SMFG India Credit State Collection Manager Salaries by 30+ Employees (Updated 2025)

13 - 22 years exp.

₹9.3 Lakhs - ₹26.7 Lakhs

Salary of majority employees

7% more than the average State Collection Manager Salary in NBFC Companies for 13 - 22 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading State Collection Manager Salary 13 - 22 years exp. (21 salaries)	₹10.8 L/yr - ₹23 L/yr
Finance & Accounting State Collection Manager Salary 14 - 21 years exp. (7 salaries)	₹13 L/yr - ₹19.7 L/yr
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Customer Success, Service & Operations State Collection Manager Salary 17 - 21 years exp. (AmbitionBox Estimate)	₹13 L/yr - ₹15 L/yr
Legal & Regulatory State Collection Manager Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹15.6 L/yr

Last Updated: 15 Mar 2025

Companies similar to SMFG India Credit for State Collection Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Finance State Collection Manager Salary 13 - 18 years exp. (7 salaries)	₹10 L/yr - ₹15 L/yr 17% less
Tata Motors Finance State Collection Manager Salary 9 - 15 years exp. (5 salaries)	₹10.8 L/yr - ₹17 L/yr 13% less
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IIFL SAMASTA State Collection Manager Salary 1 - 12 years exp. (4 salaries)	₹3.2 L/yr - ₹8.1 L/yr 62% less
Muthoot Fincorp State Collection Manager Salary 7 - 18 years exp. (4 salaries)	₹5.1 L/yr - ₹12.8 L/yr 41% less
L&T Finance State Collection Manager Salary 8 - 15 years exp. (3 salaries)	₹10.5 L/yr - ₹20 L/yr 10% less
HDB Financial Services State Collection Manager Salary 12 - 14 years exp. (3 salaries)	₹12.1 L/yr - ₹15.4 L/yr 12% less

State Collection Manager salary at SMFG India Credit ranges between ₹9.3 Lakhs to ₹26.7 Lakhs per year for employees with experience between 13 years to 22 years. Salary estimates are based on 39 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit State Collection Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
13 years (3 salaries)	₹10.8 L/yr - ₹18.5 L/yr
14 years (5 salaries)	₹10.8 L/yr - ₹19 L/yr
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15+ years (31 salaries)	₹9.3 L/yr - ₹26.7 L/yr

Similar Designation salaries in SMFG India Credit

Area Collection Manager Salary

(22 salaries)

₹3.1 L/yr - ₹9.26 L/yr

Branch Collection Manager Salary

(35 salaries)

₹2.1 L/yr - ₹5.48 L/yr

Zonal Collection Manager Salary

(6 salaries)

₹13.95 L/yr - ₹44 L/yr

Collections Manager Salary

(190 salaries)

₹2.01 L/yr - ₹7.7 L/yr

Regional Collection Manager Salary

(8 salaries)

₹16 L/yr - ₹28.3 L/yr

Territory Collection Manager Salary

(52 salaries)

₹4.75 L/yr - ₹10.5 L/yr

Senior Area Collection Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Collection Officer Salary

(5 salaries)

₹1.9 L/yr - ₹5 L/yr

Collection Officer Salary

(101 salaries)

₹0.95 L/yr - ₹4.5 L/yr

Recovery Manager Salary

(10 salaries)

₹2.5 L/yr - ₹5 L/yr

Top skills at SMFG India Credit for State Collection Manager

Collection Management Recovery Recovery Management mortgage Collections Personal Loans Lap Mortgage Loans Flow Debt Management Debt Collection Debt Recovery Debt Recovery Commercial Vehicle Loans Delinquency Management

Salary related reviews for SMFG India Credit

3.9

Rated by 9 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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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 State Collection Manager Salary FAQs

What is the salary of State Collection Manager at SMFG India Credit ?

The average salary of a State Collection Manager at SMFG India Credit in India typically ranges from ₹9.3 Lakhs to ₹26.7 Lakhs per year, depending on experience (from 13 years to 22 years).

The top 10% of State Collection Manager at SMFG India Credit earn more than ₹19.7 Lakhs per year, and the top 1% earn over ₹26.7 Lakhs per year. State Collection 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 30+ SMFG India Credit employees in India.

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

The estimated take-home salary of a State Collection Manager at SMFG India Credit in India typically ranges from ₹1,11,056 to ₹1,14,135 per month. This is based on the average salary range of ₹9.3 Lakhs to ₹26.7 Lakhs per year for employees with experience ranging from 13 years to 22 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 30+ 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 State Collection Manager at SMFG India Credit ?

To be a State Collection Manager at SMFG India Credit in india, the key skills required include:

- Collection Management
- Recovery
- Recovery Management
- mortgage
- Collections

These skills are highly valued at SMFG India Credit and are crucial for successful performance in a Software Engineering role.

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

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

L&T Finance	₹10.5 Lakhs to ₹20.0 Lakhs per year
HDB Financial Services	₹12.1 Lakhs to ₹15.4 Lakhs per year
Tata Motors Finance	₹10.8 Lakhs to ₹17.0 Lakhs per year
Shriram Finance	₹10.0 Lakhs to ₹15.0 Lakhs per year
Muthoot Fincorp	₹5.1 Lakhs to ₹12.8 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 State Collection Manager at SMFG India Credit in India?

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

Experience	Average Salary Range
13 years	₹10.8 Lakhs to ₹18.5 Lakhs per year
14 years	₹10.8 Lakhs to ₹19.0 Lakhs per year
15 years	₹9.3 Lakhs to ₹26.7 Lakhs per year

and so on.

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SMFG India Credit State Collection Manager Salaries

SMFG India Credit State Collection Manager salary in India ranges between ₹9.3 Lakhs to ₹26.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 39 SMFG India Credit latest salaries received from various employees of SMFG India Credit.