Reserve Bank of India Application Support Engineer Salaries by 4 Employees

0 - 5 years exp.

₹1.7 Lakh - ₹2.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

63% less than the average Application Support Engineer Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

Engineering - Software & QA Application Support Engineer Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
Customer Success, Service & Operations Application Support Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹1.9 L/yr
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Production, Manufacturing & Engineering Application Support Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr

Last Updated: 19 Apr 2024

Companies similar to Reserve Bank of India for Application Support Engineer

Company name	Avg Annual Salary	Open Jobs
Canara Bank Application Support Engineer Salary 0 - 3 years exp. (47 salaries)	₹1.2 L/yr - ₹4.5 L/yr 57% more
IDFC FIRST Bank Application Support Engineer Salary 1 - 5 years exp. (39 salaries)	₹2 L/yr - ₹5.3 L/yr 110% more
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IndusInd Bank Application Support Engineer Salary 2 - 9 years exp. (27 salaries)	₹3 L/yr - ₹9 L/yr 235% more
Barclays Application Support Engineer Salary 3 - 11 years exp. (27 salaries)	₹8.7 L/yr - ₹25 L/yr 699% more
AU Small Finance Bank Application Support Engineer Salary 1 - 9 years exp. (13 salaries)	₹2 L/yr - ₹9.5 L/yr 191% more
Equitas Small Finance Bank Application Support Engineer Salary 1 - 5 years exp. (11 salaries)	₹1.5 L/yr - ₹4.7 L/yr 74% more
Yes Bank Application Support Engineer Salary 1 - 4 years exp. (11 salaries)	₹3 L/yr - ₹5 L/yr 105% more
Deutsche Bank Application Support Engineer Salary 3 - 10 years exp. (11 salaries)	₹5 L/yr - ₹20 L/yr 517% more
Central Bank of India Application Support Engineer Salary 1 - 3 years exp. (10 salaries)	₹2.4 L/yr - ₹5 L/yr 83% more
Bank of Maharashtra Application Support Engineer Salary 1 - 2 years exp. (7 salaries)	₹2.8 L/yr - ₹3.6 L/yr 89% more
Bank of America Application Support Engineer Salary 2 - 5 years exp. (7 salaries)	₹6.2 L/yr - ₹12 L/yr 355% more
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Union Bank of India Application Support Engineer Salary 0 - 4 years exp. (6 salaries)	₹3.7 L/yr - ₹4.6 L/yr 118% more
Standard Chartered Application Support Engineer Salary 3 - 5 years exp. (5 salaries)	₹4.5 L/yr - ₹7.2 L/yr 235% more
Ujjivan Small Finance Bank Application Support Engineer Salary 1 - 5 years exp. (5 salaries)	₹2.9 L/yr - ₹6 L/yr 119% more
IDBI Bank Application Support Engineer Salary 2 - 9 years exp. (4 salaries)	₹3.2 L/yr - ₹6 L/yr 151% more
Jana Small Finance Bank Application Support Engineer Salary 2 - 4 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 137% more
NatWest Markets Application Support Engineer Salary 4 - 15 years exp. (4 salaries)	₹11 L/yr - ₹22 L/yr 785% more
Federal Bank Application Support Engineer Salary 0 - 2 years exp. (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr 63% more
HSBC Global Banking and Markets Application Support Engineer Salary 0 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹6 L/yr 144% more
Bank of India Application Support Engineer Salary 2 - 3 years exp. (3 salaries)	₹2.9 L/yr - ₹3.7 L/yr 74% more

Application Support Engineer salary at Reserve Bank of India ranges between ₹1.7 Lakh to ₹2.1 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Reserve Bank of India.

Experience wise Reserve Bank of India Application Support Engineer salaries

Last Updated: 19 Apr 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.7 L/yr - ₹1.7 L/yr
1 year (AmbitionBox Estimate)	₹1.7 L/yr - ₹1.8 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
5 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2 L/yr

View all

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Salary related reviews for Reserve Bank of India

5.0

Rated by 1 employees for salary & benefits

Office Assistant in Kanpur

Full Time

Other Department

5.0

• posted on 24 Feb 2024

5.0

for Salary and Benefits

Likes

...at Reserve Bank of India is a huge responsibility, no matter what your position. The Bank offers excellent pay and perks, work life balance and opportunities to grow. It pays for your certifications and encourages you to take part in trainings and upskill continuously. The promotion policies are designed in a manner to ensure fast growth in the hierarchical ladder. The work culture is pretty decent and office timings are strict( the only con) . WFH is not available as it is a government organization but they are working on that too.

Salary - Excellent

+6 more

Dislikes

Nothing. It's a dream come true! Working hours are strict, but then, that is expected from a respected government organization.

Security Officer (grade-A) in Patna

Full Time

Security Services Department

4.0

• posted on 03 Oct 2023

4.0

for Salary and Benefits

Likes

RBI gives you work life balance along with good pay and perks. 5 days week working.

Salary - Good

+3 more

Dislikes

Security officer's job is monotonous as it involves viewing of cctvs and preparing logs for the same ,especially in grade-A. Promotion aspects in security cadre (grade-A) near about nill,as one has to remain in Assistant manager grade for decade or more. Bossism and arrogance are the basic problems in higher grades,as usual. Though it may be used as a launch pad,in job market as RBI is a brand in itself.

Promotions - Bad

+2 more

Deputy General Manager And Deputy Ombudsman in Chandigarh

Full Time

Finance & Accounting Department

5.0

• posted on 10 Mar 2022

5.0

for Salary and Benefits

Likes

What I liked about working in RBI was not only the job security but the salary and perks provided to me during my stay in the bank. It also offered work-life balance and provided exposure to monetary policy formulation and working of different segments of money, g-sec and forex market. It also provided me an opportunity to understand the working of banks and NBFCs.

Salary - Excellent

+6 more

Dislikes

The organization is great. Work culture and people are good. It is a very reputed organization. I have not disliked anything about RBI.

Deputy General Manager in Mumbai

Customer Success, Service & Operations Department

5.0

• posted on 29 Sep 2019

5.0

for Salary and Benefits

Likes

May be one of the best in public sector in work environment, family and work balance, pay & perks, job satisfaction and learning.

Salary - Excellent

+6 more

Dislikes

Very good institution for job security, career growth, salary, learning, work environment, training etc.

AGM, Retd

BFSI, Investments & Trading Department

5.0

• posted on 09 Sep 2017

5.0

for Salary and Benefits

Likes

...s a number of times to learn banking standards and practices followed thereat. The aspects of career growth and compensation are also well looked into and the work life balance found there is not comparable with any other like organization in the banking industry.

Salary - Excellent

+6 more

Dislikes

I enjoyed my job thoroughly. There was no disliking with anything .

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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?

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Reserve Bank of India Application Support Engineer Salary FAQs

What is the salary of Application Support Engineer at Reserve Bank of India ?

The average salary of a Application Support Engineer at Reserve Bank of India in India typically ranges from ₹1.7 Lakhs to ₹2.1 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Application Support Engineer at Reserve Bank of India earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.1 Lakhs per year. Application Support Engineer Salaries at Reserve Bank of India 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 Reserve Bank of India employees in India.

What is the estimated take home salary of a Application Support Engineer at Reserve Bank of India in India?

The estimated take-home salary of a Application Support Engineer at Reserve Bank of India in India typically ranges from ₹12,571 to ₹13,928 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹2.1 Lakhs per year for employees with experience ranging from Fresher to 5 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 Reserve Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Reserve Bank of India for Application Support Engineer in India?

NatWest Markets	₹11.0 Lakhs to ₹22.0 Lakhs per year
Barclays	₹8.7 Lakhs to ₹25.0 Lakhs per year
Deutsche Bank	₹5.0 Lakhs to ₹20.0 Lakhs per year
Bank of America	₹6.2 Lakhs to ₹12.0 Lakhs per year
Standard Chartered	₹4.5 Lakhs to ₹7.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Reserve Bank of India, depending on the role and experience level.

What is the salary of a Application Support Engineer in companies similar to Reserve Bank of India in India?

The salary of a Application Support Engineer at companies similar to Reserve Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank	₹3.0 Lakhs to ₹9.0 Lakhs per year
AU Small Finance Bank	₹2.0 Lakhs to ₹9.5 Lakhs per year
IDBI Bank	₹3.2 Lakhs to ₹6.0 Lakhs per year
HSBC Global Banking and Markets	₹1.5 Lakhs to ₹6.0 Lakhs per year
Jana Small Finance Bank	₹4.0 Lakhs to ₹4.5 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 Application Support Engineer at Reserve Bank of India in India?

The salary growth for a Application Support Engineer at Reserve Bank of India depends on factors such as experience, performance, and promotions. On average, a Application Support Engineer can expect the following growth trajectory at Reserve Bank of India:

Experience	Average Salary Range
Fresher	₹1.7 Lakhs to ₹1.7 Lakhs per year
1 year	₹1.7 Lakhs to ₹1.8 Lakhs per year
2 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
3 years	₹1.7 Lakhs to ₹2.1 Lakhs per year

and so on.

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Reserve Bank of India Application Support Engineer Salaries

Reserve Bank of India Application Support Engineer salary in India ranges between ₹1.7 Lakh to ₹2.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Reserve Bank of India latest salaries received from various employees of Reserve Bank of India.