Bajaj Finance Recovery Manager Salaries by 7 Employees (Updated 2025)

1 - 8 years exp.

₹3.5 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

13% less than the average Recovery Manager Salary in NBFC Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 3 - 7 years exp. (4 salaries)	₹3.5 L/yr - ₹6.2 L/yr
Data Science & Analytics Recovery Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.6 L/yr
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BFSI, Investments & Trading Recovery Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹6 L/yr

Last Updated: 6 Jan 2025

Companies similar to Bajaj Finance for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹13 L/yr 56% more
ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 52% more
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Axis Bank Recovery Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹9 L/yr 7% more
Kotak Mahindra Bank Recovery Manager Salary 1 - 14 years exp. (25 salaries)	₹1.8 L/yr - ₹8.2 L/yr 2% less
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 17% less
Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 17% less
SMFG India Credit Recovery Manager Salary 3 - 9 years exp. (10 salaries)	₹2.5 L/yr - ₹5 L/yr 14% less
HDB Financial Services Recovery Manager Salary 4 - 14 years exp. (7 salaries)	₹4.5 L/yr - ₹6.6 L/yr 21% more
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 53% more
Kotak Mahindra Prime Recovery Manager Salary 4 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.3 L/yr 19% less
Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 56% less
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Recovery Manager salary at Bajaj Finance ranges between ₹3.5 Lakhs to ₹6.2 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Recovery Manager salaries

Last Updated: 6 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.3 L/yr - ₹8.5 L/yr
2 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹8.5 L/yr
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3 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹8.5 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.5 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6 L/yr

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Top skills at Bajaj Finance for Recovery Manager

Recovery Management Npa Management

Salary related reviews for Bajaj Finance

4.4

Rated by 7 employees for salary & benefits

Collection Officer in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

2.0

• posted on 15 Jan 2025

3.0

for Salary and Benefits

Likes

Work culture is good, salary on time

Company culture - Excellent

Dislikes

Previously Bajaj Auto finance Ltd was good after merging in to finserv it got hectic, bosses are always after you, no rest on week days after merging new managers are toxic

Skill development - Bad

+3 more

Area Collection Manager in Navi Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 20 Dec 2024

2.0

for Salary and Benefits

Likes

They hire fresher but that too because experienced don't want to work there

Dislikes

Lot of things, from work culture to gundagiri of seniors. They ask to seat in the office without reason and forced to pay by employees pocket for target achievement

Salary - Poor

+6 more

Area Collection Manager in Raipur

Full Time

Finance & Accounting Department

1.0

• posted on 13 Oct 2023

3.0

for Salary and Benefits

Likes

Only salary and expenses if you join as a manager

Dislikes

All are very bad, management team is abusing to all employees, his HR not listening any thing about the management..... i think if you want to suside then join the company No work time your job start in 6am I don't know where is ending

Skill development - Bad

+5 more

Collection Officer in Kolkata

Full Time

Other Department

1.0

• posted on 22 Sep 2023

1.0

for Salary and Benefits

Likes

Worst company if you give customer emi from your salary ur good collection officer if you can't do that ur job is not done complet in Baja finance bucket x

Dislikes

If you pay customer emi from your salary and you want some person use abuse language about ur family and if you tolerate thise you can join thise company

Salary - Bad

+6 more

Collections Manager in Kochi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 18 Sep 2022

5.0

for Salary and Benefits

Likes

Bajaj finance is a family for me , colleagues are really helpful, workstation ambiance is really wonderful , salary hikes and incentives are really good here , every year we got promotion to higher grade,and major fact about being a Bajaj finance employee is job security, if we work honest our career growth will unpredictable,

Salary - Excellent

+6 more

Dislikes

Work pressure is really huge because we are number one in finance sector in India, holidays are joke here , please don't come to work here if you are love to celebrate holidays with your family or friends! Target's are rocket here ! So you need to achieve it whatever happens 😁

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bajaj Finance Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Bajaj Finance?

Recovery Manager salary at Bajaj Finance in India ranges between ₹3.5 Lakhs to ₹6.2 Lakhs for experience between 1 years to 8 years. According to our estimates it is 13% less than the average Recovery Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Finance India.

How does the salary of a Recovery Manager at Bajaj Finance India compare with the average salary range for this job?

The average salary of a Recovery Manager at Bajaj Finance is 13% less than the average salary of a Recovery Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Recovery Manager at Bajaj Finance?

Recovery Management and Npa Management are some of the popular skills required to work as a Recovery Manager at Bajaj Finance India.

Which similar companies are paying more than Bajaj Finance to a Recovery Manager in India?

HDFC Bank Recovery Manager Salary - ₹3.5 Lakhs to ₹13.0 Lakhs per year
Manappuram Finance Recovery Manager Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year
ICICI Bank Recovery Manager Salary - ₹5.5 Lakhs to ₹9.0 Lakhs per year
HDB Financial Services Recovery Manager Salary - ₹4.5 Lakhs to ₹6.6 Lakhs per year
Axis Bank Recovery Manager Salary - ₹3.6 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Recovery Manager in companies similar to Bajaj Finance in India?

Kotak Mahindra Bank Recovery Manager Salary - ₹1.8 Lakhs to ₹8.2 Lakhs per year
SMFG India Credit Recovery Manager Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
Mahindra Finance Recovery Manager Salary - ₹3.1 Lakhs to ₹4.5 Lakhs per year
Shriram Finance Recovery Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindra Prime Recovery Manager Salary - ₹3.6 Lakhs to ₹4.3 Lakhs per year

What is the estimated take home salary of a Recovery Manager at Bajaj Finance in India?

The estimated take-home salary of a Recovery Manager at Bajaj Finance ranges between ₹35,165 per month to ₹36,403 per month in India. The take-home salary calculation is based on the average Bajaj Finance Recovery Manager salary in India which ranges between ₹3.5 Lakhs to ₹6.2 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Recovery Manager at Bajaj Finance?

According to AmbitionBox, 40% of the Bajaj Finance Recovery Managers reported a notice period of 1 Month, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Bajaj Finance Recovery Manager Salaries

Bajaj Finance Recovery Manager salary in India ranges between ₹3.5 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bajaj Finance latest salaries received from various employees of Bajaj Finance.