Mahindra Finance Collection Officer Salaries by 100+ Employees (Updated 2024)

1 - 8 years exp.

₹1.5 Lakh - ₹5.1 Lakhs

Salary of majority employees

5% 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)	₹1.5 L/yr - ₹5.1 L/yr
BFSI, Investments & Trading Collection Officer Salary 1 - 8 years exp. (23 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: 10 Dec 2024

Companies similar to Mahindra Finance for Collection Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collection Officer Salary 0 - 7 years exp. (359 salaries)	₹1.2 L/yr - ₹4 L/yr 10% less
Bajaj Finance Collection Officer Salary 0 - 8 years exp. (222 salaries)	₹1.1 L/yr - ₹5.6 L/yr 25% more
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ICICI Bank Collection Officer Salary 2 - 6 years exp. (76 salaries)	₹1.2 L/yr - ₹3.6 L/yr 14% less
Axis Bank Collection Officer Salary 1 - 8 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 14% less
Kotak Mahindra Bank Collection Officer Salary 2 - 8 years exp. (53 salaries)	₹1.6 L/yr - ₹4.1 L/yr 6% less
Tata Capital Collection Officer Salary 0 - 14 years exp. (42 salaries)	₹2 L/yr - ₹4.5 L/yr 11% more	4 job openings
L&T Finance Collection Officer Salary 1 - 7 years exp. (346 salaries)	₹1.2 L/yr - ₹3.9 L/yr 19% less
IndusInd Bank Collection Officer Salary 0 - 9 years exp. (98 salaries)	₹1.4 L/yr - ₹4.5 L/yr 4% less
IDFC FIRST Bank Collection Officer Salary 0 - 9 years exp. (103 salaries)	₹1.8 L/yr - ₹4 L/yr 6% less
Aditya Birla Finance Collection Officer Salary 2 - 9 years exp. (44 salaries)	₹2.3 L/yr - ₹5.2 L/yr 39% more
Sammaan Capital Limited Collection Officer Salary 0 - 9 years exp. (312 salaries)	₹1.7 L/yr - ₹3.7 L/yr 6% less
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SMFG India Credit Collection Officer Salary 3 - 6 years exp. (67 salaries)	₹1 L/yr - ₹4.5 L/yr 9% more
IIFL Finance Collection Officer Salary 0 - 7 years exp. (62 salaries)	₹1.8 L/yr - ₹4.2 L/yr 8% more
TVS Credit Collection Officer Salary 1 - 8 years exp. (56 salaries)	₹1.4 L/yr - ₹4.6 L/yr 2% less
Cholamandalam Investment & Finance Collection Officer Salary 2 - 9 years exp. (136 salaries)	₹1.5 L/yr - ₹4.2 L/yr 3% less
Poonawalla Fincorp Collection Officer Salary 3 - 9 years exp. (52 salaries)	₹1.8 L/yr - ₹3.6 L/yr 9% less
Shriram Finance Collection Officer Salary 0 - 7 years exp. (39 salaries)	₹1.8 L/yr - ₹4.5 L/yr 5% more
Edelweiss Collection Officer Salary 2 - 10 years exp. (30 salaries)	₹2.4 L/yr - ₹4.5 L/yr 12% more
IDFC FIRST Bharat Collection Officer Salary 0 - 6 years exp. (30 salaries)	₹1.2 L/yr - ₹4 L/yr 22% less
Aavas Financiers Collection Officer Salary 0 - 6 years exp. (28 salaries)	₹1.5 L/yr - ₹3.6 L/yr 4% less

View all

Collection Officer salary at Mahindra Finance ranges between ₹1.5 Lakh to ₹5.1 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 146 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collection Officer salaries

Last Updated: 10 Dec 2024

Experience	Avg Annual Salary
1 year (13 salaries)	₹1.5 L/yr - ₹3 L/yr
2 years (21 salaries)	₹1.5 L/yr - ₹3.3 L/yr
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3 years (23 salaries)	₹1.8 L/yr - ₹3.3 L/yr
4 years (13 salaries)	₹1.7 L/yr - ₹3.6 L/yr
5 years (25 salaries)	₹2 L/yr - ₹4 L/yr
6 years (22 salaries)	₹2 L/yr - ₹5.1 L/yr
7 years (14 salaries)	₹2 L/yr - ₹4 L/yr
8 years (15 salaries)	₹2.4 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in Mahindra Finance

Collections Manager Salary

(79 salaries)

₹1.5 L/yr - ₹5.5 L/yr

Senior Collection Officer Salary

(24 salaries)

₹1.8 L/yr - ₹5.1 L/yr

Collection Associate Salary

(12 salaries)

₹2.18 L/yr - ₹3.5 L/yr

Sales Officer Salary

(61 salaries)

₹1.1 L/yr - ₹4.56 L/yr

Relationship Officer Salary

(8 salaries)

₹2.8 L/yr - ₹3.1 L/yr

Field Officer Salary

(24 salaries)

₹1.8 L/yr - ₹4.6 L/yr

Recovery Officer Salary

(29 salaries)

₹1.8 L/yr - ₹3.2 L/yr

Area Collection Manager Salary

(184 salaries)

₹3.2 L/yr - ₹11.5 L/yr

Officer Salary

(4 salaries)

₹1.86 L/yr - ₹2.8 L/yr

Computer Operator Salary

(8 salaries)

₹0.2 L/yr - ₹3 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..

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.

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...

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.

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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 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 ₹5.1 Lakhs for experience between 1 years to 8 years. According to our estimates it is 5% more than the average Collection Officer Salary in India. Salary estimates are based on 146 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 5% 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 - ₹2.3 Lakhs to ₹5.2 Lakhs per year
Aditya Birla Capital Collection Officer Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Bajaj Finance Collection Officer Salary - ₹1.1 Lakhs to ₹5.6 Lakhs per year
Capri Global Capital Collection Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
Manappuram Finance Collection Officer Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year

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

Edelweiss Collection Officer Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year
Tata Capital Collection Officer Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year
SMFG India Credit Collection Officer Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
IIFL Finance Collection Officer Salary - ₹1.8 Lakhs to ₹4.2 Lakhs per year
Shriram Finance Collection Officer Salary - ₹1.8 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 ₹20,293 per month to ₹21,952 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 ₹5.1 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, 51% of the Mahindra Finance Collection Officers reported a notice period of 1 Month, 24% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 125 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 ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 146 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Collection Officer salaries in India

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

Deputy Manager in Mumbai

Back Office Executive in Faizabad

Collections Manager in New Delhi

Relationship Manager in Chandigarh

Mahindra Finance Collection Officer Salary FAQs

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Mahindra Finance Collection Officer Salaries by Location