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PhonePe Software Development Engineer II salaries in India (Updated 2025)

Annual salary range
2 - 10 years exp.
₹16 Lakhs - ₹42 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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7% more than the average Software Development Engineer II Salary in FinTech Companies for 2 - 10 years of experience

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Last Updated: 30 Jan 2025

Companies similar to PhonePe for Software Development Engineer II

Company name Avg Annual Salary Open Jobs
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₹9.2 L/yr - ₹25.2 L/yr

arrow icon 33% less
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₹16.7 L/yr - ₹32.4 L/yr

arrow icon 7% less
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₹15 L/yr - ₹52 L/yr

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₹8 L/yr - ₹34.4 L/yr

arrow icon 31% less
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Fiserv Software Development Engineer II Salary

4 - 11 years exp. (28 salaries)

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₹8.8 L/yr - ₹37 L/yr

arrow icon 28% less
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₹28 L/yr - ₹49 L/yr

arrow icon 25% more
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ACKO Software Development Engineer II Salary

2 - 6 years exp. (16 salaries)

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₹28.5 L/yr - ₹40 L/yr

arrow icon 23% more
1 job opening
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₹13.1 L/yr - ₹30.7 L/yr

arrow icon 39% less
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Slice Software Development Engineer II Salary

2 - 7 years exp. (11 salaries)

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₹30 L/yr - ₹44 L/yr

arrow icon 29% more
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Paytm Software Development Engineer II Salary

2 - 8 years exp. (11 salaries)

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₹14.1 L/yr - ₹40 L/yr

arrow icon 1% less
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₹22 L/yr - ₹35 L/yr

arrow icon 7% less
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₹11.3 L/yr - ₹20 L/yr

arrow icon 49% less
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₹22 L/yr - ₹29.3 L/yr

arrow icon 12% less
Software Development Engineer II salary at PhonePe ranges between ₹16 Lakhs to ₹42 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 7 latest salaries received from various employees of PhonePe.

Latest annual salaries shared by PhonePe Software Development Engineer II

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6 years exp.
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10 years exp.
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4 years exp.
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3 years exp.
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4 years exp.

Experience wise PhonePe Software Development Engineer II salaries

Last Updated: 30 Jan 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹30 L/yr
3 years (AmbitionBox Estimate)

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₹8.9 L/yr - ₹26 L/yr
4 years (AmbitionBox Estimate)

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₹24.3 L/yr - ₹44.7 L/yr
5 years (AmbitionBox Estimate)

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₹24.7 L/yr - ₹31.6 L/yr
6 years (AmbitionBox Estimate)

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₹30 L/yr - ₹54.2 L/yr
View all

Similar Designation salaries in PhonePe

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₹12 L/yr - ₹38 L/yr
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₹22.2 L/yr - ₹42.5 L/yr
Software Engineer Salary
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₹12.08 L/yr - ₹16.01 L/yr
Project Engineer Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr
System Engineer Salary
(12 salaries)
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₹4.5 L/yr - ₹14.73 L/yr
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₹12 L/yr - ₹40 L/yr
Associate Software Engineer Salary
(AmbitionBox Estimate)
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₹35.6 L/yr - ₹45.4 L/yr
Lead Software Engineer Salary
(AmbitionBox Estimate)
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₹40.4 L/yr - ₹51.6 L/yr

Salary related reviews for PhonePe

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 28 Jul 2024

4.0
 for  Salary and Benefits

Likes

1. Good salary, decent benefits. 2. Impactful work at scale, recognition - good learning on business logic.

read more
  • Salary - Good
  • +1 more

Dislikes

1. Appreciation culture is lacking. 2. Personal growth curve unclear due to lack of enough roles.

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 14 Aug 2024

3.0
 for  Salary and Benefits

Likes

The lunch is provided. The half yearly outings were good earlier.

  • Job security - Good

Dislikes

Cab costs 1500 deduction from salary, you won't grow or learn anything useful but it's a window dressing that they do is what they like to show. Too much of favouritism and biasness. Career Path Projects are a trap. Affairs inside the office and terrible moulding of bau of their people making exceptional cases. All manipulation and show off in LGBTQ community though giving none importance to mental health and even physical be it even pregnancy. Birthday leave, marriage leave, mourning leaves etc are not there anymore.

read more
  • Skill development - Poor
  • +1 more

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 08 Mar 2024

3.0
 for  Salary and Benefits

Likes

The guide lines of company are very clear and honest for everyone and I enjoyed the work in the starting days

  • Skill development - Good
  • +3 more

Dislikes

After few months it's getting taste like bitter, too much of targets and pressure and salary hikes, management changed there whole working system with some mass selling

read more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 14 Feb 2025

5.0
 for  Salary and Benefits

Likes

In a initial stage company is good, good package giving.

  • Salary - Excellent

Dislikes

Company politics destroy your career, East delhi state head like shahid khan ZSM & HR all involve to safe his job. They hired TSM for 6 month then give him notice period then after forcefully resigned. Don't enter in this company there management is really destory your CV.

read more
  • Job security - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 19 Jun 2024

2.0
 for  Salary and Benefits

Likes

There is a target based salary,and if you achieved target you will get basic salary but don't expect you will get incentive , manager gives you a lot of pressure ...and always saying u resign if u would not achieve your target ... , the company's clear funda ..

read more

Dislikes

All the things is bad......if you are complaint for your manager behaviour HR don't here your opinion ......

  • Salary - Poor
  • +5 more
see more salary related reviews

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PhonePe Software Development Engineer II Salary FAQs

What is the salary of Software Development Engineer II at PhonePe ?
The average salary of a Software Development Engineer II at PhonePe in India typically ranges from ₹16.0 Lakhs to ₹42.0 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Software Development Engineer II at PhonePe earn more than ₹39.6 Lakhs per year, and the top 1% earn over ₹42.0 Lakhs per year. Software Development Engineer II Salaries at PhonePe 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 7 PhonePe employees in India.
What is the estimated take home salary of a Software Development Engineer II at PhonePe in India?
The estimated take-home salary of a Software Development Engineer II at PhonePe in India typically ranges from ₹1,78,538 to ₹1,85,474 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹42.0 Lakhs per year for employees with experience ranging from 2 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 7 salaries received from various employees of PhonePe. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than PhonePe for Software Development Engineer II in India?
Slice ₹30.0 Lakhs to ₹44.0 Lakhs per year
Navi Technologies ₹28.0 Lakhs to ₹49.0 Lakhs per year
ACKO ₹28.5 Lakhs to ₹40.0 Lakhs per year
Angel One ₹15.0 Lakhs to ₹52.0 Lakhs per year

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

Paytm ₹14.1 Lakhs to ₹40.0 Lakhs per year
Rupeek ₹22.0 Lakhs to ₹35.0 Lakhs per year
PayPal ₹16.7 Lakhs to ₹32.4 Lakhs per year
Tide - Business Management Platform ₹22.0 Lakhs to ₹29.3 Lakhs per year
Fiserv ₹8.8 Lakhs to ₹37.0 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 Development Engineer II at PhonePe in India?
The salary growth for a Software Development Engineer II at PhonePe depends on factors such as experience, performance, and promotions. On average, a Software Development Engineer II can expect the following growth trajectory at PhonePe:

Experience Average Salary Range
2 years ₹7.8 Lakhs to ₹30.0 Lakhs per year
3 years ₹8.9 Lakhs to ₹26.0 Lakhs per year
4 years ₹24.3 Lakhs to ₹44.7 Lakhs per year
5 years ₹24.7 Lakhs to ₹31.6 Lakhs per year
and so on.

Tell us how to improve this page.

PhonePe Software Development Engineer II salary in India ranges between ₹16 Lakhs to ₹42 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 PhonePe latest salaries received from various employees of PhonePe.