HDB Financial Services Recovery Manager Salaries by 7 Employees (Updated 2025)

4 - 14 years exp.

₹4.5 Lakhs - ₹6.6 Lakhs

Low Confidence

Salary of majority employees

6% more than the average Recovery Manager Salary in NBFC Companies for 4 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Recovery Manager Salary 7 - 11 years exp. (3 salaries)	₹4.5 L/yr - ₹6.5 L/yr
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Finance & Accounting Recovery Manager Salary 6 - 13 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹5.5 L/yr

Last Updated: 28 Jan 2025

Companies similar to HDB Financial Services for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 36% less
SMFG India Credit Recovery Manager Salary 3 - 9 years exp. (10 salaries)	₹2.5 L/yr - ₹5 L/yr 32% less
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Bajaj Finance Recovery Manager Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹6.2 L/yr 17% less
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 31% less
Shubham Housing Development Finance Recovery Manager Salary 7 - 10 years exp. (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr 26% less
Hero FinCorp Recovery Manager Salary 4 - 6 years exp. (3 salaries)	₹0.7 L/yr - ₹6.8 L/yr 41% less
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 27% more

Recovery Manager salary at HDB Financial Services ranges between ₹4.5 Lakhs to ₹6.6 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Recovery Manager salaries

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
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6 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.4 L/yr
7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9.8 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
9 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
10 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.5 L/yr
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.1 L/yr
14 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.6 L/yr

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Salary related reviews for HDB Financial Services

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

1.0

• posted on 16 Oct 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...ets and expectations. No proper alignment or policy of increment and promotions. They provide you way less compensation and expects to work all the days of month starting at 7 in the morning and ending at 10-11 at night (during the last days of month at times employee walks out of company at 2:00 or 3:00 in the morning).

Salary - Poor

+6 more

Relationship Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 18 Jun 2024

4.0

for Salary and Benefits

Likes

They give you salary on time and infrastructure is good.

Salary - Good

+1 more

Dislikes

People are very rude .they will torture you until you left the company and manager are very unethical they don't know how to talk to their employees.

Skill development - Poor

+2 more

Relationship Manager in Bhubaneswar

Full Time

Finance & Accounting Department

4.0

• posted on 17 Feb 2025

4.0

for Salary and Benefits

Likes

supportive, family-like, and encouraging of internal growth, with good opportunities for career advancement, along with competitive incentives and on-time salary payments

Salary - Good

+6 more

Dislikes

intense pressure to meet high sales targets, poor work-life balance, low salary, lack of career growth opportunities, rigid company culture, excessive manual work, and a perceived lack of support from management.

Sales Executive in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 24 Oct 2023

1.0

for Salary and Benefits

Likes

HDB give us a opportunity to job and give us avarage salary pakage to make our life style good. And also Insentive structure is very good.

Dislikes

Their are lots of things I dislike of this company. They hold salary if you didn't achive your target. After 6 months your salary cutoff upto RS. 1000 which one is terrible. The work culture and pressure also not acceptable. And lots of things are very poor of this company.

Salary - Bad

+5 more

Collection Officer in Kolkata

Full Time

Finance & Accounting Department

4.0

• posted on 05 Sep 2023

4.0

for Salary and Benefits

Likes

Get salary on time HR and higher authorities are good! Some TL's are very bad they do partiality on data stamping but another hand some are too good now depends on luck under whome we will handover.

Salary - Good

+2 more

Dislikes

Some TL's are very disappointing. They do partiality in data stamping to Telle callers due this TC's don't get their full ar desering incentive.

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What people are saying about HDB Financial Services

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a credit manager

Rat Race 9 to 5 Really?

Bhai kon kehta he ki rate race me job 9 to 5 ki hoti he? Kabhi NBFC company me aake dekho..... Yaha job 9 to 9 ki hoti he!... Regards, A Credit Manager At Upper layer NBFC Company

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HDB Financial Services Recovery Manager Salary FAQs

What is the salary of Recovery Manager at HDB Financial Services ?

The average salary of a Recovery Manager at HDB Financial Services in India typically ranges from ₹4.5 Lakhs to ₹6.6 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Recovery Manager at HDB Financial Services earn more than ₹6.6 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. Recovery Manager Salaries at HDB Financial Services 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 7 HDB Financial Services employees in India.

What is the estimated take home salary of a Recovery Manager at HDB Financial Services in India?

The estimated take-home salary of a Recovery Manager at HDB Financial Services in India typically ranges from ₹42,968 to ₹44,089 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹6.6 Lakhs per year for employees with experience ranging from 4 years to 14 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 7 salaries received from various employees of HDB Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDB Financial Services for Recovery Manager in India?

Manappuram Finance

₹3.0 Lakhs to ₹7.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDB Financial Services, depending on the role and experience level.

What is the salary of a Recovery Manager in companies similar to HDB Financial Services in India?

The salary of a Recovery Manager at companies similar to HDB Financial Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Finance	₹3.5 Lakhs to ₹6.2 Lakhs per year
Shubham Housing Development Finance	₹3.5 Lakhs to ₹4.8 Lakhs per year
Mahindra Finance	₹3.1 Lakhs to ₹4.5 Lakhs per year
SMFG India Credit	₹2.5 Lakhs to ₹5.0 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹6.0 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 Recovery Manager at HDB Financial Services in India?

The salary growth for a Recovery Manager at HDB Financial Services depends on factors such as experience, performance, and promotions. On average, a Recovery Manager can expect the following growth trajectory at HDB Financial Services:

Experience	Average Salary Range
4 years	₹2.0 Lakhs to ₹5.5 Lakhs per year
5 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
6 years	₹2.1 Lakhs to ₹5.4 Lakhs per year
7 years	₹4.5 Lakhs to ₹9.8 Lakhs per year

and so on.

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HDB Financial Services Recovery Manager Salaries

HDB Financial Services Recovery Manager salary in India ranges between ₹4.5 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDB Financial Services latest salaries received from various employees of HDB Financial Services.