Bank of Maharashtra Recovery Agent Salaries by 4 Employees (Updated 2024)

3 - 8 years exp.

₹3 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

45% more than the average Recovery Agent Salary in Banking Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Recovery Agent Salary 8 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr
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Marketing & Communication Recovery Agent Salary 8 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 17 Mar 2023

Companies similar to Bank of Maharashtra for Recovery Agent

Company name	Avg Annual Salary	Open Jobs
State Bank of India Recovery Agent Salary 0 - 6 years exp. (13 salaries)	₹0.2 L/yr - ₹3.5 L/yr 50% less
ICICI Bank Recovery Agent Salary 0 - 4 years exp. (8 salaries)	₹1.8 L/yr - ₹5 L/yr 24% less
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HDFC Bank Recovery Agent Salary 0 - 5 years exp. (29 salaries)	₹1.2 L/yr - ₹3.5 L/yr 28% less
Axis Bank Recovery Agent Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.2 L/yr 43% less
Punjab National Bank Recovery Agent Salary 1 - 3 years exp. (6 salaries)	₹1.5 L/yr - ₹3.6 L/yr 34% less
Kotak Mahindra Bank Recovery Agent Salary 1 - 3 years exp. (6 salaries)	₹1.2 L/yr - ₹2.5 L/yr 36% less
Canara Bank Recovery Agent Salary 0 - 10 years exp. (3 salaries)	₹2 L/yr - ₹5.5 L/yr 4% less
IndusInd Bank Recovery Agent Salary 0 - 6 years exp. (11 salaries)	₹1.4 L/yr - ₹3 L/yr 38% less
IDFC FIRST Bank Recovery Agent Salary 1 - 5 years exp. (8 salaries)	₹0.5 L/yr - ₹3.7 L/yr 33% less
Indian Bank Recovery Agent Salary 4 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹3 L/yr 26% less
Jana Small Finance Bank Recovery Agent Salary Fresher (3 salaries)	₹2.8 L/yr - ₹4.5 L/yr 26% more
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Recovery Agent salary at Bank of Maharashtra ranges between ₹3 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Recovery Agent salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
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5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr

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Similar Designation salaries in Bank of Maharashtra

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Team Lead Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Deputy Manager Salary

(83 salaries)

₹5 L/yr - ₹12.2 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Branch Manager Salary

(71 salaries)

₹8 L/yr - ₹21 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Collection Officer Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Salary related reviews for Bank of Maharashtra

3.9

Rated by 2 employees for salary & benefits

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Bank of Maharashtra Recovery Agent Salary FAQs

What is the salary of Recovery Agent at Bank of Maharashtra?

Recovery Agent salary at Bank of Maharashtra in India ranges between ₹3.0 Lakhs to ₹4.0 Lakhs for experience between 3 years to 8 years. According to our estimates it is 45% more than the average Recovery Agent Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bank of Maharashtra India.

How does the salary of a Recovery Agent at Bank of Maharashtra India compare with the average salary range for this job?

The average salary of a Recovery Agent at Bank of Maharashtra is 45% more than the average salary of a Recovery Agent in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of Maharashtra to a Recovery Agent in India?

Jana Small Finance Bank Recovery Agent Salary - ₹2.8 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Recovery Agent in companies similar to Bank of Maharashtra in India?

Canara Bank Recovery Agent Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
ICICI Bank Recovery Agent Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
Indian Bank Recovery Agent Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
HDFC Bank Recovery Agent Salary - ₹1.2 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank Recovery Agent Salary - ₹0.5 Lakhs to ₹3.7 Lakhs per year

What is the estimated take home salary of a Recovery Agent at Bank of Maharashtra in India?

The estimated take-home salary of a Recovery Agent at Bank of Maharashtra ranges between ₹26,013 per month to ₹27,436 per month in India. The take-home salary calculation is based on the average Bank of Maharashtra Recovery Agent salary in India which ranges between ₹3.0 Lakhs to ₹4.0 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Recovery Agent at Bank of Maharashtra?

According to AmbitionBox, 100% of the Bank of Maharashtra Recovery Agents reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Recovery Agent Salaries

Bank of Maharashtra Recovery Agent salary in India ranges between ₹3 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.