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Mahindra Finance Collection Officer salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹1.5 Lakh - ₹4.5 Lakhs
Salary of majority employees
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7% more than the average Collection Officer Salary in NBFC Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting
Collection Officer Salary
1 - 8 years exp. (63 salaries)
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₹1.8 L/yr - ₹4.5 L/yr

BFSI, Investments & Trading
Collection Officer Salary
1 - 6 years exp. (22 salaries)
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₹1.5 L/yr - ₹3.8 L/yr

Sales & Business Development
Collection Officer Salary
2 - 6 years exp. (10 salaries)
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₹2 L/yr - ₹3.9 L/yr

Customer Success, Service & Operations
Collection Officer Salary
1 - 6 years exp. (4 salaries)
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₹1.9 L/yr - ₹4 L/yr

Last Updated: 2 Mar 2025

Companies similar to Mahindra Finance for Collection Officer

Company name Avg Annual Salary Open Jobs
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HDFC Bank Collection Officer Salary

0 - 7 years exp. (347 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 13% less
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Bajaj Finance Collection Officer Salary

0 - 8 years exp. (166 salaries)

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₹1.1 L/yr - ₹5.6 L/yr

arrow icon 28% more
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ICICI Bank Collection Officer Salary

2 - 6 years exp. (55 salaries)

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₹1.3 L/yr - ₹3.6 L/yr

arrow icon 16% less
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Axis Bank Collection Officer Salary

1 - 10 years exp. (28 salaries)

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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 12% less
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Kotak Mahindra Bank Collection Officer Salary

2 - 8 years exp. (57 salaries)

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₹1.6 L/yr - ₹4.8 L/yr

arrow icon 5% less
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Tata Capital Collection Officer Salary

1 - 12 years exp. (37 salaries)

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₹2 L/yr - ₹4.4 L/yr

arrow icon 8% more
11 job openings
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L&T Finance Collection Officer Salary

0 - 7 years exp. (299 salaries)

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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 20% less
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IndusInd Bank Collection Officer Salary

0 - 9 years exp. (99 salaries)

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₹1.4 L/yr - ₹4.5 L/yr

arrow icon 4% less
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IDFC FIRST Bank Collection Officer Salary

1 - 9 years exp. (94 salaries)

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₹1.8 L/yr - ₹4.8 L/yr

At par
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₹2.5 L/yr - ₹5.2 L/yr

arrow icon 37% more
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₹1.7 L/yr - ₹3.7 L/yr

arrow icon 7% less
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SMFG India Credit Collection Officer Salary

0 - 6 years exp. (99 salaries)

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₹1 L/yr - ₹4.5 L/yr

arrow icon 3% more
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IIFL Finance Collection Officer Salary

0 - 10 years exp. (65 salaries)

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₹2.1 L/yr - ₹4.8 L/yr

arrow icon 12% more
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Poonawalla Fincorp Collection Officer Salary

2 - 10 years exp. (65 salaries)

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₹1.8 L/yr - ₹3.6 L/yr

arrow icon 12% less
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₹1.8 L/yr - ₹4.2 L/yr

arrow icon 7% less
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Shriram Finance Collection Officer Salary

1 - 9 years exp. (44 salaries)

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₹1.9 L/yr - ₹4.5 L/yr

arrow icon 5% more
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TVS Credit Collection Officer Salary

3 - 8 years exp. (34 salaries)

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₹1.5 L/yr - ₹4.6 L/yr

arrow icon 4% less
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Edelweiss Collection Officer Salary

2 - 10 years exp. (26 salaries)

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₹2.4 L/yr - ₹4 L/yr

arrow icon 7% more
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Aavas Financiers Collection Officer Salary

0 - 6 years exp. (29 salaries)

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₹1.5 L/yr - ₹3.6 L/yr

arrow icon 7% less
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₹2.5 L/yr - ₹5 L/yr

arrow icon 24% more
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Collection Officer salary at Mahindra Finance ranges between ₹1.5 Lakh to ₹4.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 142 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Collection Officer

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Experience wise Mahindra Finance Collection Officer salaries

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
1 year  (12 salaries)

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₹1.5 L/yr - ₹3 L/yr
2 years  (22 salaries)

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₹1.8 L/yr - ₹3.3 L/yr
3 years  (23 salaries)

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₹1.8 L/yr - ₹3.3 L/yr
4 years  (15 salaries)

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₹1.7 L/yr - ₹4 L/yr
5 years  (23 salaries)

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₹2 L/yr - ₹4 L/yr
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Similar Designation salaries in Mahindra Finance

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₹1.5 L/yr - ₹5.5 L/yr
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₹2.3 L/yr - ₹5.1 L/yr
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₹2.18 L/yr - ₹3.5 L/yr
Sales Officer Salary
(53 salaries)
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₹1.65 L/yr - ₹4.25 L/yr
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₹2.8 L/yr - ₹2.96 L/yr
Field Officer Salary
(23 salaries)
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₹1.8 L/yr - ₹4.6 L/yr
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₹1.8 L/yr - ₹3.8 L/yr
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₹3.75 L/yr - ₹11.57 L/yr
Officer Salary
(5 salaries)
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₹1.86 L/yr - ₹2.8 L/yr
Computer Operator Salary
(AmbitionBox Estimate)
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₹1.9 L/yr - ₹2.4 L/yr

Top skills at Mahindra Finance for Collection Officer

Collections Debt Collection Debt Recovery Collection Management Debt Collections Recovery Direct Sales Debt Management Field Collections Sales Cash Collection Field Sales Recovery Debt Recovery

Salary related reviews for Mahindra Finance

4.0

Rated by 60 employees for salary & benefits

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..

read more
  • Salary - Bad
  • +5 more

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

read more
  • Salary - Bad
  • +4 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 07 Jul 2023

1.0
 for  Salary and Benefits

Likes

ONLY TO KNOW THAT HOW NBFC ARE WORKING AND WHAT ARE THIER PROCEDURE TO FIVE LOAN TO THE CUSTOMERS..

Dislikes

NO FAIR APRRAISAL & PROMOTIONS TO THE EMPLOYEES. IN A VERY SMALL SALARY LOTS OF WORK TO THE EMPLOYEE...AND MOST IMPORTANTLY FAVOURTISM AND REFERENCES WORKS INSTEAD OF HARDWORK HERE...

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Salary - Good
  • +3 more

Dislikes

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

read more
  • Promotions - Poor
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Mahindra Finance Collection Officer Salary FAQs

What is the salary of Collection Officer at Mahindra Finance?
Collection Officer salary at Mahindra Finance in India ranges between ₹1.5 Lakhs to ₹4.5 Lakhs for experience between 1 years to 8 years. According to our estimates it is 7% more than the average Collection Officer Salary in India. Salary estimates are based on 142 latest salaries received from various employees of Mahindra Finance India.
How does the salary of a Collection Officer at Mahindra Finance India compare with the average salary range for this job?
The average salary of a Collection Officer at Mahindra Finance is 7% more than the average salary of a Collection Officer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Collection Officer at Mahindra Finance?
Collections, Debt Collection, Debt Recovery, Collection Management and Debt are some of the popular skills required to work as a Collection Officer at Mahindra Finance India.
Which similar companies are paying more than Mahindra Finance to a Collection Officer in India?
  • Aditya Birla Finance Collection Officer Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year
  • Bajaj Finance Collection Officer Salary - ₹1.1 Lakhs to ₹5.6 Lakhs per year
  • Aditya Birla Capital Collection Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
  • Manappuram Finance Collection Officer Salary - ₹2.8 Lakhs to ₹4.5 Lakhs per year
  • Capri Global Capital Collection Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
What is the salary of a Collection Officer in companies similar to Mahindra Finance in India?
  • IIFL Finance Collection Officer Salary - ₹2.1 Lakhs to ₹4.8 Lakhs per year
  • Tata Capital Collection Officer Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
  • Edelweiss Collection Officer Salary - ₹2.4 Lakhs to ₹4.0 Lakhs per year
  • Shriram Finance Collection Officer Salary - ₹1.9 Lakhs to ₹4.5 Lakhs per year
  • SMFG India Credit Collection Officer Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
What is the estimated take home salary of a Collection Officer at Mahindra Finance in India?
The estimated take-home salary of a Collection Officer at Mahindra Finance ranges between ₹20,857 per month to ₹22,507 per month in India. The take-home salary calculation is based on the average Mahindra Finance Collection Officer salary in India which ranges between ₹1.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Collection Officer at Mahindra Finance?
According to AmbitionBox, 52% of the Mahindra Finance Collection Officers reported a notice period of 1 Month, 22% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 132 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance Collection Officer salary in India ranges between ₹1.5 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 142 Mahindra Finance latest salaries received from various employees of Mahindra Finance.