₹43 L/yr

IT & Information Security
Principal Engineer Salary
12 years exp. (AmbitionBox Estimate)
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₹37.2 L/yr - ₹42.5 L/yr

Last Updated: 18 Feb 2025

Companies similar to NatWest Group for Principal Engineer in Chennai

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NatWest Group Principal Engineer Salary

12 - 20 years exp. (30 salaries)

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₹25.5 L/yr - ₹46 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Standard Chartered Principal Engineer Salary

14 - 17 years exp. (3 salaries)

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₹30 L/yr - ₹50 L/yr

arrow icon 8% more
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Saipem Principal Engineer Salary

10 - 17 years exp. (165 salaries)

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₹11 L/yr - ₹29.5 L/yr

arrow icon 48% less
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Jasmin Infotech Principal Engineer Salary

6 - 11 years exp. (94 salaries)

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₹7.6 L/yr - ₹20.1 L/yr

arrow icon 56% less
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VA Tech Wabag Principal Engineer Salary

8 - 16 years exp. (50 salaries)

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₹7.5 L/yr - ₹15.3 L/yr

arrow icon 69% less
4 job openings
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Verizon Principal Engineer Salary

11 - 20 years exp. (39 salaries)

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₹28.1 L/yr - ₹54 L/yr

arrow icon 9% more
5 job openings
Principal Engineer salary at NatWest Group ranges between ₹25.5 Lakhs to ₹46 Lakhs per year for employees with experience between 12 years to 20 years. Salary estimates are based on 30 latest salaries received from various employees of NatWest Group.

Latest annual salaries shared by NatWest Group Principal Engineer in Chennai

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18 years exp.
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13 years exp.
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18 years exp.
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12 years exp.
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17 years exp.
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14 years exp.
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18 years exp.
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13 years exp.
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18 years exp.
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17 years exp.

Experience wise NatWest Group Principal Engineer salaries in Chennai

Last Updated: 18 Feb 2025

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹33.2 L/yr - ₹42.5 L/yr
13 years (AmbitionBox Estimate)

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₹33.2 L/yr - ₹42.4 L/yr
14 years (AmbitionBox Estimate)

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₹33.2 L/yr - ₹42.4 L/yr
15+ years  (25 salaries)

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₹25.5 L/yr - ₹46 L/yr

Similar Designation salaries in NatWest Group

Software Engineer Salary
(136 salaries)
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₹7.97 L/yr - ₹28 L/yr
Technical Lead Salary
(54 salaries)
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₹15.1 L/yr - ₹36 L/yr
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₹10.45 L/yr - ₹30 L/yr
Lead Engineer Salary
(14 salaries)
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₹21 L/yr - ₹32 L/yr
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₹20.1 L/yr - ₹30 L/yr
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₹27 L/yr - ₹35 L/yr

Top skills at NatWest Group for Principal Engineer

Database Design Agile Unit Testing Testing Tools Automation Software Engineering Architecture Software Development Devops Java SOA Monitoring Agile Testing Javascript Microservices

Salary related reviews for NatWest Group

3.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Risk Management & Compliance Department

1.0
  •  posted on 04 Jan 2025

1.0
 for  Salary and Benefits

Likes

The Leave policy is the only thing good about this company.

Dislikes

...espite being assured of competitive pay, you will often find yourself underpaid. During appraisal discussions, the management frequently justifies minimal increments by claiming that your salary is already above the industry benchmark—a statement far removed from reality. Over time, this persistent undervaluation can erode your motivation and hinder your professional growth. You may feel trapped by the rigid 90-day notice period policy, which not only limits your mobility but also causes you to lose touch with critical interview skills. The work culture leaves much to be desired. Managers often show little regard for employee well-being, fostering an environment where working excessively long hours is the norm. The lack of genuine recognition or meaningful benefits further exacerbates the dissatisfaction. Overall, this workplace struggles to provide a supportive or rewarding environment, leaving employees feeling unappreciated, demotivated, and stagnant in their careers.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Engineering - Software & QA Department

3.0
  •  posted on 09 Jun 2024

4.0
 for  Salary and Benefits

Likes

...helpful environment 3. Great work life balance. No weekend work. No overtime. 4. Salary is decent enough.

read more
  • Salary - Good
  • +3 more

Dislikes

1. Very little appraisal. 2. Management people are full of it. Many micro-manage a lot and dont have any proper technical knowledge. 3. No skill development unless you are in a good BU. Too much operational work - It gets on your nerve.

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Dec 2023

2.0
 for  Salary and Benefits

Likes

...ple work, no higher risks and accountability despite being in Banking Operation. Layers of scrutiny and focus on hugely learning & development of an employee rather than their salary and other payables

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  • Skill development - Good
  • +1 more

Dislikes

...posit any sum deducted during my tenure with RBS at the Employee Provident Fund. The salary rise is very scant. They make you work long hours, no overtime and all. There are many projects happening there, the front level employees have to work but all the credit goes to the Manager or the Team Leader. The working hours are very long, very less breaks. Highly monitored environment. It's like being inside a military dome not in a cubicle. All-in-all, with less pay and less morale, one cannot stand long in this company. This company values perfection, but not employee's life.

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  • Salary - Poor
  • +2 more

Full Time

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Customer Success, Service & Operations Department

4.0
  •  posted on 19 Feb 2025

3.0
 for  Salary and Benefits

Likes

...partments. 3. Work environment and primises are also at very great condition. 4. Salary will always credit at time or before it.

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  • Skill development - Good
  • +4 more

Dislikes

1. I have worked in many departments all are so good but the Portfolio department of the company that have just Indian managers and laeders have extreme work pressure, great retention rate, micromanagement, office politics and the overall work environment is very toxic. 2. Just look for which department you're going to work for. Otherwise, the company is literally awesome.

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Full Time

 · 

Other Department

5.0
  •  posted on 24 Jan 2025

3.0
 for  Salary and Benefits

Likes

Work-life balance is the one thing that I like most in NatWest Group.

  • Skill development - Excellent
  • +5 more

Dislikes

...tly over time, but I feel that my compensation hasn’t been adjusted accordingly. With added tasks and higher expectations, I believe my salary should better reflect the increased workload and contributions I’m making to the team.

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NatWest Group Principal Engineer Salary FAQs

What is the salary of Principal Engineer at NatWest Group in Chennai?
The average salary of a Principal Engineer at NatWest Group in Chennai typically ranges from ₹25.5 Lakhs to ₹46.0 Lakhs per year, depending on experience (from 12 years to 20 years).

The top 10% of Principal Engineer in Chennai at NatWest Group earn more than ₹43.0 Lakhs per year, and the top 1% earn over ₹46.0 Lakhs per year. Principal Engineer Salaries at NatWest Group 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 30+ NatWest Group employees in India.
What is the estimated take home salary of a Principal Engineer at NatWest Group in Chennai?
The estimated take-home salary of a Principal Engineer at NatWest Group in Chennai typically ranges from ₹2,21,795 to ₹2,30,686 per month. This is based on the average salary range of ₹25.5 Lakhs to ₹46.0 Lakhs per year for employees with experience ranging from 12 years to 20 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 30+ salaries received from various employees of NatWest Group. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Principal Engineer at NatWest Group in Chennai?
To be a Principal Engineer at NatWest Group in Chennai, the key skills required include:

  • - Database Design
  • - Agile
  • - Unit Testing
  • - Testing Tools
  • - Automation

These skills are highly valued at NatWest Group and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than NatWest Group for Principal Engineer in India?
Verizon ₹28.1 Lakhs to ₹54.0 Lakhs per year
Standard Chartered ₹30.0 Lakhs to ₹50.0 Lakhs per year

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

Saipem ₹11.0 Lakhs to ₹29.5 Lakhs per year
Jasmin Infotech ₹7.6 Lakhs to ₹20.1 Lakhs per year
VA Tech Wabag ₹7.5 Lakhs to ₹15.3 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 Principal Engineer at NatWest Group in Chennai?
The salary growth for a Principal Engineer at NatWest Group in Chennai depends on factors such as experience, performance, and promotions. On average, a Principal Engineer in Chennai can expect the following growth trajectory at NatWest Group:

Experience Average Salary Range
12 years ₹33.2 Lakhs to ₹42.5 Lakhs per year
13 years ₹33.2 Lakhs to ₹42.4 Lakhs per year
14 years ₹33.2 Lakhs to ₹42.4 Lakhs per year
15 years ₹25.5 Lakhs to ₹46.0 Lakhs per year
and so on.

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NatWest Group Principal Engineer salary in Chennai ranges between ₹25.5 Lakhs to ₹46 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 30 NatWest Group latest salaries received from various employees of NatWest Group.