Education: BTech in Computer Science
Years of Experience: 1
Prior Experience: Mid Sized Product based company.
Current Salary: 10.5 LPA
Date of the Offer: April 2022
Company: Bank Bazaar
Title/Level: Software Development Engineer 1
Location: Bangalore
Base: ₹ 16 LPA
Relocation: 0
Signing Bonus: 0
Stock bonus: 0
Total comp (Salary + Bonus + Stock): 16 LPA (PF included)
No competing offers.
My Expectation: Switch to 20+ LPA SDE1 in a reputed company now or wait for 1 year and switch to SDE 2 roles.

Need advice! Is better to accept this offer and try for other competing offers or reject it? 20LPA is the median salary at Bankbazaar for sde1, even the recruiter admits it. But he is not ready to offer that stating my current compensation.