Mahindra Finance Banking Officer Salaries by 2 Employees (Updated 2025)

4 - 15 years exp.

₹5.2 Lakhs - ₹6.7 Lakhs

Low Confidence

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Last Updated: 18 Sep 2024

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Banking Officer salary at Mahindra Finance ranges between ₹5.2 Lakhs to ₹6.7 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 2 latest salaries received from various employees of Mahindra Finance.

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Salary related reviews for Mahindra Finance

4.0

Rated by 1 employees for salary & benefits

Banking Officer (working remotely)

Part Time

Customer Success, Service & Operations Department

4.0

• posted on 19 Apr 2023

4.0

for Salary and Benefits

Likes

Mahindra finance started on 1 January 1991 as Maxi Motors Financial Services Limited They received the certificate of commencement of business on 19 Feburary 1991 on 3 November 1992 Mahindra finance is registered with the reserve Bank of india as an asset finance deposit taking NBFC.

Dislikes

... nothing much to do this is not across every dept though . Depends on your RA. A bit too relaxed work environment the salary structure is not up to the mark compared to other NBFCs, especially the bonus components.

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.

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.

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.

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.

Deputy Manager in Chandigarh Sector 34 A

Full Time

Finance & Accounting Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

I m working with this company since 17 years. There is well work life balance. Time to time new technology introduced by Co. And get trained by them. This Co. Is great place to work..

Dislikes

Only salary package..

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I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Mahindra Finance Banking Officer Salary FAQs

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

According to AmbitionBox, 50% of the Mahindra Finance Banking Officers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Mahindra Finance Banking Officer Salaries

Mahindra Finance Banking Officer salary in India ranges between ₹5.2 Lakhs to ₹6.7 Lakhs. This is an estimate based on latest salaries received from employees of Mahindra Finance.