Recovery Manager
Annual salary range
₹2.4 Lakhs - ₹12 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byRecovery Manager Salary in Mumbai (Updated 2025)
based on 48
latest salaries
• updated:
19 Jan 2025
Select an experience to get the exact salary
Salary of majority employees
Recovery Manager Salary in Mumbai ranges between ₹2.4 Lakhs to ₹12 Lakhs for 2 years of experience to 15 years of experience. Salary estimates are based on 48 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 |
|---|---|---|
|
3 -
10
yrs
exp.
.
Mumbai
(9 salaries)
|
₹5.2 L/yr - ₹8.7 L/yr | |
|
1 -
3
yrs
exp.
.
Mumbai
(3 salaries)
|
₹1.8 L/yr - ₹5.4 L/yr | |
Login to view exact salary
| ||
0 -
6
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3.8 L/yr - ₹4 L/yr | |
7 -
8
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹12.6 L/yr - ₹16.1 L/yr | |
15 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.6 L/yr - ₹7.1 L/yr | |
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.7 L/yr - ₹3.5 L/yr | |
8 -
10
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹4.8 L/yr - ₹6 L/yr | |
23 -
24
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹11.7 L/yr - ₹15 L/yr | |
Login to view exact salary
| ||
5 -
6
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.6 L/yr - ₹4.6 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
(3
salaries)
| ₹1.8 L/yr - ₹76.8 L/yr |
3
years
(5
salaries)
| ₹2.4 L/yr - ₹7 L/yr |
Login to view exact salary
| |
4
years
(5
salaries)
| ₹2 L/yr - ₹7 L/yr |
5
years
(8
salaries)
| ₹2.8 L/yr - ₹9.7 L/yr |
6
years
(6
salaries)
| ₹2.3 L/yr - ₹7 L/yr |
View all salaries by experience
Recovery Manager Jobs in Mumbai
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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|---|---|
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| ₹4 L/yr - ₹19 L/yr |
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| ₹8 L/yr - ₹36 L/yr |
Login to view exact salary
| |
Deputy Manager Salary
3 -
15
years
exp.
(31.3k salaries)
| ₹3.7 L/yr - ₹16.5 L/yr |
Area Debt Manager Salary
7 -
15
years
exp.
(9 salaries)
| ₹7.1 L/yr - ₹15.9 L/yr |
Debt Manager Salary
1 -
10
years
exp.
(61 salaries)
| ₹4 L/yr - ₹10 L/yr |
View more similar designations
Salary related reviews by similar designations like Recovery Manager
HDFC Bank
Deputy Manager in Chennai
• posted on 04 Dec 2024
Likes
All are good job security, work life balance, Job satisfaction, Skills and knowledge development, these are all is good
- Salary - Good
+6 more
Dislikes
Salary is not good. This company is a few things restricted to incentive and bonus and employee service not good. I am not satisfaction. These are all not good
read moreIDFC FIRST Bank
Deputy Manager in Mumbai
• posted on 02 Feb 2025
Kotak Mahindra Bank
Deputy Manager in Mumbai
• 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
Manager in Mumbai
• posted on 28 Jul 2018
Likes
...re is pretty open, and people are ready to share their views or clear doubts...the initial package that an employee gets before getting into the company is good , there after , stagnation might not be uncommon..people get Bangkok trips in June July every year, and picnics are organised too every 2nd year. All in all , a good place to work those who are looking to retire off from this company and manage to live. Arelatively less stressful life viz other companies in similar segment..
read more- Salary - Good
+4 more
Dislikes
Politics is there ,ethics take a backseat at times..but it's not a point to think over because it's common amongst many other companies so if employee knows how to manage such politics and ethical issues the employee is all set to enjoy the company and the corporate life.
read moreShriram Finance
Deputy Manager in Nagpur
• posted on 23 Jul 2023
Likes
Best Working culture, seniors very supportive, friendly, lots of learning, we get a chance to explore ourself, lots of opportunities for learning new things. Equal treatment. Treating as one family.
read more- Salary - Good
+6 more
Dislikes
...nough per year but salary increment is poor. it does not meet our requirements . Salary hike very low.
read moreTop skills for Recovery Manager
Recovery Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Recovery Manager
2 -
16
years
exp.
| ₹0.7 L/yr - ₹10.2 L/yr |
Bangalore / Bengaluru
Recovery Manager
2 -
15
years
exp.
| ₹3 L/yr - ₹20.3 L/yr |
Login to view exact salary
| |
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 |
Kolkata
Recovery Manager
3 -
15
years
exp.
| ₹3.9 L/yr - ₹8 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 ₹2.4 Lakhs to ₹12.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.4 Lakhs to ₹12.0 Lakhs per year, with the highest salary reaching ₹5.2 Lakhs to ₹7.7 Lakhs per year. Salary estimates are based on 48 salaries received from various Recovery Managers across industries.
The average starting salary is around ₹2.4 Lakhs to ₹12.0 Lakhs per year, with the highest salary reaching ₹5.2 Lakhs to ₹7.7 Lakhs per year. Salary estimates are based on 48 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 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 |
| Recovery Manager Salary in Kolkata | ₹3.9 Lakhs to ₹8.0 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 | ₹1.8 Lakhs to ₹76.8 Lakhs per year |
| 3 years | ₹2.4 Lakhs to ₹7.0 Lakhs per year |
| 4 years | ₹2.0 Lakhs to ₹7.0 Lakhs per year |
| 5 years | ₹2.8 Lakhs to ₹9.7 Lakhs per year |
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