Mahindra Finance Senior Collection Officer Salaries by 20+ Employees (Updated 2025)

2 - 10 years exp.

₹2.3 Lakhs - ₹5.1 Lakhs

Salary of majority employees

27% more than the average Senior Collection Officer Salary in NBFC Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Collection Officer Salary 5 - 10 years exp. (8 salaries)	₹2.6 L/yr - ₹4.2 L/yr
Finance & Accounting Senior Collection Officer Salary 3 - 8 years exp. (7 salaries)	₹2.9 L/yr - ₹4.5 L/yr
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Legal & Regulatory Senior Collection Officer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.4 L/yr
Marketing & Communication Senior Collection Officer Salary 7 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹5.1 L/yr

Last Updated: 28 Feb 2025

Companies similar to Mahindra Finance for Senior Collection Officer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Senior Collection Officer Salary 1 - 6 years exp. (5 salaries)	₹2.8 L/yr - ₹4.3 L/yr 6% less
HDFC Bank Senior Collection Officer Salary 3 - 6 years exp. (47 salaries)	₹1.5 L/yr - ₹4.1 L/yr 27% less
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Shriram Finance Senior Collection Officer Salary 5 - 14 years exp. (22 salaries)	₹2 L/yr - ₹5.1 L/yr 10% less
L&T Finance Senior Collection Officer Salary 2 - 8 years exp. (36 salaries)	₹1.7 L/yr - ₹3.6 L/yr 32% less
Cholamandalam Investment & Finance Senior Collection Officer Salary 3 - 11 years exp. (18 salaries)	₹2.1 L/yr - ₹4.2 L/yr 12% less
Aditya Birla Capital Senior Collection Officer Salary 0 - 8 years exp. (3 salaries)	₹4.5 L/yr - ₹6.6 L/yr 37% more
Edelweiss Senior Collection Officer Salary 4 - 17 years exp. (6 salaries)	₹3 L/yr - ₹4 L/yr 10% less
Sammaan Capital Limited Senior Collection Officer Salary 3 - 9 years exp. (34 salaries)	₹2.3 L/yr - ₹4.9 L/yr 9% less
IIFL Finance Senior Collection Officer Salary 3 - 11 years exp. (34 salaries)	₹2.1 L/yr - ₹5 L/yr 17% less
Poonawalla Fincorp Senior Collection Officer Salary 3 - 14 years exp. (23 salaries)	₹2 L/yr - ₹4.2 L/yr 11% less
Satin Creditcare Network Senior Collection Officer Salary 1 - 8 years exp. (5 salaries)	₹2 L/yr - ₹2.4 L/yr 42% less
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SMFG India Credit Senior Collection Officer Salary 5 - 9 years exp. (5 salaries)	₹1.9 L/yr - ₹5 L/yr 11% less
Mahindra Rural Housing Finance Senior Collection Officer Salary 1 - 7 years exp. (4 salaries)	₹1.8 L/yr - ₹2.2 L/yr 47% less
TVS Credit Senior Collection Officer Salary 1 - 9 years exp. (4 salaries)	₹1.1 L/yr - ₹2.9 L/yr 42% less
Muthoot Fincorp Senior Collection Officer Salary 1 - 6 years exp. (3 salaries)	₹3.1 L/yr - ₹7.2 L/yr At par
Bharat Financial Inclusion Senior Collection Officer Salary 3 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr 32% less
Manappuram Finance Senior Collection Officer Salary 1 - 12 years exp. (3 salaries)	₹3.3 L/yr - ₹3.8 L/yr 8% less
Kotak Mahindra Prime Senior Collection Officer Salary 3 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 29% less

Senior Collection Officer salary at Mahindra Finance ranges between ₹2.3 Lakhs to ₹5.1 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 26 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Senior Collection Officer salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.3 L/yr
3 years (3 salaries)	₹2.3 L/yr - ₹6.5 L/yr
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4 years (4 salaries)	₹2.5 L/yr - ₹4.5 L/yr
5 years (6 salaries)	₹2.5 L/yr - ₹4.5 L/yr
6 years (6 salaries)	₹2.9 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5.1 L/yr
8 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.2 L/yr
9 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.5 L/yr

View all

Similar Designation salaries in Mahindra Finance

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Area Collection Manager Salary

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Collections Manager Salary

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Relationship Officer Salary

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Sales Officer Salary

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₹1.65 L/yr - ₹4.25 L/yr

Recovery Officer Salary

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₹1.8 L/yr - ₹3.8 L/yr

Collection Associate Salary

(13 salaries)

₹2.18 L/yr - ₹3.5 L/yr

Field Officer Salary

(23 salaries)

₹1.8 L/yr - ₹4.6 L/yr

Officer Salary

(5 salaries)

₹1.86 L/yr - ₹2.8 L/yr

Salary related reviews for Mahindra Finance

4.5

Rated by 9 employees for salary & benefits

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.

Back Office Executive in Faizabad

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jul 2023

1.0

for Salary and Benefits

Likes

ONLY TO KNOW THAT HOW NBFC ARE WORKING AND WHAT ARE THIER PROCEDURE TO FIVE LOAN TO THE CUSTOMERS..

Dislikes

NO FAIR APRRAISAL & PROMOTIONS TO THE EMPLOYEES. IN A VERY SMALL SALARY LOTS OF WORK TO THE EMPLOYEE...AND MOST IMPORTANTLY FAVOURTISM AND REFERENCES WORKS INSTEAD OF HARDWORK HERE...

Salary - Bad

+6 more

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

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

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Mahindra Finance Senior Collection Officer Salary FAQs

What is the salary of Senior Collection Officer at Mahindra Finance?

Senior Collection Officer salary at Mahindra Finance in India ranges between ₹2.3 Lakhs to ₹5.1 Lakhs for experience between 2 years to 10 years. According to our estimates it is 27% more than the average Senior Collection Officer Salary in India. Salary estimates are based on 26 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Senior Collection Officer at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Senior Collection Officer at Mahindra Finance is 27% more than the average salary of a Senior Collection Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Senior Collection Officer in India?

Aditya Birla Capital Senior Collection Officer Salary - ₹4.5 Lakhs to ₹6.6 Lakhs per year
Muthoot Fincorp Senior Collection Officer Salary - ₹3.1 Lakhs to ₹7.2 Lakhs per year

What is the salary of a Senior Collection Officer in companies similar to Mahindra Finance in India?

Bajaj Finance Senior Collection Officer Salary - ₹2.8 Lakhs to ₹4.3 Lakhs per year
Manappuram Finance Senior Collection Officer Salary - ₹3.3 Lakhs to ₹3.8 Lakhs per year
Sammaan Capital Limited Senior Collection Officer Salary - ₹2.3 Lakhs to ₹4.9 Lakhs per year
Edelweiss Senior Collection Officer Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
Shriram Finance Senior Collection Officer Salary - ₹2.0 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Senior Collection Officer at Mahindra Finance in India?

The estimated take-home salary of a Senior Collection Officer at Mahindra Finance ranges between ₹28,242 per month to ₹29,632 per month in India. The take-home salary calculation is based on the average Mahindra Finance Senior Collection Officer salary in India which ranges between ₹2.3 Lakhs to ₹5.1 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 Senior Collection Officer at Mahindra Finance?

According to AmbitionBox, 52% of the Mahindra Finance Senior Collection Officers reported a notice period of 3 Months, 31% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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Mahindra Finance Senior Collection Officer Salaries

Mahindra Finance Senior Collection Officer salary in India ranges between ₹2.3 Lakhs to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Senior Collection Officer salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Senior Collection Officer

Latest annual salaries shared by Mahindra Finance Senior Collection Officer

Experience wise Mahindra Finance Senior Collection Officer salaries

Similar Designation salaries in Mahindra Finance

Salary related reviews for Mahindra Finance

Deputy Manager in Mumbai

Back Office Executive in Faizabad

Collections Manager in New Delhi

Relationship Manager in Chandigarh

Collection Officer in Dehradoon

Mahindra Finance Senior Collection Officer Salary FAQs

Tell us how to improve this page.

Mahindra Finance Senior Collection Officer Salaries by Location