Bank of Maharashtra Credit Manager Salaries by 30+ Employees (Updated 2025)

5 - 10 years exp.

₹10 Lakhs - ₹20 Lakhs

Salary of majority employees

92% more than the average Credit Manager Salary in Banking Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Manager Salary 5 - 10 years exp. (14 salaries)	₹10 L/yr - ₹20 L/yr
Finance & Accounting Credit Manager Salary 5 - 8 years exp. (13 salaries)	₹11.5 L/yr - ₹20 L/yr
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Data Science & Analytics Credit Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹14.7 L/yr

Last Updated: 1 Feb 2025

Companies similar to Bank of Maharashtra for Credit Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Credit Manager Salary 3 - 14 years exp. (47 salaries)	₹10 L/yr - ₹32 L/yr 28% more
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.1k salaries)	₹4.3 L/yr - ₹15 L/yr 33% less
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HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.7k salaries)	₹3.5 L/yr - ₹14.3 L/yr 43% less	6 job openings
Axis Bank Credit Manager Salary 0 - 13 years exp. (826 salaries)	₹4 L/yr - ₹14.8 L/yr 40% less
Punjab National Bank Credit Manager Salary 4 - 9 years exp. (45 salaries)	₹6.8 L/yr - ₹20 L/yr 7% more
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹4 L/yr - ₹14.5 L/yr 39% less
Bank of Baroda Credit Manager Salary 4 - 13 years exp. (212 salaries)	₹7 L/yr - ₹24 L/yr 14% more
Canara Bank Credit Manager Salary 7 - 12 years exp. (36 salaries)	₹11.1 L/yr - ₹26 L/yr 26% more
IndusInd Bank Credit Manager Salary 2 - 12 years exp. (226 salaries)	₹3.2 L/yr - ₹13 L/yr 48% less
Yes Bank Credit Manager Salary 0 - 10 years exp. (435 salaries)	₹4.5 L/yr - ₹14.7 L/yr 41% less

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Credit Manager salary at Bank of Maharashtra ranges between ₹10 Lakhs to ₹20 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 30 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Credit Manager salaries

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
5 years (5 salaries)	₹10 L/yr - ₹15.4 L/yr
6 years (8 salaries)	₹10 L/yr - ₹18 L/yr
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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 - ₹28.1 L/yr
10 years (AmbitionBox Estimate)	₹15 L/yr - ₹20 L/yr

View all

From

Credit Manager

₹

Lakhs/yr

5 - 10 years exp.

Chief Manager

₹

Lakhs/yr

9 - 15 years exp.

Credit Manager 5 - 10 years exp.

Senior Manager 8 - 14 years exp.

36% hike

Chief Manager 9 - 15 years exp.

28% 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

(77 salaries)

₹8 L/yr - ₹22 L/yr

Deputy Manager Salary

(80 salaries)

₹5 L/yr - ₹13 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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Bank of Maharashtra Credit Manager Salary FAQs

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

Credit Manager salary at Bank of Maharashtra in India ranges between ₹10.0 Lakhs to ₹20.0 Lakhs for experience between 5 years to 10 years. According to our estimates it is 92% more than the average Credit Manager Salary in India. Salary estimates are based on 30 latest salaries received from various employees of Bank of Maharashtra India.

How does the salary of a Credit Manager at Bank of Maharashtra India compare with the average salary range for this job?

The average salary of a Credit Manager at Bank of Maharashtra is 92% more than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of Maharashtra to a Credit Manager in India?

Barclays Credit Manager Salary - ₹11.2 Lakhs to ₹27.0 Lakhs per year
IDBI Bank Credit Manager Salary - ₹8.0 Lakhs to ₹32.0 Lakhs per year
State Bank of India Credit Manager Salary - ₹10.0 Lakhs to ₹32.0 Lakhs per year
Canara Bank Credit Manager Salary - ₹11.1 Lakhs to ₹26.0 Lakhs per year
Deutsche Bank Credit Manager Salary - ₹7.8 Lakhs to ₹27.0 Lakhs per year

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

Bank of Baroda Credit Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year
Punjab National Bank Credit Manager Salary - ₹6.8 Lakhs to ₹20.0 Lakhs per year
Federal Bank Credit Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
Indian Overseas Bank Credit Manager Salary - ₹11.0 Lakhs to ₹17.0 Lakhs per year
DBS Bank Credit Manager Salary - ₹7.2 Lakhs to ₹26.3 Lakhs per year

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 ranges between ₹1,03,172 per month to ₹1,05,996 per month in India. The take-home salary calculation is based on the average Bank of Maharashtra Credit Manager salary in India which ranges between ₹10.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Bank of Maharashtra?

According to AmbitionBox, 68% of the Bank of Maharashtra Credit Managers reported a notice period of 3 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 25 responses on AmbitionBox in last 2 years.

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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 30 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.

Bank of Maharashtra Credit Manager salaries in India

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

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Bank of Maharashtra Credit Manager Salaries by Location