Mahindra Finance Relationship Manager Salaries by 90+ Employees (Updated 2025)

0 - 10 years exp.

₹2.2 Lakhs - ₹6 Lakhs

Salary of majority employees

Fixed (100%)

₹3.9 Lakhs

Variable (0%)

₹0.0

24% less than the average Relationship Manager Salary in NBFC Companies for 0 - 10 years of experience

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Salaries in different departments

Sales & Business Development Relationship Manager Salary 0 - 10 years exp. (26 salaries)	₹2.6 L/yr - ₹6 L/yr
Finance & Accounting Relationship Manager Salary 0 - 9 years exp. (21 salaries)	₹2.2 L/yr - ₹6 L/yr
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BFSI, Investments & Trading Relationship Manager Salary 1 - 10 years exp. (13 salaries)	₹2.5 L/yr - ₹5 L/yr
Marketing & Communication Relationship Manager Salary 3 - 6 years exp. (4 salaries)	₹3 L/yr - ₹5.5 L/yr
Product Management Relationship Manager Salary 6 - 8 years exp. (3 salaries)	₹3.3 L/yr - ₹4.2 L/yr

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Last Updated: 28 Feb 2025

Companies similar to Mahindra Finance for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Relationship Manager Salary 0 - 15 years exp. (6.2k salaries)	₹2.1 L/yr - ₹12.5 L/yr 81% more	24 job openings
ICICI Bank Relationship Manager Salary 0 - 19 years exp. (13k salaries)	₹2.5 L/yr - ₹11.5 L/yr 94% more	1 job opening
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Axis Bank Relationship Manager Salary 0 - 15 years exp. (1.8k salaries)	₹2.5 L/yr - ₹13 L/yr 88% more	7 job openings
Kotak Mahindra Bank Relationship Manager Salary 0 - 12 years exp. (2.5k salaries)	₹1.5 L/yr - ₹10 L/yr 57% more	6 job openings
Bajaj Finance Relationship Manager Salary 0 - 9 years exp. (93 salaries)	₹1.6 L/yr - ₹6.3 L/yr 11% more	295 job openings
Tata Capital Relationship Manager Salary 0 - 11 years exp. (307 salaries)	₹4.5 L/yr - ₹16.6 L/yr 152% more	69 job openings
Aditya Birla Finance Relationship Manager Salary 0 - 9 years exp. (291 salaries)	₹2.5 L/yr - ₹9.7 L/yr 30% more
IndusInd Bank Relationship Manager Salary 0 - 15 years exp. (1.4k salaries)	₹3 L/yr - ₹12.5 L/yr 105% more	21 job openings
Yes Bank Relationship Manager Salary 0 - 15 years exp. (1.1k salaries)	₹3 L/yr - ₹13.5 L/yr 102% more	9 job openings
IDFC FIRST Bank Relationship Manager Salary 0 - 13 years exp. (601 salaries)	₹2 L/yr - ₹11 L/yr 60% more	7 job openings
HDB Financial Services Relationship Manager Salary 0 - 9 years exp. (1.4k salaries)	₹1.4 L/yr - ₹4.8 L/yr 20% less	1 job opening
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IIFL Finance Relationship Manager Salary 1 - 8 years exp. (425 salaries)	₹1.2 L/yr - ₹6 L/yr 15% less	3 job openings
SMFG India Credit Relationship Manager Salary 0 - 10 years exp. (331 salaries)	₹2.4 L/yr - ₹6.6 L/yr 3% more	1 job opening
Kotak Mahindra Prime Relationship Manager Salary 0 - 11 years exp. (269 salaries)	₹1.9 L/yr - ₹8 L/yr 4% more
Aditya Birla Capital Relationship Manager Salary 0 - 9 years exp. (269 salaries)	₹2 L/yr - ₹9 L/yr 21% more
Edelweiss Relationship Manager Salary 0 - 8 years exp. (238 salaries)	₹2.2 L/yr - ₹6.3 L/yr 18% more
Sammaan Capital Limited Relationship Manager Salary 1 - 10 years exp. (216 salaries)	₹1.8 L/yr - ₹5.5 L/yr 7% less	10 job openings
Capri Global Capital Relationship Manager Salary 0 - 9 years exp. (182 salaries)	₹1.4 L/yr - ₹4 L/yr 26% less	2 job openings
Cholamandalam Investment & Finance Relationship Manager Salary 2 - 9 years exp. (173 salaries)	₹2 L/yr - ₹6.3 L/yr 10% less
Shriram Finance Relationship Manager Salary 0 - 10 years exp. (151 salaries)	₹1.8 L/yr - ₹6.9 L/yr 8% less

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Relationship Manager salary at Mahindra Finance ranges between ₹2.2 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 93 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Relationship Manager salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹3 L/yr - ₹4.5 L/yr
1 year (7 salaries)	₹2.5 L/yr - ₹4.5 L/yr
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2 years (9 salaries)	₹3 L/yr - ₹4.5 L/yr
3 years (10 salaries)	₹2.9 L/yr - ₹4.5 L/yr
4 years (13 salaries)	₹2.8 L/yr - ₹4.5 L/yr
5 years (16 salaries)	₹2.2 L/yr - ₹6 L/yr
6 years (11 salaries)	₹2.5 L/yr - ₹6 L/yr
7 years (11 salaries)	₹2.4 L/yr - ₹6 L/yr
8 years (5 salaries)	₹3.3 L/yr - ₹4.6 L/yr
9 years (3 salaries)	₹3 L/yr - ₹4.4 L/yr
10 years (4 salaries)	₹3 L/yr - ₹5 L/yr

View all

Similar Designation salaries in Mahindra Finance

Relationship Officer Salary

(6 salaries)

₹2.8 L/yr - ₹2.96 L/yr

Branch Manager Salary

(164 salaries)

₹1.85 L/yr - ₹9.1 L/yr

Department Manager Salary

(4 salaries)

₹10.48 L/yr - ₹35 L/yr

Store Manager Salary

(3 salaries)

₹5 L/yr - ₹26.5 L/yr

Deputy Manager Salary

(242 salaries)

₹4.04 L/yr - ₹12 L/yr

Territory Manager Salary

(12 salaries)

₹5 L/yr - ₹10.25 L/yr

Sales Manager Salary

(107 salaries)

₹2.35 L/yr - ₹8.2 L/yr

Area Sales Manager Salary

(71 salaries)

₹4.2 L/yr - ₹16.35 L/yr

Area Manager Salary

(98 salaries)

₹3.5 L/yr - ₹14 L/yr

Branch Sales Manager Salary

(5 salaries)

₹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 27 employees for salary & benefits

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

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.

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.

Business Development Executive in Nagaon

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.

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...

Salary - Poor

+1 more

Sales Executive in Moradabad

Finance & Accounting Department

5.0

• posted on 28 Apr 2021

5.0

for Salary and Benefits

Likes

Overall my current company is good for learning about the sales, competition, working ethics and most important how to writing mail, good working environment and culture. Clear and transparent policies.

Salary - Excellent

+5 more

Dislikes

...wth is slow. And appraisal is not done last year and not done in this year aslo. No salary increment and yearly bonus also stopped.

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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 my previous org.

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Mahindra Finance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Mahindra Finance?

Relationship Manager salary at Mahindra Finance in India ranges between ₹2.2 Lakhs to ₹6.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 24% less than the average Relationship Manager Salary in India. Salary estimates are based on 93 latest salaries received from various employees of Mahindra Finance India.

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

The average salary of a Relationship Manager at Mahindra Finance is 24% less than the average salary of a Relationship Manager in India. To know exact salary insights, login to view.

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

Cross Selling, Bonds, Customer Acquisition, Mutual Funds and Insurance are some of the popular skills required to work as a Relationship Manager at Mahindra Finance India.

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

Tata Capital Relationship Manager Salary - ₹4.5 Lakhs to ₹16.6 Lakhs per year
IndusInd Bank Relationship Manager Salary - ₹3.0 Lakhs to ₹12.5 Lakhs per year
Yes Bank Relationship Manager Salary - ₹3.0 Lakhs to ₹13.5 Lakhs per year
ICICI Bank Relationship Manager Salary - ₹2.5 Lakhs to ₹11.5 Lakhs per year
Axis Bank Relationship Manager Salary - ₹2.5 Lakhs to ₹13.0 Lakhs per year

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

HDFC Bank Relationship Manager Salary - ₹2.1 Lakhs to ₹12.5 Lakhs per year
L&T Finance Relationship Manager Salary - ₹2.4 Lakhs to ₹12.0 Lakhs per year
IDFC FIRST Bank Relationship Manager Salary - ₹2.0 Lakhs to ₹11.0 Lakhs per year
Kotak Mahindra Bank Relationship Manager Salary - ₹1.5 Lakhs to ₹10.0 Lakhs per year
Poonawalla Fincorp Relationship Manager Salary - ₹2.4 Lakhs to ₹7.5 Lakhs per year

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 ranges between ₹28,361 per month to ₹29,750 per month in India. The take-home salary calculation is based on the average Mahindra Finance Relationship Manager salary in India which ranges between ₹2.2 Lakhs to ₹6.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 48% of the Mahindra Finance Relationship Managers reported a notice period of 3 Months, 30% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 50 responses on AmbitionBox in last 2 years.

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Mahindra Finance Relationship Manager Salaries

Mahindra Finance Relationship Manager salary in India ranges between ₹2.2 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 93 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Relationship Manager salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Relationship Manager

Latest annual salaries shared by Mahindra Finance Relationship Manager

Experience wise Mahindra Finance Relationship Manager salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Relationship Manager

Salary related reviews for Mahindra Finance

Relationship Manager in Chandigarh

Deputy Manager in Mumbai

Sales Executive in Derabassi

Business Development Executive in Nagaon

Sales Executive in Moradabad

Mahindra Finance Relationship Manager Salary FAQs

Tell us how to improve this page.

Mahindra Finance Relationship Manager Salaries by Location