Mahindra Rural Housing Finance Branch Credit Officer Salaries by 20+ Employees

1 - 6 years exp.

₹2.1 Lakhs - ₹3.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% less than the average Branch Credit Officer Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

Finance & Accounting Branch Credit Officer Salary 1 - 6 years exp. (9 salaries)	₹2.3 L/yr - ₹3 L/yr
Customer Success, Service & Operations Branch Credit Officer Salary 1 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹2.6 L/yr
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BFSI, Investments & Trading Branch Credit Officer Salary 4 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3 L/yr
Risk Management & Compliance Branch Credit Officer Salary 3 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹2.9 L/yr

Last Updated: 31 Aug 2024

Companies similar to Mahindra Rural Housing Finance for Branch Credit Officer

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Finance Branch Credit Officer Salary 2 - 4 years exp. (6 salaries)	₹3 L/yr - ₹4.1 L/yr 25% more
Manappuram Finance Branch Credit Officer Salary 2 - 6 years exp. (6 salaries)	₹2.8 L/yr - ₹3.4 L/yr 5% more
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SK Finance Limited Branch Credit Officer Salary 4 - 10 years exp. (6 salaries)	₹3 L/yr - ₹4.7 L/yr 43% more
Muthoot Fincorp Branch Credit Officer Salary 0 - 6 years exp. (6 salaries)	₹2.6 L/yr - ₹3.2 L/yr 6% more
Mahindra Finance Branch Credit Officer Salary 0 - 9 years exp. (4 salaries)	₹3 L/yr - ₹4.4 L/yr 30% more
Muthoot Microfin Branch Credit Officer Salary 1 - 21 years exp. (4 salaries)	₹1.3 L/yr - ₹2.3 L/yr 36% less
L&T Finance Branch Credit Officer Salary 4 - 17 years exp. (4 salaries)	₹3.1 L/yr - ₹18.1 L/yr 184% more
SMFG India Credit Branch Credit Officer Salary 2 - 6 years exp. (4 salaries)	₹1.2 L/yr - ₹4.5 L/yr 18% more
IIFL Finance Branch Credit Officer Salary 3 - 9 years exp. (3 salaries)	₹2.5 L/yr - ₹3.2 L/yr 6% more
HDB Financial Services Branch Credit Officer Salary 1 - 5 years exp. (3 salaries)	₹1.7 L/yr - ₹2 L/yr 35% less

Branch Credit Officer salary at Mahindra Rural Housing Finance ranges between ₹2.1 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 22 latest salaries received from various employees of Mahindra Rural Housing Finance.

Latest annual salaries shared by Mahindra Rural Housing Finance Branch Credit Officer

5mo ago

₹2.5 Lakhs

1 year exp.

7mo ago

₹2.9 Lakhs

3 years exp.

8mo ago

₹2.9 Lakhs

4 years exp.

8mo ago

₹3.1 Lakhs

6 years exp.

9mo ago

₹3 Lakhs

3 years exp.

10mo ago

5 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

1y ago

6 years exp.

1y ago

4 years exp.

Experience wise Mahindra Rural Housing Finance Branch Credit Officer salaries

Last Updated: 31 Aug 2024

Experience	Avg Annual Salary
1 year (5 salaries)	₹2.3 L/yr - ₹5 L/yr
2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
Login to view exact salary
3 years (4 salaries)	₹2.5 L/yr - ₹3 L/yr
4 years (6 salaries)	₹2.1 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr
6 years (3 salaries)	₹2.5 L/yr - ₹3.1 L/yr

View all

Similar Designation salaries in Mahindra Rural Housing Finance

Branch Credit Manager Salary

(133 salaries)

₹2.1 L/yr - ₹7.81 L/yr

Senior Credit Officer Salary

(5 salaries)

₹2.71 L/yr - ₹3.7 L/yr

Credit Officer Salary

(199 salaries)

₹1.15 L/yr - ₹4 L/yr

Area Credit Manager Salary

(38 salaries)

₹5.6 L/yr - ₹14.78 L/yr

Zonal Credit Manager Salary

(4 salaries)

₹40.8 L/yr - ₹52 L/yr

Sales Officer Salary

(6 salaries)

₹1.85 L/yr - ₹2.5 L/yr

Deputy Credit Manager Salary

(34 salaries)

₹3 L/yr - ₹8.5 L/yr

Regional Credit Manager Salary

(5 salaries)

₹16.3 L/yr - ₹19 L/yr

Branch Manager Salary

(361 salaries)

₹1.85 L/yr - ₹8.5 L/yr

Credit Manager Salary

(84 salaries)

₹2 L/yr - ₹8.54 L/yr

Salary related reviews for Mahindra Rural Housing Finance

3.6

Rated by 14 employees for salary & benefits

Branch Credit Officer in Patna

Full Time

Risk Management & Compliance Department

2.0

• posted on 11 Oct 2023

2.0

for Salary and Benefits

Likes

This company is for people who want to have a basic life with basic salary and no growth. You will get to go home early and enjoy your tym with family.

Work-life balance - Excellent

Dislikes

Worst work culture. Every one is out there to get you and disturb you and pull your leg.

Salary - Poor

+5 more

Branch Manager in Shujalpur

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 15 Dec 2024

3.0

for Salary and Benefits

Likes

...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary

Skill development - Good

Dislikes

The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).

Job security - Poor

Area Credit Manager in Kochi

Full Time

Other Department

1.0

• posted on 27 Sep 2024

1.0

for Salary and Benefits

Likes

Skill development

Skill development - Good

Dislikes

I got promoted on Feb 2024 as an area Credit Manager but there is no change in my salary pack and grade. Hence I expected which will rectify after appraisal time but there is no decent salary hike as well as grade change during appraisal. I am continuing with organisation with same grade since joined on June 2022 as a manager grade

Salary - Bad

+1 more

Branch Manager in Akola

Full Time

Sales & Business Development Department

4.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

I like company culture environment co operative senior..

Skill development - Good

+5 more

Dislikes

I dislike company salary structure compare for new joining against old employee who was complete his above 5 years in company but company not provide as per role benefits.

Credit Manager in Jalandhar

Full Time

Risk Management & Compliance Department

1.0

• posted on 01 Apr 2023

3.0

for Salary and Benefits

Likes

Nothing at all

Dislikes

...Credit manager is responsible if vendor doesn't submit their bills timely, 😔 Travel allowance is not paid on time, No proper hygiene branches. Overall experience is much bad and not recommended

Skill development - Bad

+5 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 Rural Housing Finance Branch Credit Officer Salary FAQs

What is the salary of Branch Credit Officer at Mahindra Rural Housing Finance ?

The average salary of a Branch Credit Officer at Mahindra Rural Housing Finance in India typically ranges from ₹2.1 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Branch Credit Officer at Mahindra Rural Housing Finance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Branch Credit Officer Salaries at Mahindra Rural Housing 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 Rural Housing Finance employees in India.

What is the estimated take home salary of a Branch Credit Officer at Mahindra Rural Housing Finance in India?

The estimated take-home salary of a Branch Credit Officer at Mahindra Rural Housing Finance in India typically ranges from ₹19,766 to ₹21,433 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 1 year to 6 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 Rural Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Rural Housing Finance for Branch Credit Officer in India?

L&T Finance	₹3.1 Lakhs to ₹18.1 Lakhs per year
SK Finance Limited	₹3.0 Lakhs to ₹4.7 Lakhs per year
Mahindra Finance	₹3.0 Lakhs to ₹4.4 Lakhs per year
Aditya Birla Finance	₹3.0 Lakhs to ₹4.1 Lakhs per year
SMFG India Credit	₹1.2 Lakhs to ₹4.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Rural Housing Finance, depending on the role and experience level.

What is the salary of a Branch Credit Officer in companies similar to Mahindra Rural Housing Finance in India?

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

IIFL Finance	₹2.5 Lakhs to ₹3.2 Lakhs per year
Muthoot Fincorp	₹2.6 Lakhs to ₹3.2 Lakhs per year
Manappuram Finance	₹2.8 Lakhs to ₹3.4 Lakhs per year
HDB Financial Services	₹1.7 Lakhs to ₹2.0 Lakhs per year
Muthoot Microfin	₹1.3 Lakhs to ₹2.3 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 Branch Credit Officer at Mahindra Rural Housing Finance in India?

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

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹5.0 Lakhs per year
2 years	₹1.1 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.1 Lakhs to ₹2.9 Lakhs per year

and so on.

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Mahindra Rural Housing Finance Branch Credit Officer Salaries by Location

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Mahindra Rural Housing Finance Branch Credit Officer Salaries

Mahindra Rural Housing Finance Branch Credit Officer salary in India ranges between ₹2.1 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.

Mahindra Rural Housing Finance Branch Credit Officer salaries in India

Companies similar to Mahindra Rural Housing Finance for Branch Credit Officer

Latest annual salaries shared by Mahindra Rural Housing Finance Branch Credit Officer

Experience wise Mahindra Rural Housing Finance Branch Credit Officer salaries

Similar Designation salaries in Mahindra Rural Housing Finance

Salary related reviews for Mahindra Rural Housing Finance

Branch Credit Officer in Patna

Branch Manager in Shujalpur

Area Credit Manager in Kochi

Branch Manager in Akola

Credit Manager in Jalandhar

Mahindra Rural Housing Finance Branch Credit Officer Salary FAQs

Tell us how to improve this page.

Mahindra Rural Housing Finance Branch Credit Officer Salaries by Location