Bank of Maharashtra Mumbai Credit Officer Salaries by 3 Employees (Updated 2025)

10 - 11 years exp.

₹14.1 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

275% more than the average Credit Officer Salary in Banking Companies for 10 - 11 years of experience

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Last Updated: 16 May 2024

Companies similar to Bank of Maharashtra for Credit Officer in Mumbai

Bank of Maharashtra Credit Officer Salary

10 - 11 years exp. (3 salaries)

₹14.1 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Credit Officer Salary 4 - 6 years exp. (3 salaries)	₹11.8 L/yr - ₹17 L/yr 26% less
ICICI Bank Credit Officer Salary 0 - 7 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 79% less
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Axis Bank Credit Officer Salary 1 - 5 years exp. (8 salaries)	₹2.5 L/yr - ₹5 L/yr 77% less	1 job opening
Kotak Mahindra Bank Credit Officer Salary 1 - 5 years exp. (16 salaries)	₹1.5 L/yr - ₹2.9 L/yr 84% less
Yes Bank Credit Officer Salary 2 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹3.2 L/yr 82% less
Union Bank of India Credit Officer Salary 8 - 10 years exp. (3 salaries)	₹8.8 L/yr - ₹10.7 L/yr 34% less
Ujjivan Small Finance Bank Credit Officer Salary 0 - 8 years exp. (28 salaries)	₹2.9 L/yr - ₹5 L/yr 73% less
IndusInd Bank Credit Officer Salary 1 - 7 years exp. (9 salaries)	₹1.5 L/yr - ₹3.2 L/yr 83% less
Federal Bank Credit Officer Salary 1 - 3 years exp. (8 salaries)	₹4.7 L/yr - ₹16 L/yr 33% less
Bank of Baroda Credit Officer Salary 5 - 12 years exp. (5 salaries)	₹8 L/yr - ₹15 L/yr 13% less
Deutsche Bank Credit Officer Salary 2 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹10.4 L/yr 43% less	2 job openings
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Bank of India Credit Officer Salary 6 - 7 years exp. (4 salaries)	₹8 L/yr - ₹13.5 L/yr 31% less
Indian Overseas Bank Credit Officer Salary 10 - 12 years exp. (3 salaries)	₹15.7 L/yr - ₹18 L/yr 3% more
IDFC FIRST Bank Credit Officer Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹2.5 L/yr 85% less

Credit Officer salary at Bank of Maharashtra ranges between ₹14.1 Lakhs to ₹20 Lakhs per year for employees with experience between 10 years to 11 years. Salary estimates are based on 3 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Credit Officer salaries in Mumbai

Last Updated: 16 May 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹18 L/yr
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11 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹20 L/yr

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Salary related reviews for Bank of Maharashtra

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

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Manager in Patna

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3.0

• posted on 20 Aug 2021

2.0

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

Job security - Good

+2 more

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...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

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Assistant Manager in Pune

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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

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Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

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Likes

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

Salary - Good

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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

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Operations Manager in Pune

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• posted on 09 Dec 2021

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Likes

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

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Skill development - Poor

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Bank of Maharashtra Credit Officer Salary FAQs

What is the notice period for Credit Officer at Bank of Maharashtra in Mumbai?

According to AmbitionBox, 100% of the Bank of Maharashtra Credit Officers in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Credit Officer Salaries in Mumbai

Bank of Maharashtra Credit Officer salary in Mumbai ranges between ₹14.1 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.