PhonePe Software Development Engineer II Salaries by 7 Employees (Updated 2025)

2 - 10 years exp.

₹16 Lakhs - ₹42 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

7% more than the average Software Development Engineer II Salary in FinTech Companies for 2 - 10 years of experience

Interested in this particular role?

Last Updated: 30 Jan 2025

Companies similar to PhonePe for Software Development Engineer II

Company name	Avg Annual Salary	Open Jobs
MasterCard Software Development Engineer II Salary 3 - 7 years exp. (130 salaries)	₹9 L/yr - ₹28 L/yr 32% less
PayPal Software Development Engineer II Salary 2 - 6 years exp. (72 salaries)	₹16.7 L/yr - ₹32.4 L/yr 14% less
Login to view exact salary
Angel One Software Development Engineer II Salary 2 - 7 years exp. (37 salaries)	₹15 L/yr - ₹52 L/yr 5% more
M2P Fintech Software Development Engineer II Salary 2 - 6 years exp. (35 salaries)	₹9.5 L/yr - ₹32 L/yr 26% less
Fiserv Software Development Engineer II Salary 4 - 11 years exp. (31 salaries)	₹9.3 L/yr - ₹37 L/yr 27% less
Navi Technologies Software Development Engineer II Salary 2 - 5 years exp. (21 salaries)	₹28 L/yr - ₹49 L/yr 25% more
ACKO Software Development Engineer II Salary 2 - 7 years exp. (17 salaries)	₹28.5 L/yr - ₹40 L/yr 23% more	1 job opening
Razorpay Software Development Engineer II Salary 2 - 5 years exp. (11 salaries)	₹13.1 L/yr - ₹30.7 L/yr 39% less
Slice Software Development Engineer II Salary 2 - 7 years exp. (12 salaries)	₹30 L/yr - ₹45 L/yr 32% more
Paytm Software Development Engineer II Salary 2 - 8 years exp. (11 salaries)	₹14.1 L/yr - ₹40 L/yr 1% less
Rupeek Software Development Engineer II Salary 2 - 5 years exp. (9 salaries)	₹22 L/yr - ₹35 L/yr 7% less
Login to view exact salary
HighRadius Software Development Engineer II Salary 1 - 5 years exp. (14 salaries)	₹11.3 L/yr - ₹17 L/yr 56% less
Tide - Business Management Platform Software Development Engineer II Salary 2 - 6 years exp. (4 salaries)	₹22 L/yr - ₹26.1 L/yr 17% 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.

Experience wise PhonePe Software Development Engineer II salaries

Last Updated: 30 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹30 L/yr
3 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹26 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹24.3 L/yr - ₹44.7 L/yr
5 years (AmbitionBox Estimate)	₹24.7 L/yr - ₹31.6 L/yr
6 years (AmbitionBox Estimate)	₹30 L/yr - ₹54.2 L/yr
7 years (AmbitionBox Estimate)	₹29.5 L/yr - ₹37.7 L/yr
8 years (AmbitionBox Estimate)	₹31.8 L/yr - ₹40.7 L/yr
9 years (AmbitionBox Estimate)	₹34.2 L/yr - ₹43.7 L/yr
10 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹42 L/yr

View all

Similar Designation salaries in PhonePe

Software Development Engineer Salary

(16 salaries)

₹12 L/yr - ₹38 L/yr

Software Developer Salary

(80 salaries)

₹24.72 L/yr - ₹63.5 L/yr

Software Engineer Salary

(335 salaries)

₹14.8 L/yr - ₹50 L/yr

Senior Software Engineer Salary

(51 salaries)

₹27.96 L/yr - ₹60 L/yr

Devops Engineer Salary

(6 salaries)

₹12.08 L/yr - ₹16.01 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

System Engineer Salary

(12 salaries)

₹4.5 L/yr - ₹14.73 L/yr

Senior Engineer Salary

(5 salaries)

₹12 L/yr - ₹40 L/yr

Associate Software Engineer Salary

(AmbitionBox Estimate)

₹35.6 L/yr - ₹45.4 L/yr

Lead Software Engineer Salary

(AmbitionBox Estimate)

₹40.4 L/yr - ₹51.6 L/yr

Salary related reviews for PhonePe

Software Engineer in Bangalore / Bengaluru

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.

Salary - Good

+1 more

Dislikes

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

Relationship Premium Accounts Manager in Nagpur

Full Time

Marketing & Communication Department

1.0

• posted on 13 Mar 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

They show you their message or job post with the maximum Salary of 4.5 LPA and the HR starts offering you from 1.8LPA and last she offers to the 5 years sales experienced guy is 2.5LPA and for freshers she only gives 1.2LPA to 1.8 LPA

Salary - Bad

+6 more

Senior Territory Sales Manager in New Delhi

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.

Job security - Poor

+2 more

Sales Executive in Lucknow

Full Time

Sales & Business Development Department

5.0

• posted on 05 Mar 2025

1.0

for Salary and Benefits

Likes

Yes

Skill development - Excellent

+2 more

Dislikes

No good job salary kam dete hai full time me 21000₹ batate or dete 12000₹ or full duty karo tm ya hall hai tel ka bataya tha vah bhi company nhi diya hai or leave lete nhi leave dikhaya jata hai salary com aye yah dasa hai company ko

Salary - Bad

Business Development Associate in New Delhi

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 ..

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

Got a question about PhonePe?

Ask anonymously on communities.

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 ₹45.0 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 ₹26.1 Lakhs per year
M2P Fintech	₹9.5 Lakhs to ₹32.0 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.

Home >
Salaries >
PhonePe Salaries >
PhonePe Software Development Engineer II Salaries

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