PhonePe — salaries, ratings & referrals in India
Employee rating: 4.0. Work-life balance: 3.9.
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PhonePe compensation in India (2026)
| Role | Experience | Base | Joining bonus | Performance bonus | Stocks | Total year 1 |
|---|---|---|---|---|---|---|
| Senior Software Engineer | 5+ yrs | ₹45L – ₹48L | ₹3L – ₹7L | ₹0 | ₹11L – ₹18L | ₹59L – ₹73L |
| Software Engineer 1 | 0-2 yrs | ₹19L – ₹27L | ₹2L – ₹5L | ₹0 | ₹2L – ₹5L | ₹23L – ₹31L |
| Software Engineer 2 | 2-5 yrs | ₹35L – ₹43L | ₹3L – ₹9L | ₹0 | ₹5L – ₹10L | ₹43L – ₹62L |
Stock vesting: 25/25/25/25 over 4 years, 1-year cliff
Benefits and reimbursements: Free meals, health/accident/life insurance, wellness/fitness (gym, EWAP), car lease
Compensation figures are curated by FAANGPlus from offers and verified reports. Data last updated: 2026-10-13.
Active openings at PhonePe (18)
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- Staff Engineer — Bangalore
- Ops Engineer 2 to 5 Years — Bangalore
- Service Delivery Engineer, SRE — Bangalore
- Software Engineer - iOS — Pune
- Software Engineer - SRE (4-6 years) — Bangalore
- Site Reliability Engineer - Big Data (7 to 11 years) — Bangalore
- Engineering Manager - Platform Team — Bangalore
- Service Delivery Engineer — Bangalore
- Site Reliability Engineer — Bangalore
- Engineering Manager - Bangalore — Bangalore
- Site Reliability Engineer 3 - (on-prem) — Bangalore