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HDFC Bank Recovery Manager salaries in India (Updated 2025)

Annual salary range
5 - 18 years exp.
₹3.5 Lakhs - ₹13.5 Lakhs
Salary of majority employees
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40% more than the average Recovery Manager Salary in Banking Companies for 5 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Recovery Manager Salary
5 - 18 years exp. (11 salaries)
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₹3.5 L/yr - ₹13.5 L/yr

Risk Management & Compliance
Recovery Manager Salary
6 - 15 years exp. (3 salaries)
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₹6 L/yr - ₹11 L/yr

Last Updated: 8 Feb 2025

Companies similar to HDFC Bank for Recovery Manager

Company name Avg Annual Salary Open Jobs
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ICICI Bank Recovery Manager Salary

2 - 13 years exp. (5 salaries)

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₹5.5 L/yr - ₹9 L/yr

arrow icon 5% less
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Axis Bank Recovery Manager Salary

5 - 6 years exp. (4 salaries)

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₹3.6 L/yr - ₹9 L/yr

arrow icon 33% less
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Kotak Mahindra Bank Recovery Manager Salary

1 - 14 years exp. (25 salaries)

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₹1.8 L/yr - ₹8.2 L/yr

arrow icon 39% less
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IndusInd Bank Recovery Manager Salary

13 - 17 years exp. (3 salaries)

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₹8.5 L/yr - ₹11 L/yr

arrow icon 24% more
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IDFC FIRST Bank Recovery Manager Salary

1 - 10 years exp. (65 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 2% more
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RBL Bank Recovery Manager Salary

0 - 12 years exp. (11 salaries)

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₹3.3 L/yr - ₹11 L/yr

arrow icon 19% less
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IDBI Bank Recovery Manager Salary

7 - 16 years exp. (5 salaries)

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₹10.8 L/yr - ₹15.5 L/yr

arrow icon 81% more
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Bandhan Bank Recovery Manager Salary

1 - 13 years exp. (4 salaries)

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₹1.8 L/yr - ₹6 L/yr

arrow icon 49% less
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Karur Vysya Bank Recovery Manager Salary

5 - 12 years exp. (4 salaries)

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₹7 L/yr - ₹8.6 L/yr

arrow icon 5% more

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Recovery Manager salary at HDFC Bank ranges between ₹3.5 Lakhs to ₹13.5 Lakhs per year for employees with experience between 5 years to 18 years. Salary estimates are based on 17 latest salaries received from various employees of HDFC Bank.

Latest annual salaries shared by HDFC Bank Recovery Manager

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7 years exp.
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Experience wise HDFC Bank Recovery Manager salaries

Last Updated: 8 Feb 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹10.8 L/yr
6 years  (3 salaries)

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₹3.5 L/yr - ₹11.2 L/yr
7 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹7.8 L/yr
View all

Similar Designation salaries in HDFC Bank

Cluster Manager Salary
(24 salaries)
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₹5 L/yr - ₹20 L/yr
Deputy Manager Salary
(15.1k salaries)
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₹2 L/yr - ₹10.8 L/yr
Debt Manager Salary
(46 salaries)
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₹3.5 L/yr - ₹9.25 L/yr
Agency Manager Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Area Manager Salary
(84 salaries)
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₹4.65 L/yr - ₹19.65 L/yr
Area Debt Manager Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr
Branch Manager Salary
(1.6k salaries)
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₹6.5 L/yr - ₹23 L/yr
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₹3 L/yr - ₹11.05 L/yr
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₹2.05 L/yr - ₹12.5 L/yr
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₹6.27 L/yr - ₹22 L/yr

Top skills at HDFC Bank for Recovery Manager

Collections DRT Recovery Management Npa Management Recovery Debt Recovery Criminal Legal Drafting Criminal Cases Banking Recovery Matters
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Salary related reviews for HDFC Bank

3.0

Rated by 9 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 09 Feb 2025

2.0
 for  Salary and Benefits

Likes

1.Good brand value in market. 2.Variety of products.

  • Skill development - Good
  • +1 more

Dislikes

1. They demands multiple products to sell at same time. 2. Senior managers are taking very high salary with less productive and ideas and they just do 2-3 hrs concall with staffs every day. 3. Unwanted pressure on so many things.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 06 Feb 2025

5.0
 for  Salary and Benefits

Likes

strong brand reputation, dynamic work environment, excellent learning and development opportunities, supportive culture, focus on customer service, good career growth prospects, competitive compensation, and the ability to develop strong sales and financial management skills

read more
  • Salary - Excellent
  • +6 more

Dislikes

SALARY ISSUE

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

read more
  • 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;

read more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 04 Dec 2024

4.0
 for  Salary and Benefits

Likes

All are good job security, work life balance, Job satisfaction, Skills and knowledge development, these are all is good

  • Salary - Good
  • +6 more

Dislikes

Salary is not good. This company is a few things restricted to incentive and bonus and employee service not good. I am not satisfaction. These are all not good

read more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 09 Oct 2024

2.0
 for  Salary and Benefits

Likes

Salary comes on time.

Dislikes

There is no one in the bank to explain And the ones that are old, new people treat them differently, & Timing is a big issue, like coming to the bank is on time but leaving is not fixed And there is a lot more to write but it cannot be completed in one line

read more
  • Salary - Poor
  • +5 more
see more salary related reviews

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HDFC Bank Recovery Manager Salary FAQs

What is the salary of Recovery Manager at HDFC Bank?
Recovery Manager salary at HDFC Bank in India ranges between ₹3.5 Lakhs to ₹13.5 Lakhs for experience between 5 years to 18 years. According to our estimates it is 40% more than the average Recovery Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of HDFC Bank India.
How does the salary of a Recovery Manager at HDFC Bank India compare with the average salary range for this job?
The average salary of a Recovery Manager at HDFC Bank is 40% more 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 HDFC Bank?
Collections, DRT, Recovery Management, Npa Management and Recovery are some of the popular skills required to work as a Recovery Manager at HDFC Bank India.
Which similar companies are paying more than HDFC Bank to a Recovery Manager in India?
  • IDBI Bank Recovery Manager Salary - ₹10.8 Lakhs to ₹15.5 Lakhs per year
  • IndusInd Bank Recovery Manager Salary - ₹8.5 Lakhs to ₹11.0 Lakhs per year
  • Karur Vysya Bank Recovery Manager Salary - ₹7.0 Lakhs to ₹8.6 Lakhs per year
  • IDFC FIRST Bank Recovery Manager Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
What is the salary of a Recovery Manager in companies similar to HDFC Bank in India?
  • ICICI Bank Recovery Manager Salary - ₹5.5 Lakhs to ₹9.0 Lakhs per year
  • RBL Bank Recovery Manager Salary - ₹3.3 Lakhs to ₹11.0 Lakhs per year
  • Axis Bank Recovery Manager Salary - ₹3.6 Lakhs to ₹9.0 Lakhs per year
  • Kotak Mahindra Bank Recovery Manager Salary - ₹1.8 Lakhs to ₹8.2 Lakhs per year
  • Bandhan Bank Recovery Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Recovery Manager at HDFC Bank in India?
The estimated take-home salary of a Recovery Manager at HDFC Bank ranges between ₹55,909 per month to ₹57,310 per month in India. The take-home salary calculation is based on the average HDFC Bank Recovery Manager salary in India which ranges between ₹3.5 Lakhs to ₹13.5 Lakhs per year for employees with experience between 5 years to 18 years. Check how did we calculate take home salary?
What is the notice period for Recovery Manager at HDFC Bank?
According to AmbitionBox, 71% of the HDFC Bank Recovery Managers reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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HDFC Bank Recovery Manager salary in India ranges between ₹3.5 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 HDFC Bank latest salaries received from various employees of HDFC Bank.