Recovery Officer
Annual salary range
₹0.3 Lakh - ₹5 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 Officer Salary in Mumbai (Updated 2025)
based on 119
latest salaries
• updated:
19 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Recovery Officer Salary in Mumbai ranges between ₹0.3 Lakh to ₹5 Lakhs for 1 year of experience to 8 years of experience. Salary estimates are based on 119 latest salaries received from Recovery Officer.
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 |
|---|---|---|
Bajaj Finserv Recovery Officer Salary
2 years exp |  | |
HDFC Bank Recovery Officer Salary
2 years exp | | |
 Recovery Officer Salary
2 years exp | | |
 Recovery Officer Salary
2 years exp | | |
 Recovery Officer Salary
2 years exp | | |
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
6
yrs
exp.
.
Mumbai
(9 salaries)
|
₹1.4 L/yr - ₹2.4 L/yr | |
1 -
6
yrs
exp.
.
Mumbai
(6 salaries)
|
₹2 L/yr - ₹2.5 L/yr | |
Login to view exact salary
| ||
0 -
2
yrs
exp.
.
Mumbai
(4 salaries)
|
₹1.7 L/yr - ₹2.2 L/yr | |
10 -
14
yrs
exp.
.
Mumbai
(3 salaries)
|
₹14 L/yr - ₹19 L/yr | |
2 -
4
yrs
exp.
.
Mumbai
(3 salaries)
|
₹1.7 L/yr - ₹3.6 L/yr | |
4 -
6
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3.2 L/yr - ₹4.1 L/yr | |
1 -
5
yrs
exp.
.
Mumbai
(3 salaries)
|
₹2.2 L/yr - ₹3 L/yr | |
1 -
2
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.2 L/yr - ₹1.6 L/yr | |
Login to view exact salary
| ||
0 -
2
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.9 L/yr - ₹2.5 L/yr | |
|
3 -
5
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2 L/yr - ₹4.5 L/yr | |
Latest annual salaries shared by Recovery Officers
2d ago
any company
Recovery Officer
3 years exp.
2d ago
Aeon Credit Service
Recovery Officer
4 years exp.
3d ago
Atul Kumar Singh
Recovery Officer
8 years exp.
3d ago
SBI Life Insurance Company
Recovery Officer
2 years exp.
5d ago
India Shelter Finance Corporation
Recovery Officer
3 years exp.
5d ago
Team Lease
Recovery Officer
5 years exp.
5d ago
HDB Financial Services
Recovery Officer
6 years exp.
5d ago
RBL FinServe
Recovery Officer
3 years exp.
5d ago
Hinduja Housing Finance
Recovery Officer
3 years exp.
6d ago
Sree Ram Associates
Recovery Officer
7 years exp.
View all latest salaries
Recovery Officer salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(19
salaries)
| ₹1.1 L/yr - ₹4.3 L/yr |
2
years
(18
salaries)
| ₹1.4 L/yr - ₹3.6 L/yr |
Login to view exact salary
| |
3
years
(25
salaries)
| ₹1.2 L/yr - ₹3.6 L/yr |
4
years
(19
salaries)
| ₹1.4 L/yr - ₹7.6 L/yr |
5
years
(13
salaries)
| ₹2 L/yr - ₹4.2 L/yr |
View all salaries by experience
Recovery Officer Jobs in Mumbai
Recovery Officer
· 3-5 years
Aaa Capital Services
₹2.5
L/yr
- ₹5
L/yr
Kolkata
Recovery Officer
· 3-4 years
Vivek Polyplast India
₹2.5
L/yr
- ₹3.5
L/yr
Mumbai
Recovery Officer
· 5-7 years
Sicom Limited
Mumbai
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Sales Officer Salary
1 -
10
years
exp.
(4k salaries)
| ₹1.8 L/yr - ₹6.1 L/yr |
Relationship Officer Salary
0 -
5
years
exp.
(1.3k salaries)
| ₹1.7 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
Collection Officer Salary
1 -
7
years
exp.
(644 salaries)
| ₹1.7 L/yr - ₹4 L/yr |
Senior Sales Officer Salary
2 -
12
years
exp.
(958 salaries)
| ₹2.2 L/yr - ₹11 L/yr |
Deputy Manager Salary
3 -
15
years
exp.
(31.2k salaries)
| ₹3.7 L/yr - ₹16.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Recovery Officer
HDB Financial Services
Sales Manager in Siwan
• posted on 25 Feb 2025
- Salary - Good
+1 more
Dislikes
No co-operate from any seniors. Do self each and every thing. Sales and collection. Target pressure is 100 % but support is 0%. Work starting time is 8.00am ending time not fixed.
read more- Skill development - Poor
+1 more
Bajaj Finance
Senior Sales Officer in Chennai
• posted on 27 Jan 2025
Likes
Friendly environment Timing On date salary credited
- Skill development - Excellent
+2 more
Dislikes
No leaves even government holiday will be working Low salary No promotions to girls
read more- Promotions - Bad
Bajaj Finserv
Sales Manager in Hyderabad / Secunderabad
• posted on 25 Jan 2025
Likes
Promotions,salary..............
- Salary - Good
+6 more
Dislikes
Pressure, Targets ........... ...........................,...............,
Shriram Finance
Deputy Manager in Hyderabad / Secunderabad
• posted on 09 Jan 2024
Likes
Good
- Salary - Good
+6 more
Dislikes
Less growth for female employees in salary. But if u work hard at branch level u can earn more amount in the form of incentives a part from the salary
read moreHDFC 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 moreTop skills for Recovery Officer
Recovery Officer Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Recovery Officer
1 -
8
years
exp.
| ₹0.3 L/yr - ₹4 L/yr |
Hyderabad / Secunderabad
Recovery Officer
1 -
8
years
exp.
| ₹1.8 L/yr - ₹4.3 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Recovery Officer
1 -
7
years
exp.
| ₹0.3 L/yr - ₹6.1 L/yr |
Pune
Recovery Officer
1 -
8
years
exp.
| ₹1.4 L/yr - ₹5.5 L/yr |
Chennai
Recovery Officer
1 -
7
years
exp.
| ₹1.2 L/yr - ₹3.7 L/yr |
View More
Recovery Officer Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Recovery Officer
1 -
8
years
exp.
| ₹1.5 L/yr - ₹4.3 L/yr |
NBFC Recovery Officer
1 -
8
years
exp.
| ₹1.5 L/yr - ₹4 L/yr |
Login to view exact salary
| |
Banking Recovery Officer
1 -
8
years
exp.
| ₹1.5 L/yr - ₹5 L/yr |
FinTech Recovery Officer
1 -
8
years
exp.
| ₹1.8 L/yr - ₹4 L/yr |
Banking / Insurance / Accounting Recovery Officer
1 -
6
years
exp.
| ₹1.5 L/yr - ₹4.4 L/yr |
View More
Frequently Asked Questions (FAQS) about Recovery Officer Salaries
What is the salary of a Recovery Officer in India?
The salary of a Recovery Officer in India varies based on experience, location, company & Industry.
On average, Recovery Officer salaries ranges from ₹0.3 Lakh to ₹5.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹0.3 Lakh to ₹5.0 Lakhs per year, with the highest salary reaching ₹1.4 Lakh to ₹4.0 Lakhs per year. Salary estimates are based on 119 salaries received from various Recovery Officers across industries.
The average starting salary is around ₹0.3 Lakh to ₹5.0 Lakhs per year, with the highest salary reaching ₹1.4 Lakh to ₹4.0 Lakhs per year. Salary estimates are based on 119 salaries received from various Recovery Officers across industries.
What are the top paying companies that employ Recovery Officers?
Recovery Officer Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Bajaj Finserv Recovery Officer Salary | ₹1.4 Lakhs to ₹4 Lakhs per year |
| HDFC Bank Recovery Officer Salary | ₹2 Lakhs to ₹3.5 Lakhs per year |
| Shriram Finance Recovery Officer Salary | ₹1.6 Lakhs to ₹3.6 Lakhs per year |
| Mahindra Finance Recovery Officer Salary | ₹2 Lakhs to ₹4.7 Lakhs per year |
| Bajaj Finance Recovery Officer Salary | ₹1.8 Lakhs to ₹3 Lakhs per year |
What are the top paying cities for Recovery Officer in India?
The annual salary for Recovery Officer in India varies by location. Top paying cities for Recovery Officer are
Salary expectations for Recovery Officer may vary based on job roles, experience, and specific employer requirements.
| Recovery Officer Salary in New Delhi | ₹0.3 Lakhs to ₹4.0 Lakhs per year |
| Recovery Officer Salary in Hyderabad / Secunderabad | ₹1.8 Lakhs to ₹4.3 Lakhs per year |
| Recovery Officer Salary in Bangalore / Bengaluru | ₹0.3 Lakhs to ₹6.1 Lakhs per year |
| Recovery Officer Salary in Pune | ₹1.4 Lakhs to ₹5.5 Lakhs per year |
| Recovery Officer Salary in Chennai | ₹1.2 Lakhs to ₹3.7 Lakhs per year |
What are the top paying industries for Recovery Officer in India?
Top 5 paying Industries for Recovery Officer in India are:
| Recovery Officer Salary in Financial Services | ₹1.5 Lakhs to ₹4.3 Lakhs per year |
| Recovery Officer Salary in NBFC | ₹1.5 Lakhs to ₹4.0 Lakhs per year |
| Recovery Officer Salary in Banking | ₹1.5 Lakhs to ₹5.0 Lakhs per year |
| Recovery Officer Salary in FinTech | ₹1.8 Lakhs to ₹4.0 Lakhs per year |
| Recovery Officer Salary in Banking / Insurance / Accounting | ₹1.5 Lakhs to ₹4.4 Lakhs per year |
How does experience affect salaries of a Recovery Officer in India?
Experience significantly impacts a Recovery Officer salary in India. Salaries increase with experience, as Recovery Officer take on more complex tasks, responsibilities, and leadership roles.
Recovery Officer salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹1.1 Lakhs to ₹4.3 Lakhs per year |
| 2 years | ₹1.4 Lakhs to ₹3.6 Lakhs per year |
| 3 years | ₹1.2 Lakhs to ₹3.6 Lakhs per year |
| 4 years | ₹1.4 Lakhs to ₹7.6 Lakhs per year |
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