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Mahindra Finance Branch Manager salaries in India

Annual salary range
3 - 14 years exp.
₹1.9 Lakh - ₹9.1 Lakhs
Salary of majority employees
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42% less than the average Branch Manager Salary in NBFC Companies for 3 - 14 years of experience

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Salaries in different departments

Finance & Accounting
Branch Manager Salary
3 - 13 years exp. (54 salaries)
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₹2.2 L/yr - ₹8.5 L/yr

BFSI, Investments & Trading
Branch Manager Salary
4 - 12 years exp. (35 salaries)
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₹2.1 L/yr - ₹8 L/yr

Sales & Business Development
Branch Manager Salary
4 - 14 years exp. (32 salaries)
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₹2.2 L/yr - ₹9.1 L/yr

Marketing & Communication
Branch Manager Salary
4 - 10 years exp. (6 salaries)
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₹2.2 L/yr - ₹5.5 L/yr

Customer Success, Service & Operations
Branch Manager Salary
3 - 10 years exp. (5 salaries)
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₹4 L/yr - ₹6.8 L/yr

Last Updated: 5 Jan 2025

Companies similar to Mahindra Finance for Branch Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Branch Manager Salary

5 - 23 years exp. (1.6k salaries)

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₹6.5 L/yr - ₹22.7 L/yr

arrow icon 174% more
5 job openings
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ICICI Bank Branch Manager Salary

5 - 21 years exp. (2.3k salaries)

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₹5.3 L/yr - ₹22 L/yr

arrow icon 148% more
1 job opening
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Axis Bank Branch Manager Salary

8 - 22 years exp. (331 salaries)

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₹6.2 L/yr - ₹24 L/yr

arrow icon 183% more
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Bajaj Finance Branch Manager Salary

4 - 12 years exp. (119 salaries)

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₹2.9 L/yr - ₹8.2 L/yr

arrow icon 12% more
3 job openings
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Tata Capital Branch Manager Salary

3 - 10 years exp. (57 salaries)

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₹3 L/yr - ₹8 L/yr

arrow icon 11% less
3 job openings
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Kotak Mahindra Bank Branch Manager Salary

7 - 20 years exp. (1k salaries)

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₹6.8 L/yr - ₹25.6 L/yr

arrow icon 199% more
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IndusInd Bank Branch Manager Salary

6 - 20 years exp. (1.1k salaries)

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₹6 L/yr - ₹23.6 L/yr

arrow icon 152% more
10 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (586 salaries)

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₹7 L/yr - ₹26 L/yr

arrow icon 191% more
6 job openings
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Yes Bank Branch Manager Salary

7 - 19 years exp. (615 salaries)

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₹5.8 L/yr - ₹22.6 L/yr

arrow icon 169% more
8 job openings
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RBL Bank Branch Manager Salary

11 - 21 years exp. (300 salaries)

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₹7.5 L/yr - ₹28.5 L/yr

arrow icon 223% more
9 job openings
View all
Branch Manager salary at Mahindra Finance ranges between ₹1.9 Lakh to ₹9.1 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 164 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Branch Manager

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11 years exp.
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Experience wise Mahindra Finance Branch Manager salaries

Last Updated: 5 Jan 2025

Experience Avg Annual Salary
3 years  (3 salaries)

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₹3.8 L/yr - ₹4.8 L/yr
4 years  (13 salaries)

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₹1.9 L/yr - ₹5.1 L/yr
5 years  (18 salaries)

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₹2.4 L/yr - ₹6 L/yr
6 years  (22 salaries)

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₹2.7 L/yr - ₹5.4 L/yr
7 years  (19 salaries)

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₹2.2 L/yr - ₹7 L/yr
View all
Mahindra Finance Branch Manager Salary and Career Growth

From

To

Branch Manager

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3 - 14 years exp.

Divisional Manager

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10 - 23 years exp.

Branch Manager 3 - 14 years exp.
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Area Collection Manager 7 - 17 years exp.
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arrow icon 28% hike
Area Business Manager 4 - 18 years exp.
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arrow icon 25% hike

View more

From

3 more levels

To

Branch Manager

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3 - 14 years exp.

Senior Manager

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4 - 14 years exp.

View 1 more career path

Similar Designation salaries in Mahindra Finance

Area Manager Salary
(97 salaries)
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₹3.5 L/yr - ₹14 L/yr
Credit Manager Salary
(85 salaries)
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₹2.3 L/yr - ₹12.24 L/yr
Sales Manager Salary
(107 salaries)
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₹2.1 L/yr - ₹8.2 L/yr
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₹2.5 L/yr - ₹14 L/yr
Branch Head Salary
(19 salaries)
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₹2.5 L/yr - ₹8.5 L/yr
Deputy Manager Salary
(291 salaries)
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₹4 L/yr - ₹12 L/yr
Chief Manager Salary
(40 salaries)
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₹15 L/yr - ₹30 L/yr
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₹2.5 L/yr - ₹6.5 L/yr
Senior Branch Manager Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
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₹5.2 L/yr - ₹9.45 L/yr

Top skills at Mahindra Finance for Branch Manager

Branch Management Sales Planning Cross Selling Home Loans Business Development Team Management Grievance Handling Branch Operations Branch Sales Branch Banking Dealer Management Retail Branch Banking FD Branch Operations Customer Handling

Salary related reviews for Mahindra Finance

3.9

Rated by 48 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 20 Dec 2024

2.0
 for  Salary and Benefits

Likes

Nil

Dislikes

...MFSL is terrible. In the past 5 years from mar 2020 lots of dislikes happened i.e changes in salary stucture, poor increment, management changes, insecurity in job, etc.,

read more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 29 Oct 2024

5.0
 for  Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

read more

Dislikes

So far no issues.

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 31 Jul 2020

1.0
 for  Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

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Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

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BFSI, Investments & Trading Department

2.0
  •  posted on 28 Jun 2022

1.0
 for  Salary and Benefits

Likes

There are no lines except some work life balance. That too is deteriorating offlate.

Dislikes

...ponent. It may or may not provide Performance Pay depending on many variables. New recruits be careful while negotiating salary. The HR will tell Performance Pay is assured and is paid almost certainly. Don't believe that. This is not true. Ask for increment on Fixed, not overall CTC. Just because they mention Performance Pay on offer letter CTC, there is no assurance, that they have to give you. Lots of politics and partiality over Performance. The company used to be good. Not anymore after 2019. HR is meaningless and can't help with anything. Off role employees (colleagues) were laid off with just 15 days salary. Not a professional organisation. Lots of Management issues.

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BFSI, Investments & Trading Department

5.0
  •  posted on 26 Jan 2022

5.0
 for  Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

read more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

read more
see more salary related reviews

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Mahindra Finance Branch Manager Salary FAQs

What is the salary of Branch Manager at Mahindra Finance?
Branch Manager salary at Mahindra Finance in India ranges between ₹1.9 Lakhs to ₹9.1 Lakhs for experience between 3 years to 14 years. According to our estimates it is 42% less than the average Branch Manager Salary in India. Salary estimates are based on 164 latest salaries received from various employees of Mahindra Finance India.
How does the salary of a Branch Manager at Mahindra Finance India compare with the average salary range for this job?
The average salary of a Branch Manager at Mahindra Finance is 42% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Branch Manager at Mahindra Finance?
Branch Management, Sales Planning, Cross Selling, Home Loans and Business Development are some of the popular skills required to work as a Branch Manager at Mahindra Finance India.
Which similar companies are paying more than Mahindra Finance to a Branch Manager in India?
  • RBL Bank Branch Manager Salary - ₹7.5 Lakhs to ₹28.5 Lakhs per year
  • Kotak Mahindra Bank Branch Manager Salary - ₹6.8 Lakhs to ₹25.6 Lakhs per year
  • IDFC FIRST Bank Branch Manager Salary - ₹7.0 Lakhs to ₹26.0 Lakhs per year
  • Axis Bank Branch Manager Salary - ₹6.2 Lakhs to ₹24.0 Lakhs per year
  • HDFC Bank Branch Manager Salary - ₹6.5 Lakhs to ₹22.7 Lakhs per year
What is the salary of a Branch Manager in companies similar to Mahindra Finance in India?
  • Yes Bank Branch Manager Salary - ₹5.8 Lakhs to ₹22.6 Lakhs per year
  • IndusInd Bank Branch Manager Salary - ₹6.0 Lakhs to ₹23.6 Lakhs per year
  • ICICI Bank Branch Manager Salary - ₹5.3 Lakhs to ₹22.0 Lakhs per year
  • HDB Financial Services Branch Manager Salary - ₹4.4 Lakhs to ₹13.2 Lakhs per year
  • Aditya Birla Capital Branch Manager Salary - ₹4.5 Lakhs to ₹12.1 Lakhs per year
What is the estimated take home salary of a Branch Manager at Mahindra Finance in India?
The estimated take-home salary of a Branch Manager at Mahindra Finance ranges between ₹40,080 per month to ₹41,244 per month in India. The take-home salary calculation is based on the average Mahindra Finance Branch Manager salary in India which ranges between ₹1.9 Lakhs to ₹9.1 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Mahindra Finance?
According to AmbitionBox, 72% of the Mahindra Finance Branch Managers reported a notice period of 3 Months, 13% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 104 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance Branch Manager salary in India ranges between ₹1.9 Lakh to ₹9.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 164 Mahindra Finance latest salaries received from various employees of Mahindra Finance.