Mahindra Finance Collection Officer Salaries by 100+ Employees (Updated 2025)

1 - 8 years exp.

₹1.5 Lakh - ₹4.5 Lakhs

Salary of majority employees

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)	₹1.8 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading Collection Officer Salary 1 - 6 years exp. (22 salaries)	₹1.5 L/yr - ₹3.8 L/yr
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Sales & Business Development Collection Officer Salary 2 - 6 years exp. (10 salaries)	₹2 L/yr - ₹3.9 L/yr
Customer Success, Service & Operations Collection Officer Salary 1 - 6 years exp. (4 salaries)	₹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
HDFC Bank Collection Officer Salary 0 - 7 years exp. (347 salaries)	₹1.2 L/yr - ₹4.5 L/yr 13% less
Bajaj Finance Collection Officer Salary 0 - 8 years exp. (166 salaries)	₹1.1 L/yr - ₹5.6 L/yr 28% more
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ICICI Bank Collection Officer Salary 2 - 6 years exp. (55 salaries)	₹1.3 L/yr - ₹3.6 L/yr 16% less
Axis Bank Collection Officer Salary 1 - 10 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 12% less
Kotak Mahindra Bank Collection Officer Salary 2 - 8 years exp. (57 salaries)	₹1.6 L/yr - ₹4.8 L/yr 5% less
Tata Capital Collection Officer Salary 1 - 12 years exp. (37 salaries)	₹2 L/yr - ₹4.4 L/yr 8% more	11 job openings
L&T Finance Collection Officer Salary 0 - 7 years exp. (299 salaries)	₹1.2 L/yr - ₹3.8 L/yr 20% less
IndusInd Bank Collection Officer Salary 0 - 9 years exp. (99 salaries)	₹1.4 L/yr - ₹4.5 L/yr 4% less
IDFC FIRST Bank Collection Officer Salary 1 - 9 years exp. (94 salaries)	₹1.8 L/yr - ₹4.8 L/yr At par
Aditya Birla Finance Collection Officer Salary 1 - 9 years exp. (51 salaries)	₹2.5 L/yr - ₹5.2 L/yr 37% more
Sammaan Capital Limited Collection Officer Salary 1 - 8 years exp. (261 salaries)	₹1.7 L/yr - ₹3.7 L/yr 7% less
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SMFG India Credit Collection Officer Salary 0 - 6 years exp. (99 salaries)	₹1 L/yr - ₹4.5 L/yr 3% more
IIFL Finance Collection Officer Salary 0 - 10 years exp. (65 salaries)	₹2.1 L/yr - ₹4.8 L/yr 12% more
Poonawalla Fincorp Collection Officer Salary 2 - 10 years exp. (65 salaries)	₹1.8 L/yr - ₹3.6 L/yr 12% less
Cholamandalam Investment & Finance Collection Officer Salary 3 - 8 years exp. (53 salaries)	₹1.8 L/yr - ₹4.2 L/yr 7% less
Shriram Finance Collection Officer Salary 1 - 9 years exp. (44 salaries)	₹1.9 L/yr - ₹4.5 L/yr 5% more
TVS Credit Collection Officer Salary 3 - 8 years exp. (34 salaries)	₹1.5 L/yr - ₹4.6 L/yr 4% less
Edelweiss Collection Officer Salary 2 - 10 years exp. (26 salaries)	₹2.4 L/yr - ₹4 L/yr 7% more
Aavas Financiers Collection Officer Salary 0 - 6 years exp. (29 salaries)	₹1.5 L/yr - ₹3.6 L/yr 7% less
Aditya Birla Capital Collection Officer Salary 2 - 7 years exp. (21 salaries)	₹2.5 L/yr - ₹5 L/yr 24% more

View all

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.

Experience wise Mahindra Finance Collection Officer salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
1 year (12 salaries)	₹1.5 L/yr - ₹3 L/yr
2 years (22 salaries)	₹1.8 L/yr - ₹3.3 L/yr
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3 years (23 salaries)	₹1.8 L/yr - ₹3.3 L/yr
4 years (15 salaries)	₹1.7 L/yr - ₹4 L/yr
5 years (23 salaries)	₹2 L/yr - ₹4 L/yr
6 years (20 salaries)	₹2.1 L/yr - ₹4.3 L/yr
7 years (13 salaries)	₹2 L/yr - ₹4 L/yr
8 years (14 salaries)	₹2.4 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in Mahindra Finance

Collections Manager Salary

(78 salaries)

₹1.5 L/yr - ₹5.5 L/yr

Senior Collection Officer Salary

(26 salaries)

₹2.3 L/yr - ₹5.1 L/yr

Collection Associate Salary

(13 salaries)

₹2.18 L/yr - ₹3.5 L/yr

Sales Officer Salary

(53 salaries)

₹1.65 L/yr - ₹4.25 L/yr

Relationship Officer Salary

(6 salaries)

₹2.8 L/yr - ₹2.96 L/yr

Field Officer Salary

(23 salaries)

₹1.8 L/yr - ₹4.6 L/yr

Recovery Officer Salary

(27 salaries)

₹1.8 L/yr - ₹3.8 L/yr

Area Collection Manager Salary

(183 salaries)

₹3.75 L/yr - ₹11.57 L/yr

Officer Salary

(5 salaries)

₹1.86 L/yr - ₹2.8 L/yr

Computer Operator Salary

(AmbitionBox Estimate)

₹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

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..

Salary - Bad

+5 more

Sales Executive in Salem

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

Salary - Bad

+4 more

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.

Back Office Executive in Faizabad

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...

Salary - Bad

+6 more

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.

Salary - Good

+3 more

Dislikes

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

Promotions - Poor

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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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.

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Mahindra Finance Collection Officer Salaries

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

Mahindra Finance Collection Officer salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Collection Officer

Latest annual salaries shared by Mahindra Finance Collection Officer

Experience wise Mahindra Finance Collection Officer salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Collection Officer

Salary related reviews for Mahindra Finance

Collection Officer in Dehradoon

Sales Executive in Salem

Deputy Manager in Mumbai

Back Office Executive in Faizabad

Collections Manager in New Delhi

Mahindra Finance Collection Officer Salary FAQs

Tell us how to improve this page.

Mahindra Finance Collection Officer Salaries by Location