Average Payment Services Specialist Salary in Bangalore, India for 2026

In this article, we will look at the average Payment Services Specialist salary for 2026 in Bangalore 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 ₹.

How Much Does a Payment Services Specialist Make in Bangalore?

A Payment Services Specialist working in Bangalore will typically earn around 459,700 INR per year, and this can range from the lowest average salary of about 215,100 INR to the highest average salary of 724,000 INR.

Average Annual Salary459,700 INR
Average Monthly Salary38,308 INR
Average Lowest Salary215,100 INR
Lowest Monthly Salary17,925 INR
Average Highest Salary724,000 INR
Highest Monthly Salary60,333 INR

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

Payment Services Specialist 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 Payment Services Specialist Salaries in Bangalore

So we've looked at the average salaries a Payment Services Specialist will earn in Bangalore. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payment Services Specialist can earn between 215,100 INR and 724,000 INR on average in Bangalore. 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 Payment Services Specialist in Bangalore is 485,200 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 485,200 INR, and 50% of the population earn more than 485,200 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 Payment Services Specialist salary in Bangalore, 25% of the population are earning less than 313,700 INR while 75% of the population earn more than 313,700 INR.

75% of the population earn less than 641,900 INR, and 25% of the population earn more than 641,900 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.

Payment Services Specialist Salary by Experience Level in Bangalore

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 Payment Services Specialist 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 Payment Services Specialist in Bangalore that has less than two years of experience can expect to earn somewhere in the region of 247,800 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Payment Services Specialist salary would increase to 341,900 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payment Services Specialist, the average salary would be 487,600 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 592,600 INR.
  • 15 - 20 Years Experience. A Payment Services Specialist with 15 to 20 years of experience can earn an average of 628,000 INR.
  • 20+ Years Experience. For a Payment Services Specialist with more than 20 years, the expected average salary increases to 684,900 INR.

Average Salary by Experience Chart

0-2 Years-
247,800 INR
2-5 Years+38%
341,900 INR
5-10 Years+42%
487,600 INR
10-15 Years+22%
592,600 INR
15-20 Years+6%
628,000 INR
20+ Years+9%
684,900 INR

Payment Services Specialist Salary by Education Level in Bangalore

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 Payment Services Specialist in Bangalore based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Payment Services Specialist in Bangalore with a bachelor's degree education can earn an average salary of 341,900 INR.
  • Master's Degree. A Payment Services Specialist in Bangalore with a master's degree education can earn an average salary of 628,000 INR.

Average Salary by Education Chart

Bachelor's Degree-
341,900 INR
Master's Degree+83%
628,000 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.

Payment Services Specialist 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 Bangalore, a male payment services specialist will earn an average of 413,900 INR, while a female payment services specialist will earn around 362,200 INR.

This means that a male payment services specialist earns approximately 14% more than a female payment services specialist for performing the same job.

Average Salary by Gender Chart in Bangalore

Male-
413,900 INR
Female-14%
362,200 INR

Payment Services Specialist Average Pay Raise in Bangalore

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 Payment Services Specialist in Bangalore is around 12% every 17 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 = ( 12 ÷ 17 ) × 12  = 8%

What this means is that a Payment Services Specialist in Bangalore can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Bangalore for 2026

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%

Payment Services Specialist Bonus and Incentive Rates in Bangalore

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 Payment Services Specialist is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 2% to 7%.

Received Bonus-
59%
No Bonus-
41%

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 Payment Services Specialist

In the table below, we have salary information for jobs that are similar to a Payment Services Specialist in Bangalore.

Job TitleCategorySalary
Actuarial AnalystInsurance514,300 INR
Actuarial AssistantInsurance362,200 INR
Actuarial SpecialistInsurance366,200 INR
ActuaryInsurance514,300 INR
Adjustment Insurance ClerkInsurance143,200 INR
Assistant BrokerInsurance240,500 INR
Assistant Claims ManagerInsurance414,000 INR
Associate Insurance RepresentativeInsurance197,600 INR
Auditing Insurance ManagerInsurance568,500 INR
BrokerInsurance384,500 INR
Claim Advocacy ProfessionalInsurance384,500 INR
Claims AdjusterInsurance143,200 INR
Claims AnalystInsurance197,600 INR
Claims ExaminerInsurance197,600 INR
Claims ManagerInsurance539,700 INR
Claims ProcessorInsurance143,200 INR
Claims RepresentativeInsurance172,200 INR
Claims Resolution SpecialistInsurance414,000 INR
Claims SupervisorInsurance381,800 INR
Complaints SpecialistInsurance351,900 INR
Compliance ExaminerInsurance362,200 INR
Compliance OfficerInsurance309,800 INR
Compliance ReviewerInsurance357,300 INR
ConsultantInsurance381,800 INR
Eligibility InterviewerInsurance407,300 INR
Eligibility SpecialistInsurance384,500 INR
Insurance Account ManagerInsurance471,700 INR
Insurance Accounts ExecutiveInsurance414,000 INR
Insurance AdjusterInsurance357,300 INR
Insurance AgentInsurance227,600 INR
Insurance AnalystInsurance376,800 INR
Insurance AppraiserInsurance384,500 INR
Insurance Claims ClerkInsurance143,200 INR
Insurance ExaminerInsurance351,900 INR
Insurance InvestigatorInsurance362,200 INR
Insurance ManagerInsurance684,900 INR
Insurance Operations ManagerInsurance656,800 INR
Insurance Policy Processing ClerkInsurance143,200 INR
Insurance Pricing AssistantInsurance301,600 INR
Insurance Program ManagerInsurance502,200 INR
Insurance Project ManagerInsurance485,300 INR
Insurance Quality Assurance AgentInsurance330,900 INR
Insurance Sales AgentInsurance227,600 INR
Insurance Sales DirectorInsurance628,000 INR
Insurance Sales ManagerInsurance498,000 INR
Insurance Sales RepresentativeInsurance197,600 INR
Insurance Team LeaderInsurance403,100 INR
Insurance UnderwriterInsurance283,700 INR
Loss Control SpecialistInsurance369,300 INR
Loss Prevention InvestigatorInsurance397,900 INR
Loss Prevention ManagerInsurance558,300 INR
Loss Prevention SpecialistInsurance407,300 INR
Marine UnderwriterInsurance283,700 INR
Medical AuditorInsurance403,100 INR
Monitoring and Performance OfficerInsurance272,800 INR
Policy Change DirectorInsurance597,800 INR
Policy Change SupervisorInsurance414,000 INR
Policy Change TechnicianInsurance185,100 INR
Risk AnalystInsurance428,400 INR
Risk Management DirectorInsurance743,300 INR
Risk Management SupervisorInsurance478,000 INR
Risk ManagerInsurance714,600 INR
Risk Modeling ManagerInsurance714,600 INR
Title Insurance TypistInsurance327,800 INR
Training ManagerInsurance420,800 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.

CityAverage Salary
Ahmadabad424,900 INR
Bhopal396,300 INR
Chennai445,100 INR
Coimbatore392,300 INR
Delhi445,100 INR
Ghaziabad377,200 INR
Hyderabad417,200 INR
Indore401,300 INR
Jaipur390,000 INR
Kanpur407,300 INR
Kolkata420,100 INR
Lucknow412,000 INR
Ludhiana357,300 INR
Madurai367,900 INR
Mumbai451,000 INR
Nagpur397,900 INR
Patna376,800 INR
Pimpri-Chinchwad385,300 INR
Pune417,200 INR
Surat414,000 INR
Vadodara357,300 INR
Visakhapatnam398,300 INR
agra361,500 INR

Salary Comparison by State

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

StateAverage Salary
Andaman & Nicobar Islands341,400 INR
Andhra Pradesh442,200 INR
Arunachal Pradesh369,300 INR
Assam424,300 INR
Bihar472,000 INR
Chandigarh351,200 INR
Chhatisgarh413,900 INR
Dadra & Nagar Haveli345,100 INR
Daman & Diu335,800 INR
Delhi399,900 INR
Goa365,400 INR
Gujarat442,200 INR
Haryana403,100 INR
Himachal Pradesh385,300 INR
Jammu & Kashmir394,300 INR
Jharkhand425,100 INR
Karnataka442,300 INR
Kerala420,100 INR
Lakshadweep327,800 INR
Madhya Pradesh454,300 INR
Maharashtra460,500 INR
Manipur376,800 INR
Meghalaya369,300 INR
Mizoram352,000 INR
Nagaland366,200 INR
Orissa425,100 INR
Pondicherry353,600 INR
Punjab409,000 INR
Rajasthan444,300 INR
Sikkim340,400 INR
Tamil Nadu442,200 INR
Tripura376,800 INR
Uttar Pradesh464,400 INR
Uttaranchal384,200 INR
West Bengal451,000 INR

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