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.
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.
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.
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.
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."
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."
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."
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