Bank of Maharashtra Retail Credit Manager Salaries by 4 Employees (Updated 2025)

9 - 11 years exp.

₹14 Lakhs - ₹18.5 Lakhs

Low Confidence

Salary of majority employees

91% more than the average Retail Credit Manager Salary in Banking Companies for 9 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Retail Credit Manager Salary 9 - 11 years exp. (3 salaries)	₹12.6 L/yr - ₹15.4 L/yr
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Finance & Accounting Retail Credit Manager Salary 11 years exp. (AmbitionBox Estimate)	₹16.7 L/yr - ₹20.4 L/yr

Last Updated: 20 Feb 2025

Companies similar to Bank of Maharashtra for Retail Credit Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Retail Credit Manager Salary 2 - 8 years exp. (16 salaries)	₹5.5 L/yr - ₹12.9 L/yr 42% less
HDFC Bank Retail Credit Manager Salary 2 - 12 years exp. (22 salaries)	₹2.9 L/yr - ₹11 L/yr 52% less
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Tata Capital Housing Finance Retail Credit Manager Salary 4 - 8 years exp. (6 salaries)	₹5.9 L/yr - ₹8.5 L/yr 53% less
Tata Motors Finance Retail Credit Manager Salary 10 - 12 years exp. (5 salaries)	₹9.5 L/yr - ₹10.2 L/yr 34% less
South Indian Bank Retail Credit Manager Salary 6 - 9 years exp. (4 salaries)	₹9.6 L/yr - ₹12.7 L/yr 27% less

Retail Credit Manager salary at Bank of Maharashtra ranges between ₹14 Lakhs to ₹18.5 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Retail Credit Manager salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
10 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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11 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr

Similar Designation salaries in Bank of Maharashtra

Area Credit Manager Salary

(AmbitionBox Estimate)

₹23.9 L/yr - ₹30.5 L/yr

Branch Credit Manager Salary

(AmbitionBox Estimate)

₹8.9 L/yr - ₹11.4 L/yr

Credit Manager Salary

(30 salaries)

₹10 L/yr - ₹20 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Chief Manager Salary

(60 salaries)

₹14 L/yr - ₹40 L/yr

Credit Officer Salary

(11 salaries)

₹8 L/yr - ₹20 L/yr

Collections Manager Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Branch Manager Salary

(77 salaries)

₹8 L/yr - ₹22 L/yr

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

+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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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 Retail Credit Manager Salary FAQs

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

Retail Credit Manager salary at Bank of Maharashtra in India ranges between ₹14.0 Lakhs to ₹18.5 Lakhs for experience between 9 years to 11 years. According to our estimates it is 91% more than the average Retail Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra India.

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

The average salary of a Retail Credit Manager at Bank of Maharashtra is 91% more than the average salary of a Retail Credit Manager in India. To know exact salary insights, login to view.

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

South Indian Bank Retail Credit Manager Salary - ₹9.6 Lakhs to ₹12.7 Lakhs per year
Tata Motors Finance Retail Credit Manager Salary - ₹9.5 Lakhs to ₹10.2 Lakhs per year
ICICI Bank Retail Credit Manager Salary - ₹5.5 Lakhs to ₹12.9 Lakhs per year
HDFC Bank Retail Credit Manager Salary - ₹2.9 Lakhs to ₹11.0 Lakhs per year
Tata Capital Housing Finance Retail Credit Manager Salary - ₹5.9 Lakhs to ₹8.5 Lakhs per year

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

The estimated take-home salary of a Retail Credit Manager at Bank of Maharashtra ranges between ₹1,04,266 per month to ₹1,07,125 per month in India. The take-home salary calculation is based on the average Bank of Maharashtra Retail Credit Manager salary in India which ranges between ₹14.0 Lakhs to ₹18.5 Lakhs per year for employees with experience between 9 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Bank of Maharashtra Retail Credit Managers reported a notice period of 1 Month, 25% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Retail Credit Manager Salaries

Bank of Maharashtra Retail Credit Manager salary in India ranges between ₹14 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.