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SMFG India Credit Collection Officer salaries in Mumbai (Updated 2025)

Annual salary range
3 - 8 years exp.
₹2 Lakhs - ₹6.2 Lakhs
Salary of majority employees
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25% more than the average Collection Officer Salary in NBFC Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Collection Officer Salary
3 - 7 years exp. (5 salaries)
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₹2.8 L/yr - ₹3.5 L/yr

Sales & Business Development
Collection Officer Salary
4 - 8 years exp. (5 salaries)
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₹3.7 L/yr - ₹4.4 L/yr

Customer Success, Service & Operations
Collection Officer Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹2.3 L/yr - ₹3.6 L/yr

Last Updated: 29 Mar 2025

Companies similar to SMFG India Credit for Collection Officer in Mumbai

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SMFG India Credit Collection Officer Salary

3 - 8 years exp. (16 salaries)

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₹2 L/yr - ₹6.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1 L/yr - ₹4.5 L/yr

arrow icon 27% less
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Bajaj Finance Collection Officer Salary

0 - 8 years exp. (15 salaries)

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₹1.5 L/yr - ₹5.1 L/yr

arrow icon 11% more
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L&T Finance Collection Officer Salary

1 - 6 years exp. (13 salaries)

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₹1.5 L/yr - ₹3.8 L/yr

arrow icon 25% less
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IIFL Finance Collection Officer Salary

1 - 10 years exp. (7 salaries)

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₹2.2 L/yr - ₹4 L/yr

arrow icon 3% less
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Shriram Finance Collection Officer Salary

3 - 8 years exp. (5 salaries)

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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 6% less
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 17% less
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Mahindra Finance Collection Officer Salary

1 - 5 years exp. (3 salaries)

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₹2.4 L/yr - ₹3.5 L/yr

arrow icon 15% less
Collection Officer salary at SMFG India Credit ranges between ₹2 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 16 latest salaries received from various employees of SMFG India Credit.

Latest annual salaries shared by SMFG India Credit Collection Officer in Mumbai

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8 years exp.
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7 years exp.
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7 years exp.
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4 years exp.
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7 years exp.
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3 years exp.

Experience wise SMFG India Credit Collection Officer salaries in Mumbai

Last Updated: 29 Mar 2025

Experience Avg Annual Salary
3 years  (4 salaries)

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₹2 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
5 years  (4 salaries)

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₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr
7 years  (3 salaries)

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₹3.5 L/yr - ₹6.2 L/yr
View all
SMFG India Credit Collection Officer Salary and Career Growth

From

To

Collection Officer

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0 - 8 years exp.

Branch Collection Incharge

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1 - 8 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.

Similar Designation salaries in SMFG India Credit

Sales Manager Salary
(44 salaries)
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₹3.4 L/yr - ₹9.72 L/yr
Officer Salary
(15 salaries)
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₹1.8 L/yr - ₹4.8 L/yr
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₹1.8 L/yr - ₹4 L/yr
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₹4.61 L/yr - ₹7.7 L/yr
Sales Officer Salary
(3 salaries)
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₹2.61 L/yr - ₹3.77 L/yr

Top skills at SMFG India Credit for Collection Officer

Collections Collections Rural Finance Switching Market Intelligence Recovery Material Science Risk Servicing Recovery Software Installation IPhone Rural Finance Npa Collection Management

Salary related reviews for SMFG India Credit

4.3

Rated by 4 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 29 Sep 2023

5.0
 for  Salary and Benefits

Likes

I am happy with working pattern like a home, salary,perks is heigher from a standards MNC . I had given 💯 percentage from our end.

read more
  • Salary - Excellent
  • +3 more

Dislikes

Some time learning and promotion things not meet accordance to me. Overall some time happy rather not satisfied.

  • Promotions - Poor

Full Time

 · 

Collection department Department

4.0
  •  posted on 15 Nov 2022

5.0
 for  Salary and Benefits

Likes

...rs are very selfish and cannot think about team members life. So I disappointed. But company salary and incentives are very attractive.

read more
  • Salary - Excellent
  • +2 more

Dislikes

Team members have lot of problems due to partiality and politics

  • Job security - Poor

Other Department

5.0
  •  posted on 14 Oct 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent . There is a huge criteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year

read more
  • Salary - Excellent
  • +6 more

Dislikes

Nothing

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 22 Mar 2024

5.0
 for  Salary and Benefits

Likes

I'm happy to work with SMFG company this company is excellent for every employee good salary very good incentives and also good growth 📈 working here thanks to big opportunity for me SMFG india credit

read more
  • Salary - Excellent
  • +6 more

Dislikes

Nothing dislike this company it's a very good company more than other NBFC companies

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 24 Mar 2023

5.0
 for  Salary and Benefits

Likes

I am very happy from this this company People Management, Working Pattern, Salary & Perks, Work Life Balance except other things like Learning & Development, Motivational Thoughts.

read more
  • Salary - Excellent
  • +4 more

Dislikes

Learning & Development, Next Level (Promotion).

  • Skill development - Poor
  • +1 more
see more salary related reviews

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SMFG India Credit Collection Officer Salary FAQs

What is the salary of Collection Officer at SMFG India Credit in Mumbai?
The average salary of a Collection Officer at SMFG India Credit in Mumbai typically ranges from ₹2.0 Lakhs to ₹6.2 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Collection Officer in Mumbai at SMFG India Credit earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. Collection Officer Salaries at SMFG India Credit 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 10+ SMFG India Credit employees in India.
What is the estimated take home salary of a Collection Officer at SMFG India Credit in Mumbai?
The estimated take-home salary of a Collection Officer at SMFG India Credit in Mumbai typically ranges from ₹24,094 to ₹25,546 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from 3 years to 8 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 10+ salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Collection Officer at SMFG India Credit in Mumbai?
To be a Collection Officer at SMFG India Credit in Mumbai, the key skills required include:

  • - Collections
  • - Collections
  • - Rural Finance
  • - Switching
  • - Market Intelligence

These skills are highly valued at SMFG India Credit and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SMFG India Credit for Collection Officer in India?
Bajaj Finance ₹1.5 Lakhs to ₹5.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SMFG India Credit, depending on the role and experience level.
What is the salary of a Collection Officer in companies similar to SMFG India Credit in Mumbai?
The salary of a Collection Officer at companies similar to SMFG India Credit in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IIFL Finance ₹2.2 Lakhs to ₹4.0 Lakhs per year
Shriram Finance ₹2.2 Lakhs to ₹3.5 Lakhs per year
Mahindra Finance ₹2.4 Lakhs to ₹3.5 Lakhs per year
Satin Creditcare Network ₹2.5 Lakhs to ₹3.5 Lakhs per year
L&T Finance ₹1.5 Lakhs to ₹3.8 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 Collection Officer at SMFG India Credit in Mumbai?
The salary growth for a Collection Officer at SMFG India Credit in Mumbai depends on factors such as experience, performance, and promotions. On average, a Collection Officer in Mumbai can expect the following growth trajectory at SMFG India Credit:

Experience Average Salary Range
3 years ₹2.0 Lakhs to ₹5.8 Lakhs per year
4 years ₹3.0 Lakhs to ₹3.8 Lakhs per year
5 years ₹3.1 Lakhs to ₹4.0 Lakhs per year
6 years ₹3.2 Lakhs to ₹4.0 Lakhs per year
and so on.

Tell us how to improve this page.

SMFG India Credit Collection Officer salary in Mumbai ranges between ₹2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 16 SMFG India Credit latest salaries received from various employees of SMFG India Credit.