HDB Financial Services Mumbai Recovery Officer Salaries by 9 Employees (Updated 2025)

0 - 6 years exp.

₹1.4 Lakh - ₹2.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

27% less than the average Recovery Officer Salary in NBFC Companies for 0 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Recovery Officer Salary Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2.3 L/yr
Finance & Accounting Recovery Officer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.4 L/yr
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Consulting Recovery Officer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.9 L/yr

Last Updated: 24 Feb 2025

Companies similar to HDB Financial Services for Recovery Officer in Mumbai

HDB Financial Services Recovery Officer Salary

0 - 6 years exp. (9 salaries)

₹1.4 L/yr - ₹2.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Jana Small Finance Bank Recovery Officer Salary 1 - 6 years exp. (6 salaries)	₹2 L/yr - ₹2.5 L/yr 3% more
Kotak Mahindra Bank Recovery Officer Salary 0 - 3 years exp. (4 salaries)	₹1.7 L/yr - ₹2.2 L/yr 8% less
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IDBI Bank Recovery Officer Salary 10 - 14 years exp. (3 salaries)	₹14 L/yr - ₹19 L/yr 737% more
CEDP Skill Institute Recovery Officer Salary 2 - 5 years exp. (3 salaries)	₹1.7 L/yr - ₹3.6 L/yr 42% more
TCS Recovery Officer Salary 4 - 7 years exp. (3 salaries)	₹3.2 L/yr - ₹4.1 L/yr 72% more

Recovery Officer salary at HDB Financial Services ranges between ₹1.4 Lakh to ₹2.4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 9 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Recovery Officer salaries in Mumbai

Last Updated: 24 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.9 L/yr - ₹2 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
5 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
6 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr

View all

Similar Designation salaries in HDB Financial Services

Sales Officer Salary

(142 salaries)

₹1 L/yr - ₹5 L/yr

Collection Officer Salary

(115 salaries)

₹1 L/yr - ₹4.5 L/yr

Relationship Officer Salary

(98 salaries)

₹1.3 L/yr - ₹4.2 L/yr

Sales Manager Salary

(87 salaries)

₹1.85 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(53 salaries)

₹3 L/yr - ₹9.1 L/yr

Accountant Salary

(12 salaries)

₹1.45 L/yr - ₹4.5 L/yr

Salary related reviews for HDB Financial Services

Sales Manager in Siwan

Full Time

Sales & Business Development Department

3.0

• posted on 25 Feb 2025

4.0

for Salary and Benefits

Likes

Salary on time, working pressure is average, work - life balance is average.

Salary - Good

+1 more

Dislikes

No co-operate from any seniors. Do self each and every thing. Sales and collection. Target pressure is 100 % but support is 0%. Work starting time is 8.00am ending time not fixed.

Skill development - Poor

+1 more

Senior Sales Officer in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Nov 2024

2.0

for Salary and Benefits

Likes

Job secured for a standard term with lesser business. Overall maximum loans disbursement after login with minimum documentation and -cibil also.

Job security - Good

Dislikes

No Work life balance, poor salary, bad behaviors from managers each and every time,groupism.No thankful behavior for hardwork.

Salary - Poor

+3 more

Senior Sales Officer in Palakkad

Full Time

Sales & Business Development Department

4.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Salary and incentive plans

Salary - Good

+4 more

Dislikes

NEED A PROPER TEAM FOR COLLECTION AND RELPL TELE-CALLING CAN BE SPARED FROM CD DPL OFFICERS. Incentive cuting,i did’t received my onam period incentive even after one month.this is a quite bad thing i felt in the company .i am totally disappointed.i worked so hard in those days for the company.it really sad.

Sales Officer in Barpeta

Full Time

Sales & Business Development Department

5.0

• posted on 01 Nov 2024

5.0

for Salary and Benefits

Likes

Some say that working at HDB Financial Services is a good place to start a career in lending and that they have a good work culture:

Salary - Excellent

+6 more

Dislikes

Some say the salary and growth level are low. No work-life balance: Some say there is no work-life balance.

Sales Manager in Jaipur

Full Time

Finance & Accounting Department

4.0

• posted on 01 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary paid on time

Dislikes

Lot of things Pls remove sales part from HDB it's credit oriented group where only making fun on the basis of sales performance throw hold files without knowing facts in this group sales person are fool only credit is good If credit is good then why set higher target for sales team

Job security - Poor

+1 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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HDB Financial Services Recovery Officer Salary FAQs

What is the salary of Recovery Officer at HDB Financial Services in Mumbai?

The average salary of a Recovery Officer at HDB Financial Services in Mumbai typically ranges from ₹1.4 Lakhs to ₹2.4 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Recovery Officer in Mumbai at HDB Financial Services earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.4 Lakhs per year. Recovery Officer 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 9 HDB Financial Services employees in India.

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

The estimated take-home salary of a Recovery Officer at HDB Financial Services in Mumbai typically ranges from ₹14,418 to ₹15,935 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹2.4 Lakhs per year for employees with experience ranging from Fresher to 6 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 9 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 Officer in India?

IDBI Bank	₹14.0 Lakhs to ₹19.0 Lakhs per year
TCS	₹3.2 Lakhs to ₹4.1 Lakhs per year
CEDP Skill Institute	₹1.7 Lakhs to ₹3.6 Lakhs per year
Jana Small Finance Bank	₹2.0 Lakhs to ₹2.5 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 Officer in companies similar to HDB Financial Services in Mumbai?

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

Kotak Mahindra Bank

₹1.7 Lakhs to ₹2.2 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 Officer at HDB Financial Services in Mumbai?

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

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹2.0 Lakhs per year
1 year	₹1.8 Lakhs to ₹2.3 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
3 years	₹1.8 Lakhs to ₹2.4 Lakhs per year

and so on.

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HDB Financial Services Recovery Officer Salaries in Mumbai

HDB Financial Services Recovery Officer salary in Mumbai ranges between ₹1.4 Lakh to ₹2.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 HDB Financial Services latest salaries received from various employees of HDB Financial Services.