SBI Cards & Payment Services Senior Underwriter Salaries by 10+ Employees

3 - 9 years exp.

₹3.3 Lakhs - ₹5 Lakhs

Salary of majority employees

Fixed (100%)

₹4 Lakhs

Variable (0%)

₹0.0

47% less than the average Senior Underwriter Salary in Financial Services Companies for 3 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Underwriter Salary 4 - 7 years exp. (7 salaries)	₹3.3 L/yr - ₹4.2 L/yr
Customer Success, Service & Operations Senior Underwriter Salary 6 - 9 years exp. (5 salaries)	₹4.1 L/yr - ₹5 L/yr
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Data Science & Analytics Senior Underwriter Salary 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.2 L/yr

Last Updated: 8 Dec 2024

Companies similar to SBI Cards & Payment Services for Senior Underwriter

Company name	Avg Annual Salary	Open Jobs
Ocwen Financial Solutions Senior Underwriter Salary 6 - 9 years exp. (21 salaries)	₹4.7 L/yr - ₹8.7 L/yr 78% more
Synchrony Senior Underwriter Salary 2 - 15 years exp. (7 salaries)	₹4.6 L/yr - ₹5.5 L/yr 24% more
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Wipro Senior Underwriter Salary 3 - 9 years exp. (141 salaries)	₹3.5 L/yr - ₹10 L/yr 71% more
SitusAMC Senior Underwriter Salary 6 - 15 years exp. (135 salaries)	₹5 L/yr - ₹15 L/yr 142% more
Firstsource Solutions Senior Underwriter Salary 3 - 10 years exp. (84 salaries)	₹3.2 L/yr - ₹12 L/yr 68% more

Senior Underwriter salary at SBI Cards & Payment Services ranges between ₹3.3 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 19 latest salaries received from various employees of SBI Cards & Payment Services.

Experience wise SBI Cards & Payment Services Senior Underwriter salaries

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
3 years (3 salaries)	₹3.6 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr
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5 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.2 L/yr
6 years (5 salaries)	₹3.3 L/yr - ₹4.2 L/yr
7 years (5 salaries)	₹3.5 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
9 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5 L/yr

View all

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Salary related reviews for SBI Cards & Payment Services

2.0

Rated by 2 employees for salary & benefits

Customer Care Executive in Indore

Customer Success, Service & Operations Department

4.0

• posted on 30 Jan 2022

3.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year. Are I

Skill development - Good

+4 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 year before which you cannot resign. On the job traning is given to new joinees.

Back Office Executive in Vellore

Other Department

5.0

• posted on 30 Dec 2021

1.0

for Salary and Benefits

Likes

I'm happy to enjoy to this company..good work environment.manager are full supportive..I learn lot's this carrier.Thankyou.

Skill development - Good

+3 more

Dislikes

Company policies are not good..and no salary hike and no bonuses.. I'm 2years experience on SBI CARDS. Still same salary..

Salary - Bad

+1 more

Back Office Executive in Gurgaon / Gurugram

Customer Success, Service & Operations Department

5.0

• posted on 20 Mar 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+5 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow.

Customer Service Associate in Chenaie

Sales & Business Development Department

5.0

• posted on 07 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Team Lead in Jabalpur

Finance & Accounting Department

5.0

• posted on 20 Jul 2019

1.0

for Salary and Benefits

Likes

I do not feel like a job secured in this company because it is a third party pay roll pay. I have to go to the roll

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals’ unique strengths, which is why I have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals. Also, there is no on-job training for freshers, hence senior folks like me have to guide them step-by-step, which is a pain sometimes.

Salary - Bad

+5 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Cards & Payment Services Senior Underwriter Salary FAQs

What is the salary of Senior Underwriter at SBI Cards & Payment Services ?

The average salary of a Senior Underwriter at SBI Cards & Payment Services in India typically ranges from ₹3.3 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 9 years).

The top 10% of Senior Underwriter at SBI Cards & Payment Services earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Senior Underwriter Salaries at SBI Cards & Payment Services 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 10+ SBI Cards & Payment Services employees in India.

What is the estimated take home salary of a Senior Underwriter at SBI Cards & Payment Services in India?

The estimated take-home salary of a Senior Underwriter at SBI Cards & Payment Services in India typically ranges from ₹29,857 to ₹31,173 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 9 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 10+ salaries received from various employees of SBI Cards & Payment Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Cards & Payment Services for Senior Underwriter in India?

SitusAMC	₹5.0 Lakhs to ₹15.0 Lakhs per year
Ocwen Financial Solutions	₹4.7 Lakhs to ₹8.7 Lakhs per year
Wipro	₹3.5 Lakhs to ₹10.0 Lakhs per year
Firstsource Solutions	₹3.2 Lakhs to ₹12.0 Lakhs per year
Synchrony	₹4.6 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Cards & Payment Services, depending on the role and experience level.

How the salary growth look like for a Senior Underwriter at SBI Cards & Payment Services in India?

The salary growth for a Senior Underwriter at SBI Cards & Payment Services depends on factors such as experience, performance, and promotions. On average, a Senior Underwriter can expect the following growth trajectory at SBI Cards & Payment Services:

Experience	Average Salary Range
3 years	₹3.6 Lakhs to ₹4.0 Lakhs per year
4 years	₹3.3 Lakhs to ₹4.0 Lakhs per year
5 years	₹1.6 Lakhs to ₹4.2 Lakhs per year
6 years	₹3.3 Lakhs to ₹4.2 Lakhs per year

and so on.

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SBI Cards & Payment Services Senior Underwriter Salaries

SBI Cards & Payment Services Senior Underwriter salary in India ranges between ₹3.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 SBI Cards & Payment Services latest salaries received from various employees of SBI Cards & Payment Services.