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Mahindra Finance

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Mahindra Finance Relationship Manager salaries in India (Updated 2025)

Annual salary range
1 - 10 years exp.
₹2.2 Lakhs - ₹6 Lakhs
Salary of majority employees
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23% less than the average Relationship Manager Salary in NBFC Companies for 1 - 10 years of experience

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Salaries in different departments

Sales & Business Development
Relationship Manager Salary
1 - 9 years exp. (21 salaries)
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₹2.6 L/yr - ₹6 L/yr

Finance & Accounting
Relationship Manager Salary
1 - 9 years exp. (20 salaries)
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₹2.2 L/yr - ₹6 L/yr

BFSI, Investments & Trading
Relationship Manager Salary
1 - 10 years exp. (13 salaries)
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₹2.8 L/yr - ₹5 L/yr

Marketing & Communication
Relationship Manager Salary
3 - 6 years exp. (4 salaries)
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₹3 L/yr - ₹5.5 L/yr

Product Management
Relationship Manager Salary
6 - 8 years exp. (3 salaries)
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₹3.3 L/yr - ₹4.3 L/yr

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Last Updated: 19 Mar 2025

Companies similar to Mahindra Finance for Relationship Manager

Company name Avg Annual Salary Open Jobs
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₹1.4 L/yr - ₹4.6 L/yr

arrow icon 20% less
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IIFL Finance Relationship Manager Salary

0 - 8 years exp. (452 salaries)

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₹1.2 L/yr - ₹6 L/yr

arrow icon 7% less
3 job openings
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SMFG India Credit Relationship Manager Salary

1 - 9 years exp. (85 salaries)

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₹2.4 L/yr - ₹6.3 L/yr

arrow icon 8% more
1 job opening
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Kotak Mahindra Prime Relationship Manager Salary

0 - 11 years exp. (269 salaries)

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₹2 L/yr - ₹7.9 L/yr

arrow icon 7% more
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Aavas Financiers Relationship Manager Salary

0 - 8 years exp. (213 salaries)

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₹1.5 L/yr - ₹4.9 L/yr

arrow icon 16% less
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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 5% less
10 job openings
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₹1.4 L/yr - ₹3.9 L/yr

arrow icon 28% less
2 job openings
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Poonawalla Fincorp Relationship Manager Salary

0 - 6 years exp. (142 salaries)

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₹2.4 L/yr - ₹7.5 L/yr

arrow icon 51% more
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Shriram Finance Relationship Manager Salary

1 - 8 years exp. (124 salaries)

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₹1.8 L/yr - ₹6.9 L/yr

arrow icon 9% less
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Bajaj Finance Relationship Manager Salary

0 - 10 years exp. (97 salaries)

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₹1.8 L/yr - ₹6.3 L/yr

arrow icon 11% more
366 job openings
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L&T Finance Relationship Manager Salary

0 - 8 years exp. (65 salaries)

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₹2.4 L/yr - ₹10.7 L/yr

arrow icon 73% more
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₹1.5 L/yr - ₹7.4 L/yr

arrow icon 11% less
1 job opening
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Muthoot Fincorp Relationship Manager Salary

1 - 9 years exp. (51 salaries)

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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 18% less
1 job opening
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₹2.6 L/yr - ₹5 L/yr

arrow icon 9% less
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₹2.6 L/yr - ₹4 L/yr

arrow icon 11% less
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TVS Credit Relationship Manager Salary

4 - 12 years exp. (34 salaries)

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₹2.5 L/yr - ₹8.5 L/yr

arrow icon 29% more
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Muthoot Finance Relationship Manager Salary

0 - 7 years exp. (31 salaries)

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₹2.2 L/yr - ₹3.7 L/yr

arrow icon 29% less
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Manappuram Finance Relationship Manager Salary

1 - 16 years exp. (17 salaries)

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₹2.4 L/yr - ₹6 L/yr

arrow icon 8% more
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Sundaram Finance Relationship Manager Salary

1 - 13 years exp. (13 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 37% more
7 job openings
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LendingKart Relationship Manager Salary

0 - 6 years exp. (9 salaries)

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₹3 L/yr - ₹4 L/yr

arrow icon 11% less
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Relationship Manager salary at Mahindra Finance ranges between ₹2.2 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 87 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Relationship Manager

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Experience wise Mahindra Finance Relationship Manager salaries

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
1 year  (7 salaries)

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₹2.9 L/yr - ₹4.5 L/yr
2 years  (9 salaries)

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₹3 L/yr - ₹4.5 L/yr
3 years  (10 salaries)

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₹2.9 L/yr - ₹4.5 L/yr
4 years  (13 salaries)

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₹2.8 L/yr - ₹4.5 L/yr
5 years  (16 salaries)

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₹2.2 L/yr - ₹6 L/yr
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Similar Designation salaries in Mahindra Finance

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₹2.8 L/yr - ₹2.96 L/yr
Branch Manager Salary
(149 salaries)
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₹2.2 L/yr - ₹9 L/yr
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₹10.48 L/yr - ₹35 L/yr
Store Manager Salary
(3 salaries)
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₹5 L/yr - ₹26.5 L/yr
Deputy Manager Salary
(329 salaries)
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₹4 L/yr - ₹12 L/yr
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₹5 L/yr - ₹10.25 L/yr
Sales Manager Salary
(108 salaries)
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₹2.35 L/yr - ₹9 L/yr
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₹4.2 L/yr - ₹16.32 L/yr
Area Manager Salary
(95 salaries)
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₹3.07 L/yr - ₹14 L/yr
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₹3.5 L/yr - ₹6.5 L/yr

Top skills at Mahindra Finance for Relationship Manager

Cross Selling Bonds Customer Acquisition Mutual Funds Insurance Fixed Deposits Sales SIP Market Analysis Relationship Management Business Development Edifact Finance Channel Sales Distribution

Salary related reviews for Mahindra Finance

4.3

Rated by 28 employees for salary & benefits

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

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

read more
  • Salary - Bad
  • +4 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

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.

read more
  • 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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Research & Development Department

3.0
  •  posted on 22 Oct 2021

2.0
 for  Salary and Benefits

Likes

Work environment is good, Teammates are also good and management is average.company appraisal was not good.Company leave policies are good.

read more
  • Skill development - Good

Dislikes

There is a lot of issues and the management doesn't address our issue and growth. Salary is decent type but career growth is too much slow..On the job training also was not given to new joinees...just show off...

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

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Mahindra Finance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Mahindra Finance ?
The average salary of a Relationship Manager at Mahindra Finance in India typically ranges from ₹2.2 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Relationship Manager at Mahindra Finance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Relationship Manager Salaries at Mahindra Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 80+ Mahindra Finance employees in India.
What is the estimated take home salary of a Relationship Manager at Mahindra Finance in India?
The estimated take-home salary of a Relationship Manager at Mahindra Finance in India typically ranges from ₹28,851 to ₹30,232 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 1 year to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 80+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Relationship Manager at Mahindra Finance ?
To be a Relationship Manager at Mahindra Finance in india, the key skills required include:

  • - Cross Selling
  • - Bonds
  • - Customer Acquisition
  • - Mutual Funds
  • - Insurance

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mahindra Finance for Relationship Manager in India?
L&T Finance ₹2.4 Lakhs to ₹10.7 Lakhs per year
Poonawalla Fincorp ₹2.4 Lakhs to ₹7.5 Lakhs per year
Sundaram Finance ₹2.0 Lakhs to ₹8.0 Lakhs per year
TVS Credit ₹2.5 Lakhs to ₹8.5 Lakhs per year
Bajaj Finance ₹1.8 Lakhs to ₹6.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Finance, depending on the role and experience level.
What is the salary of a Relationship Manager in companies similar to Mahindra Finance in India?
The salary of a Relationship Manager at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SMFG India Credit ₹2.4 Lakhs to ₹6.3 Lakhs per year
Manappuram Finance ₹2.4 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindra Prime ₹2.0 Lakhs to ₹7.9 Lakhs per year
Sammaan Capital Limited ₹1.8 Lakhs to ₹5.5 Lakhs per year
SK Finance Limited ₹3.0 Lakhs to ₹4.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Relationship Manager at Mahindra Finance in India?
The salary growth for a Relationship Manager at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Relationship Manager can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
1 year ₹2.9 Lakhs to ₹4.5 Lakhs per year
2 years ₹3.0 Lakhs to ₹4.5 Lakhs per year
3 years ₹2.9 Lakhs to ₹4.5 Lakhs per year
4 years ₹2.8 Lakhs to ₹4.5 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Finance Relationship Manager salary in India ranges between ₹2.2 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 87 Mahindra Finance latest salaries received from various employees of Mahindra Finance.