Bank of Maharashtra Recovery Officer Salaries by Employees (Updated 2025)

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₹2.7 Lakhs - ₹3.5 Lakhs

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Last Updated: 5 Jan 2024

Companies similar to Bank of Maharashtra for Recovery Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Recovery Officer Salary 1 - 8 years exp. (14 salaries)	₹1.5 L/yr - ₹3.4 L/yr 23% less
HDFC Bank Recovery Officer Salary 0 - 7 years exp. (32 salaries)	₹1.2 L/yr - ₹4.5 L/yr 8% less
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Axis Bank Recovery Officer Salary 1 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹2.5 L/yr 23% less
Punjab National Bank Recovery Officer Salary 3 - 11 years exp. (4 salaries)	₹1.6 L/yr - ₹5 L/yr 18% more
Kotak Mahindra Bank Recovery Officer Salary 0 - 5 years exp. (13 salaries)	₹1.7 L/yr - ₹2.7 L/yr 26% less
Bank of Baroda Recovery Officer Salary 0 - 3 years exp. (4 salaries)	₹1 L/yr - ₹2.4 L/yr 44% less
IndusInd Bank Recovery Officer Salary 1 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹2.5 L/yr 33% less
Jana Small Finance Bank Recovery Officer Salary 0 - 6 years exp. (48 salaries)	₹1.4 L/yr - ₹4 L/yr 23% less
Equitas Small Finance Bank Recovery Officer Salary 1 - 11 years exp. (15 salaries)	₹1.7 L/yr - ₹3.8 L/yr 13% less
IDFC FIRST Bank Recovery Officer Salary 1 - 4 years exp. (8 salaries)	₹2 L/yr - ₹3 L/yr 24% less
AU Small Finance Bank Recovery Officer Salary 2 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹2.4 L/yr 26% less
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Ujjivan Small Finance Bank Recovery Officer Salary 2 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹3 L/yr 11% less
Indian Bank Recovery Officer Salary 0 - 5 years exp. (4 salaries)	₹1 L/yr - ₹4 L/yr 19% less
IDBI Bank Recovery Officer Salary 10 - 14 years exp. (3 salaries)	₹14 L/yr - ₹19 L/yr 465% more
Central Bank of India Recovery Officer Salary 1 - 5 years exp. (3 salaries)	₹2.4 L/yr - ₹5 L/yr 26% more

Recovery Officer salary at Bank of Maharashtra ranges between ₹2.7 Lakhs to ₹3.5 Lakhs per year for employees with 6 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Bank of Maharashtra.

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Salary related reviews for Bank of Maharashtra

4.0

Rated by 1 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

Salary - Good

+1 more

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.

Skill development - Poor

+4 more

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.

Job security - Good

+2 more

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.

Salary - Poor

+2 more

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.

Job security - Good

+1 more

Dislikes

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

Salary - Bad

+4 more

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

Salary - Good

+2 more

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.

Skill development - Bad

+3 more

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.

Job security - Good

+1 more

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.

Skill development - Poor

+3 more

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2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Bank of Maharashtra Recovery Officer Salary FAQs

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

According to AmbitionBox, 100% of the Bank of Maharashtra Recovery Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Bank of Maharashtra Recovery Officer Salaries

Bank of Maharashtra Recovery Officer salary in India ranges between ₹2.7 Lakhs to ₹3.5 Lakhs. This is an estimate based on latest salaries received from employees of Bank of Maharashtra.