HDFC Bank Recovery Manager Salaries by 10+ Employees (Updated 2025)

5 - 18 years exp.

₹3.5 Lakhs - ₹13.5 Lakhs

Salary of majority employees

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)	₹3.5 L/yr - ₹13.5 L/yr
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Risk Management & Compliance Recovery Manager Salary 6 - 15 years exp. (3 salaries)	₹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
IDFC FIRST Bank Recovery Manager Salary 1 - 10 years exp. (65 salaries)	₹4 L/yr - ₹10 L/yr 2% more
Kotak Mahindra Bank Recovery Manager Salary 1 - 14 years exp. (23 salaries)	₹1.8 L/yr - ₹8.4 L/yr 38% less
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RBL Bank Recovery Manager Salary 0 - 12 years exp. (11 salaries)	₹3.3 L/yr - ₹11 L/yr 19% less
IDBI Bank Recovery Manager Salary 7 - 16 years exp. (5 salaries)	₹10.8 L/yr - ₹15.5 L/yr 81% more
ICICI Bank Recovery Manager Salary 2 - 13 years exp. (5 salaries)	₹5.5 L/yr - ₹9 L/yr 5% less
Bandhan Bank Recovery Manager Salary 1 - 14 years exp. (4 salaries)	₹1.8 L/yr - ₹6 L/yr 49% less
Karur Vysya Bank Recovery Manager Salary 5 - 12 years exp. (4 salaries)	₹7 L/yr - ₹8.6 L/yr 5% more
Axis Bank Recovery Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹9 L/yr 33% less
IndusInd Bank Recovery Manager Salary 13 - 17 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 24% more	1 job opening

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.

Experience wise HDFC Bank Recovery Manager salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10.8 L/yr
6 years (3 salaries)	₹3.5 L/yr - ₹11.2 L/yr
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7 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.8 L/yr
10 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.8 L/yr
11 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
12 years (AmbitionBox Estimate)	₹7 L/yr - ₹9.8 L/yr
13 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
14 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹14.6 L/yr
15+ years (4 salaries)	₹7.3 L/yr - ₹13.5 L/yr

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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

Salary related reviews for HDFC Bank

3.0

Rated by 9 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 25 Mar 2025

2.0

for Salary and Benefits

Likes

Don't have anything to like here

Dislikes

No Work life balance here No opportunity for skill development. No proper salary hike If you and family suffering from anything and u not providing proper productivity due any issue then don't have job security.

Salary - Poor

+5 more

Deputy Manager in Guwahati (working remotely)

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.

Salary - Poor

+1 more

Sales Executive in Jabalpur (working remotely)

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

Salary - Excellent

+6 more

Dislikes

SALARY ISSUE

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;

Deputy Manager in Chennai

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

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HDFC Bank Recovery Manager Salary FAQs

What is the salary of Recovery Manager at HDFC Bank ?

The average salary of a Recovery Manager at HDFC Bank in India typically ranges from ₹3.5 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 5 years to 18 years).

The top 10% of Recovery Manager at HDFC Bank earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.5 Lakhs per year. Recovery 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 10+ HDFC Bank employees in India.

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 in India typically ranges from ₹55,962 to ₹57,365 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 5 years 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 10+ 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 Recovery Manager at HDFC Bank ?

To be a Recovery Manager at HDFC Bank in india, the key skills required include:

- Collections
- DRT
- Recovery Management
- Npa Management
- Recovery

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 Recovery Manager in India?

IDBI Bank	₹10.8 Lakhs to ₹15.5 Lakhs per year
IndusInd Bank	₹8.5 Lakhs to ₹11.0 Lakhs per year
Karur Vysya Bank	₹7.0 Lakhs to ₹8.6 Lakhs per year
IDFC FIRST Bank	₹4.0 Lakhs to ₹10.0 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 Recovery Manager in companies similar to HDFC Bank in India?

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

ICICI Bank	₹5.5 Lakhs to ₹9.0 Lakhs per year
RBL Bank	₹3.3 Lakhs to ₹11.0 Lakhs per year
Axis Bank	₹3.6 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Bank	₹1.8 Lakhs to ₹8.4 Lakhs per year
Bandhan Bank	₹1.8 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 HDFC Bank in India?

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

Experience	Average Salary Range
5 years	₹3.5 Lakhs to ₹10.8 Lakhs per year
6 years	₹3.5 Lakhs to ₹11.2 Lakhs per year
7 years	₹2.6 Lakhs to ₹7.5 Lakhs per year
8 years	₹2.7 Lakhs to ₹7.8 Lakhs per year

and so on.

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HDFC Bank Recovery Manager Salaries

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