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

2 - 10 years exp.

₹2.3 Lakhs - ₹5.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

28% 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
HDB Financial Services Senior Collection Officer Salary 0 - 8 years exp. (181 salaries)	₹1.1 L/yr - ₹4.5 L/yr 32% less
L&T Finance Senior Collection Officer Salary 2 - 8 years exp. (38 salaries)	₹1.7 L/yr - ₹3.6 L/yr 32% less
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IIFL Finance Senior Collection Officer Salary 3 - 11 years exp. (34 salaries)	₹2.1 L/yr - ₹5 L/yr 17% less
Sammaan Capital Limited Senior Collection Officer Salary 3 - 9 years exp. (32 salaries)	₹2.3 L/yr - ₹4.7 L/yr 12% less
Poonawalla Fincorp Senior Collection Officer Salary 3 - 14 years exp. (23 salaries)	₹2 L/yr - ₹4.2 L/yr 11% less
Shriram Finance Senior Collection Officer Salary 5 - 14 years exp. (22 salaries)	₹2 L/yr - ₹5.1 L/yr 10% less
Five-Star Business Finance Senior Collection Officer Salary 0 - 10 years exp. (10 salaries)	₹2.9 L/yr - ₹4.1 L/yr 10% less
Satin Creditcare Network Senior Collection Officer Salary 1 - 8 years exp. (5 salaries)	₹2 L/yr - ₹2.4 L/yr 42% less
Bajaj Finance Senior Collection Officer Salary 1 - 6 years exp. (5 salaries)	₹2.8 L/yr - ₹4.3 L/yr 14% less	1 job opening
SMFG India Credit Senior Collection Officer Salary 5 - 9 years exp. (5 salaries)	₹1.9 L/yr - ₹5 L/yr At par
Manappuram Finance Senior Collection Officer Salary 1 - 12 years exp. (4 salaries)	₹3.3 L/yr - ₹3.8 L/yr 10% less
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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 - 11 years exp. (4 salaries)	₹2.5 L/yr - ₹2.9 L/yr 30% less
Bharat Financial Inclusion Senior Collection Officer Salary 3 - 5 years exp. (3 salaries)	₹2.4 L/yr - ₹2.4 L/yr 37% 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.

Latest annual salaries shared by Mahindra Finance Senior Collection Officer

2d ago

₹4 Lakhs

5 years exp.

7mo ago

₹4 Lakhs

4 years exp.

8mo ago

₹3.1 Lakhs

3 years exp.

10mo ago

₹4.5 Lakhs

6 years exp.

1y ago

₹4.2 Lakhs

7 years exp.

1y ago

7 years exp.

1y ago

3 years exp.

1y ago

5 years exp.

1y ago

4 years exp.

1y ago

10 years exp.

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
Login to view exact salary
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

Collection Officer Salary

(144 salaries)

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Senior Collection Executive Salary

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Area Collection Manager Salary

(79 salaries)

₹3.75 L/yr - ₹11.57 L/yr

Collections Manager Salary

(73 salaries)

₹1.5 L/yr - ₹5.5 L/yr

Relationship Officer Salary

(6 salaries)

₹2.8 L/yr - ₹2.96 L/yr

Sales Officer Salary

(55 salaries)

₹1.65 L/yr - ₹4.56 L/yr

Recovery Officer Salary

(27 salaries)

₹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

(4 salaries)

₹1.86 L/yr - ₹2.8 L/yr

Salary related reviews for Mahindra Finance

4.6

Rated by 10 employees for salary & benefits

Sales Executive in Salem

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

Salary - Bad

+4 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.

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Finance Senior Collection Officer Salary FAQs

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

The average salary of a Senior Collection Officer at Mahindra Finance in India typically ranges from ₹2.3 Lakhs to ₹5.1 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Senior Collection Officer at Mahindra Finance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Senior Collection Officer 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 20+ Mahindra Finance employees in India.

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 in India typically ranges from ₹28,242 to ₹29,632 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from 2 years 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 20+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Senior Collection Officer in India?

SMFG India Credit

₹1.9 Lakhs to ₹5.0 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 Senior Collection Officer in companies similar to Mahindra Finance in India?

The salary of a Senior Collection Officer at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance	₹2.0 Lakhs to ₹5.1 Lakhs per year
Manappuram Finance	₹3.3 Lakhs to ₹3.8 Lakhs per year
Five-Star Business Finance	₹2.9 Lakhs to ₹4.1 Lakhs per year
Poonawalla Fincorp	₹2.0 Lakhs to ₹4.2 Lakhs per year
Sammaan Capital Limited	₹2.3 Lakhs to ₹4.7 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 Senior Collection Officer at Mahindra Finance in India?

The salary growth for a Senior Collection Officer at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Senior Collection Officer can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
2 years	₹3.0 Lakhs to ₹6.3 Lakhs per year
3 years	₹2.3 Lakhs to ₹6.5 Lakhs per year
4 years	₹2.5 Lakhs to ₹4.5 Lakhs per year
5 years	₹2.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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Mahindra Finance Senior Collection Officer Salaries by Location

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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

Sales Executive in Salem

Deputy Manager in Mumbai

Back Office Executive in Faizabad

Collections Manager in New Delhi

Relationship Manager in Chandigarh

Mahindra Finance Senior Collection Officer Salary FAQs

Tell us how to improve this page.

Mahindra Finance Senior Collection Officer Salaries by Location