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Mahindra Rural Housing Finance Branch Manager 1 salaries in India (Updated 2025)

Annual salary range
5 - 8 years exp.
₹4.1 Lakhs - ₹6.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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23% less than the average Branch Manager 1 Salary in NBFC Companies for 5 - 8 years of experience

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Salaries in different departments

Finance & Accounting
Branch Manager 1 Salary
5 - 8 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.8 L/yr

Sales & Business Development
Branch Manager 1 Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹6.5 L/yr

Last Updated: 17 Mar 2025

Companies similar to Mahindra Rural Housing Finance for Branch Manager 1

Company name Avg Annual Salary Open Jobs
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IIFL Finance Branch Manager 1 Salary

2 - 12 years exp. (26 salaries)

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₹3.7 L/yr - ₹6.5 L/yr

arrow icon 19% more
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Muthoot Fincorp Branch Manager 1 Salary

4 - 15 years exp. (23 salaries)

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₹3 L/yr - ₹5 L/yr

At par
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Muthoot Finance Branch Manager 1 Salary

4 - 11 years exp. (22 salaries)

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₹3 L/yr - ₹5.6 L/yr

arrow icon 1% more
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Manappuram Finance Branch Manager 1 Salary

2 - 4 years exp. (8 salaries)

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₹2.4 L/yr - ₹4.3 L/yr

arrow icon 30% less
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₹1.8 L/yr - ₹4.2 L/yr

arrow icon 31% less
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 18% less
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Bajaj Finance Branch Manager 1 Salary

2 - 10 years exp. (5 salaries)

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₹3.6 L/yr - ₹6.5 L/yr

arrow icon 20% more
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SMFG India Credit Branch Manager 1 Salary

10 - 16 years exp. (5 salaries)

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₹4.2 L/yr - ₹8.4 L/yr

arrow icon 55% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 17% less
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Asirvad Microfinance Branch Manager 1 Salary

3 - 7 years exp. (4 salaries)

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₹3.4 L/yr - ₹3.6 L/yr

arrow icon 21% less
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Muthoot Microfin Branch Manager 1 Salary

2 - 7 years exp. (4 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 26% less
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Aavas Financiers Branch Manager 1 Salary

3 - 8 years exp. (4 salaries)

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₹3.8 L/yr - ₹4.5 L/yr

At par
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L&T Finance Branch Manager 1 Salary

3 - 8 years exp. (4 salaries)

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₹3.5 L/yr - ₹4.8 L/yr

arrow icon 5% less
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Tata Capital Branch Manager 1 Salary

2 - 12 years exp. (4 salaries)

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₹4.1 L/yr - ₹9.5 L/yr

arrow icon 38% more
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CreditAccess Grameen Branch Manager 1 Salary

6 - 9 years exp. (4 salaries)

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₹3.6 L/yr - ₹8.6 L/yr

arrow icon 14% more
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₹4.3 L/yr - ₹7.5 L/yr

arrow icon 31% more
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₹6.1 L/yr - ₹8.5 L/yr

arrow icon 89% more
Branch Manager 1 salary at Mahindra Rural Housing Finance ranges between ₹4.1 Lakhs to ₹6.5 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Rural Housing Finance.

Latest annual salaries shared by Mahindra Rural Housing Finance Branch Manager 1

3d ago
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8 years exp.
7mo ago
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5 years exp.
1y ago
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8 years exp.

Experience wise Mahindra Rural Housing Finance Branch Manager 1 salaries

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹6.5 L/yr

Similar Designation salaries in Mahindra Rural Housing Finance

Branch Manager Salary
(364 salaries)
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₹1.85 L/yr - ₹8 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr
Area Manager Salary
(10 salaries)
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₹9.25 L/yr - ₹14 L/yr
Credit Manager Salary
(84 salaries)
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₹2 L/yr - ₹8.54 L/yr
Sales Manager Salary
(19 salaries)
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₹1.5 L/yr - ₹6 L/yr
Branch Head Salary
(4 salaries)
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₹3.05 L/yr - ₹6 L/yr
Deputy Manager Salary
(89 salaries)
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₹3.2 L/yr - ₹10.75 L/yr
Chief Manager Salary
(7 salaries)
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₹17.1 L/yr - ₹25 L/yr
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₹3.65 L/yr - ₹5.65 L/yr
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₹4.5 L/yr - ₹5.15 L/yr

Salary related reviews for Mahindra Rural Housing Finance

3.3

Rated by 3 employees for salary & benefits

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

read more
  • 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).

read more
  • Job security - Poor

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.

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Full Time

 · 

Marketing & Communication Department

1.0
  •  posted on 21 Jan 2024

1.0
 for  Salary and Benefits

Likes

I don't like the Mahindra Rural Housing Finance (MRHFL) Reason: I started January 8 this month's salary not credit in my account and February month salary just 6500 rupees worst behaviour HR department. I not relieved the company but company abscond my name, I facing big problem in my life intercaste marriage this the reason abscond my name, I called to HR department in my relieving letter HR is not giving my relieving letter, so many problems in this company🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬

read more

Dislikes

Worst experience in this company

  • Salary - Bad
  • +6 more

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

read more
  • Skill development - Bad
  • +5 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 17 Oct 2022

2.0
 for  Salary and Benefits

Likes

1.In this company provide loans for rural people and transforming rural areas in that reason educate to rural people 2.For giving best career to every one 3.Freshers can do and mingle with this company easily

read more
  • Job security - Excellent
  • +1 more

Dislikes

Salary Hich is very bad

  • Salary - Poor
see more salary related reviews

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Mahindra Rural Housing Finance Branch Manager 1 Salary FAQs

What is the salary of Branch Manager 1 at Mahindra Rural Housing Finance ?
The average salary of a Branch Manager 1 at Mahindra Rural Housing Finance in India typically ranges from ₹4.1 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 5 years to 8 years).

The top 10% of Branch Manager 1 at Mahindra Rural Housing Finance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Branch Manager 1 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 4 Mahindra Rural Housing Finance employees in India.
What is the estimated take home salary of a Branch Manager 1 at Mahindra Rural Housing Finance in India?
The estimated take-home salary of a Branch Manager 1 at Mahindra Rural Housing Finance in India typically ranges from ₹32,360 to ₹33,639 per month. This is based on the average salary range of ₹4.1 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 5 years to 8 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 4 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 Manager 1 in India?
HDB Financial Services ₹6.1 Lakhs to ₹8.5 Lakhs per year
SMFG India Credit ₹4.2 Lakhs to ₹8.4 Lakhs per year
Tata Capital ₹4.1 Lakhs to ₹9.5 Lakhs per year
Piramal Capital Housing Finance ₹4.3 Lakhs to ₹7.5 Lakhs per year
Bajaj Finance ₹3.6 Lakhs to ₹6.5 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 Manager 1 in companies similar to Mahindra Rural Housing Finance in India?
The salary of a Branch Manager 1 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 ₹3.7 Lakhs to ₹6.5 Lakhs per year
CreditAccess Grameen ₹3.6 Lakhs to ₹8.6 Lakhs per year
Muthoot Finance ₹3.0 Lakhs to ₹5.6 Lakhs per year
Aavas Financiers ₹3.8 Lakhs to ₹4.5 Lakhs per year
Muthoot Fincorp ₹3.0 Lakhs to ₹5.0 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 Manager 1 at Mahindra Rural Housing Finance in India?
The salary growth for a Branch Manager 1 at Mahindra Rural Housing Finance depends on factors such as experience, performance, and promotions. On average, a Branch Manager 1 can expect the following growth trajectory at Mahindra Rural Housing Finance:

Experience Average Salary Range
5 years ₹1.6 Lakhs to ₹4.1 Lakhs per year
6 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
7 years ₹1.9 Lakhs to ₹6.5 Lakhs per year
8 years ₹2.1 Lakhs to ₹6.5 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Rural Housing Finance Branch Manager 1 salary in India ranges between ₹4.1 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Mahindra Rural Housing Finance latest salaries received from various employees of Mahindra Rural Housing Finance.