Bank of Maharashtra Credit Manager Salaries by 20+ Employees (Updated 2025)

5 - 9 years exp.

₹10 Lakhs - ₹20 Lakhs

Salary of majority employees

91% more than the average Credit Manager Salary in Banking Companies for 5 - 9 years of experience

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Salaries in different departments

Finance & Accounting Credit Manager Salary 5 - 8 years exp. (13 salaries)	₹11.5 L/yr - ₹20 L/yr
BFSI, Investments & Trading Credit Manager Salary 5 - 9 years exp. (12 salaries)	₹10 L/yr - ₹19 L/yr
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Data Science & Analytics Credit Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹14.4 L/yr

Last Updated: 16 Mar 2025

Companies similar to Bank of Maharashtra for Credit Manager

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Credit Manager Salary 0 - 10 years exp. (823 salaries)	₹3 L/yr - ₹13.5 L/yr 48% less
AU Small Finance Bank Credit Manager Salary 0 - 11 years exp. (518 salaries)	₹2.4 L/yr - ₹9 L/yr 60% less
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Yes Bank Credit Manager Salary 0 - 12 years exp. (416 salaries)	₹4.2 L/yr - ₹14.3 L/yr 41% less	1 job opening
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (210 salaries)	₹3.4 L/yr - ₹13.1 L/yr 47% less	1 job opening
Bank of Baroda Credit Manager Salary 4 - 13 years exp. (210 salaries)	₹7 L/yr - ₹24 L/yr 17% more
Jana Small Finance Bank Credit Manager Salary 2 - 12 years exp. (190 salaries)	₹1.5 L/yr - ₹10 L/yr 60% less
Equitas Small Finance Bank Credit Manager Salary 2 - 15 years exp. (175 salaries)	₹2.2 L/yr - ₹9.7 L/yr 63% less	8 job openings
Ujjivan Small Finance Bank Credit Manager Salary 0 - 10 years exp. (134 salaries)	₹2.7 L/yr - ₹9.2 L/yr 65% less
IDBI Bank Credit Manager Salary 3 - 17 years exp. (107 salaries)	₹8.5 L/yr - ₹28.9 L/yr 33% more
Bank of India Credit Manager Salary 5 - 11 years exp. (88 salaries)	₹7 L/yr - ₹21 L/yr 9% less

View all

Credit Manager salary at Bank of Maharashtra ranges between ₹10 Lakhs to ₹20 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 28 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Credit Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
5 years (5 salaries)	₹10 L/yr - ₹16 L/yr
6 years (8 salaries)	₹10 L/yr - ₹18 L/yr
Login to view exact salary
7 years (8 salaries)	₹10 L/yr - ₹20 L/yr
8 years (5 salaries)	₹11 L/yr - ₹19 L/yr
9 years (AmbitionBox Estimate)	₹14 L/yr - ₹28.4 L/yr

From

Credit Manager

₹

Lakhs/yr

5 - 9 years exp.

Chief Manager

₹

Lakhs/yr

9 - 15 years exp.

Credit Manager 5 - 9 years exp.

Senior Manager 8 - 14 years exp.

42% hike

Chief Manager 9 - 15 years exp.

23% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bank of Maharashtra

Credit Officer Salary

(11 salaries)

₹8 L/yr - ₹20 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹23.9 L/yr - ₹30.5 L/yr

Branch Manager Salary

(76 salaries)

₹8 L/yr - ₹22 L/yr

Deputy Manager Salary

(78 salaries)

₹5 L/yr - ₹12 L/yr

Chief Manager Salary

(60 salaries)

₹14 L/yr - ₹40 L/yr

Credit Analyst Salary

(7 salaries)

₹13 L/yr - ₹19 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Branch Credit Manager Salary

(AmbitionBox Estimate)

₹8.9 L/yr - ₹11.4 L/yr

Deputy Credit Manager Salary

(4 salaries)

₹8.8 L/yr - ₹12 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Salary related reviews for Bank of Maharashtra

2.6

Rated by 4 employees for salary & benefits

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Salary - Good

+1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Skill development - Poor

+4 more

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Job security - Good

+2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Salary - Poor

+2 more

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Job security - Good

+1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Salary - Bad

+4 more

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Bank of Maharashtra Credit Manager Salary FAQs

What is the salary of Credit Manager at Bank of Maharashtra ?

The average salary of a Credit Manager at Bank of Maharashtra in India typically ranges from ₹10.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Credit Manager at Bank of Maharashtra earn more than ₹19.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Credit Manager Salaries at Bank of Maharashtra can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 20+ Bank of Maharashtra employees in India.

What is the estimated take home salary of a Credit Manager at Bank of Maharashtra in India?

The estimated take-home salary of a Credit Manager at Bank of Maharashtra in India typically ranges from ₹1,03,220 to ₹1,06,045 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 5 years to 9 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of Maharashtra for Credit Manager in India?

IDBI Bank	₹8.5 Lakhs to ₹28.9 Lakhs per year
Barclays	₹8.0 Lakhs to ₹27.0 Lakhs per year
Bank of Baroda	₹7.0 Lakhs to ₹24.0 Lakhs per year
Deutsche Bank	₹7.8 Lakhs to ₹27.0 Lakhs per year
Federal Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of Maharashtra, depending on the role and experience level.

What is the salary of a Credit Manager in companies similar to Bank of Maharashtra in India?

The salary of a Credit Manager at companies similar to Bank of Maharashtra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Indian Overseas Bank	₹11.0 Lakhs to ₹17.0 Lakhs per year
DBS Bank	₹7.2 Lakhs to ₹26.3 Lakhs per year
Standard Chartered	₹7.1 Lakhs to ₹22.0 Lakhs per year
NatWest Group	₹11.5 Lakhs to ₹22.6 Lakhs per year
Central Bank of India	₹10.0 Lakhs to ₹17.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Credit Manager at Bank of Maharashtra in India?

The salary growth for a Credit Manager at Bank of Maharashtra depends on factors such as experience, performance, and promotions. On average, a Credit Manager can expect the following growth trajectory at Bank of Maharashtra:

Experience	Average Salary Range
5 years	₹10.0 Lakhs to ₹16.0 Lakhs per year
6 years	₹10.0 Lakhs to ₹18.0 Lakhs per year
7 years	₹10.0 Lakhs to ₹20.0 Lakhs per year
8 years	₹11.0 Lakhs to ₹19.0 Lakhs per year

and so on.

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Bank of Maharashtra Credit Manager Salaries by Location

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Bank of Maharashtra Credit Manager Salaries

Bank of Maharashtra Credit Manager salary in India ranges between ₹10 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 28 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.

Bank of Maharashtra Credit Manager salaries in India (Updated 2025)

Companies similar to Bank of Maharashtra for Credit Manager

Latest annual salaries shared by Bank of Maharashtra Credit Manager

Experience wise Bank of Maharashtra Credit Manager salaries

Similar Designation salaries in Bank of Maharashtra

Salary related reviews for Bank of Maharashtra

Branch Manager in Pune

Manager in Patna

Assistant Manager in Pune

Manager in Gujarat

Operations Manager in Pune

Bank of Maharashtra Credit Manager Salary FAQs

Tell us how to improve this page.

Bank of Maharashtra Credit Manager Salaries by Location