Mahindra Finance Banking Executive Salaries by 5 Employees (Updated 2025)

0 - 3 years exp.

₹1.7 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

27% less than the average Banking Executive Salary in NBFC Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Banking Executive Salary 3 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2 L/yr
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Finance & Accounting Banking Executive Salary Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 16 Mar 2023

Companies similar to Mahindra Finance for Banking Executive

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Banking Executive Salary 0 - 7 years exp. (6 salaries)	₹1.2 L/yr - ₹5 L/yr 37% more
HDFC Bank Banking Executive Salary 0 - 7 years exp. (199 salaries)	₹1.2 L/yr - ₹6 L/yr 48% more
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Cholamandalam Investment & Finance Banking Executive Salary 2 - 9 years exp. (4 salaries)	₹2.5 L/yr - ₹5 L/yr 67% more
Muthoot Finance Banking Executive Salary 1 - 5 years exp. (8 salaries)	₹2 L/yr - ₹3.3 L/yr 22% more
Aditya Birla Capital Banking Executive Salary 1 - 12 years exp. (3 salaries)	₹1.8 L/yr - ₹6.3 L/yr 71% more
Edelweiss Banking Executive Salary 1 - 6 years exp. (3 salaries)	₹1.8 L/yr - ₹3 L/yr 18% more
IIFL Finance Banking Executive Salary 1 - 5 years exp. (12 salaries)	₹2 L/yr - ₹3.9 L/yr 38% more
Muthoot Fincorp Banking Executive Salary 1 - 5 years exp. (9 salaries)	₹1.5 L/yr - ₹3.3 L/yr 39% more
TVS Credit Banking Executive Salary 2 - 6 years exp. (8 salaries)	₹1.4 L/yr - ₹4.5 L/yr 10% less
Kotak Mahindra Prime Banking Executive Salary 2 - 6 years exp. (7 salaries)	₹2 L/yr - ₹2.4 L/yr 10% more
Bharat Financial Inclusion Banking Executive Salary 1 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹5 L/yr 68% more
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Satin Creditcare Network Banking Executive Salary 3 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.2 L/yr 35% more
Manappuram Finance Banking Executive Salary 0 - 2 years exp. (4 salaries)	₹2.2 L/yr - ₹3 L/yr 24% more
Capri Global Capital Banking Executive Salary 0 - 9 years exp. (4 salaries)	₹1.9 L/yr - ₹3.8 L/yr 17% more
PNB Housing Finance Banking Executive Salary 5 - 7 years exp. (4 salaries)	₹2 L/yr - ₹3.2 L/yr 43% more
Poonawalla Fincorp Banking Executive Salary 2 - 4 years exp. (4 salaries)	₹1.7 L/yr - ₹3.2 L/yr 16% more
Mahindra Rural Housing Finance Banking Executive Salary 2 - 4 years exp. (3 salaries)	₹2 L/yr - ₹2.8 L/yr 18% more
SK Finance Limited Banking Executive Salary 1 - 3 years exp. (3 salaries)	₹1.4 L/yr - ₹2 L/yr 21% less
CreditAccess Grameen Banking Executive Salary 1 year exp. (3 salaries)	₹0.5 L/yr - ₹1.4 L/yr 48% less
SMFG India Credit Banking Executive Salary 1 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹2.9 L/yr 25% more

Banking Executive salary at Mahindra Finance ranges between ₹1.7 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Banking Executive salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2 L/yr

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Salary related reviews for Mahindra Finance

1.8

Rated by 2 employees for salary & benefits

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.

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

Finance Executive in Haryana ,Rohtak

BFSI, Investments & Trading Department

4.0

• posted on 01 May 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and but they give low salary hike and but bonus every year.

Salary - Good

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a no bond of 2 years before which you cannot resign. On the job training is given to new joinees.

Job security - Bad

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

Sales Executive in Moradabad

Finance & Accounting Department

5.0

• posted on 28 Apr 2021

5.0

for Salary and Benefits

Likes

Overall my current company is good for learning about the sales, competition, working ethics and most important how to writing mail, good working environment and culture. Clear and transparent policies.

Salary - Excellent

+5 more

Dislikes

...wth is slow. And appraisal is not done last year and not done in this year aslo. No salary increment and yearly bonus also stopped.

see more salary related reviews

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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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Mahindra Finance Banking Executive Salary FAQs

What is the salary of Banking Executive at Mahindra Finance?

Banking Executive salary at Mahindra Finance in India ranges between ₹1.7 Lakhs to ₹2.5 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 27% less than the average Banking Executive Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Banking Executive at Mahindra Finance is 27% less than the average salary of a Banking Executive in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Banking Executive in India?

Aditya Birla Capital Banking Executive Salary - ₹1.8 Lakhs to ₹6.3 Lakhs per year
Bharat Financial Inclusion Banking Executive Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
Cholamandalam Investment & Finance Banking Executive Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
HDFC Bank Banking Executive Salary - ₹1.2 Lakhs to ₹6.0 Lakhs per year
PNB Housing Finance Banking Executive Salary - ₹2.0 Lakhs to ₹3.2 Lakhs per year

What is the salary of a Banking Executive in companies similar to Mahindra Finance in India?

Muthoot Fincorp Banking Executive Salary - ₹1.5 Lakhs to ₹3.3 Lakhs per year
IIFL Finance Banking Executive Salary - ₹2.0 Lakhs to ₹3.9 Lakhs per year
Bajaj Finance Banking Executive Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Satin Creditcare Network Banking Executive Salary - ₹2.5 Lakhs to ₹3.2 Lakhs per year
SMFG India Credit Banking Executive Salary - ₹1.5 Lakhs to ₹2.9 Lakhs per year

What is the estimated take home salary of a Banking Executive at Mahindra Finance in India?

The estimated take-home salary of a Banking Executive at Mahindra Finance ranges between ₹14,178 per month to ₹15,675 per month in India. The take-home salary calculation is based on the average Mahindra Finance Banking Executive salary in India which ranges between ₹1.7 Lakhs to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Banking Executive at Mahindra Finance?

According to AmbitionBox, 100% of the Mahindra Finance Banking Executives reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Mahindra Finance Banking Executive Salaries

Mahindra Finance Banking Executive salary in India ranges between ₹1.7 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.