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State Bank of India Credit Officer salaries in Mumbai (Updated 2025)

Annual salary range
4 - 6 years exp.
₹8 Lakhs - ₹17 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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172% more than the average Credit Officer Salary in Banking Companies for 4 - 6 years of experience

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Last Updated: 24 Mar 2025

Companies similar to State Bank of India for Credit Officer in Mumbai

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State Bank of India Credit Officer Salary

4 - 6 years exp. (4 salaries)

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₹8 L/yr - ₹17 L/yr

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Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Credit Officer Salary

0 - 5 years exp. (15 salaries)

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₹1.5 L/yr - ₹2.9 L/yr

arrow icon 81% less
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ICICI Bank Credit Officer Salary

0 - 7 years exp. (13 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 71% less
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IndusInd Bank Credit Officer Salary

1 - 7 years exp. (9 salaries)

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₹1.5 L/yr - ₹3.2 L/yr

arrow icon 77% less
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Axis Bank Credit Officer Salary

1 - 6 years exp. (8 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 68% less
1 job opening
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Yes Bank Credit Officer Salary

2 - 7 years exp. (6 salaries)

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₹2.4 L/yr - ₹3.2 L/yr

arrow icon 76% less
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Bank of Baroda Credit Officer Salary

5 - 12 years exp. (5 salaries)

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₹8 L/yr - ₹15 L/yr

arrow icon 20% more
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Deutsche Bank Credit Officer Salary

2 - 8 years exp. (5 salaries)

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₹4.6 L/yr - ₹10.4 L/yr

arrow icon 22% less
3 job openings
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Bank of India Credit Officer Salary

6 - 7 years exp. (4 salaries)

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₹8 L/yr - ₹13.5 L/yr

arrow icon 15% less
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Indian Overseas Bank Credit Officer Salary

10 - 12 years exp. (3 salaries)

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₹14.5 L/yr - ₹18 L/yr

arrow icon 41% more
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IDFC FIRST Bank Credit Officer Salary

3 - 5 years exp. (3 salaries)

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₹2.2 L/yr - ₹2.8 L/yr

arrow icon 78% less
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Union Bank of India Credit Officer Salary

8 - 10 years exp. (3 salaries)

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₹8.8 L/yr - ₹10.7 L/yr

arrow icon 11% less
Credit Officer salary at State Bank of India ranges between ₹8 Lakhs to ₹17 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Credit Officer in Mumbai

2w ago
₹8 Lakhs
4 years exp.
3mo ago
₹12 Lakhs
6 years exp.

Experience wise State Bank of India Credit Officer salaries in Mumbai

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr
5 years (AmbitionBox Estimate)

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₹10.7 L/yr - ₹13.7 L/yr
6 years (AmbitionBox Estimate)

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₹10.6 L/yr - ₹13.6 L/yr

Similar Designation salaries in State Bank of India

Chief Manager Salary
(112 salaries)
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₹16.14 L/yr - ₹60 L/yr
Deputy Manager Salary
(95 salaries)
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₹7.15 L/yr - ₹28 L/yr
Branch Manager Salary
(35 salaries)
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₹12 L/yr - ₹37 L/yr
Credit Analyst Salary
(25 salaries)
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₹10.25 L/yr - ₹30 L/yr
Credit Manager Salary
(6 salaries)
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₹12 L/yr - ₹27 L/yr

Salary related reviews for State Bank of India

Customer Success, Service & Operations Department

1.0
  •  posted on 02 Jun 2022

4.0
 for  Salary and Benefits

Likes

We all know that sbi is a government job.so full job security with handsome salary package is available.Career growth is also good.

read more
  • Salary - Good
  • +1 more

Dislikes

More pressure on of third party products sales like general insurance and life insurance and holiday working. You will get less family time.rural posting will affect your children education.pressurable job.

read more
  • Skill development - Poor
  • +3 more

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 20 Mar 2025

4.0
 for  Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

read more
  • Salary - Good
  • +4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

read more
  • Work-life balance - Bad

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 19 Jan 2025

1.0
 for  Salary and Benefits

Likes

Fixed salary

  • Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 15 Nov 2024

4.0
 for  Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

  • Salary - Good
  • +1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

read more
  • Skill development - Bad
  • +3 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 18 Sep 2024

4.0
 for  Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

read more
  • Salary - Good
  • +2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

read more
  • Company culture - Poor
  • +1 more
see more salary related reviews

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State Bank of India Credit Officer Salary FAQs

What is the salary of Credit Officer at State Bank of India in Mumbai?
The average salary of a Credit Officer at State Bank of India in Mumbai typically ranges from ₹8.0 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Credit Officer in Mumbai at State Bank of India earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Credit Officer Salaries at State Bank of India 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 State Bank of India employees in India.
What is the estimated take home salary of a Credit Officer at State Bank of India in Mumbai?
The estimated take-home salary of a Credit Officer at State Bank of India in Mumbai typically ranges from ₹84,520 to ₹86,731 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 4 years 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 4 salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than State Bank of India for Credit Officer in India?
Indian Overseas Bank ₹14.5 Lakhs to ₹18.0 Lakhs per year
Bank of Baroda ₹8.0 Lakhs to ₹15.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by State Bank of India, depending on the role and experience level.
What is the salary of a Credit Officer in companies similar to State Bank of India in Mumbai?
The salary of a Credit Officer at companies similar to State Bank of India in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Union Bank of India ₹8.8 Lakhs to ₹10.7 Lakhs per year
Bank of India ₹8.0 Lakhs to ₹13.5 Lakhs per year
Deutsche Bank ₹4.6 Lakhs to ₹10.4 Lakhs per year
Axis Bank ₹2.5 Lakhs to ₹5.0 Lakhs per year
ICICI Bank ₹2.5 Lakhs to ₹4.5 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 Credit Officer at State Bank of India in Mumbai?
The salary growth for a Credit Officer at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Officer in Mumbai can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
4 years ₹10.8 Lakhs to ₹13.8 Lakhs per year
5 years ₹10.7 Lakhs to ₹13.7 Lakhs per year
6 years ₹10.6 Lakhs to ₹13.6 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India Credit Officer salary in Mumbai ranges between ₹8 Lakhs to ₹17 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.