Average Fraud Examiner Salary in India for 2024

In this article, we will look at the average Fraud Examiner salary for 2024 in India and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol โ‚น.

How Much Does a Fraud Examiner Make in India?

A Fraud Examiner working in India will typically earn around 428,400 INR per year, and this can range from the lowest average salary of about 231,000 INR to the highest average salary of 645,800 INR.

Average Annual Salary
428,400 INR
Average Monthly Salary
35,700 INR

Lowest Annual Salary
231,000 INR
Lowest Monthly Salary
19,250 INR

Highest Annual Salary
645,800 INR
Highest Monthly Salary
53,816 INR

These are average salaries for a Fraud Examiner in India and include benefits such as housing and transport. It's also possible for a Fraud Examiner to earn more or less than the average salaries shown above.

Fraud Examiner salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Fraud Examiner Salaries in India

So we've looked at the average salaries a Fraud Examiner will earn in India. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Fraud Examiner can earn between 231,000 INR and 645,800 INR on average in India. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Fraud Examiner in India is 394,800 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 394,800 INR, and 50% of the population earn more than 394,800 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Fraud Examiner salary in India, 25% of the population are earning less than 281,500 INR while 75% of the population earn more than 281,500 INR.

75% of the population earn less than 476,600 INR, and 25% of the population earn more than 476,600 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Fraud Examiner Salary by Experience Level in India

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average fraud examiner salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Fraud Examiner in India that has less than two years of experience can expect to earn somewhere in the region of 267,100 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Fraud Examiner salary would increase to 340,000 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Fraud Examiner, the average salary would be 447,300 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 524,300 INR.
  • 15 - 20 Years Experience. A Fraud Examiner with 15 to 20 years of experience can earn an average of 580,600 INR.
  • 20+ Years Experience. For a Fraud Examiner with more than 20 years, the expected average salary increases to 618,800 INR.

Average Salary by Experience Chart

0-2 Years
267,100 INR
2-5 Years +26%
340,000 INR
5-10 Years +32%
447,300 INR
10-15 Years +18%
524,300 INR
15-20 Years +11%
580,600 INR
20+ Years +6%
618,800 INR

Fraud Examiner Salary by Education Level in India

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Fraud Examiner in India based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Fraud Examiner in India with a certificate or diploma education can earn an average salary of 371,100 INR.

  • Bachelor's Degree. A Fraud Examiner in India with a bachelor's degree education can earn an average salary of 553,400 INR.

Average Salary by Education Chart

Certificate or Diploma
371,100 INR
Bachelor's Degree +49%
553,400 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Fraud Examiner Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In India, a male fraud examiner will earn an average of 442,300 INR, while a female fraud examiner will earn around 404,600 INR.

This means that a male fraud examiner earns approximately 9% more than a female fraud examiner for performing the same job.

Average Salary by Gender Chart in India

Male
442,300 INR
Female -9%
404,600 INR

Fraud Examiner Average Pay Raise in India

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Fraud Examiner in India is around 10% every 19 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 10 ÷ 19 ) × 12  = 6%

What this means is that a Fraud Examiner in India can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in India for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Fraud Examiner Bonus and Incentive Rates in India

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Fraud Examiner is a low bonus based job, with 27% of employees reporting at least one bonus in the last 12 months.

73% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 2%.

Received Bonus
27%
No Bonus
73%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector
392,300 INR
Private Sector -6%
371,100 INR

Salaries for Jobs Similar to a Fraud Examiner

In the table below, we have salary information for jobs that are similar to a Fraud Examiner in India.

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 322,600 INR
Accreditation Manager Law Enforcement / Security / Fire 454,900 INR
Advocate Law Enforcement / Security / Fire 283,700 INR
Armed Security Officer Law Enforcement / Security / Fire 275,200 INR
Company Guard Law Enforcement / Security / Fire 137,400 INR
Control Room Operator Law Enforcement / Security / Fire 119,860 INR
Correctional Officer Law Enforcement / Security / Fire 212,500 INR
Criminal Investigator Law Enforcement / Security / Fire 428,400 INR
Facility Monitor Law Enforcement / Security / Fire 233,600 INR
Fire Chief Law Enforcement / Security / Fire 419,400 INR
Fire Dispatcher Law Enforcement / Security / Fire 204,000 INR
Fire Education Specialist Law Enforcement / Security / Fire 351,900 INR
Fire Extinguisher Technician Law Enforcement / Security / Fire 129,000 INR
Fire Fighter Law Enforcement / Security / Fire 216,800 INR
Fire Inspector Law Enforcement / Security / Fire 388,100 INR
Fire Investigator Law Enforcement / Security / Fire 388,100 INR
Fire Prevention Engineer Law Enforcement / Security / Fire 341,400 INR
Fire Prevention Officer Law Enforcement / Security / Fire 288,700 INR
Fire Protection Specialist Law Enforcement / Security / Fire 345,700 INR
Forensic Investigator Law Enforcement / Security / Fire 376,800 INR
Forensic Science Technician Law Enforcement / Security / Fire 388,100 INR
Fraud and Forensic Specialist Law Enforcement / Security / Fire 417,200 INR
Grants Specialist Law Enforcement / Security / Fire 485,300 INR
Intellectual Property Associate Law Enforcement / Security / Fire 362,200 INR
Intelligence Research Specialist Law Enforcement / Security / Fire 597,800 INR
Investigator Law Enforcement / Security / Fire 403,100 INR
Jail Officer Law Enforcement / Security / Fire 172,200 INR
Juvenile Probation Officer Law Enforcement / Security / Fire 283,700 INR
Juvenile Supervision Officer Law Enforcement / Security / Fire 283,700 INR
Lock-Smith Law Enforcement / Security / Fire 127,700 INR
Parole Officer Law Enforcement / Security / Fire 204,000 INR
Police Captain Law Enforcement / Security / Fire 485,300 INR
Police Communications Officer Law Enforcement / Security / Fire 283,700 INR
Police Officer Law Enforcement / Security / Fire 227,600 INR
Police Patrol Officer Law Enforcement / Security / Fire 204,000 INR
Prison Officer Law Enforcement / Security / Fire 172,200 INR
Prisoner Custody Officer Law Enforcement / Security / Fire 150,000 INR
Private Detective / Investigator Law Enforcement / Security / Fire 407,300 INR
Security Adviser Law Enforcement / Security / Fire 397,900 INR
Security Guard Law Enforcement / Security / Fire 114,900 INR
Security Management Specialist Law Enforcement / Security / Fire 568,500 INR
Security Manager Law Enforcement / Security / Fire 568,500 INR
Security Officer Law Enforcement / Security / Fire 136,100 INR
Security Supervisor Law Enforcement / Security / Fire 318,800 INR
Security Systems Installer Law Enforcement / Security / Fire 309,800 INR
Security Technician Law Enforcement / Security / Fire 128,900 INR
Surveillance Operator Law Enforcement / Security / Fire 159,400 INR
Traffic Controller Law Enforcement / Security / Fire 227,600 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
agra 407,100 INR
Ahmadabad 464,400 INR
Bangalore 478,000 INR
Bhopal 426,700 INR
Chennai 480,300 INR
Coimbatore 414,000 INR
Delhi 472,000 INR
Ghaziabad 414,000 INR
Hyderabad 487,600 INR
Indore 448,500 INR
Jaipur 478,100 INR
Kanpur 442,300 INR
Kolkata 453,200 INR
Lucknow 430,500 INR
Ludhiana 413,900 INR
Madurai 372,600 INR
Mumbai 510,300 INR
Nagpur 424,900 INR
Patna 386,400 INR
Pimpri-Chinchwad 440,200 INR
Pune 457,300 INR
Surat 480,300 INR
Vadodara 401,300 INR
Visakhapatnam 401,300 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

City Average Salary
Andaman & Nicobar Islands 369,300 INR
Andhra Pradesh 464,400 INR
Arunachal Pradesh 417,200 INR
Assam 460,500 INR
Bihar 499,300 INR
Chandigarh 398,300 INR
Chhatisgarh 453,200 INR
Dadra & Nagar Haveli 365,400 INR
Daman & Diu 381,800 INR
Delhi 437,900 INR
Goa 385,300 INR
Gujarat 502,200 INR
Haryana 444,300 INR
Himachal Pradesh 414,000 INR
Jammu & Kashmir 451,000 INR
Jharkhand 472,100 INR
Karnataka 472,100 INR
Kerala 483,800 INR
Lakshadweep 363,000 INR
Madhya Pradesh 487,600 INR
Maharashtra 529,600 INR
Manipur 417,100 INR
Meghalaya 399,900 INR
Mizoram 404,600 INR
Nagaland 411,400 INR
Orissa 462,300 INR
Pondicherry 411,400 INR
Punjab 460,500 INR
Rajasthan 485,300 INR
Sikkim 396,300 INR
Tamil Nadu 498,500 INR
Tripura 411,400 INR
Uttar Pradesh 524,700 INR
Uttaranchal 447,700 INR
West Bengal 492,700 INR

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Fraud Examiner Salary in India for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-fraud-examiner-salary-in-india/.

  • "Average Fraud Examiner Salary in India for 2024". World Salaries, https://worldsalaries.com/average-fraud-examiner-salary-in-india/. Accessed 28 March, 2024

  • Average Fraud Examiner Salary in India for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-fraud-examiner-salary-in-india/.