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Credit salaries in India, by role and lender

Compare pay for credit managers, officers, analysts and executives across lenders, from entries by credit professionals, with public sector pay scales alongside.

SalariesFor credit professionals

Short answerPublic sector bank officers are paid on published scales. Monthly basic pay runs from ₹48,480 at Scale I to ₹1,73,860 at the top of Scale VII, before allowances. Private banks and NBFCs publish no scales, so the figures for them come from readers, shown only once enough entries match.

Public sector banksOfficer pay in hand, worked outEvery scale, year and city, from the IBA settlement. DA at today's rate.Offer evaluatorWhat does a CTC pay in hand?After PF, gratuity, variable and tax, set beside a public sector post.Survey · open nowCredit Pay Report 2027Add your pay anonymously. The report is free, and sharing unlocks the medians.

Compare salaries by role

Which lenders pay most for a credit role, from reader entries. Fixed pay a year, in lakh.

  1. No lender has five checked entries for this role yet.

Open a role for pay by experience, type of lender and city: Credit manager, Credit officer, Credit analyst, Credit executive, Credit processing associate, Senior or area credit manager, Zonal or regional credit manager, Credit head or chief risk officer.

A lender appears once five checked entries match the role. Self-reported, and not like for like: experience and city differ. Browse all 53 lenders or compare two.

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Monthly basic pay by scale, entry to top

  1. Scale IJMGS I₹48,480 to ₹85,920
  2. Scale IIMMGS II₹64,820 to ₹93,960
  3. Scale IIIMMGS III₹85,920 to ₹1,05,280
  4. Scale IV₹1,02,300 to ₹1,20,940
  5. Scale V₹1,20,940 to ₹1,35,020
  6. Scale VI₹1,40,500 to ₹1,56,500
  7. Scale VII₹1,56,500 to ₹1,73,860

Basic pay at a stage

Monthly basic

₹48,480

About ₹5,81,760 a year in basic pay alone

What these numbers leave out

  • This is basic pay. Allowances and benefits are added on top, and they differ by bank and by city.
  • The table is Central Bank of India's. Other public sector banks work from the same kind of industry settlement, but check your bank's own notice for its figures.
  • Private banks, small finance banks and NBFCs do not publish scales. Their pay is not shown here until readers supply it.
  • Which scale a credit role sits in depends on the bank. Bank of India titled one recruitment project "Recruitment of Credit Officers in MMGS Scale II & III".

How to read a scale

A scale is written as a start, then steps. "₹48,480, then 7 steps of ₹2,000" means seven yearly increments of ₹2,000 after entry, and the scale goes on in the next band the same way. A bank moves an officer up a stage each year, and to the next scale on promotion. Promotion rules are the bank's.

  • Scale I: ₹48,480, 7 steps of ₹2,000, 2 steps of ₹2,340, 7 steps of ₹2,680 to ₹85,920.
  • Scale II: ₹64,820, 1 step of ₹2,340, 10 steps of ₹2,680 to ₹93,960.
  • Scale III: ₹85,920, 5 steps of ₹2,680, 2 steps of ₹2,980 to ₹1,05,280.
  • Scale IV: ₹1,02,300, 4 steps of ₹2,980, 2 steps of ₹3,360 to ₹1,20,940.
  • Scale V: ₹1,20,940, 2 steps of ₹3,360, 2 steps of ₹3,680 to ₹1,35,020.
  • Scale VI: ₹1,40,500, 4 steps of ₹4,000 to ₹1,56,500.
  • Scale VII: ₹1,56,500, 4 steps of ₹4,340 to ₹1,73,860.
Pay by lender

Credit salaries at named banks, NBFCs and housing finance companies, from readers, once five entries match.

Browse 53 lenders

From readers: fixed pay a year, in lakh

Figures appear here once at least five checked entries share the same role and type of lender. No group has reached five yet.

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Sources

  1. Central Bank of India, officers' scales of pay, centralbank.bank.in, read 2026-11-06
  2. Bank of India, Recruitment of Credit Officers in MMGS Scale II & III, Project 2023-24, ibpsonline.ibps.in, read 2026-11-06 (the page may not open in every browser)