Recovery Manager
Annual salary range
₹2 Lakhs - ₹10 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byRecovery Manager Salary in India (Updated 2025)
based on 610
latest salaries
• updated:
20 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Recovery Manager Salary in India ranges between ₹2 Lakhs to ₹10 Lakhs for 2 years of experience to 16 years of experience. Salary estimates are based on 610 latest salaries received from Recovery Manager.
Explore on this page
Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
IDFC FIRST Bank Recovery Manager Salary
4 years exp |  | |
Kotak Mahindra Bank Recovery Manager Salary
4 years exp | | |
 Recovery Manager Salary
4 years exp | | |
Is this list helpful? | ||
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
|
1 -
10
yrs
exp.
(65 salaries)
|
₹4 L/yr - ₹10 L/yr | |
|
4 -
14
yrs
exp.
(28 salaries)
|
₹2 L/yr - ₹6 L/yr | |
Login to view exact salary
| ||
|
1 -
14
yrs
exp.
(23 salaries)
|
₹1.8 L/yr - ₹8.4 L/yr | |
5 -
18
yrs
exp.
(17 salaries)
|
₹3.5 L/yr - ₹13.5 L/yr | |
0 -
13
yrs
exp.
(15 salaries)
|
₹2.5 L/yr - ₹5.2 L/yr | |
0 -
13
yrs
exp.
(12 salaries)
|
₹2.5 L/yr - ₹6.4 L/yr | |
0 -
12
yrs
exp.
(11 salaries)
|
₹3.3 L/yr - ₹11 L/yr | |
4 -
10
yrs
exp.
(11 salaries)
|
₹2.8 L/yr - ₹4.3 L/yr | |
Login to view exact salary
| ||
2 -
10
yrs
exp.
(10 salaries)
|
₹3 L/yr - ₹6 L/yr | |
3 -
9
yrs
exp.
(10 salaries)
|
₹2.5 L/yr - ₹5 L/yr | |
Latest annual salaries shared by Recovery Managers
5d ago
Hero FinCorp
Recovery Manager
4 years exp.
6d ago
Care Health Insurance
Recovery Manager
10 years exp.
6d ago
HDFC Bank
Recovery Manager
7 years exp.
1w ago
India Shelter Finance Corporation
Recovery Manager
6 years exp.
1w ago
Can Fin Homes
Recovery Manager
8 years exp.
1w ago
TCS
Recovery Manager
8 years exp.
1w ago
PNB Housing Finance
Recovery Manager
5 years exp.
1w ago
Yes Bank
Recovery Manager
15 years exp.
2w ago
Finnable
Recovery Manager
9 years exp.
3w ago
Finvent Finance
Recovery Manager
15 years exp.
View all latest salaries
Recovery Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
2
years
(50
salaries)
| ₹0.2 L/yr - ₹8 L/yr |
3
years
(50
salaries)
| ₹2 L/yr - ₹7 L/yr |
Login to view exact salary
| |
4
years
(63
salaries)
| ₹2 L/yr - ₹6.7 L/yr |
5
years
(76
salaries)
| ₹1.8 L/yr - ₹8.8 L/yr |
6
years
(65
salaries)
| ₹1.6 L/yr - ₹7.5 L/yr |
View all salaries by experience
Recovery Manager Jobs in India
Recovery Manager
· 3-5 years
Prop Solution 4U Pvt Ltd
Tiruchirappalli
Recovery Manager
· 2-7 years
Clix Capital Services
Pune
Recovery Manager
· 4-8 years
Vakilsearch
₹10
L/yr
- ₹20
L/yr
Chennai
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| Similar Designation | Avg. annual salary |
|---|---|
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exp.
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| ₹3.5 L/yr - ₹18 L/yr |
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6 -
20
years
exp.
(1.7L salaries)
| ₹7 L/yr - ₹40.6 L/yr |
Login to view exact salary
| |
Deputy Manager Salary
3 -
15
years
exp.
(2.2L salaries)
| ₹4 L/yr - ₹18 L/yr |
Debt Manager Salary
1 -
10
years
exp.
(639 salaries)
| ₹3.6 L/yr - ₹9.5 L/yr |
Area Debt Manager Salary
6 -
15
years
exp.
(255 salaries)
| ₹5.8 L/yr - ₹16.8 L/yr |
View more similar designations
Salary related reviews by similar designations like Recovery Manager
IDFC FIRST Bank
Deputy Manager
• posted on 02 Feb 2025
HDFC Bank
Collections Manager
• posted on 27 Jan 2025
Likes
good learning and development opportunities, strong reputation in the banking industry, competitive salary and incentives, job security, and a culture that encourages professional growth
read more- Salary - Excellent
+6 more
Dislikes
intense work pressure, poor work-life balance, long working hours, excessive sales targets, lack of career progression, inconsistent management practices, and a sometimes toxic work culture;
read moreKotak Mahindra Bank
Deputy Manager
• posted on 18 Jan 2025
Likes
It's the best company for stability, Learning, Growth, increase your value in the market.
- Salary - Excellent
+6 more
Dislikes
Salary competitive less as per Market otherwise wonderful
Piramal Capital Housing Finance
Deputy Manager
• posted on 25 May 2022
Likes
Great Company for good corporate exposure and Skill enhancement as a professional
- Salary - Good
+6 more
Dislikes
Some more monetary compensation to employees
Shriram Finance
Branch Manager
• posted on 26 May 2022
Likes
Company policy
- Salary - Excellent
+5 more
Dislikes
Management doesn't address our issues, salary very low, career growth very very slow, very important thing local people's working experience.
read moreTop skills for Recovery Manager
Recovery Manager Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Recovery Manager
2 -
15
years
exp.
| ₹2.4 L/yr - ₹12 L/yr |
New Delhi
Recovery Manager
2 -
16
years
exp.
| ₹0.7 L/yr - ₹10.2 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Recovery Manager
2 -
15
years
exp.
| ₹3 L/yr - ₹20.3 L/yr |
Hyderabad / Secunderabad
Recovery Manager
2 -
15
years
exp.
| ₹2.8 L/yr - ₹8.6 L/yr |
Pune
Recovery Manager
2 -
16
years
exp.
| ₹2.4 L/yr - ₹9 L/yr |
View More
Recovery Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Recovery Manager
2 -
16
years
exp.
| ₹2.1 L/yr - ₹10 L/yr |
Banking Recovery Manager
2 -
16
years
exp.
| ₹2.7 L/yr - ₹10 L/yr |
Login to view exact salary
| |
NBFC Recovery Manager
2 -
16
years
exp.
| ₹2.2 L/yr - ₹8.5 L/yr |
Internet Recovery Manager
2 -
15
years
exp.
| ₹1.6 L/yr - ₹10.6 L/yr |
FinTech Recovery Manager
2 -
15
years
exp.
| ₹2.3 L/yr - ₹7.5 L/yr |
View More
Frequently Asked Questions (FAQS) about Recovery Manager Salaries
What is the salary of a Recovery Manager in India?
The salary of a Recovery Manager in India varies based on experience, location, company & Industry.
On average, Recovery Manager salaries ranges from ₹2.0 Lakhs to ₹10.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.0 Lakhs to ₹10.0 Lakhs per year, with the highest salary reaching ₹5.2 Lakhs to ₹7.7 Lakhs per year. Salary estimates are based on 610 salaries received from various Recovery Managers across industries.
The average starting salary is around ₹2.0 Lakhs to ₹10.0 Lakhs per year, with the highest salary reaching ₹5.2 Lakhs to ₹7.7 Lakhs per year. Salary estimates are based on 610 salaries received from various Recovery Managers across industries.
What are the top paying companies that employ Recovery Managers?
Recovery Manager Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| IDFC FIRST Bank Recovery Manager Salary | ₹5.2 Lakhs to ₹7.7 Lakhs per year |
| Kotak Mahindra Bank Recovery Manager Salary | ₹2.4 Lakhs to ₹7.4 Lakhs per year |
| Shriram Finance Recovery Manager Salary | ₹2.2 Lakhs to ₹5 Lakhs per year |
What are the top paying cities for Recovery Manager in India?
The annual salary for Recovery Manager in India varies by location. Top paying cities for Recovery Manager are
Salary expectations for Recovery Manager may vary based on job roles, experience, and specific employer requirements.
| Recovery Manager Salary in Mumbai | ₹2.4 Lakhs to ₹12.0 Lakhs per year |
| Recovery Manager Salary in New Delhi | ₹0.7 Lakhs to ₹10.2 Lakhs per year |
| Recovery Manager Salary in Bangalore / Bengaluru | ₹3.0 Lakhs to ₹20.3 Lakhs per year |
| Recovery Manager Salary in Hyderabad / Secunderabad | ₹2.8 Lakhs to ₹8.6 Lakhs per year |
| Recovery Manager Salary in Pune | ₹2.4 Lakhs to ₹9.0 Lakhs per year |
What are the top paying industries for Recovery Manager in India?
Top 5 paying Industries for Recovery Manager in India are:
| Recovery Manager Salary in Financial Services | ₹2.1 Lakhs to ₹10.0 Lakhs per year |
| Recovery Manager Salary in Banking | ₹2.7 Lakhs to ₹10.0 Lakhs per year |
| Recovery Manager Salary in NBFC | ₹2.2 Lakhs to ₹8.5 Lakhs per year |
| Recovery Manager Salary in Internet | ₹1.6 Lakhs to ₹10.6 Lakhs per year |
| Recovery Manager Salary in FinTech | ₹2.3 Lakhs to ₹7.5 Lakhs per year |
How does experience affect salaries of a Recovery Manager in India?
Experience significantly impacts a Recovery Manager salary in India. Salaries increase with experience, as Recovery Manager take on more complex tasks, responsibilities, and leadership roles.
Recovery Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹0.2 Lakhs to ₹8.0 Lakhs per year |
| 3 years | ₹2.0 Lakhs to ₹7.0 Lakhs per year |
| 4 years | ₹2.0 Lakhs to ₹6.7 Lakhs per year |
| 5 years | ₹1.8 Lakhs to ₹8.8 Lakhs per year |
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