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SBI Payment Services Salaries in Mumbai (Updated 2025)

based on 227 latest salaries
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Designation Avg Annual Salary Open Jobs
3 - 9 years exp. · Mumbai (9 salaries)
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₹2.2 L/yr - ₹4.9 L/yr

2 - 8 years exp. · Mumbai (9 salaries)
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₹6 L/yr - ₹8.9 L/yr

1 job opening
2 - 6 years exp. · Mumbai (5 salaries)
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₹4 L/yr - ₹5.5 L/yr

2 - 8 years exp. · Mumbai (5 salaries)
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₹3 L/yr - ₹3.6 L/yr

Starting your career? Discover SBI Payment Services fresher salaries in India
9 - 13 years exp. · Mumbai (4 salaries)
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₹6.2 L/yr - ₹12 L/yr

1 job opening
7 - 10 years exp. · Mumbai (4 salaries)
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₹5.2 L/yr - ₹5.5 L/yr

6 - 8 years exp. · Mumbai (4 salaries)
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₹5 L/yr - ₹5.2 L/yr

2 - 8 years exp. · Mumbai (4 salaries)
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₹2.2 L/yr - ₹4.6 L/yr

1 - 3 years exp. · Mumbai (4 salaries)
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₹5 L/yr - ₹5.6 L/yr

0 - 3 years exp. · Mumbai (4 salaries)
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₹5 L/yr - ₹5.6 L/yr

2 - 4 years exp. · Mumbai (3 salaries)
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₹2.5 L/yr - ₹3 L/yr

3 years exp. · Mumbai (3 salaries)
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₹5 L/yr - ₹7.1 L/yr

8 - 10 years exp. · Mumbai (3 salaries)
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₹5.9 L/yr - ₹9 L/yr

5 - 10 years exp. · Mumbai (3 salaries)
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₹4.5 L/yr - ₹5 L/yr

21 - 23 years exp. · Mumbai (3 salaries)
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₹38 L/yr - ₹44 L/yr

11 - 15 years exp. · Mumbai (3 salaries)
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₹9.3 L/yr - ₹11.9 L/yr

5 - 6 years exp. · Mumbai (3 salaries)
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₹9 L/yr - ₹10.2 L/yr

15 - 17 years exp. · Mumbai (3 salaries)
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₹27.6 L/yr - ₹35.3 L/yr

3 - 5 years exp. · Mumbai (3 salaries)
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₹4.5 L/yr - ₹5.5 L/yr

0 - 4 years exp. · Mumbai (3 salaries)
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₹6 L/yr - ₹8.1 L/yr

Last Updated: 21 Mar, 2025

Salary related reviews for SBI Payment Services

3.5

Rated by 26 employees for salary & benefits

Full Time

 · 

Management Information System Department

5.0
  •  posted on 30 Mar 2022

3.0
 for  Salary and Benefits

Likes

SBI payment is big and reputable brand and balance personal and professional life new experience joiner get awesome package as per market standard. Otherwise many changes happening here once you join u feel a confort and job security Main advantage

read more
  • Job security - Excellent
  • +2 more

Dislikes

Growth not happening career opportunities less

  • Skill development - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 11 Jul 2023

2.0
 for  Salary and Benefits
  • Job security - Excellent
  • +1 more

Dislikes

If you are getting a handsome package go ahead and join if you want to sit and let your work run on others pace its the organization for you. You font have freedom to deal your market segment categories. You cant take business calls on your own. You cant promise any commitment to any of your merchant segment. Service is really extraordinary and because of it you will have a lovely market experience from merchants.

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  • Salary - Poor
  • +4 more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 04 Nov 2019

3.0
 for  Salary and Benefits

Likes

i feel so lucky that i am a part of a team.

  • Skill development - Excellent
  • +2 more

Dislikes

... for me . because i belong to jalandhar and i appointed in zira distt ferozepur. so my expensive is more than my salary of month. salary is not increased from joining date which is pain always.

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Complain Department

5.0
  •  posted on 01 Nov 2019

5.0
 for  Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high-quality products and has a global client base. As a result, I get to travel abroad, especially to the US and Canada. But on-site travel is completely dependent on your project and client’s location. Mine is a US based client and they have some offices in Toronto, hence I got a B1 visa quickly. Another plus point is that my colleagues come from various cultural backgrounds, and we work happily in collaboration. I also like the employee re-hire policy here.

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  • Salary - Excellent
  • +6 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.

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Marketing Department

3.0
  •  posted on 25 Mar 2018

2.0
 for  Salary and Benefits

Likes

Job security and work lifebalance is the big factor which is keeping its employees attached to this organisation.

  • Job security - Excellent
  • +1 more

Dislikes

...ntrol which makes employees confused whom to report. Typical "Yes Boss" company. No incentive and delay in salary credit is regularly problem. HR policy will be major contributor if this company fails.

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  • Salary - Poor
  • +2 more
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SBI Payment Services Salary FAQs

How much does SBI Payment Services pay to its employees?
The average annual salary at SBI Payment Services varies depending on the role, experience, and location. The salary ranges for some popular designations at SBI Payment Services, are as follows:

MIS Executive ₹2.2 Lakhs to ₹4.9 Lakhs per year
Deputy Manager ₹6 Lakhs to ₹8.9 Lakhs per year
Assistant Manager Operations ₹4 Lakhs to ₹5.5 Lakhs per year
HR Executive ₹3 Lakhs to ₹3.6 Lakhs per year

The highest-paying role, Circle Sales Head, earns between ₹8 Lakhs to ₹22.1 Lakhs per year. The top 10% of employees earn more than ₹10.9 Lakhs per year, and the top 1% earn over ₹33 Lakhs per year. Salaries at SBI 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 salary estimates are based on data from 227 salaries submitted by SBI Payment Services employees. SBI Payment Services is rated 3.5 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at SBI Payment Services in Mumbai?
The salary of a fresher at SBI Payment Services in Mumbai typically ranges from ₹1.2 Lakh to ₹2.8 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Sales Assistant Salary ₹1.2 Lakhs to ₹2.8 Lakhs per year
Fresher as a Sales Executive Salary ₹1.4 Lakhs to ₹2.4 Lakhs per year
Fresher as a Sales Associate Salary ₹1.4 Lakhs to ₹4.5 Lakhs per year
Fresher as a FOS Executive Salary ₹2 Lakhs to ₹2.1 Lakhs per year

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Average annual salary in SBI Payment Services , Mumbai is INRunlock blur . Salary estimates are based on 227 SBI Payment Services latest salaries received from various employees of SBI Payment Services.

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