Loading...Loading...Loading...Loading...Salary Guide · India 2026
India's largest UPI app by volume; also offers insurance, mutual funds, gold, and merchant payments. Every band below is total CTC (base + variable + equity), drawn from the 25th–90th percentile of reported offers at PhonePe in India and verified against AmbitionBox and Glassdoor.
Software Engineer · Lead / 10–12 yrs
₹60.5L – ₹107.2Ltotal CTC
Salary bands for 27 roles at PhonePe, from Software Engineer to QA Engineer — see all below.
Working at PhonePe
Largest UPI app in India by transaction volume. Filed DRHP via SEBI confidential route. Reverse-flipped to India in 2022.
What the interview actually tests
Engineering rounds prioritize reliability and partner-bank-failure handling. Generic 'design Twitter' answers fall flat: bring UPI-specific constraints.
Role
Total CTC ranges for Software Engineers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹14.5L – ₹42L | ESOP₹2L – ₹5.9L/yr |
| Mid-level / 3–5 yrs | ₹19.8L – ₹55L | ESOP₹2.8L – ₹7.7L/yr |
| Senior / 6–9 yrs | ₹38.5L – ₹104.5L | ESOP₹5.4L – ₹14.6L/yr |
| Lead / 10–12 yrs | ₹60.5L – ₹107.2L | RSU₹5.9L – ₹15L/yr |
PhonePe Junior SE. Negotiation focus: fixed + joining bonus.
Role
PhonePe's pay bands for Product Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹35.2L | ESOP₹2.2L – ₹4.9L/yr |
| Mid-level / 3–5 yrs | ₹27.5L – ₹77L | ESOP₹3.9L – ₹10.8L/yr |
| Senior / 6–9 yrs | ₹49.5L – ₹143L | ESOP₹6.9L – ₹20L/yr |
PhonePe Junior PM / APM. Negotiation focus: scope + fixed.
How this compares
The senior Product Manager band above sits against a Indian Fintech peer median of ₹44L – ₹127L LPA across 6 other Indian Fintech companies we track.
Role
Total CTC ranges for Data Analysts at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹17.6L | ESOP₹0.4L – ₹1.1L/yr |
| Mid-level / 3–5 yrs | ₹11L – ₹30.8L | ESOP₹0.7L – ₹1.8L/yr |
| Senior / 6–9 yrs | ₹19.8L – ₹55L | ESOP₹1.2L – ₹3.3L/yr |
| Lead / 10–12 yrs | ₹30.8L – ₹56.6L | RSU₹1.2L – ₹3.4L/yr |
PhonePe Junior Data Analyst. Negotiation focus: fixed.
How this compares
The lead Data Analyst band above sits against a Indian Fintech peer median of ₹26L – ₹70L LPA across 4 other Indian Fintech companies we track.
Role
What UX Designers actually earn at PhonePe in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹8.8L – ₹26.4L | ESOP₹1.1L – ₹3.2L/yr |
| Mid-level / 3–5 yrs | ₹17.6L – ₹49.5L | ESOP₹2.1L – ₹5.9L/yr |
| Senior / 6–9 yrs | ₹30.8L – ₹88L | ESOP₹3.7L – ₹10.6L/yr |
PhonePe Junior Designer. Negotiation focus: fixed salary.
How this compares
The senior UX Designer band above sits against a Indian Fintech peer median of ₹28L – ₹76L LPA across 5 other Indian Fintech companies we track.
Role
Total CTC ranges for Data Scientists at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹19.8L | ESOP₹0.1L – ₹0.4L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹39.6L | ESOP₹0.3L – ₹0.8L/yr |
| Senior / 6–9 yrs | ₹24.2L – ₹71.5L | ESOP₹0.5L – ₹1.4L/yr |
| Lead / 10–12 yrs | ₹60.5L – ₹118.2L | RSU₹5.7L – ₹16.5L/yr |
PhonePe Junior Risk Analyst. Negotiation focus: fixed + bonus. Low equity reflects ops-track positioning.
Role
PhonePe's pay bands for ML Engineers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹26.9L | RSU₹2L – ₹4.8L/yr |
| Mid-level / 3–5 yrs | ₹30L – ₹50L | ESOP₹4L – ₹11L/yr |
| Senior / 6–9 yrs | ₹50L – ₹80L | ESOP₹7L – ₹18L/yr |
| Lead / 10–12 yrs | ₹75L – ₹130L | ESOP₹12L – ₹28L/yr |
| Manager / 12+ yrs | ₹88L – ₹165L | RSU₹10.8L – ₹29.7L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Saless at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹19.8L | ESOP₹0.3L – ₹0.8L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹39.6L | ESOP₹0.5L – ₹1.6L/yr |
| Senior / 6–9 yrs | ₹24.2L – ₹77L | ESOP₹1L – ₹3.1L/yr |
| Manager / 12+ yrs | ₹77L – ₹159.5L | RSU₹2L – ₹6.4L/yr |
PhonePe Junior KAM. Variable up to ₹7L. Negotiation focus: fixed vs incentive split.
How this compares
The executive Sales band above sits against a Indian Fintech peer median of ₹63L – ₹198L LPA across 3 other Indian Fintech companies we track.
Role
PhonePe's pay bands for SREs in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Mid-level / 3–5 yrs | ₹15.7L – ₹18.3L | None |
AB yoe-bucket scrape: Site Reliability Engineer 1-3y (n=53); n=53
Role
Total CTC ranges for AI Engineers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹26.9L | RSU₹2L – ₹4.8L/yr |
| Mid-level / 3–5 yrs | ₹30.8L – ₹59.4L | RSU₹3.7L – ₹10.7L/yr |
| Senior / 6–9 yrs | ₹55L – ₹110L | RSU₹6.6L – ₹19.8L/yr |
| Lead / 10–12 yrs | ₹88L – ₹165L | RSU₹10.8L – ₹29.7L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Backend Developers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹20.9L | RSU₹1L – ₹2.9L/yr |
| Mid-level / 3–5 yrs | ₹19.8L – ₹37.4L | RSU₹1.9L – ₹5.2L/yr |
| Senior / 6–9 yrs | ₹38.5L – ₹71.5L | RSU₹3.7L – ₹10L/yr |
| Lead / 10–12 yrs | ₹60.5L – ₹107.2L | RSU₹5.9L – ₹15L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Business Analysts in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | RSU₹0.3L – ₹0.8L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹24.2L | RSU₹0.5L – ₹1.4L/yr |
| Senior / 6–9 yrs | ₹22L – ₹41.2L | RSU₹0.9L – ₹2.5L/yr |
| Lead / 10–12 yrs | ₹35.2L – ₹64.3L | RSU₹1.4L – ₹3.9L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
How this compares
The lead Business Analyst band above sits against a Indian Fintech peer median of ₹29L – ₹77L LPA across 3 other Indian Fintech companies we track.
Role
Total CTC ranges for Cloud Engineers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹26.9L | RSU₹2L – ₹4.8L/yr |
| Mid-level / 3–5 yrs | ₹30.8L – ₹59.4L | RSU₹3.7L – ₹10.7L/yr |
| Senior / 6–9 yrs | ₹55L – ₹110L | RSU₹6.6L – ₹19.8L/yr |
| Lead / 10–12 yrs | ₹88L – ₹165L | RSU₹10.8L – ₹29.7L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Consultants in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹5.5L – ₹10.4L | RSU₹0.1L – ₹0.2L/yr |
| Mid-level / 3–5 yrs | ₹11L – ₹20.9L | RSU₹0.1L – ₹0.4L/yr |
| Senior / 6–9 yrs | ₹19.8L – ₹40.1L | RSU₹0.3L – ₹0.8L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Content Writers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹8.8L – ₹17.6L | RSU₹0.7L – ₹2.1L/yr |
| Mid-level / 3–5 yrs | ₹17.6L – ₹33.5L | RSU₹1.4L – ₹4L/yr |
| Senior / 6–9 yrs | ₹30.8L – ₹59.4L | RSU₹2.5L – ₹7.2L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Customer Success Managers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹5L – ₹9.1L | RSU₹0.1L – ₹0.2L/yr |
| Mid-level / 3–5 yrs | ₹8.8L – ₹16.5L | RSU₹0.1L – ₹0.3L/yr |
| Senior / 6–9 yrs | ₹15.4L – ₹28.6L | RSU₹0.2L – ₹0.5L/yr |
| Manager / 12+ yrs | ₹35.2L – ₹64.3L | RSU₹0.5L – ₹1.3L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
How this compares
The executive Customer Success Manager band above sits against a Indian Fintech peer median of ₹45L – ₹117L LPA across 3 other Indian Fintech companies we track.
Role
What Cybersecuritys actually earn at PhonePe in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹26.9L | RSU₹2L – ₹4.8L/yr |
| Mid-level / 3–5 yrs | ₹30.8L – ₹59.4L | RSU₹3.7L – ₹10.7L/yr |
| Senior / 6–9 yrs | ₹55L – ₹110L | RSU₹6.6L – ₹19.8L/yr |
| Lead / 10–12 yrs | ₹88L – ₹165L | RSU₹10.8L – ₹29.7L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Data Engineers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹19.2L | RSU₹1L – ₹2.7L/yr |
| Mid-level / 3–5 yrs | ₹22L – ₹44L | RSU₹2.1L – ₹6.1L/yr |
| Senior / 6–9 yrs | ₹38.5L – ₹79.8L | RSU₹3.6L – ₹11.1L/yr |
| Lead / 10–12 yrs | ₹60.5L – ₹118.2L | RSU₹5.7L – ₹16.5L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for DevOps / SREs at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹26.9L | RSU₹2L – ₹4.8L/yr |
| Mid-level / 3–5 yrs | ₹30.8L – ₹59.4L | RSU₹3.7L – ₹10.7L/yr |
| Senior / 6–9 yrs | ₹55L – ₹110L | RSU₹6.6L – ₹19.8L/yr |
| Lead / 10–12 yrs | ₹88L – ₹165L | RSU₹10.8L – ₹29.7L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Engineering Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | RSU₹0.3L – ₹0.8L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹24.2L | RSU₹0.5L – ₹1.4L/yr |
| Senior / 6–9 yrs | ₹22L – ₹41.2L | RSU₹0.9L – ₹2.5L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Finance Managers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | RSU₹0.1L – ₹0.3L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹26.4L | RSU₹0.2L – ₹0.5L/yr |
| Senior / 6–9 yrs | ₹24.2L – ₹47.9L | RSU₹0.3L – ₹0.9L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Frontend Developers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹20.9L | RSU₹1L – ₹2.9L/yr |
| Mid-level / 3–5 yrs | ₹19.8L – ₹37.4L | RSU₹1.9L – ₹5.2L/yr |
| Senior / 6–9 yrs | ₹38.5L – ₹71.5L | RSU₹3.7L – ₹10L/yr |
| Lead / 10–12 yrs | ₹60.5L – ₹107.2L | RSU₹5.9L – ₹15L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for HR Managers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹20.9L | RSU₹0.3L – ₹0.8L/yr |
| Senior / 6–9 yrs | ₹19.8L – ₹37.4L | RSU₹0.5L – ₹1.5L/yr |
| Manager / 12+ yrs | ₹49.5L – ₹90.8L | RSU₹1.4L – ₹3.6L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
What Legal Counsels actually earn at PhonePe in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | RSU₹0.1L – ₹0.3L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹26.4L | RSU₹0.2L – ₹0.5L/yr |
| Senior / 6–9 yrs | ₹24.2L – ₹47.9L | RSU₹0.3L – ₹0.9L/yr |
| Lead / 10–12 yrs | ₹38.5L – ₹74.2L | RSU₹0.5L – ₹1.5L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Marketing Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹12.1L | RSU₹0.2L – ₹0.5L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹26.4L | RSU₹0.3L – ₹1.1L/yr |
| Senior / 6–9 yrs | ₹24.2L – ₹51.7L | RSU₹0.7L – ₹2.1L/yr |
| Manager / 12+ yrs | ₹55L – ₹110L | RSU₹1.5L – ₹4.4L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
PhonePe's pay bands for Operations Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹8.8L – ₹15.4L | RSU₹0.1L – ₹0.3L/yr |
| Mid-level / 3–5 yrs | ₹15.4L – ₹29.7L | RSU₹0.2L – ₹0.6L/yr |
| Senior / 6–9 yrs | ₹27.5L – ₹55L | RSU₹0.4L – ₹1.1L/yr |
| Manager / 12+ yrs | ₹60.5L – ₹118.2L | RSU₹0.8L – ₹2.4L/yr |
Negotiation focus: Fixed salary + variable payout + city/region/team scope + allowances. HR posture: "This is above our current band for the role."
Role
What Program Managers actually earn at PhonePe in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹25.3L | RSU₹1.6L – ₹3.5L/yr |
| Mid-level / 3–5 yrs | ₹27.5L – ₹52.2L | RSU₹2.6L – ₹7.3L/yr |
| Senior / 6–9 yrs | ₹49.5L – ₹96.2L | RSU₹4.6L – ₹13.5L/yr |
| Manager / 12+ yrs | ₹104.5L – ₹189.8L | RSU₹10.1L – ₹26.6L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for QA Engineers at PhonePe India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | RSU₹0.3L – ₹0.8L/yr |
| Mid-level / 3–5 yrs | ₹13.2L – ₹24.2L | RSU₹0.5L – ₹1.4L/yr |
| Senior / 6–9 yrs | ₹22L – ₹41.2L | RSU₹0.9L – ₹2.5L/yr |
| Lead / 10–12 yrs | ₹35.2L – ₹64.3L | RSU₹1.4L – ₹3.9L/yr |
Negotiation focus: Fixed salary + ESOP strike price + vesting + buyback/liquidity clarity. HR posture: "This is above our current band for the role."
What the PhonePe interview actually looks like
Salary bands here reflect total CTC drawn from reported offers (primarily AmbitionBox, with Glassdoor as a secondary cross-check), supplemented by company disclosures where available — not a single data point. See our methodology for how we source and label pay data. Spot a figure that looks off? Email .
Company names and logos belong to their owners; HireStepX is not affiliated with or endorsed by them.
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