SMFG India Credit Mumbai Collection Officer Salaries by 10+ Employees (Updated 2025)

3 - 8 years exp.

₹2 Lakhs - ₹6.2 Lakhs

Salary of majority employees

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)	₹2.8 L/yr - ₹3.5 L/yr
Sales & Business Development Collection Officer Salary 4 - 8 years exp. (5 salaries)	₹3.7 L/yr - ₹4.4 L/yr
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Customer Success, Service & Operations Collection Officer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.6 L/yr

Last Updated: 29 Mar 2025

Companies similar to SMFG India Credit for Collection Officer in Mumbai

SMFG India Credit Collection Officer Salary

3 - 8 years exp. (16 salaries)

₹2 L/yr - ₹6.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Collection Officer Salary 0 - 8 years exp. (117 salaries)	₹1 L/yr - ₹4.5 L/yr 27% less
Bajaj Finance Collection Officer Salary 0 - 8 years exp. (15 salaries)	₹1.5 L/yr - ₹5.1 L/yr 11% more
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L&T Finance Collection Officer Salary 1 - 6 years exp. (13 salaries)	₹1.5 L/yr - ₹3.8 L/yr 25% less
IIFL Finance Collection Officer Salary 1 - 10 years exp. (7 salaries)	₹2.2 L/yr - ₹4 L/yr 3% less
Shriram Finance Collection Officer Salary 3 - 8 years exp. (5 salaries)	₹2.2 L/yr - ₹3.5 L/yr 6% less
Satin Creditcare Network Collection Officer Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 17% less
Mahindra Finance Collection Officer Salary 1 - 5 years exp. (3 salaries)	₹2.4 L/yr - ₹3.5 L/yr 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.

Experience wise SMFG India Credit Collection Officer salaries in Mumbai

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
3 years (4 salaries)	₹2 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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5 years (4 salaries)	₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
7 years (3 salaries)	₹3.5 L/yr - ₹6.2 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr

View all

From

Collection Officer

0 - 8 years exp.

Branch Collection Incharge

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)

₹3.4 L/yr - ₹9.72 L/yr

Officer Salary

(15 salaries)

₹1.8 L/yr - ₹4.8 L/yr

Relationship Officer Salary

(9 salaries)

₹1.8 L/yr - ₹4 L/yr

Collections Manager Salary

(5 salaries)

₹4.61 L/yr - ₹7.7 L/yr

Sales Officer Salary

(3 salaries)

₹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

Collection Officer in Mumbai

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.

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

Collection Officer in Lalgudi

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.

Salary - Excellent

+2 more

Dislikes

Team members have lot of problems due to partiality and politics

Job security - Poor

Collection Officer in Yamunanagar

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

Salary - Excellent

+6 more

Dislikes

Nothing

Sales Manager in Kadapa

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

Salary - Excellent

+6 more

Dislikes

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

Officer in Mumbai

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.

Salary - Excellent

+4 more

Dislikes

Learning & Development, Next Level (Promotion).

Skill development - Poor

+1 more

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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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.

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SMFG India Credit Collection Officer Salaries in Mumbai

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