Bank of Maharashtra Pune 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 in Pune

Bank of Maharashtra Recovery Officer Salary

6 years exp. (AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Recovery Officer Salary 2 - 8 years exp. (8 salaries)	₹1.6 L/yr - ₹3.3 L/yr 9% less
Cholamandalam Investment & Finance Recovery Officer Salary 1 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹2.5 L/yr 26% less
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Planedge Consultants Recovery Officer Salary 6 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6 L/yr 82% more
Bajaj Finserv Recovery Officer Salary 2 - 4 years exp. (3 salaries)	₹1.4 L/yr - ₹3 L/yr 21% less
Dhani Loans and Services Recovery Officer Salary 1 - 6 years exp. (3 salaries)	₹2 L/yr - ₹3 L/yr 19% less

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.

Similar Designation salaries in Bank of Maharashtra

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₹8 L/yr - ₹20 L/yr

Salary related reviews for Bank of Maharashtra

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 senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Bank of Maharashtra Recovery Officer Salary FAQs

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

According to AmbitionBox, 100% of the Bank of Maharashtra Recovery Officers in Pune 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 in Pune

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