Mahindra Finance Mumbai Collection Officer Salaries by 3 Employees (Updated 2025)

1 - 5 years exp.

₹3 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

Unlock

13% more than the average Collection Officer Salary in NBFC Companies for 1 - 5 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Collection Officer Salary 1 - 3 years exp. (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹3.5 L/yr
Login to view exact salary
Finance & Accounting Collection Officer Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹3.5 L/yr

Last Updated: 8 Feb 2025

Companies similar to Mahindra Finance for Collection Officer in Mumbai

Mahindra Finance Collection Officer Salary

1 - 5 years exp. (3 salaries)

Unlock

₹3 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collection Officer Salary 0 - 7 years exp. (41 salaries)	Unlock ₹1.5 L/yr - ₹3.5 L/yr 14% less
Bajaj Finance Collection Officer Salary 0 - 8 years exp. (15 salaries)	Unlock ₹1.5 L/yr - ₹5.1 L/yr 22% more
Login to view exact salary
Kotak Mahindra Bank Collection Officer Salary 3 - 5 years exp. (6 salaries)	Unlock ₹2 L/yr - ₹3.7 L/yr 10% less
L&T Finance Collection Officer Salary 1 - 6 years exp. (13 salaries)	Unlock ₹1.5 L/yr - ₹3.8 L/yr 16% less
HDB Financial Services Collection Officer Salary 0 - 8 years exp. (117 salaries)	Unlock ₹1 L/yr - ₹4.5 L/yr 19% less	1 job opening
Sammaan Capital Limited Collection Officer Salary 1 - 8 years exp. (22 salaries)	Unlock ₹2 L/yr - ₹3.6 L/yr 10% less
SMFG India Credit Collection Officer Salary 3 - 6 years exp. (12 salaries)	Unlock ₹2 L/yr - ₹4 L/yr 3% more
IIFL Finance Collection Officer Salary 1 - 10 years exp. (7 salaries)	Unlock ₹2.2 L/yr - ₹4 L/yr 7% more
Shriram Finance Collection Officer Salary 3 - 8 years exp. (5 salaries)	Unlock ₹2.2 L/yr - ₹3.5 L/yr 1% less
Satin Creditcare Network Collection Officer Salary 2 - 6 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹3.5 L/yr 6% less

Collection Officer salary at Mahindra Finance ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collection Officer salaries in Mumbai

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹1 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹3.1 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	Unlock ₹1.1 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹1.2 L/yr - ₹3.5 L/yr

Similar Designation salaries in Mahindra Finance

Collections Manager Salary

(3 salaries)

Unlock

₹2.6 L/yr - ₹5.44 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

5.0

Rated by 2 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

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

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.

Salary - Bad

+6 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

Got a question about Mahindra Finance?

Ask anonymously on communities.

Mahindra Finance Collection Officer Salary FAQs

What is the notice period for Collection Officer at Mahindra Finance in Mumbai?

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

Tell us how to improve this page.

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance Collection Officer Salaries >
Mahindra Finance Collection Officer Salaries in Mumbai

Mahindra Finance Collection Officer salary in Mumbai ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Finance latest salaries received from various employees of Mahindra Finance.