Axis Bank Recovery Manager Salaries by 4 Employees

5 - 6 years exp.

₹3.6 Lakhs - ₹9 Lakhs

Low Confidence

Salary of majority employees

7% less than the average Recovery Manager Salary in Banking Companies for 5 - 6 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Recovery Manager Salary 5 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹9.9 L/yr
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Finance & Accounting Recovery Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Last Updated: 10 Dec 2023

Companies similar to Axis Bank for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Recovery Manager Salary 1 - 10 years exp. (65 salaries)	₹4 L/yr - ₹10 L/yr 53% more
Kotak Mahindra Bank Recovery Manager Salary 1 - 14 years exp. (23 salaries)	₹1.8 L/yr - ₹8.4 L/yr 6% less
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HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹13.5 L/yr 50% more
RBL Bank Recovery Manager Salary 0 - 12 years exp. (11 salaries)	₹3.3 L/yr - ₹11 L/yr 21% more
ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 43% more
Bandhan Bank Recovery Manager Salary 1 - 14 years exp. (4 salaries)	₹1.8 L/yr - ₹6 L/yr 24% less
IndusInd Bank Recovery Manager Salary 13 - 17 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 86% more	1 job opening

Recovery Manager salary at Axis Bank ranges between ₹3.6 Lakhs to ₹9 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Axis Bank.

Experience wise Axis Bank Recovery Manager salaries

Last Updated: 10 Dec 2023

Experience	Avg Annual Salary
5 years (3 salaries)	₹3.6 L/yr - ₹9 L/yr
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6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.6 L/yr

From

Recovery Manager

5 - 6 years exp.

Collections Manager

4 - 14 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Salary related reviews for Axis Bank

1.1

Rated by 3 employees for salary & benefits

Deputy Manager in Bangalore / Bengaluru (working remotely)

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

Skill development compared to other bank axis provide good learnings

Job security - Good

Dislikes

Axis gives less salary compared to other bank and also high work pressure and high pressure to cross sell and make employees to run behind the customer and its make Customer to get irritated

Work satisfaction - Poor

+2 more

Deputy Manager in Lucknow

Full Time

Legal & Regulatory Department

2.0

• posted on 11 Dec 2024

1.0

for Salary and Benefits

Likes

The team is good and if you want to learn on your own

Job security - Excellent

Dislikes

Location placement is not good Culture is not good as well Salary is the worst as compared to other national banks Overall learning is not that great No training facilities

Salary - Bad

+3 more

Deputy Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 21 Nov 2024

5.0

for Salary and Benefits

Likes

Salary on time. Descent salary package they provide compare to other companies.

Salary - Excellent

Dislikes

No work life balance. Unlimited pressure on tpp products. Huge mental pressure. Worst work culture. Huge partiality within employees. No team work.

Work satisfaction - Poor

+2 more

Deputy Manager in Noida

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 02 Nov 2024

2.0

for Salary and Benefits

Likes

Job certainty, less pressure of work as compared to other bank.

Job security - Good

Dislikes

Out dated Process of work, no training for new joiners, less salary package as compared to other company, lack of communication before application of new process, no leave encashment

Salary - Poor

+3 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 05 Oct 2024

1.0

for Salary and Benefits

Likes

...entally disturbed and getting panic attacks at work. Very in human work culture. They will tell you the salary is 40k in-hand and pay you 28k, when you go back to discuss they simply put up some reason ok deductions that was never informed on the first place.

Dislikes

Do not work here unless you want to be dragged around like an animal . I not only speak for myself but everyone that I know there. Only working in such a toxic environment to make some money for bread. And how they treat you is by throwing bread crumbs on the floor. They are the best manipulaters. Even if you are on death bed, they would want you to report to work.

Salary - Bad

+6 more

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Axis Bank Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Axis Bank ?

The average salary of a Recovery Manager at Axis Bank in India typically ranges from ₹3.6 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 5 years to 6 years).

The top 10% of Recovery Manager at Axis Bank earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Recovery Manager Salaries at Axis Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Axis Bank employees in India.

What is the estimated take home salary of a Recovery Manager at Axis Bank in India?

The estimated take-home salary of a Recovery Manager at Axis Bank in India typically ranges from ₹37,679 to ₹38,878 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 5 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Axis Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Axis Bank for Recovery Manager in India?

IndusInd Bank	₹8.5 Lakhs to ₹11.0 Lakhs per year
IDFC FIRST Bank	₹4.0 Lakhs to ₹10.0 Lakhs per year
HDFC Bank	₹3.5 Lakhs to ₹13.5 Lakhs per year
ICICI Bank	₹5.5 Lakhs to ₹9.0 Lakhs per year
RBL Bank	₹3.3 Lakhs to ₹11.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Bank, depending on the role and experience level.

What is the salary of a Recovery Manager in companies similar to Axis Bank in India?

The salary of a Recovery Manager at companies similar to Axis Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Bank	₹1.8 Lakhs to ₹8.4 Lakhs per year
Bandhan Bank	₹1.8 Lakhs to ₹6.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Recovery Manager at Axis Bank in India?

The salary growth for a Recovery Manager at Axis Bank depends on factors such as experience, performance, and promotions. On average, a Recovery Manager can expect the following growth trajectory at Axis Bank:

Experience	Average Salary Range
5 years	₹3.6 Lakhs to ₹9.0 Lakhs per year
6 years	₹3.7 Lakhs to ₹9.6 Lakhs per year

and so on.

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Axis Bank Recovery Manager Salaries

Axis Bank Recovery Manager salary in India ranges between ₹3.6 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Axis Bank latest salaries received from various employees of Axis Bank.