Mahindra Finance Collection Officer Salaries by 100+ Employees (Updated 2025)

1 - 8 years exp.

₹1.5 Lakh - ₹4.5 Lakhs

Salary of majority employees

At par with the average Collection Officer Salary in NBFC Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting Collection Officer Salary 1 - 8 years exp. (66 salaries)	₹1.5 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading Collection Officer Salary 1 - 6 years exp. (21 salaries)	₹1.7 L/yr - ₹3.8 L/yr
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Sales & Business Development Collection Officer Salary 2 - 6 years exp. (10 salaries)	₹2 L/yr - ₹3.9 L/yr
Customer Success, Service & Operations Collection Officer Salary 1 - 6 years exp. (4 salaries)	₹1.9 L/yr - ₹4 L/yr
Marketing & Communication Collection Officer Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.4 L/yr

Last Updated: 27 Jan 2025

Companies similar to Mahindra Finance for Collection Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collection Officer Salary 0 - 7 years exp. (428 salaries)	₹1.2 L/yr - ₹4.3 L/yr 10% less
Bajaj Finance Collection Officer Salary 0 - 8 years exp. (213 salaries)	₹1.1 L/yr - ₹5.6 L/yr 27% more
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ICICI Bank Collection Officer Salary 2 - 6 years exp. (55 salaries)	₹1.3 L/yr - ₹3.6 L/yr 12% less
Axis Bank Collection Officer Salary 1 - 10 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 10% less
Kotak Mahindra Bank Collection Officer Salary 2 - 8 years exp. (53 salaries)	₹1.6 L/yr - ₹4.1 L/yr 5% less
Tata Capital Collection Officer Salary 1 - 12 years exp. (37 salaries)	₹2 L/yr - ₹4.4 L/yr 14% more	9 job openings
L&T Finance Collection Officer Salary 1 - 7 years exp. (341 salaries)	₹1.2 L/yr - ₹3.9 L/yr 17% less
IndusInd Bank Collection Officer Salary 0 - 9 years exp. (91 salaries)	₹1.4 L/yr - ₹4.5 L/yr 3% less
IDFC FIRST Bank Collection Officer Salary 0 - 9 years exp. (101 salaries)	₹1.8 L/yr - ₹3.9 L/yr 5% less
Aditya Birla Finance Collection Officer Salary 1 - 9 years exp. (48 salaries)	₹2.5 L/yr - ₹5.2 L/yr 42% more
HDB Financial Services Collection Officer Salary 0 - 8 years exp. (678 salaries)	₹1 L/yr - ₹4.5 L/yr 14% less	1 job opening
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Sammaan Capital Limited Collection Officer Salary 0 - 8 years exp. (291 salaries)	₹1.7 L/yr - ₹3.7 L/yr 5% less
SMFG India Credit Collection Officer Salary 0 - 6 years exp. (93 salaries)	₹1 L/yr - ₹4.5 L/yr 3% more
IIFL Finance Collection Officer Salary 0 - 7 years exp. (62 salaries)	₹1.8 L/yr - ₹4.2 L/yr 10% more	1 job opening
Poonawalla Fincorp Collection Officer Salary 0 - 8 years exp. (59 salaries)	₹1.8 L/yr - ₹3.6 L/yr 7% less
Cholamandalam Investment & Finance Collection Officer Salary 3 - 8 years exp. (56 salaries)	₹1.5 L/yr - ₹4.2 L/yr 1% more
TVS Credit Collection Officer Salary 3 - 8 years exp. (36 salaries)	₹1.5 L/yr - ₹4.6 L/yr 4% more
Shriram Finance Collection Officer Salary 1 - 9 years exp. (44 salaries)	₹1.9 L/yr - ₹4.5 L/yr 10% more
Edelweiss Collection Officer Salary 2 - 10 years exp. (30 salaries)	₹2.4 L/yr - ₹4.5 L/yr 14% more
IDFC FIRST Bharat Collection Officer Salary 0 - 6 years exp. (30 salaries)	₹1.2 L/yr - ₹4 L/yr 20% less

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Collection Officer salary at Mahindra Finance ranges between ₹1.5 Lakh to ₹4.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 144 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collection Officer salaries

Last Updated: 27 Jan 2025

Experience	Avg Annual Salary
1 year (12 salaries)	₹1.8 L/yr - ₹3 L/yr
2 years (23 salaries)	₹1.5 L/yr - ₹3.3 L/yr
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3 years (22 salaries)	₹1.8 L/yr - ₹3.3 L/yr
4 years (16 salaries)	₹1.7 L/yr - ₹3.6 L/yr
5 years (23 salaries)	₹2 L/yr - ₹4 L/yr
6 years (21 salaries)	₹2.1 L/yr - ₹4.3 L/yr
7 years (13 salaries)	₹2 L/yr - ₹4 L/yr
8 years (14 salaries)	₹2.4 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in Mahindra Finance

Collections Manager Salary

(78 salaries)

₹1.5 L/yr - ₹5.5 L/yr

Senior Collection Officer Salary

(25 salaries)

₹2.3 L/yr - ₹5.1 L/yr

Collection Associate Salary

(13 salaries)

₹2.18 L/yr - ₹3.5 L/yr

Sales Officer Salary

(56 salaries)

₹1.1 L/yr - ₹4.56 L/yr

Relationship Officer Salary

(6 salaries)

₹2.8 L/yr - ₹2.96 L/yr

Field Officer Salary

(24 salaries)

₹1.8 L/yr - ₹4.6 L/yr

Recovery Officer Salary

(28 salaries)

₹1.8 L/yr - ₹3.63 L/yr

Area Collection Manager Salary

(190 salaries)

₹2.35 L/yr - ₹11.57 L/yr

Officer Salary

(5 salaries)

₹1.86 L/yr - ₹2.8 L/yr

Computer Operator Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Top skills at Mahindra Finance for Collection Officer

Collections Debt Collection Debt Recovery Collection Management Debt Collections Recovery Direct Sales Debt Management Field Collections Sales Cash Collection Field Sales Recovery Debt Recovery

Salary related reviews for Mahindra Finance

4.0

Rated by 60 employees for salary & benefits

Collection Officer in Dehradoon

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

There is nothing to say on this matter... Because its really unworthy to work on this company.

Dislikes

...ny. 4- high authority recommended person will get promoted rather than others. 5- doesn't want to pay their employes good enough as others companies do 6- very poor incentive slabs and criteria. Many more........things to be change..

Salary - Bad

+5 more

Deputy Manager in Mumbai

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.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Back Office Executive in Faizabad

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jul 2023

1.0

for Salary and Benefits

Likes

ONLY TO KNOW THAT HOW NBFC ARE WORKING AND WHAT ARE THIER PROCEDURE TO FIVE LOAN TO THE CUSTOMERS..

Dislikes

NO FAIR APRRAISAL & PROMOTIONS TO THE EMPLOYEES. IN A VERY SMALL SALARY LOTS OF WORK TO THE EMPLOYEE...AND MOST IMPORTANTLY FAVOURTISM AND REFERENCES WORKS INSTEAD OF HARDWORK HERE...

Salary - Bad

+6 more

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 21 Jun 2023

4.0

for Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

Salary - Good

+3 more

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

Promotions - Poor

Relationship Manager in Chandigarh

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.

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.

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Mahindra Finance Collection Officer Salary FAQs

What is the salary of Collection Officer at Mahindra Finance?

Collection Officer salary at Mahindra Finance in India ranges between ₹1.5 Lakhs to ₹4.5 Lakhs for experience between 1 years to 8 years. According to our estimates it is 4% more than the average Collection Officer Salary in India. Salary estimates are based on 144 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Collection Officer at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Collection Officer at Mahindra Finance is 4% more than the average salary of a Collection Officer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Collection Officer at Mahindra Finance?

Collections, Debt Collection, Debt Recovery, Collection Management and Debt are some of the popular skills required to work as a Collection Officer at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a Collection Officer in India?

Aditya Birla Finance Collection Officer Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year
Aditya Birla Capital Collection Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Bajaj Finance Collection Officer Salary - ₹1.1 Lakhs to ₹5.6 Lakhs per year
Manappuram Finance Collection Officer Salary - ₹2.8 Lakhs to ₹4.5 Lakhs per year
Capri Global Capital Collection Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Collection Officer in companies similar to Mahindra Finance in India?

Edelweiss Collection Officer Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year
Tata Capital Collection Officer Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
Shriram Finance Collection Officer Salary - ₹1.9 Lakhs to ₹4.5 Lakhs per year
IIFL Finance Collection Officer Salary - ₹1.8 Lakhs to ₹4.2 Lakhs per year
TVS Credit Collection Officer Salary - ₹1.5 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Collection Officer at Mahindra Finance in India?

The estimated take-home salary of a Collection Officer at Mahindra Finance ranges between ₹19,927 per month to ₹21,591 per month in India. The take-home salary calculation is based on the average Mahindra Finance Collection Officer salary in India which ranges between ₹1.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Collection Officer at Mahindra Finance?

According to AmbitionBox, 52% of the Mahindra Finance Collection Officers reported a notice period of 1 Month, 22% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 128 responses on AmbitionBox in last 2 years.

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Mahindra Finance Collection Officer Salaries

Mahindra Finance Collection Officer salary in India ranges between ₹1.5 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 144 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Collection Officer salaries in India

Companies similar to Mahindra Finance for Collection Officer

Latest annual salaries shared by Mahindra Finance Collection Officer

Experience wise Mahindra Finance Collection Officer salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Collection Officer

Salary related reviews for Mahindra Finance

Collection Officer in Dehradoon

Deputy Manager in Mumbai

Back Office Executive in Faizabad

Collections Manager in New Delhi

Relationship Manager in Chandigarh

Mahindra Finance Collection Officer Salary FAQs

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Mahindra Finance Collection Officer Salaries by Location