Mahindra Finance Collections Manager Salaries by 70+ Employees (Updated 2025)

2 - 10 years exp.

₹1.5 Lakh - ₹5.5 Lakhs

Salary of majority employees

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35% less than the average Collections Manager Salary in NBFC Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 2 - 10 years exp. (24 salaries)	Unlock ₹2 L/yr - ₹5.4 L/yr
Finance & Accounting Collections Manager Salary 2 - 10 years exp. (21 salaries)	Unlock ₹1.9 L/yr - ₹5.5 L/yr
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Customer Success, Service & Operations Collections Manager Salary 5 - 9 years exp. (3 salaries)	Unlock ₹3.3 L/yr - ₹4 L/yr
Sales & Business Development Collections Manager Salary 6 - 10 years exp. (3 salaries)	Unlock ₹2.2 L/yr - ₹5 L/yr

Last Updated: 21 Feb 2025

Companies similar to Mahindra Finance for Collections Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 0 - 18 years exp. (756 salaries)	Unlock ₹2 L/yr - ₹11.1 L/yr 80% more	2 job openings
Bajaj Finance Collections Manager Salary 0 - 11 years exp. (342 salaries)	Unlock ₹1.2 L/yr - ₹7.8 L/yr 33% more
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ICICI Bank Collections Manager Salary 3 - 15 years exp. (204 salaries)	Unlock ₹2.5 L/yr - ₹12 L/yr 103% more
Axis Bank Collections Manager Salary 4 - 14 years exp. (285 salaries)	Unlock ₹2.9 L/yr - ₹13 L/yr 103% more
Kotak Mahindra Bank Collections Manager Salary 3 - 14 years exp. (306 salaries)	Unlock ₹1.8 L/yr - ₹9.8 L/yr 73% more
HDB Financial Services Collections Manager Salary 2 - 17 years exp. (314 salaries)	Unlock ₹2.8 L/yr - ₹9 L/yr 72% more	9 job openings
Shriram Finance Collections Manager Salary 2 - 10 years exp. (190 salaries)	Unlock ₹1.8 L/yr - ₹6 L/yr 6% more
SMFG India Credit Collections Manager Salary 4 - 11 years exp. (190 salaries)	Unlock ₹2.2 L/yr - ₹8.1 L/yr 33% more
Mahindra Rural Housing Finance Collections Manager Salary 1 - 10 years exp. (136 salaries)	Unlock ₹1.2 L/yr - ₹5.5 L/yr 22% less	1 job opening
Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (131 salaries)	Unlock ₹2.3 L/yr - ₹8.3 L/yr 28% more
L&T Finance Collections Manager Salary 4 - 12 years exp. (183 salaries)	Unlock ₹2.4 L/yr - ₹9.4 L/yr 60% more
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Cholamandalam Investment & Finance Collections Manager Salary 3 - 14 years exp. (68 salaries)	Unlock ₹2 L/yr - ₹9.2 L/yr 41% more
Sammaan Capital Limited Collections Manager Salary 2 - 14 years exp. (70 salaries)	Unlock ₹2.4 L/yr - ₹6.5 L/yr 30% more
TVS Credit Collections Manager Salary 3 - 15 years exp. (78 salaries)	Unlock ₹3.2 L/yr - ₹6.6 L/yr 43% more
Aditya Birla Capital Collections Manager Salary 3 - 12 years exp. (74 salaries)	Unlock ₹3.1 L/yr - ₹10.3 L/yr 73% more
IIFL Finance Collections Manager Salary 3 - 10 years exp. (56 salaries)	Unlock ₹2.8 L/yr - ₹7 L/yr 36% more
Tata Capital Housing Finance Collections Manager Salary 4 - 15 years exp. (38 salaries)	Unlock ₹4 L/yr - ₹10.5 L/yr 91% more
Aavas Financiers Collections Manager Salary 2 - 7 years exp. (34 salaries)	Unlock ₹2 L/yr - ₹5 L/yr 8% less
PNB Housing Finance Collections Manager Salary 0 - 11 years exp. (33 salaries)	Unlock ₹3.3 L/yr - ₹7.5 L/yr 30% more
Poonawalla Fincorp Collections Manager Salary 6 - 16 years exp. (28 salaries)	Unlock ₹3 L/yr - ₹9.8 L/yr 58% more

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Collections Manager salary at Mahindra Finance ranges between ₹1.5 Lakh to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 78 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Collections Manager

2d ago

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8 years exp.

3w ago

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10 years exp.

1mo ago

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10 years exp.

2mo ago

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9 years exp.

6mo ago

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6 years exp.

7mo ago

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10 years exp.

9mo ago

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8 years exp.

9mo ago

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9 years exp.

1y ago

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4 years exp.

1y ago

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3 years exp.

Experience wise Mahindra Finance Collections Manager salaries

Last Updated: 21 Feb 2025

Experience	Avg Annual Salary
2 years (5 salaries)	Unlock ₹1.5 L/yr - ₹5.3 L/yr
3 years (6 salaries)	Unlock ₹2 L/yr - ₹3.7 L/yr
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4 years (4 salaries)	Unlock ₹2 L/yr - ₹5.9 L/yr
5 years (13 salaries)	Unlock ₹2.3 L/yr - ₹3.6 L/yr
6 years (16 salaries)	Unlock ₹2.2 L/yr - ₹4.1 L/yr
7 years (13 salaries)	Unlock ₹2.5 L/yr - ₹4.5 L/yr
8 years (7 salaries)	Unlock ₹2.8 L/yr - ₹5 L/yr
9 years (6 salaries)	Unlock ₹3 L/yr - ₹5.4 L/yr
10 years (8 salaries)	Unlock ₹2.5 L/yr - ₹5.5 L/yr

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Similar Designation salaries in Mahindra Finance

Collection Officer Salary

(146 salaries)

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₹1.5 L/yr - ₹4.78 L/yr

Area Collection Manager Salary

(182 salaries)

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₹3.5 L/yr - ₹11.57 L/yr

Zonal Collection Manager Salary

(AmbitionBox Estimate)

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₹8.8 L/yr - ₹11.3 L/yr

Collection Associate Salary

(13 salaries)

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₹2.18 L/yr - ₹3.5 L/yr

Branch Collection Manager Salary

(5 salaries)

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₹2 L/yr - ₹3.65 L/yr

Cluster Manager Salary

(34 salaries)

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₹6.5 L/yr - ₹16 L/yr

Relationship Manager Salary

(93 salaries)

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₹2.2 L/yr - ₹6 L/yr

Recovery Manager Salary

(5 salaries)

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₹3.1 L/yr - ₹4.5 L/yr

Branch Manager Salary

(165 salaries)

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₹1.85 L/yr - ₹9.1 L/yr

Agency Manager Salary

(AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.2 L/yr

Top skills at Mahindra Finance for Collections Manager

Collections Malayalam Chemical Engineering NBFC MS Office SME Bengali Excel Excel Auto Loans NBFC Collection Management Private Banking Field Collections Recovery Management

Salary related reviews for Mahindra Finance

4.1

Rated by 36 employees for salary & benefits

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

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.

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

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

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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

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Mahindra Finance Collections Manager Salary FAQs

What is the salary of Collections Manager at Mahindra Finance?

Collections Manager salary at Mahindra Finance in India ranges between ₹1.5 Lakhs to ₹5.5 Lakhs for experience between 2 years to 10 years. According to our estimates it is 35% less than the average Collections Manager Salary in India. Salary estimates are based on 78 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Collections Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Collections Manager at Mahindra Finance is 35% less than the average salary of a Collections Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Collections Manager at Mahindra Finance?

Collections, Malayalam, Chemical Engineering, NBFC and MS Office are some of the popular skills required to work as a Collections Manager at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a Collections Manager in India?

Axis Bank Collections Manager Salary - ₹2.9 Lakhs to ₹13.0 Lakhs per year
ICICI Bank Collections Manager Salary - ₹2.5 Lakhs to ₹12.0 Lakhs per year
SK Finance Limited Collections Manager Salary - ₹3.1 Lakhs to ₹10.0 Lakhs per year
Tata Capital Housing Finance Collections Manager Salary - ₹4.0 Lakhs to ₹10.5 Lakhs per year
Bharat Financial Inclusion Collections Manager Salary - ₹6.1 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Collections Manager in companies similar to Mahindra Finance in India?

HDFC Bank Collections Manager Salary - ₹2.0 Lakhs to ₹11.1 Lakhs per year
Edelweiss Collections Manager Salary - ₹3.5 Lakhs to ₹10.5 Lakhs per year
Aditya Birla Capital Collections Manager Salary - ₹3.1 Lakhs to ₹10.3 Lakhs per year
Kotak Mahindra Bank Collections Manager Salary - ₹1.8 Lakhs to ₹9.8 Lakhs per year
HDB Financial Services Collections Manager Salary - ₹2.8 Lakhs to ₹9.0 Lakhs per year

What is the estimated take home salary of a Collections Manager at Mahindra Finance in India?

The estimated take-home salary of a Collections Manager at Mahindra Finance ranges between ₹26,557 per month to ₹27,972 per month in India. The take-home salary calculation is based on the average Mahindra Finance Collections Manager salary in India which ranges between ₹1.5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Collections Manager at Mahindra Finance?

According to AmbitionBox, 66% of the Mahindra Finance Collections Managers reported a notice period of 3 Months, 21% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 47 responses on AmbitionBox in last 2 years.

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Mahindra Finance Collections Manager Salaries

Mahindra Finance Collections Manager salary in India ranges between ₹1.5 Lakh to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 78 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Collections Manager salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Collections Manager

Latest annual salaries shared by Mahindra Finance Collections Manager

Experience wise Mahindra Finance Collections Manager salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Collections Manager

Salary related reviews for Mahindra Finance

Collections Manager in New Delhi

Sales Executive in Salem

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Collection Officer in Dehradoon

Mahindra Finance Collections Manager Salary FAQs

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