SMFG India Credit State Head Salaries by 20+ Employees (Updated 2025)

12 - 23 years exp.

₹11.5 Lakhs - ₹28.2 Lakhs

Salary of majority employees

20% more than the average State Head Salary in NBFC Companies for 12 - 23 years of experience

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Salaries in different departments

BFSI, Investments & Trading State Head Salary 15 - 22 years exp. (8 salaries)	₹12 L/yr - ₹27.1 L/yr
Sales & Business Development State Head Salary 15 - 21 years exp. (6 salaries)	₹15.6 L/yr - ₹28.2 L/yr
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Risk Management & Compliance State Head Salary 17 - 20 years exp. (AmbitionBox Estimate)	₹18.8 L/yr - ₹21 L/yr

Last Updated: 23 Feb 2025

Companies similar to SMFG India Credit for State Head

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance State Head Salary 12 - 14 years exp. (5 salaries)	₹16.6 L/yr - ₹23.5 L/yr 2% more
HDFC Bank State Head Salary 10 - 18 years exp. (22 salaries)	₹9 L/yr - ₹32 L/yr 3% less
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ICICI Bank State Head Salary 1 - 18 years exp. (6 salaries)	₹12 L/yr - ₹25 L/yr 11% more
Tata Capital State Head Salary 11 - 23 years exp. (19 salaries)	₹8 L/yr - ₹25 L/yr 8% less	1 job opening
Aditya Birla Capital State Head Salary 9 - 12 years exp. (4 salaries)	₹6 L/yr - ₹19 L/yr 39% less
Mahindra Finance State Head Salary 14 - 17 years exp. (4 salaries)	₹13.8 L/yr - ₹15.5 L/yr 27% less
Shriram Finance State Head Salary 12 - 23 years exp. (8 salaries)	₹13 L/yr - ₹22.2 L/yr 1% more
L&T Finance State Head Salary 9 - 21 years exp. (4 salaries)	₹8.5 L/yr - ₹25 L/yr 4% less
Edelweiss State Head Salary 15 - 17 years exp. (4 salaries)	₹10.3 L/yr - ₹13 L/yr 37% less
Tata Motors Finance State Head Salary 8 - 23 years exp. (28 salaries)	₹6.7 L/yr - ₹24 L/yr 18% less
IIFL SAMASTA State Head Salary 9 - 21 years exp. (9 salaries)	₹9.5 L/yr - ₹19.8 L/yr 21% less
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Bharat Financial Inclusion State Head Salary 5 - 18 years exp. (9 salaries)	₹10.2 L/yr - ₹26.9 L/yr 3% less
Muthoot Fincorp State Head Salary 12 - 19 years exp. (6 salaries)	₹10.4 L/yr - ₹20.5 L/yr 17% less
Aye Finance State Head Salary 11 - 16 years exp. (6 salaries)	₹6.5 L/yr - ₹12 L/yr 49% less	3 job openings
Mahindra Rural Housing Finance State Head Salary 10 - 22 years exp. (6 salaries)	₹11 L/yr - ₹23 L/yr 5% more
TVS Credit State Head Salary 7 - 21 years exp. (6 salaries)	₹9 L/yr - ₹16.3 L/yr 41% less
Muthoot Finance State Head Salary 15 - 20 years exp. (6 salaries)	₹12 L/yr - ₹20 L/yr 12% less
IIFL Finance State Head Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹13.5 L/yr 30% less
Manappuram Finance State Head Salary 15 - 20 years exp. (5 salaries)	₹13.2 L/yr - ₹15 L/yr 28% less
CreditAccess Grameen State Head Salary 13 - 16 years exp. (5 salaries)	₹19.5 L/yr - ₹31 L/yr 26% more

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State Head salary at SMFG India Credit ranges between ₹11.5 Lakhs to ₹28.2 Lakhs per year for employees with experience between 12 years to 23 years. Salary estimates are based on 23 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit State Head salaries

Last Updated: 23 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹13 L/yr - ₹34.4 L/yr
13 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹34.4 L/yr
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14 years (AmbitionBox Estimate)	₹17.2 L/yr - ₹22 L/yr
15+ years (21 salaries)	₹11.5 L/yr - ₹28.2 L/yr

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Salary related reviews for SMFG India Credit

4.5

Rated by 4 employees for salary & benefits

Sales Manager in Kadapa

Full Time

Sales & Business Development Department

5.0

• posted on 22 Mar 2024

5.0

for Salary and Benefits

Likes

I'm happy to work with SMFG company this company is excellent for every employee good salary very good incentives and also good growth 📈 working here thanks to big opportunity for me SMFG india credit

Salary - Excellent

+6 more

Dislikes

Nothing dislike this company it's a very good company more than other NBFC companies

Sales Manager in Chhindwara

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2023

3.0

for Salary and Benefits

Likes

There are many products here from which we get a lot of knowledge

Skill development - Excellent

+5 more

Dislikes

The salary that should have been received according to the work was not known! When the full salary was not received even after completing the achievement goal.

Sales Manager in Jorhat

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 May 2022

5.0

for Salary and Benefits

Likes

...'s worst to selling product due to high interest rate and poor customer service. Other hand, Employees are getting good salary and other benefits.

Salary - Excellent

+4 more

Dislikes

Poor customer service &high interest rate

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.

Sales Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• posted on 16 Sep 2023

4.0

for Salary and Benefits

Likes

Nice company.work condition is good. Get good insentive. Hear work and family can manage easily time manage.

Salary - Good

+2 more

Dislikes

...policy. Company hold the old staff. they can't support new join . No pramotions. They not pay TA DA expenses properly.

Skill development - Bad

+1 more

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Salary Discussions, Hike & Promotions

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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SMFG India Credit State Head Salary FAQs

What is the salary of State Head at SMFG India Credit?

State Head salary at SMFG India Credit in India ranges between ₹11.5 Lakhs to ₹28.2 Lakhs for experience between 12 years to 23 years. According to our estimates it is 20% more than the average State Head Salary in India. Salary estimates are based on 23 latest salaries received from various employees of SMFG India Credit India.

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

The average salary of a State Head at SMFG India Credit is 20% more than the average salary of a State Head in India. To know exact salary insights, login to view.

Which similar companies are paying more than SMFG India Credit to a State Head in India?

Spandana Sphoorty Financial State Head Salary - ₹25.0 Lakhs to ₹30.0 Lakhs per year
CreditAccess Grameen State Head Salary - ₹19.5 Lakhs to ₹31.0 Lakhs per year
ICICI Bank State Head Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
Mahindra Rural Housing Finance State Head Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
Bajaj Finance State Head Salary - ₹16.6 Lakhs to ₹23.5 Lakhs per year

What is the salary of a State Head in companies similar to SMFG India Credit in India?

Shriram Finance State Head Salary - ₹13.0 Lakhs to ₹22.2 Lakhs per year
Bharat Financial Inclusion State Head Salary - ₹10.2 Lakhs to ₹26.9 Lakhs per year
HDFC Bank State Head Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
L&T Finance State Head Salary - ₹8.5 Lakhs to ₹25.0 Lakhs per year
Annapurna Finance State Head Salary - ₹12.0 Lakhs to ₹20.4 Lakhs per year

What is the estimated take home salary of a State Head at SMFG India Credit in India?

The estimated take-home salary of a State Head at SMFG India Credit ranges between ₹1,26,912 per month to ₹1,31,089 per month in India. The take-home salary calculation is based on the average SMFG India Credit State Head salary in India which ranges between ₹11.5 Lakhs to ₹28.2 Lakhs per year for employees with experience between 12 years to 23 years. Check how did we calculate take home salary?

What is the notice period for State Head at SMFG India Credit?

According to AmbitionBox, 93% of the SMFG India Credit State Heads reported a notice period of 3 Months, 7% reported a notice period of 1 Month.This is based on 15 responses on AmbitionBox in last 2 years.

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SMFG India Credit State Head Salaries

SMFG India Credit State Head salary in India ranges between ₹11.5 Lakhs to ₹28.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 SMFG India Credit latest salaries received from various employees of SMFG India Credit.