SMFG India Credit Recovery Manager Salaries by 10 Employees (Updated 2025)

3 - 9 years exp.

₹2.5 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

28% less than the average Recovery Manager Salary in NBFC Companies for 3 - 9 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 3 - 9 years exp. (5 salaries)	₹2.5 L/yr - ₹5 L/yr
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BFSI, Investments & Trading Recovery Manager Salary 5 - 8 years exp. (3 salaries)	₹3 L/yr - ₹4.8 L/yr

Last Updated: 14 Sep 2024

Companies similar to SMFG India Credit for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Recovery Manager Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹6.2 L/yr 22% more
HDFC Bank Recovery Manager Salary 5 - 18 years exp. (17 salaries)	₹3.5 L/yr - ₹13.5 L/yr 96% more
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ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 86% more
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 2% more
Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 5% less
Edelweiss Recovery Manager Salary 10 - 15 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 19% more
HDB Financial Services Recovery Manager Salary 4 - 14 years exp. (7 salaries)	₹4.5 L/yr - ₹6.6 L/yr 48% more
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 87% more
Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 46% less

Recovery Manager salary at SMFG India Credit ranges between ₹2.5 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 10 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Recovery Manager salaries

Last Updated: 14 Sep 2024

Experience	Avg Annual Salary
3 years (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.1 L/yr
8 years (3 salaries)	₹3.6 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.4 L/yr

View all

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Area Collection Manager Salary

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Team Lead Salary

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Top skills at SMFG India Credit for Recovery Manager

Collections Quality Improvement Finance Team Leading Customer Management Recovery Auditing Payment Processing

Salary related reviews for SMFG India Credit

3.9

Rated by 6 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

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SMFG India Credit Recovery Manager Salary FAQs

What is the salary of Recovery Manager at SMFG India Credit?

Recovery Manager salary at SMFG India Credit in India ranges between ₹2.5 Lakhs to ₹5.0 Lakhs for experience between 3 years to 9 years. According to our estimates it is 28% less than the average Recovery Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of SMFG India Credit India.

How does the salary of a Recovery Manager at SMFG India Credit India compare with the average salary range for this job?

The average salary of a Recovery Manager at SMFG India Credit is 28% less than the average salary of a Recovery Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Recovery Manager at SMFG India Credit?

Collections, Quality Improvement, Finance, Team Leading and Customer Management are some of the popular skills required to work as a Recovery Manager at SMFG India Credit India.

Which similar companies are paying more than SMFG India Credit to a Recovery Manager in India?

HDFC Bank Recovery Manager Salary - ₹3.5 Lakhs to ₹13.5 Lakhs per year
Manappuram Finance Recovery Manager Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year
ICICI Bank Recovery Manager Salary - ₹5.5 Lakhs to ₹9.0 Lakhs per year
HDB Financial Services Recovery Manager Salary - ₹4.5 Lakhs to ₹6.6 Lakhs per year
Bajaj Finance Recovery Manager Salary - ₹3.5 Lakhs to ₹6.2 Lakhs per year

What is the salary of a Recovery Manager in companies similar to SMFG India Credit in India?

Edelweiss Recovery Manager Salary - ₹3.0 Lakhs to ₹5.4 Lakhs per year
Mahindra Finance Recovery Manager Salary - ₹3.1 Lakhs to ₹4.5 Lakhs per year
Shriram Finance Recovery Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
Mahindra Rural Housing Finance Recovery Manager Salary - ₹1.7 Lakhs to ₹2.4 Lakhs per year

What is the estimated take home salary of a Recovery Manager at SMFG India Credit in India?

The estimated take-home salary of a Recovery Manager at SMFG India Credit ranges between ₹28,273 per month to ₹29,663 per month in India. The take-home salary calculation is based on the average SMFG India Credit Recovery Manager salary in India which ranges between ₹2.5 Lakhs to ₹5.0 Lakhs per year for employees with experience between 3 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Recovery Manager at SMFG India Credit?

According to AmbitionBox, 63% of the SMFG India Credit Recovery Managers reported a notice period of 3 Months, 18% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 16 responses on AmbitionBox in last 2 years.

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SMFG India Credit Recovery Manager Salaries

SMFG India Credit Recovery Manager salary in India ranges between ₹2.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 SMFG India Credit latest salaries received from various employees of SMFG India Credit.