Mahindra Finance Branch Collection Manager Salaries by 5 Employees (Updated 2024)

5 - 10 years exp.

₹2 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

39% less than the average Branch Collection Manager Salary in NBFC Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Collection Manager Salary 10 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr
Finance & Accounting Branch Collection Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Marketing & Communication Branch Collection Manager Salary 8 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.2 L/yr

Last Updated: 14 Dec 2024

Companies similar to Mahindra Finance for Branch Collection Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Branch Collection Manager Salary 3 - 5 years exp. (6 salaries)	₹3.5 L/yr - ₹5.9 L/yr 81% more
HDFC Bank Branch Collection Manager Salary 5 - 16 years exp. (5 salaries)	₹3.6 L/yr - ₹9.4 L/yr 129% more
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Shriram Finance Branch Collection Manager Salary 4 - 11 years exp. (207 salaries)	₹2.5 L/yr - ₹6.6 L/yr 48% more
L&T Finance Branch Collection Manager Salary 5 - 7 years exp. (5 salaries)	₹3 L/yr - ₹6.7 L/yr 65% more
Cholamandalam Investment & Finance Branch Collection Manager Salary 3 - 12 years exp. (25 salaries)	₹3.4 L/yr - ₹7.5 L/yr 88% more
Reliance Capital Branch Collection Manager Salary 2 - 15 years exp. (11 salaries)	₹3 L/yr - ₹7.5 L/yr 77% more
Sammaan Capital Limited Branch Collection Manager Salary 6 - 15 years exp. (4 salaries)	₹3.8 L/yr - ₹7.2 L/yr 90% more
Mahindra Rural Housing Finance Branch Collection Manager Salary 2 - 12 years exp. (119 salaries)	₹1.5 L/yr - ₹6 L/yr 47% more
SMFG India Credit Branch Collection Manager Salary 4 - 10 years exp. (28 salaries)	₹2.9 L/yr - ₹5.5 L/yr 34% more
Kotak Mahindra Prime Branch Collection Manager Salary 7 - 16 years exp. (21 salaries)	₹3.6 L/yr - ₹9 L/yr 135% more
PNB Housing Finance Branch Collection Manager Salary 5 - 12 years exp. (14 salaries)	₹4 L/yr - ₹7.1 L/yr 88% more
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Manappuram Finance Branch Collection Manager Salary 0 - 10 years exp. (13 salaries)	₹3.5 L/yr - ₹6 L/yr 56% more
IIFL Finance Branch Collection Manager Salary 0 - 6 years exp. (6 salaries)	₹3.2 L/yr - ₹4 L/yr 24% more

Branch Collection Manager salary at Mahindra Finance ranges between ₹2 Lakhs to ₹3.7 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Branch Collection Manager salaries

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹2 L/yr
6 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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7 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.6 L/yr
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹3.7 L/yr

View all

Similar Designation salaries in Mahindra Finance

Area Collection Manager Salary

(184 salaries)

₹3.2 L/yr - ₹11.5 L/yr

Zonal Collection Manager Salary

(AmbitionBox Estimate)

₹8.8 L/yr - ₹11.3 L/yr

Regional Collection Manager Salary

(4 salaries)

₹19.5 L/yr - ₹23 L/yr

Collections Manager Salary

(79 salaries)

₹1.5 L/yr - ₹5.5 L/yr

Territory Collection Manager Salary

(3 salaries)

₹3 L/yr - ₹5.4 L/yr

Senior Area Collection Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Branch Receivable Manager Salary

(AmbitionBox Estimate)

₹4.8 L/yr - ₹6.1 L/yr

Senior Collection Officer Salary

(24 salaries)

₹1.8 L/yr - ₹5.1 L/yr

Branch Manager Salary

(165 salaries)

₹1.85 L/yr - ₹9.1 L/yr

Collection Officer Salary

(146 salaries)

₹1.5 L/yr - ₹5.1 L/yr

Salary related reviews for Mahindra Finance

4.4

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.

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.

Dislikes

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

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.

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..

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.

Dislikes

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

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Finance Branch Collection Manager Salary FAQs

What is the salary of Branch Collection Manager at Mahindra Finance?

Branch Collection Manager salary at Mahindra Finance in India ranges between ₹2.0 Lakhs to ₹3.7 Lakhs for experience between 5 years to 10 years. According to our estimates it is 39% less than the average Branch Collection Manager 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 Branch Collection Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Branch Collection Manager at Mahindra Finance is 39% less than the average salary of a Branch Collection Manager in India. To know exact salary insights, login to view.

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

Kotak Mahindra Prime Branch Collection Manager Salary - ₹3.6 Lakhs to ₹9.0 Lakhs per year
HDFC Bank Branch Collection Manager Salary - ₹3.6 Lakhs to ₹9.4 Lakhs per year
Sammaan Capital Limited Branch Collection Manager Salary - ₹3.8 Lakhs to ₹7.2 Lakhs per year
PNB Housing Finance Branch Collection Manager Salary - ₹4.0 Lakhs to ₹7.1 Lakhs per year
Cholamandalam Investment & Finance Branch Collection Manager Salary - ₹3.4 Lakhs to ₹7.5 Lakhs per year

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

Bajaj Finance Branch Collection Manager Salary - ₹3.5 Lakhs to ₹5.9 Lakhs per year
Reliance Capital Branch Collection Manager Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year
L&T Finance Branch Collection Manager Salary - ₹3.0 Lakhs to ₹6.7 Lakhs per year
Manappuram Finance Branch Collection Manager Salary - ₹3.5 Lakhs to ₹6.0 Lakhs per year
Shriram Finance Branch Collection Manager Salary - ₹2.5 Lakhs to ₹6.6 Lakhs per year

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

The estimated take-home salary of a Branch Collection Manager at Mahindra Finance ranges between ₹20,192 per month to ₹21,852 per month in India. The take-home salary calculation is based on the average Mahindra Finance Branch Collection Manager salary in India which ranges between ₹2.0 Lakhs to ₹3.7 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Branch Collection Manager at Mahindra Finance?

According to AmbitionBox, 100% of the Mahindra Finance Branch Collection Managers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Mahindra Finance Branch Collection Manager Salaries

Mahindra Finance Branch Collection Manager salary in India ranges between ₹2 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.