Mahindra Finance Indore Relationship Manager Salaries by 10 Employees (Updated 2024)

0 - 6 years exp.

₹2.5 Lakhs - ₹6 Lakhs

Salary of majority employees

19% less than the average Relationship Manager Salary in NBFC Companies for 0 - 6 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development Relationship Manager Salary 1 - 6 years exp. (4 salaries)	₹3.3 L/yr - ₹6 L/yr
Finance & Accounting Relationship Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.8 L/yr
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BFSI, Investments & Trading Relationship Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.7 L/yr
Marketing & Communication Relationship Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.8 L/yr

Last Updated: 4 Dec 2024

Companies similar to Mahindra Finance for Relationship Manager in Indore

Mahindra Finance Relationship Manager Salary

0 - 6 years exp. (10 salaries)

₹2.5 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Relationship Manager Salary 0 - 16 years exp. (573 salaries)	₹2.5 L/yr - ₹11 L/yr 49% more
Bajaj Finance Relationship Manager Salary 5 - 8 years exp. (3 salaries)	₹4 L/yr - ₹5.7 L/yr 13% more
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Tata Capital Relationship Manager Salary 4 - 6 years exp. (8 salaries)	₹8.6 L/yr - ₹16 L/yr 118% more	113 job openings
Aditya Birla Finance Relationship Manager Salary 2 - 8 years exp. (6 salaries)	₹4 L/yr - ₹9.4 L/yr 20% more
Yes Bank Relationship Manager Salary 0 - 15 years exp. (32 salaries)	₹3.3 L/yr - ₹12 L/yr 63% more	15 job openings
IDFC FIRST Bank Relationship Manager Salary 1 - 10 years exp. (35 salaries)	₹2.2 L/yr - ₹10 L/yr 28% more	6 job openings
IIFL Finance Relationship Manager Salary 1 - 7 years exp. (41 salaries)	₹1.4 L/yr - ₹6 L/yr 30% less
Sammaan Capital Limited Relationship Manager Salary 1 - 9 years exp. (21 salaries)	₹2.8 L/yr - ₹4.5 L/yr 11% less	11 job openings
Aavas Financiers Relationship Manager Salary 1 - 8 years exp. (20 salaries)	₹2.6 L/yr - ₹5 L/yr 18% less
Edelweiss Relationship Manager Salary 1 - 8 years exp. (15 salaries)	₹2.9 L/yr - ₹6 L/yr 1% more
Tata Capital Housing Finance Relationship Manager Salary 3 - 9 years exp. (10 salaries)	₹3.2 L/yr - ₹5 L/yr 15% less
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Poonawalla Fincorp Relationship Manager Salary 0 - 5 years exp. (10 salaries)	₹2.4 L/yr - ₹6 L/yr 27% more	2 job openings
Kotak Mahindra Prime Relationship Manager Salary 4 - 8 years exp. (8 salaries)	₹2.1 L/yr - ₹5.7 L/yr 16% less
Aditya Birla Capital Relationship Manager Salary 1 - 4 years exp. (8 salaries)	₹2.8 L/yr - ₹6.2 L/yr 7% more
PNB Housing Finance Relationship Manager Salary 4 - 7 years exp. (4 salaries)	₹2.4 L/yr - ₹4 L/yr 35% less	1 job opening

Relationship Manager salary at Mahindra Finance ranges between ₹2.5 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 10 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Relationship Manager salaries in Indore

Last Updated: 4 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.1 L/yr
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.3 L/yr
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2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹7.4 L/yr
3 years (3 salaries)	₹3 L/yr - ₹7.6 L/yr
4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹6 L/yr

View all

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(7 salaries)

₹5 L/yr - ₹8.6 L/yr

Branch Manager Salary

(5 salaries)

₹3.5 L/yr - ₹6.7 L/yr

Business Manager Salary

(3 salaries)

₹2.5 L/yr - ₹6.25 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

5.0

Rated by 1 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.

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

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.

Dislikes

So far no issues.

Area Business Manager in Lucknow

Full Time

Sales & Business Development Department

3.0

• posted on 27 Jan 2024

4.0

for Salary and Benefits

Likes

Job security Not much of work load Salary and incentives are good

Dislikes

Lots of work pressure Unrealistic targets and undue pressure to achieve Partiality to get growth Partiality from top management for growth in position Uneducated and incapable top management are placed and they put undue pressure to down the line staff Top management puts entire workload on Staff even daily reports are to be prepared by someone in team

Area Business Manager in Pondicherry / Puducherry

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

The company is good company where you can learn about business and collection. Employees are friendly and you will get good salary and hike. Only problem is work life balance which you can't handle well when you work in MMFSL

Dislikes

Work life balance

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Finance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Mahindra Finance Indore?

Relationship Manager salary at Mahindra Finance in Indore ranges between ₹2.5 Lakhs to ₹6.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 19% less than the average Relationship Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Mahindra Finance Indore.

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

The average salary of a Relationship Manager at Mahindra Finance is 19% less than the average salary of a Relationship Manager in Indore. 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 Indore.

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

Tata Capital Relationship Manager Salary - ₹8.6 Lakhs to ₹16.0 Lakhs per year
Yes Bank Relationship Manager Salary - ₹3.3 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Relationship Manager Salary - ₹2.5 Lakhs to ₹11.0 Lakhs per year
IDFC FIRST Bank Relationship Manager Salary - ₹2.2 Lakhs to ₹10.0 Lakhs per year
Poonawalla Fincorp Relationship Manager Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year

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

Aditya Birla Finance Relationship Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year
Bajaj Finance Relationship Manager Salary - ₹4.0 Lakhs to ₹5.7 Lakhs per year
Aditya Birla Capital Relationship Manager Salary - ₹2.8 Lakhs to ₹6.2 Lakhs per year
Edelweiss Relationship Manager Salary - ₹2.9 Lakhs to ₹6.0 Lakhs per year
Sammaan Capital Limited Relationship Manager Salary - ₹2.8 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Relationship Manager at Mahindra Finance in Indore?

The estimated take-home salary of a Relationship Manager at Mahindra Finance ranges between ₹32,742 per month to ₹34,015 per month in Indore. The take-home salary calculation is based on the average Mahindra Finance Relationship Manager salary in India which ranges between ₹2.5 Lakhs to ₹6.0 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Mahindra Finance Relationship Managers in Indore reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra Finance Relationship Manager Salaries in Indore

Mahindra Finance Relationship Manager salary in Indore ranges between ₹2.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Mahindra Finance latest salaries received from various employees of Mahindra Finance.