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SBI Cards & Payment Services Underwriter salaries in India (Updated 2025)

Annual salary range
2 - 8 years exp.
₹2 Lakhs - ₹6.2 Lakhs
Salary of majority employees
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31% less than the average Underwriter Salary in Financial Services Companies for 2 - 8 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Underwriter Salary
2 - 6 years exp. (9 salaries)
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₹2.8 L/yr - ₹4.1 L/yr

Customer Success, Service & Operations
Underwriter Salary
2 - 6 years exp. (9 salaries)
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₹2 L/yr - ₹4.5 L/yr

Last Updated: 5 Mar 2025

Companies similar to SBI Cards & Payment Services for Underwriter

Company name Avg Annual Salary Open Jobs
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Ocwen Financial Solutions Underwriter Salary

1 - 11 years exp. (16 salaries)

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₹2.3 L/yr - ₹7.1 L/yr

arrow icon 39% more
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Mr Cooper Underwriter Salary

0 - 11 years exp. (5 salaries)

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₹2.5 L/yr - ₹7.5 L/yr

arrow icon 48% more
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Pine Labs Underwriter Salary

1 - 5 years exp. (4 salaries)

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₹3.5 L/yr - ₹4 L/yr

arrow icon 1% more
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SitusAMC Underwriter Salary

3 - 12 years exp. (376 salaries)

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₹4.3 L/yr - ₹10.6 L/yr

arrow icon 103% more
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VERITY GLOBAL SOLUTIONS Underwriter Salary

1 - 9 years exp. (84 salaries)

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₹3.1 L/yr - ₹9.3 L/yr

arrow icon 57% more
Underwriter salary at SBI Cards & Payment Services ranges between ₹2 Lakhs to ₹6.2 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 30 latest salaries received from various employees of SBI Cards & Payment Services.

Latest annual salaries shared by SBI Cards & Payment Services Underwriter

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Experience wise SBI Cards & Payment Services Underwriter salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
2 years  (8 salaries)

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₹2 L/yr - ₹4.1 L/yr
3 years  (5 salaries)

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₹2.8 L/yr - ₹3.5 L/yr
4 years  (8 salaries)

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₹2.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹5.5 L/yr
6 years  (4 salaries)

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₹3 L/yr - ₹4.1 L/yr
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Similar Designation salaries in SBI Cards & Payment Services

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₹3.3 L/yr - ₹5 L/yr
Analyst Salary
(20 salaries)
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₹2 L/yr - ₹4.1 L/yr
Underwriting Manager Salary
(AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.6 L/yr
Team Lead Salary
(522 salaries)
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₹1.7 L/yr - ₹5.8 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹19.4 L/yr - ₹24.7 L/yr
Credit Manager Salary
(7 salaries)
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₹3 L/yr - ₹10 L/yr
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₹3.1 L/yr - ₹6 L/yr
Senior Analyst Salary
(30 salaries)
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₹3.2 L/yr - ₹6.9 L/yr
Deputy Manager Salary
(21 salaries)
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₹2.75 L/yr - ₹10.5 L/yr
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₹5 L/yr - ₹10 L/yr

Top skills at SBI Cards & Payment Services for Underwriter

Underwriting Finance Analytical skills Computer Proficiency MS Outlook MS Office Finance Medical Underwriting Analytical Skills Monitoring MS Office Process design Operations Team Management Credit Operations

Salary related reviews for SBI Cards & Payment Services

2.5

Rated by 8 employees for salary & benefits

Strategic & Top Management Department

3.0
  •  posted on 02 Nov 2020

4.0
 for  Salary and Benefits

Likes

Salary structure, bonus.

  • Salary - Good

Dislikes

Poor and bureaucratic Work Culture. No work life balance. Non existent processes and work ethics. No induction trainings. Work deliverables and timelines gets changed on the whims of leadership. Entire critical workload is outsourced to third parties for each business function including HR.

read more
  • Skill development - Poor
  • +4 more

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

read more

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.

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 16 Mar 2025

2.0
 for  Salary and Benefits

Likes

Working with sbi card is helpful to developing skills and knowledge about marketing ,sales and nature of custmors.

  • Skill development - Excellent
  • +1 more

Dislikes

Less salary as comparing ti work timing and targets. And have no opporturenities of pramotins.

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  • Salary - Poor
  • +1 more

Full Time

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Other Department

1.0
  •  posted on 16 Dec 2024

1.0
 for  Salary and Benefits

Likes

I DONT LIKE ANYTHING

Dislikes

Very very bad experience too pressure ATM DOESN'T have brain If ask leave will scold vulger language They do not have manners and emotions They will increase salary but not increment amount will not credit in bank if ask no one will give response . ATM is A fool ,not have minimum Excel knowledge ,not have good communication skills Hello recruited 2 Trainer both are not have skills but hit awards I dint know how they are given judgment Just simply foolish management

read more
  • Salary - Bad
  • +6 more

Full Time

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Sales & Business Development Department

3.0
  •  posted on 17 Aug 2024

3.0
 for  Salary and Benefits

Likes

Only Work Timing & Ontime salary only good.

  • Work-life balance - Good

Dislikes

If you aren't sale a credit card daily basis. Your BRM always warn you I will terminate from job. Day 1 itself sales is started. If you new joinee you can learn about product not quick. but BRM is horrible on you while your not sale a card. Job security for this job less. You aren't sale you will terminate anytime that 1 month or 2 month or 10 days..

read more
  • Job security - Bad
  • +3 more
see more salary related reviews

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SBI Cards & Payment Services Underwriter Salary FAQs

What is the salary of Underwriter at SBI Cards & Payment Services ?
The average salary of a Underwriter at SBI Cards & Payment Services in India typically ranges from ₹2.0 Lakhs to ₹6.2 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Underwriter at SBI Cards & Payment Services earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. 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 30+ SBI Cards & Payment Services employees in India.
What is the estimated take home salary of a Underwriter at SBI Cards & Payment Services in India?
The estimated take-home salary of a Underwriter at SBI Cards & Payment Services in India typically ranges from ₹27,260 to ₹28,665 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from 2 years to 8 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 30+ salaries received from various employees of SBI Cards & Payment Services. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Underwriter at SBI Cards & Payment Services ?
To be a Underwriter at SBI Cards & Payment Services in india, the key skills required include:

  • - Underwriting
  • - Finance
  • - Analytical skills
  • - Computer Proficiency
  • - MS Outlook

These skills are highly valued at SBI Cards & Payment Services and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Cards & Payment Services for Underwriter in India?
SitusAMC ₹4.3 Lakhs to ₹10.6 Lakhs per year
VERITY GLOBAL SOLUTIONS ₹3.1 Lakhs to ₹9.3 Lakhs per year
Mr Cooper ₹2.5 Lakhs to ₹7.5 Lakhs per year
Ocwen Financial Solutions ₹2.3 Lakhs to ₹7.1 Lakhs per year
Pine Labs ₹3.5 Lakhs to ₹4.0 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 Underwriter at SBI Cards & Payment Services in India?
The salary growth for a Underwriter at SBI Cards & Payment Services depends on factors such as experience, performance, and promotions. On average, a Underwriter can expect the following growth trajectory at SBI Cards & Payment Services:

Experience Average Salary Range
2 years ₹2.0 Lakhs to ₹4.1 Lakhs per year
3 years ₹2.8 Lakhs to ₹3.5 Lakhs per year
4 years ₹2.5 Lakhs to ₹4.5 Lakhs per year
5 years ₹1.5 Lakhs to ₹5.5 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Cards & Payment Services Underwriter salary in India ranges between ₹2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 30 SBI Cards & Payment Services latest salaries received from various employees of SBI Cards & Payment Services.