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NatWest Group Senior Underwriter salaries in India

Annual salary range
6 - 10 years exp.
₹4.2 Lakhs - ₹7.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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25% less than the average Senior Underwriter Salary in Banking Companies for 6 - 10 years of experience

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Salaries in different departments

Data Science & Analytics
Senior Underwriter Salary
7 - 10 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹7 L/yr

BFSI, Investments & Trading
Senior Underwriter Salary
6 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.6 L/yr

Last Updated: 5 Aug 2023

Companies similar to NatWest Group for Senior Underwriter

Company name Avg Annual Salary Open Jobs
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HSBC Group Senior Underwriter Salary

3 - 11 years exp. (3 salaries)

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₹7.5 L/yr - ₹29 L/yr

arrow icon 162% more
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Wells Fargo Senior Underwriter Salary

3 - 12 years exp. (18 salaries)

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₹5 L/yr - ₹22 L/yr

arrow icon 116% more
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Barclays Senior Underwriter Salary

1 - 11 years exp. (16 salaries)

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₹3.8 L/yr - ₹8 L/yr

arrow icon 2% more
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HDFC Bank Senior Underwriter Salary

11 - 17 years exp. (4 salaries)

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₹12 L/yr - ₹45 L/yr

arrow icon 438% more
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ANZ Banking Group Senior Underwriter Salary

8 - 12 years exp. (4 salaries)

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₹6 L/yr - ₹14 L/yr

arrow icon 68% more
Senior Underwriter salary at NatWest Group ranges between ₹4.2 Lakhs to ₹7.5 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of NatWest Group.

Latest annual salaries shared by NatWest Group Senior Underwriter

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10 years exp.
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10 years exp.
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6 years exp.
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7 years exp.

Experience wise NatWest Group Senior Underwriter salaries

Last Updated: 5 Aug 2023

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5.1 L/yr
7 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹9.1 L/yr
8 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
9 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹7.3 L/yr
10 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹7.5 L/yr

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(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.3 L/yr
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₹5.25 L/yr - ₹15.54 L/yr
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₹2.5 L/yr - ₹9.39 L/yr
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(8 salaries)
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₹5.05 L/yr - ₹8.15 L/yr
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₹6.5 L/yr - ₹18.1 L/yr
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(97 salaries)
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₹5.2 L/yr - ₹16.42 L/yr
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(217 salaries)
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₹4.59 L/yr - ₹18 L/yr
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(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

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

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 27 Dec 2023

4.0
 for  Salary and Benefits

Likes

The environment is very friendly and it's very accommodating especially for women. There is good work life.

  • Salary - Good
  • +6 more

Dislikes

The pay and hike is a bit low compared to the market for certain units. And it only offers one way cab.

read more

Full Time

 · 

Project & Program Management Department

4.0
  •  posted on 25 Oct 2023

3.0
 for  Salary and Benefits

Likes

-> Pleasant work life balance -> Lots of learning opportunities -> Provides good number of leaves.

  • Work-life balance - Good

Dislikes

-> Lack of opportunity of advancement, low bonus. -> NatWest technology India is a company with strong culture of Hierarchy, which can be seen in the way teams are structured and managed. This leads to a sense of distance between managers and employees and makes it difficult for employees to feel comfortable speaking up or sharing their ideas. -> There have been reports of racist treatment from managers of southern India towards their collogues from northern India, particularly in technology teams based in Bangalore and Chennai. This creates hostile work environment. -> While HR claims to be committed to gender equality and providing opportunities for employees to speak up, whistle blowers are reported being targeted or sidelined. This shows real gap between HR policy and practice, and that employees may not feel comfortable reporting misconduct or discrimination.

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  • Promotions - Poor

Full Time

 · 

Risk Management & Compliance Department

5.0
  •  posted on 12 Apr 2023

3.0
 for  Salary and Benefits

Likes

Culture in Risk team is great. Good work life balance, management looks to ensure job security to employees and take care to organise knowledge sessions centrally.

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Salary and benefits below or just average compared to industry standards.

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Full Time

 · 

FCO Department

4.0
  •  posted on 12 Aug 2022

1.0
 for  Salary and Benefits

Likes

natwest is a great company for freshers, you can get a lot to learn here, people are really nice and genuine, managers and PLs are also really helpful. One can expect a good time in this company. Lots of learning and training sessions. Good infrastructure.

read more
  • Skill development - Excellent
  • +4 more

Dislikes

the only thing that i dislike about natwest is they pay very less. no matter how good you are they only pay the standard amount of appraisal, which is quite disheartening. Politics is there, you can't mess up with the higher management if you want to grow within the company.

read more
  • Salary - Bad
  • +1 more
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NatWest Group Senior Underwriter Salary FAQs

What is the salary of Senior Underwriter at NatWest Group ?
The average salary of a Senior Underwriter at NatWest Group in India typically ranges from ₹4.2 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 6 years to 10 years).

The top 10% of Senior Underwriter at NatWest Group earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Senior Underwriter 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 4 NatWest Group employees in India.
What is the estimated take home salary of a Senior Underwriter at NatWest Group in India?
The estimated take-home salary of a Senior Underwriter at NatWest Group in India typically ranges from ₹42,958 to ₹44,079 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 6 years 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 4 salaries received from various employees of NatWest Group. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than NatWest Group for Senior Underwriter in India?
HDFC Bank ₹12.0 Lakhs to ₹45.0 Lakhs per year
HSBC Group ₹7.5 Lakhs to ₹29.0 Lakhs per year
Wells Fargo ₹5.0 Lakhs to ₹22.0 Lakhs per year
ANZ Banking Group ₹6.0 Lakhs to ₹14.0 Lakhs per year
Barclays ₹3.8 Lakhs to ₹8.0 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.
How the salary growth look like for a Senior Underwriter at NatWest Group in India?
The salary growth for a Senior Underwriter at NatWest Group depends on factors such as experience, performance, and promotions. On average, a Senior Underwriter can expect the following growth trajectory at NatWest Group:

Experience Average Salary Range
6 years ₹1.8 Lakhs to ₹5.1 Lakhs per year
7 years ₹4.2 Lakhs to ₹9.1 Lakhs per year
8 years ₹5.1 Lakhs to ₹6.5 Lakhs per year
9 years ₹5.7 Lakhs to ₹7.3 Lakhs per year
and so on.

Tell us how to improve this page.

NatWest Group Senior Underwriter salary in India ranges between ₹4.2 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 NatWest Group latest salaries received from various employees of NatWest Group.