Mahindra Finance Mumbai Collections Manager Salaries by 3 Employees (Updated 2025)

3 - 9 years exp.

₹2.6 Lakhs - ₹5.4 Lakhs

Low Confidence

Salary of majority employees

36% less than the average Collections Manager Salary in NBFC Companies for 3 - 9 years of experience

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Last Updated: 2 Dec 2023

Companies similar to Mahindra Finance for Collections Manager in Mumbai

Mahindra Finance Collections Manager Salary

3 - 9 years exp. (3 salaries)

₹2.6 L/yr - ₹5.4 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 2 - 18 years exp. (80 salaries)	₹2.9 L/yr - ₹10.5 L/yr 82% more	2 job openings
Bajaj Finance Collections Manager Salary 0 - 11 years exp. (35 salaries)	₹1.2 L/yr - ₹8 L/yr 36% more
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ICICI Bank Collections Manager Salary 3 - 13 years exp. (18 salaries)	₹4.1 L/yr - ₹11 L/yr 107% more
Axis Bank Collections Manager Salary 8 - 12 years exp. (8 salaries)	₹4.4 L/yr - ₹9.2 L/yr 102% more
Kotak Mahindra Bank Collections Manager Salary 3 - 14 years exp. (35 salaries)	₹3.1 L/yr - ₹9.2 L/yr 63% more
L&T Finance Collections Manager Salary 5 - 13 years exp. (13 salaries)	₹4.5 L/yr - ₹8.5 L/yr 59% more
Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (11 salaries)	₹2.3 L/yr - ₹5.9 L/yr 31% more
Sammaan Capital Limited Collections Manager Salary 4 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹5.6 L/yr 25% more
Aditya Birla Capital Collections Manager Salary 4 - 10 years exp. (8 salaries)	₹3.1 L/yr - ₹12.2 L/yr 88% more
IIFL Finance Collections Manager Salary 7 - 10 years exp. (6 salaries)	₹4.4 L/yr - ₹6.5 L/yr 32% more
PNB Housing Finance Collections Manager Salary 3 - 9 years exp. (6 salaries)	₹4 L/yr - ₹5.9 L/yr 27% more
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Shriram Finance Collections Manager Salary 5 - 11 years exp. (6 salaries)	₹3.9 L/yr - ₹4.9 L/yr 10% more
SMFG India Credit Collections Manager Salary 6 - 10 years exp. (5 salaries)	₹4.6 L/yr - ₹7.7 L/yr 34% more
Tata Capital Housing Finance Collections Manager Salary 6 - 15 years exp. (3 salaries)	₹6.8 L/yr - ₹9 L/yr 88% more

Collections Manager salary at Mahindra Finance ranges between ₹2.6 Lakhs to ₹5.4 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collections Manager salaries in Mumbai

Last Updated: 2 Dec 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹5.6 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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5 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.3 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.4 L/yr

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Similar Designation salaries in Mahindra Finance

Credit Manager Salary

(8 salaries)

₹4.7 L/yr - ₹12.65 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

3.0

Rated by 2 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

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

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

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Mahindra Finance Collections Manager Salary FAQs

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

According to AmbitionBox, 100% of the Mahindra Finance Collections Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Mahindra Finance Collections Manager Salaries in Mumbai

Mahindra Finance Collections Manager salary in Mumbai ranges between ₹2.6 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Finance latest salaries received from various employees of Mahindra Finance.