Mahindra Finance Collection Boy Salaries by 3 Employees (Updated 2024)

2 - 3 years exp.

₹2.4 Lakhs - ₹2.7 Lakhs

Low Confidence

Salary of majority employees

12% more than the average Collection Boy Salary in NBFC Companies for 2 - 3 years of experience

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Last Updated: 29 Aug 2024

Companies similar to Mahindra Finance for Collection Boy

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Collection Boy Salary 0 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr 12% more
HDFC Bank Collection Boy Salary 0 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 10% less
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IDFC FIRST Bank Collection Boy Salary 0 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹3.2 L/yr 8% less
Jana Small Finance Bank Collection Boy Salary 2 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹2.6 L/yr 2% less
Privat Company Collection Boy Salary 3 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹2.4 L/yr 13% less

Collection Boy salary at Mahindra Finance ranges between ₹2.4 Lakhs to ₹2.7 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collection Boy salaries

Last Updated: 29 Aug 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr

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Salary related reviews for Mahindra Finance

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.

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..

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.

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.

see more salary related reviews

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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 Collection Boy Salary FAQs

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

According to AmbitionBox, 100% of the Mahindra Finance Collection Boys 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 Collection Boy Salaries

Mahindra Finance Collection Boy salary in India ranges between ₹2.4 Lakhs to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Finance latest salaries received from various employees of Mahindra Finance.