Mahindra Finance Varanasi Area Collection Manager Salaries by 8 Employees (Updated 2025)

8 - 13 years exp.

₹4.8 Lakhs - ₹8.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

22% less than the average Area Collection Manager Salary in NBFC Companies for 8 - 13 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Finance & Accounting Area Collection Manager Salary 8 - 13 years exp. (5 salaries)	₹4.8 L/yr - ₹8.5 L/yr
Sales & Business Development Area Collection Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.3 L/yr
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BFSI, Investments & Trading Area Collection Manager Salary 13 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹8.1 L/yr

Last Updated: 29 Jan 2025

Companies similar to Mahindra Finance for Area Collection Manager in Varanasi

Mahindra Finance Area Collection Manager Salary

8 - 13 years exp. (8 salaries)

₹4.8 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Cholamandalam Investment & Finance Area Collection Manager Salary 8 - 15 years exp. (4 salaries)	₹9.6 L/yr - ₹12.6 L/yr 58% more	7 job openings

Area Collection Manager salary at Mahindra Finance ranges between ₹4.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Area Collection Manager salaries in Varanasi

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
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10 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
11 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
13 years (3 salaries)	₹6.4 L/yr - ₹8.5 L/yr

View all

From

Area Collection Manager

₹

Lakhs/yr

8 - 16 years exp.

Divisional Manager

₹

Lakhs/yr

9 - 24 years exp.

Area Collection Manager 8 - 16 years exp.

Area Business Manager 5 - 18 years exp.

29% hike

Divisional Manager 9 - 24 years exp.

107% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Mahindra Finance

Senior Collection Executive Salary

(5 salaries)

₹2.45 L/yr - ₹4.45 L/yr

Top skills at Mahindra Finance for Area Collection Manager

Loan Recovery Collection Management Collection Management Collections Collections Team Handling Debt Recovery Recovery Team Handling Field Collections Npa Retail Sales Recovery Management Collateral Management Debt Collection

Salary related reviews for Mahindra Finance

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 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.

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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Finance Area Collection Manager Salary FAQs

What is the salary of Area Collection Manager at Mahindra Finance in Varanasi?

The average salary of a Area Collection Manager at Mahindra Finance in Varanasi typically ranges from ₹4.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Area Collection Manager in Varanasi at Mahindra Finance earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Area Collection Manager Salaries at Mahindra Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 8 Mahindra Finance employees in India.

What is the estimated take home salary of a Area Collection Manager at Mahindra Finance in Varanasi?

The estimated take-home salary of a Area Collection Manager at Mahindra Finance in Varanasi typically ranges from ₹51,231 to ₹52,439 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 8 years to 13 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Collection Manager at Mahindra Finance in Varanasi?

To be a Area Collection Manager at Mahindra Finance in Varanasi, the key skills required include:

- Loan Recovery
- Collection Management
- Collection Management
- Collections
- Collections

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Finance for Area Collection Manager in India?

Cholamandalam Investment & Finance

₹9.6 Lakhs to ₹12.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Finance, depending on the role and experience level.

How the salary growth look like for a Area Collection Manager at Mahindra Finance in Varanasi?

The salary growth for a Area Collection Manager at Mahindra Finance in Varanasi depends on factors such as experience, performance, and promotions. On average, a Area Collection Manager in Varanasi can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
8 years	₹5.4 Lakhs to ₹7.0 Lakhs per year
9 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
10 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
11 years	₹5.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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Mahindra Finance Area Collection Manager Salaries in Varanasi

Mahindra Finance Area Collection Manager salary in Varanasi ranges between ₹4.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mahindra Finance latest salaries received from various employees of Mahindra Finance.