HDFC Bank Indore Collections Manager Salaries by 50+ Employees (Updated 2025)

1 - 18 years exp.

₹3.6 Lakhs - ₹9.1 Lakhs

Salary of majority employees

8% more than the average Collections Manager Salary in Banking Companies for 1 - 18 years of experience

Interested in this particular role? 7 job openings

Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 2 - 15 years exp. (20 salaries)	₹4 L/yr - ₹8.4 L/yr
Customer Success, Service & Operations Collections Manager Salary 1 - 17 years exp. (5 salaries)	₹4 L/yr - ₹9 L/yr
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Sales & Business Development Collections Manager Salary 6 - 14 years exp. (5 salaries)	₹4.3 L/yr - ₹8.7 L/yr
Risk Management & Compliance Collections Manager Salary 3 - 6 years exp. (4 salaries)	₹4 L/yr - ₹8.8 L/yr
Finance & Accounting Collections Manager Salary 6 - 12 years exp. (3 salaries)	₹5 L/yr - ₹6.8 L/yr

Last Updated: 1 Mar 2025

Companies similar to HDFC Bank for Collections Manager in Indore

HDFC Bank Collections Manager Salary

1 - 18 years exp. (57 salaries)

₹3.6 L/yr - ₹9.1 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Collections Manager Salary 2 - 11 years exp. (26 salaries)	₹2.2 L/yr - ₹9 L/yr 8% less
ICICI Bank Collections Manager Salary 3 - 12 years exp. (11 salaries)	₹4 L/yr - ₹8.5 L/yr 12% more
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IndusInd Bank Collections Manager Salary 3 - 13 years exp. (7 salaries)	₹4 L/yr - ₹8 L/yr 4% more	18 job openings
Jana Small Finance Bank Collections Manager Salary 3 - 11 years exp. (7 salaries)	₹3 L/yr - ₹5.7 L/yr 33% less
Axis Bank Collections Manager Salary 4 - 13 years exp. (6 salaries)	₹3.1 L/yr - ₹8 L/yr 8% more
Kotak Mahindra Bank Collections Manager Salary 5 - 10 years exp. (5 salaries)	₹3.4 L/yr - ₹8.1 L/yr 3% less

Collections Manager salary at HDFC Bank ranges between ₹3.6 Lakhs to ₹9.1 Lakhs per year for employees with experience between 1 year to 18 years. Salary estimates are based on 57 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Collections Manager salaries in Indore

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
2 years (3 salaries)	₹3.6 L/yr - ₹4.5 L/yr
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3 years (7 salaries)	₹3.9 L/yr - ₹4.8 L/yr
4 years (3 salaries)	₹3.9 L/yr - ₹8.9 L/yr
5 years (3 salaries)	₹4.2 L/yr - ₹9 L/yr
6 years (5 salaries)	₹4 L/yr - ₹6.1 L/yr
7 years (7 salaries)	₹4.7 L/yr - ₹8.4 L/yr
8 years (3 salaries)	₹4.7 L/yr - ₹7.9 L/yr
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
10 years (3 salaries)	₹4 L/yr - ₹6.7 L/yr
11 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
12 years (3 salaries)	₹6.8 L/yr - ₹8 L/yr
13 years (3 salaries)	₹3 L/yr - ₹8 L/yr
14 years (6 salaries)	₹5.3 L/yr - ₹9.1 L/yr
15+ years (5 salaries)	₹7 L/yr - ₹9.1 L/yr

View all

From

Collections Manager

₹

Lakhs/yr

1 - 18 years exp.

Regional Credit Manager

₹

Lakhs/yr

9 - 24 years exp.

Collections Manager

1 - 18 years exp.

Area Collection Manager

10 - 22 years exp.

107% hike

Area Credit Manager

5 - 18 years exp.

31% hike

From

View 3 more levels

Collections Manager

1 - 18 years exp.

Deputy Vice President

10 - 25 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Bank

Cluster Manager Salary

(3 salaries)

₹9 L/yr - ₹13.9 L/yr

Area Collection Manager Salary

(3 salaries)

₹14.8 L/yr - ₹20 L/yr

Top skills at HDFC Bank for Collections Manager

Collection Management Collections Recovery Collection Management Debt Management Collections Recovery Operations Receivable Management Debt Recovery Recovery Management Finance Banking Credit Operations Process Management Debt Management

Salary related reviews for HDFC Bank

4.2

Rated by 6 employees for salary & benefits

Collections Manager in Hisar

Full Time

Finance & Accounting Department

5.0

• posted on 27 Jan 2025

5.0

for Salary and Benefits

Likes

good learning and development opportunities, strong reputation in the banking industry, competitive salary and incentives, job security, and a culture that encourages professional growth

Salary - Excellent

+6 more

Dislikes

intense work pressure, poor work-life balance, long working hours, excessive sales targets, lack of career progression, inconsistent management practices, and a sometimes toxic work culture;

Collections Manager in Jammu

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 10 Aug 2023

1.0

for Salary and Benefits

Likes

From my point of veiw everything is good.

Skill development - Excellent

+4 more

Dislikes

i dislike the most related to my salary from last two years i get same hike about 4.50 on my overall package.can you imagine people win or loose but im two years same rating and same bouns i get.

Salary - Bad

+1 more

Collections Manager in Kochi

Full Time

Other Department

3.0

• posted on 09 Nov 2023

1.0

for Salary and Benefits

Likes

Good superiors, job security

Skill development - Good

+2 more

Dislikes

Monetary benefits are just peanut sized. Very less bonus, very very less salary hikes even after appraisal. Yearly hike % is less than the industrial average. Systems are very complicated.

Salary - Bad

Collections Manager in Bhopal

Full Time

Other Department

5.0

• posted on 13 Nov 2023

2.0

for Salary and Benefits

Likes

Everything in hdfc bank is good except perks, promotions and appreciations

Job security - Excellent

+1 more

Dislikes

*annual bonus and increment compared to other banks and nbfc is very low. *Don't appreciate you on your achievements. No incentives at all .

Salary - Poor

+2 more

Collections Manager in Rudrapur

Full Time

Other Department

5.0

• posted on 14 Feb 2023

5.0

for Salary and Benefits

Likes

Excellent working experience, institute give u full authority to perform. U get proper leaves,good work life balance,timing salary,appraisal depend on your performance. Everything has a proper process.

Salary - Excellent

+5 more

Dislikes

No dislike,

see more salary related reviews

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What people are saying about HDFC Bank

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Can someone advice whether I should join HDFC Bank with almost Half CTC or Teleperformance (TP), a BPO with Double CTC? Job Role: Inbound Customer Support. Factors: WFH: TP ✅️ HDFC ❌️ Location: HDFC - New Delhi, TP - Noida Team Handling: HDFC - Individual role. TP - Team Leader Team Handling: HDFC ❌️ TP ✅️ Working Days: HDFC - 6. TP - 5 Customer Base: HDFC - Indian, TP - USA

Which Organisation to Join? Please provide reason(s) or if you have any suggestion.

HDFC Bank

Teleperformance

4 participants . poll closed

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HDFC Bank Collections Manager Salary FAQs

What is the salary of Collections Manager at HDFC Bank in Indore?

The average salary of a Collections Manager at HDFC Bank in Indore typically ranges from ₹3.6 Lakhs to ₹9.1 Lakhs per year, depending on experience (from 1 year to 18 years).

The top 10% of Collections Manager in Indore at HDFC Bank earn more than ₹8.9 Lakhs per year, and the top 1% earn over ₹9.1 Lakhs per year. Collections Manager Salaries at HDFC Bank 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 50+ HDFC Bank employees in India.

What is the estimated take home salary of a Collections Manager at HDFC Bank in Indore?

The estimated take-home salary of a Collections Manager at HDFC Bank in Indore typically ranges from ₹49,194 to ₹50,357 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹9.1 Lakhs per year for employees with experience ranging from 1 year to 18 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 50+ salaries received from various employees of HDFC Bank. 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 HDFC Bank in Indore?

To be a Collections Manager at HDFC Bank in Indore, the key skills required include:

- Collection Management
- Collections
- Recovery
- Collection Management
- Debt Management

These skills are highly valued at HDFC Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Bank for Collections Manager in India?

ICICI Bank	₹4.0 Lakhs to ₹8.5 Lakhs per year
Axis Bank	₹3.1 Lakhs to ₹8.0 Lakhs per year
IndusInd Bank	₹4.0 Lakhs to ₹8.0 Lakhs per year

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

What is the salary of a Collections Manager in companies similar to HDFC Bank in Indore?

The salary of a Collections Manager at companies similar to HDFC Bank in Indore varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Bank	₹3.4 Lakhs to ₹8.1 Lakhs per year
IDFC FIRST Bank	₹2.2 Lakhs to ₹9.0 Lakhs per year
Jana Small Finance Bank	₹3.0 Lakhs to ₹5.7 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 HDFC Bank in Indore?

The salary growth for a Collections Manager at HDFC Bank in Indore depends on factors such as experience, performance, and promotions. On average, a Collections Manager in Indore can expect the following growth trajectory at HDFC Bank:

Experience	Average Salary Range
1 year	₹3.7 Lakhs to ₹4.8 Lakhs per year
2 years	₹3.6 Lakhs to ₹4.5 Lakhs per year
3 years	₹3.9 Lakhs to ₹4.8 Lakhs per year
4 years	₹3.9 Lakhs to ₹8.9 Lakhs per year

and so on.

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HDFC Bank Collections Manager Salaries in Indore

HDFC Bank Collections Manager salary in Indore ranges between ₹3.6 Lakhs to ₹9.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 57 HDFC Bank latest salaries received from various employees of HDFC Bank.