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PhonePe Software Development Engineer 1 Salary 2026

Compensation details including base salary, bonuses, and benefits

PhonePe is a secure payments app for UPI, wallet transactions and instant money transfers.

Bangalore
5000-10000
Fintech
Contribute Salary Info

Compensation Breakdown

Base Salary

₹19,25,000

Signing Bonus

₹5,00,000

ESOPs

₹9,50,000

Total Compensation

₹26,75,000

PhonePe Employee Benefits and Perks

Stock Bonus Structure

9.5L vested over 4 years and 25% each year

Health & Wellness

Comprehensive health insurance coverage

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PhonePe Tech Stack 2026

Complete list of technologies, frameworks, and tools used at PhonePe for software development and operations.

Primary Technologies

A
Android
F
Flutter
K
Kotlin
J
Java

Last updated: January 2026

Calculate Cost of Living in Bangalore

Adjust sliders to see what ₹26,75,000 as Software Development Engineer 1 at PhonePe means for your lifestyle

Customize Your Monthly Budget

🏠Housing & Rent
₹15,000
PG (Single Sharing) / 1 BHK
₹5,000₹40,000
🍕Food & Groceries
₹10,000
Mixed (50-50)
₹4,000₹30,000
🚗Transportation
₹5,000
Mixed commute
₹1,000₹18,000
📱Utilities & Subscriptions
₹2,500
Standard + streaming
₹800₹8,000
🎉Lifestyle & Entertainment
₹8,000
Active but budget-conscious
₹2,000₹25,000
👤Personal & Healthcare
₹2,500
Standard personal care
₹500₹10,000

Your Budget Summary

Estimated Monthly Take Home Salary (post-tax)₹2,01,303 - ₹1,53,374
Your Expenses-₹43,000
Net Takehome₹1,58,303 - ₹1,10,374
Savings Rate
79% - 72%
Excellent! 🎉

Future Projections

3 months:₹4,74,909 - ₹3,31,121
6 months:₹9,49,817 - ₹6,62,242
1 year:₹18,99,634 - ₹13,24,483
5 years:₹1,30,57,827 - ₹91,04,317
* 5-year projection assumes 12% investment returns

Note: These are estimates based on average costs. Your actual expenses may vary. Company benefits (meals, transport) can significantly reduce costs. Last updated: November 2025.

☀️

Climate & Living Conditions in Bangalore

Pleasant year-round moderate climate

🌡️Temperature

15°C - 33°C

💧Rainfall

970mm/year

🌫️Air Quality

Moderate

✨Best Time

October to February

📅 Seasonal Weather Patterns

☀️

Summer

Mar-May

20°C - 33°C

🌧️

Monsoon

Jun-Sep

19°C - 28°C

❄️

Winter

Nov-Jan

15°C - 28°C

🌫️

Air Quality Index (AQI)

Level

Moderate

Typical Range

50-150

Key Concern

Increasing traffic pollution in peak hours

Humidity: Moderate (60-70%)

💰 Climate-Related Costs

  • •AC optional: saves ₹2,000-3,000/month vs other metros
  • •Light woolens needed in winter (₹3,000-5,000 one-time)
  • •Sudden weather changes - keep umbrella handy

💡 Relocation Tips

  • →Most comfortable climate among tier-1 cities
  • →Traffic worse during rains - plan commute accordingly
  • →Parks and outdoor spaces make lifestyle more affordable
  • →Evening weather perfect for outdoor activities
🎯

Best Time to Relocate

October to February - Most comfortable weather and easier settling in period

FAQ about PhonePe Software Development Engineer 1 Salaries

The average base salary for Software Development Engineer 1 at PhonePe in Bangalore is ₹19,25,000.

The total compensation for freshers at PhonePe is ₹26,75,000. This includes a base salary, bonuses, and other benefits paid over an year.

Yes, PhonePe offers stock options (ESOPs) for Software Development Engineer 1. The company typically provides stock options as part of the compensation package to attract and retain top talent.

No, PhonePe does not provide a relocation bonus for Software Development Engineer 1.

The tech stack used at PhonePe includes: Android, Flutter, Kotlin, Java.

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