SMFG India Credit Manager M1 Salaries by 20+ Employees (Updated 2025)

2 - 16 years exp.

₹6.5 Lakhs - ₹15 Lakhs

Salary of majority employees

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7% less than the average Manager M1 Salary in NBFC Companies for 2 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 2 - 16 years exp. (10 salaries)	Unlock ₹6.9 L/yr - ₹13.5 L/yr
Customer Success, Service & Operations Manager M1 Salary 8 - 12 years exp. (5 salaries)	Unlock ₹8.5 L/yr - ₹10.4 L/yr
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Risk Management & Compliance Manager M1 Salary 9 - 10 years exp. (AmbitionBox Estimate)	Unlock ₹7 L/yr - ₹9.8 L/yr
Sales & Business Development Manager M1 Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹11.4 L/yr - ₹15 L/yr

Last Updated: 23 Feb 2025

Companies similar to SMFG India Credit for Manager M1

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Manager M1 Salary 1 - 6 years exp. (4 salaries)	Unlock ₹4 L/yr - ₹5.6 L/yr 62% less
HDFC Bank Manager M1 Salary 6 - 14 years exp. (145 salaries)	Unlock ₹5 L/yr - ₹13.3 L/yr 22% less
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ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	Unlock ₹4.5 L/yr - ₹16 L/yr 4% less
Tata Capital Manager M1 Salary 2 - 5 years exp. (4 salaries)	Unlock ₹4.6 L/yr - ₹6 L/yr 50% less
Mahindra Finance Manager M1 Salary 13 - 17 years exp. (4 salaries)	Unlock ₹10 L/yr - ₹14.8 L/yr 23% more
Muthoot Finance Manager M1 Salary 6 - 12 years exp. (6 salaries)	Unlock ₹3.9 L/yr - ₹8.5 L/yr 45% less
IIFL SAMASTA Manager M1 Salary 6 - 14 years exp. (5 salaries)	Unlock ₹5.8 L/yr - ₹9.2 L/yr 27% less
Muthoot Fincorp Manager M1 Salary 9 - 11 years exp. (5 salaries)	Unlock ₹4.5 L/yr - ₹7 L/yr 48% less
TVS Credit Manager M1 Salary 0 - 11 years exp. (4 salaries)	Unlock ₹7.6 L/yr - ₹8 L/yr 26% less
HDB Financial Services Manager M1 Salary 10 - 22 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹13.5 L/yr 24% less
Bharat Financial Inclusion Manager M1 Salary 5 - 15 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹10 L/yr 32% less
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Muthoot Microfin Manager M1 Salary 7 - 15 years exp. (3 salaries)	Unlock ₹4.1 L/yr - ₹5.5 L/yr 55% less

Manager M1 salary at SMFG India Credit ranges between ₹6.5 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 16 years. Salary estimates are based on 20 latest salaries received from various employees of SMFG India Credit.

Latest annual salaries shared by SMFG India Credit Manager M1

1w ago

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12 years exp.

3w ago

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7 years exp.

3w ago

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16 years exp.

2mo ago

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10 years exp.

3mo ago

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5 years exp.

7mo ago

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2 years exp.

7mo ago

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9 years exp.

11mo ago

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10 years exp.

1y ago

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9 years exp.

1y ago

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12 years exp.

Experience wise SMFG India Credit Manager M1 salaries

Last Updated: 23 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹13.5 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹10.1 L/yr - ₹12.9 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹12.8 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹15 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹6.9 L/yr - ₹12 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹6.5 L/yr - ₹19.5 L/yr
9 years (3 salaries)	Unlock ₹7 L/yr - ₹19.3 L/yr
10 years (3 salaries)	Unlock ₹7 L/yr - ₹13.2 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹8 L/yr - ₹19 L/yr
12 years (3 salaries)	Unlock ₹9.3 L/yr - ₹13.2 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹9.3 L/yr - ₹11.9 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹9.3 L/yr - ₹11.8 L/yr
15+ years (AmbitionBox Estimate)	Unlock ₹9.1 L/yr - ₹18.3 L/yr

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Area Manager Salary

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Salary related reviews for SMFG India Credit

3.6

Rated by 3 employees for salary & benefits

Area Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

Salary - Excellent

+6 more

Dislikes

Only system issues and software not working properly. IT issue.

Operations Executive in Chennai

Full Time

Human Resources Department

3.0

• posted on 02 May 2021

1.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive

Job security - Excellent

+1 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is below decent & career growth is slow. Even during lockdown we worked from home using our personal computer and internet they didn't even give compensation instead reduced our appraisal bonus as 60% and increment as only 6%

Salary - Bad

+3 more

Operations Executive in Mumbai

Customer Success, Service & Operations Department

4.0

• posted on 26 May 2022

3.0

for Salary and Benefits

Likes

...rent learning skills we get not only one same work. Teammates are supportive. About Dislikes - I had worked over 3yrs, but no increment, no bonus, no incentive and all. Only work that's it.

Skill development - Excellent

+5 more

Dislikes

I had worked over 3yrs, but no increment, no bonus, no overtime extra money, no incentive and all. Only work

Relationship Manager in South Karnataka

Customer Success, Service & Operations Department

4.0

• posted on 23 Jul 2021

4.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Dislikes

...ot okThere is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Cluster Manager in Jaipur

BFSI, Investments & Trading Department

4.0

• posted on 03 Apr 2021

4.0

for Salary and Benefits

Likes

Good work environment. Seniors are supportive. HR policies also good. Salaries and bonus are good compare to other NBFC.

Salary - Good

+3 more

Dislikes

Work life balance is not applicable here. 30 days are working and a lot off target pressure. Dont have any training and help how to achieve assigned targets.

Skill development - Poor

+1 more

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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... read more

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SMFG India Credit Manager M1 Salary FAQs

What is the salary of Manager M1 at SMFG India Credit?

Manager M1 salary at SMFG India Credit in India ranges between ₹6.5 Lakhs to ₹15.0 Lakhs for experience between 2 years to 16 years. According to our estimates it is 7% less than the average Manager M1 Salary in India. Salary estimates are based on 20 latest salaries received from various employees of SMFG India Credit India.

How does the salary of a Manager M1 at SMFG India Credit India compare with the average salary range for this job?

The average salary of a Manager M1 at SMFG India Credit is 7% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than SMFG India Credit to a Manager M1 in India?

Mahindra Finance Manager M1 Salary - ₹10.0 Lakhs to ₹14.8 Lakhs per year

What is the salary of a Manager M1 in companies similar to SMFG India Credit in India?

ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹16.0 Lakhs per year
HDFC Bank Manager M1 Salary - ₹5.0 Lakhs to ₹13.3 Lakhs per year
HDB Financial Services Manager M1 Salary - ₹5.0 Lakhs to ₹13.5 Lakhs per year
TVS Credit Manager M1 Salary - ₹7.6 Lakhs to ₹8.0 Lakhs per year
IIFL SAMASTA Manager M1 Salary - ₹5.8 Lakhs to ₹9.2 Lakhs per year

What is the estimated take home salary of a Manager M1 at SMFG India Credit in India?

The estimated take-home salary of a Manager M1 at SMFG India Credit ranges between ₹76,939 per month to ₹78,935 per month in India. The take-home salary calculation is based on the average SMFG India Credit Manager M1 salary in India which ranges between ₹6.5 Lakhs to ₹15.0 Lakhs per year for employees with experience between 2 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at SMFG India Credit?

According to AmbitionBox, 67% of the SMFG India Credit Manager M1s reported a notice period of 3 Months, 13% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 30 responses on AmbitionBox in last 2 years.

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SMFG India Credit Manager M1 Salaries

SMFG India Credit Manager M1 salary in India ranges between ₹6.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 SMFG India Credit latest salaries received from various employees of SMFG India Credit.