SMFG India Credit Bangalore / Bengaluru Collections Manager Salaries by 5 Employees

6 - 7 years exp.

₹4.2 Lakhs - ₹6.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Collections Manager Salary in NBFC Companies for 6 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Collections Manager Salary 6 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.3 L/yr
Finance & Accounting Collections Manager Salary 6 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.7 L/yr
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Risk Management & Compliance Collections Manager Salary 6 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.3 L/yr

Last Updated: 2 Jun 2024

Companies similar to SMFG India Credit for Collections Manager in Bangalore / Bengaluru

SMFG India Credit Collections Manager Salary

6 - 7 years exp. (5 salaries)

₹4.2 L/yr - ₹6.8 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Collections Manager Salary 4 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7 L/yr 29% more
Shriram Finance Collections Manager Salary 5 - 9 years exp. (6 salaries)	₹3.5 L/yr - ₹5.3 L/yr 15% less
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TVS Credit Collections Manager Salary 4 - 11 years exp. (4 salaries)	₹3.5 L/yr - ₹6 L/yr 3% more
Aditya Birla Finance Collections Manager Salary 5 - 9 years exp. (3 salaries)	₹7.5 L/yr - ₹8.8 L/yr 61% more
Mahindra Finance Collections Manager Salary 5 - 10 years exp. (3 salaries)	₹3.1 L/yr - ₹4.1 L/yr 26% less	1 job opening

Collections Manager salary at SMFG India Credit ranges between ₹4.2 Lakhs to ₹6.8 Lakhs per year for employees with experience between 6 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Collections Manager salaries in Bangalore / Bengaluru

Last Updated: 2 Jun 2024

Experience	Avg Annual Salary
6 years (4 salaries)	₹4.2 L/yr - ₹6.3 L/yr
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7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in SMFG India Credit

Branch Manager Salary

(7 salaries)

₹6.02 L/yr - ₹11.6 L/yr

Agency Manager Salary

(5 salaries)

₹3.87 L/yr - ₹5.5 L/yr

Relationship Manager Salary

(5 salaries)

₹3.8 L/yr - ₹4.9 L/yr

Collection Officer Salary

(4 salaries)

₹1.2 L/yr - ₹3.65 L/yr

Top skills at SMFG India Credit for Collections Manager

Collection Management Collections Recovery Financial Management Mortgage Loans Collections Strategy Recovery Operations Collection Management Personal Loans Agency Management Collections Team Handling Collections Strategy Receipt Finance

Salary related reviews for SMFG India Credit

1.4

Rated by 2 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

Territory Collection Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 12 Sep 2023

4.0

for Salary and Benefits

Likes

The salary package & the incentives paid is good.

Salary - Good

Dislikes

Time management, not understanding employee needed during various situation & not handling the employees softly & clearing customers issues, not done till date.

Skill development - Poor

+3 more

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

Area Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

Salary - Excellent

+6 more

Dislikes

Only system issues and software not working properly. IT issue.

Agency Manager in Kapadvanj

BFSI, Investments & Trading Department

2.0

• posted on 10 Dec 2021

5.0

for Salary and Benefits

Likes

Good supports from local siniors ,Good incetives.

Salary - Excellent

Dislikes

Provide higer salary and grade to New recruited employee instade existing and vintage employee however had more efficient and more experienced.Internal politics by state heads.If ur perfomer good skills to hendling team didnt get proper reward.However company & Hr is verry good

Skill development - Poor

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SMFG India Credit Collections Manager Salary FAQs

What is the salary of Collections Manager at SMFG India Credit in Bangalore / Bengaluru?

The average salary of a Collections Manager at SMFG India Credit in Bangalore / Bengaluru typically ranges from ₹4.2 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 6 years to 7 years).

The top 10% of Collections Manager in Bangalore / Bengaluru at SMFG India Credit earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹6.8 Lakhs per year. Collections Manager 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 5 SMFG India Credit employees in India.

What is the estimated take home salary of a Collections Manager at SMFG India Credit in Bangalore / Bengaluru?

The estimated take-home salary of a Collections Manager at SMFG India Credit in Bangalore / Bengaluru typically ranges from ₹37,803 to ₹39,001 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 6 years to 7 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 5 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 Collections Manager at SMFG India Credit in Bangalore / Bengaluru?

To be a Collections Manager at SMFG India Credit in Bangalore / Bengaluru, the key skills required include:

- Collection Management
- Collections
- Recovery
- Financial Management
- Mortgage Loans

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 Collections Manager in India?

Aditya Birla Finance	₹7.5 Lakhs to ₹8.8 Lakhs per year
L&T Finance	₹3.0 Lakhs to ₹7.0 Lakhs per year
TVS Credit	₹3.5 Lakhs to ₹6.0 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 Collections Manager in companies similar to SMFG India Credit in Bangalore / Bengaluru?

The salary of a Collections Manager at companies similar to SMFG India Credit in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance	₹3.5 Lakhs to ₹5.3 Lakhs per year
Mahindra Finance	₹3.1 Lakhs to ₹4.1 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 Collections Manager at SMFG India Credit in Bangalore / Bengaluru?

The salary growth for a Collections Manager at SMFG India Credit in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Collections Manager in Bangalore / Bengaluru can expect the following growth trajectory at SMFG India Credit:

Experience	Average Salary Range
6 years	₹4.2 Lakhs to ₹6.3 Lakhs per year
7 years	₹4.5 Lakhs to ₹5.8 Lakhs per year

and so on.

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SMFG India Credit Collections Manager Salaries in Bangalore / Bengaluru

SMFG India Credit Collections Manager salary in Bangalore / Bengaluru ranges between ₹4.2 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SMFG India Credit latest salaries received from various employees of SMFG India Credit.