Tamilnad Mercantile Bank Chennai Credit Officer Salaries by 3 Employees (Updated 2025)

9 - 10 years exp.

₹7.5 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

133% more than the average Credit Officer Salary in Banking Companies for 9 - 10 years of experience

Interested in this particular role?

Last Updated: 25 Dec 2024

Companies similar to Tamilnad Mercantile Bank for Credit Officer in Chennai

Tamilnad Mercantile Bank Credit Officer Salary

9 - 10 years exp. (3 salaries)

₹7.5 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Karur Vysya Bank Credit Officer Salary 8 - 11 years exp. (4 salaries)	₹7.5 L/yr - ₹12.1 L/yr 16% more
City Union Bank Credit Officer Salary 5 - 9 years exp. (4 salaries)	₹6.6 L/yr - ₹8.3 L/yr 19% less
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Karnataka Bank Credit Officer Salary 5 - 8 years exp. (3 salaries)	₹7 L/yr - ₹8 L/yr 11% less
RBL Bank Credit Officer Salary 1 - 7 years exp. (13 salaries)	₹1.4 L/yr - ₹4 L/yr 72% less
Yes Bank Credit Officer Salary 2 - 10 years exp. (5 salaries)	₹2 L/yr - ₹3.5 L/yr 68% less
Mizuho Bank Credit Officer Salary 4 - 6 years exp. (3 salaries)	₹7.1 L/yr - ₹8 L/yr 16% less
Standard Chartered Credit Officer Salary 1 - 3 years exp. (3 salaries)	₹3 L/yr - ₹3.4 L/yr 66% less
Suryoday Small Finance Bank Credit Officer Salary 1 - 2 years exp. (3 salaries)	₹2.4 L/yr - ₹2.6 L/yr 73% less

Credit Officer salary at Tamilnad Mercantile Bank ranges between ₹7.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 9 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Tamilnad Mercantile Bank.

Experience wise Tamilnad Mercantile Bank Credit Officer salaries in Chennai

Last Updated: 25 Dec 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
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10 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

Similar Designation salaries in Tamilnad Mercantile Bank

Bank Clerk Salary

(12 salaries)

₹3.1 L/yr - ₹7 L/yr

Branch Head Salary

(12 salaries)

₹7.05 L/yr - ₹15 L/yr

Salary related reviews for Tamilnad Mercantile Bank

5.0

Rated by 1 employees for salary & benefits

Credit Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jul 2024

5.0

for Salary and Benefits

Likes

For only salary to live...no work life balance...providing torture 24 *7

Salary - Excellent

Dislikes

...d torture the staffs...employee should do the desk work and also do marketing...executives asking why should u receive salary after got all the work from us night 10.00 pm... Average work completion time is 10.00 p.m...openly send whatsapp message to work on leave days...

Skill development - Bad

+5 more

Branch Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 22 Jan 2024

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

+2 more

Dislikes

If you want to live upto 40 years , you can join here.. sometime it will be so surprise of you live upto that age... Pathetic work culture and worst management. Hell work condition always target.Community based bank so they prefer their people over others . To be Frank it's such a useless bank where one can lose their family life. if any one going to apply in this bank ready to sacrifice your life. Even after seeing this you want to work here means hats off to you.

Skill development - Poor

+3 more

Clerk in Bangalore / Bengaluru

Full Time

Food, Beverage & Hospitality Department

1.0

• posted on 16 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to like. Dislikes only.

Job security - Good

Dislikes

...completely scam for new joining employees don't join here. 1)They are showing 6.2lpa CTC and giving only 30k/month salary. 2)You won't get increment till you become confirmed clerk. 3)you will not become confirmed clerk untill you clear JAIIB. And you won't get time for study so they are keeping everyone in probationary period only. 4) you have to stay in bank till 9:30 pm and you won't get over time allowance. 5) alternative Saturday is holiday but you have to go for marketing. 6)They will give you performance based incentive. But if you are leaving bank you have to pay back that amount along with 3 months salary. 7) no enough staffs ..each and every work you have to do. 8)My kind advice for everyone please don't join this bank.

Salary - Bad

+5 more

Assistant Manager in Chennai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 14 Sep 2023

4.0

for Salary and Benefits

Likes

Industry standard salary, job security

Salary - Good

+1 more

Dislikes

Very very long working hours, absolutely no work life balance. Favouritism, very old culture and very regressive mindset. Fresh bloods are dumped by grudgy, less knowledged seniors.

Skill development - Poor

+3 more

Senior Manager in Madurai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Aug 2023

5.0

for Salary and Benefits

Likes

Good package you will get.

Salary - Excellent

+2 more

Dislikes

No proper working culture. Always they believe leaving office late and coming during holidays to office is obedient to higher officials, they don't care you give business or not

Skill development - Bad

+3 more

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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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Tamilnad Mercantile Bank Credit Officer Salary FAQs

What is the notice period for Credit Officer at Tamilnad Mercantile Bank in Chennai?

According to AmbitionBox, 50% of the Tamilnad Mercantile Bank Credit Officers in Chennai reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Tamilnad Mercantile Bank Credit Officer Salaries in Chennai

Tamilnad Mercantile Bank Credit Officer salary in Chennai ranges between ₹7.5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Tamilnad Mercantile Bank latest salaries received from various employees of Tamilnad Mercantile Bank.