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PhonePe Software Engineer Salaries

Software Engineer compensation in India at PhonePe ranges from ₹2.72M per year for Software Engineer 1 to ₹9.15M per year for Senior Software Engineer. The median yearly compensation in India package totals ₹5.65M. View the base salary, stock, and bonus breakdowns for PhonePe's total compensation packages. Last updated: 5/19/2025

Average Compensation By Level
Add CompCompare Levels
Level Name
Total
Base
Stock
Bonus
Software Engineer 1
(Entry Level)
₹2.72M
₹2.34M
₹368K
₹7.6K
Software Engineer 2
₹4.33M
₹3.44M
₹855K
₹34.6K
Senior Software Engineer
₹9.15M
₹5.9M
₹3.24M
₹9.7K
Add CompCompare Levels

₹13.59M

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Vesting Schedule

25%

YR 1

25%

YR 2

25%

YR 3

25%

YR 4

Stock Type
Options

At PhonePe, Options are subject to a 4-year vesting schedule:

  • 25% vests in the 1st-year (25.00% annually)

  • 25% vests in the 2nd-year (2.08% monthly)

  • 25% vests in the 3rd-year (2.08% monthly)

  • 25% vests in the 4th-year (2.08% monthly)



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Included Titles

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Site Reliability Engineer

Backend Software Engineer

FAQ

The highest paying salary package reported for a Software Engineer at PhonePe in India sits at a yearly total compensation of ₹14,565,850. This includes base salary as well as any potential stock compensation and bonuses.
The median yearly total compensation reported at PhonePe for the Software Engineer role in India is ₹5,839,677.

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