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PhonePe Backend Software Engineer Salaries

Backend Software Engineer compensation in India at PhonePe ranges from ₹3.04M per year for Software Engineer 1 to ₹5.99M per year for Senior Software Engineer. The median yearly compensation in India package totals ₹5M. View the base salary, stock, and bonus breakdowns for PhonePe's total compensation packages. Last updated: 12/18/2024

Average Compensation By Level
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Level Name
Total
Base
Stock ()
Bonus
Software Engineer 1
(Entry Level)
₹3.04M
₹2.36M
₹619K
₹56.3K
Software Engineer 2
₹4.89M
₹4.03M
₹822K
₹32.9K
Senior Software Engineer
₹5.99M
₹4.68M
₹1.26M
₹45.1K
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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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FAQ

The highest paying salary package reported for a Backend Software Engineer at PhonePe in India sits at a yearly total compensation of ₹7,304,528. This includes base salary as well as any potential stock compensation and bonuses.
The median yearly total compensation reported at PhonePe for the Backend Software Engineer role in India is ₹5,000,945.

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