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ICICI Bank Collections Manager salaries in Mumbai (Updated 2025)

Annual salary range
3 - 13 years exp.
₹4.1 Lakhs - ₹11 Lakhs
Salary of majority employees
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Fixed (86%)
₹6.4 Lakhs
Variable (14%)
₹1.0 Lakh
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30% more than the average Collections Manager Salary in Banking Companies for 3 - 13 years of experience

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Salaries in different departments

Finance & Accounting
Collections Manager Salary
3 - 13 years exp. (6 salaries)
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₹4.2 L/yr - ₹8.1 L/yr

BFSI, Investments & Trading
Collections Manager Salary
5 - 12 years exp. (5 salaries)
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₹4.1 L/yr - ₹11 L/yr

Customer Success, Service & Operations
Collections Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹6.3 L/yr - ₹9 L/yr

Risk Management & Compliance
Collections Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹9.5 L/yr

Last Updated: 2 Mar 2025

Companies similar to ICICI Bank for Collections Manager in Mumbai

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ICICI Bank Collections Manager Salary

3 - 13 years exp. (18 salaries)

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₹4.1 L/yr - ₹11 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Collections Manager Salary

2 - 18 years exp. (81 salaries)

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₹2.9 L/yr - ₹10.5 L/yr

arrow icon 3% less
7 job openings
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IDFC FIRST Bank Collections Manager Salary

1 - 11 years exp. (54 salaries)

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₹3 L/yr - ₹9 L/yr

arrow icon 17% less
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Kotak Mahindra Bank Collections Manager Salary

3 - 14 years exp. (33 salaries)

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₹3.1 L/yr - ₹9 L/yr

arrow icon 18% less
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Yes Bank Collections Manager Salary

4 - 15 years exp. (13 salaries)

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₹4.2 L/yr - ₹10.4 L/yr

arrow icon 3% more
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IndusInd Bank Collections Manager Salary

1 - 13 years exp. (10 salaries)

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₹3.6 L/yr - ₹9 L/yr

arrow icon 10% less
19 job openings
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RBL Bank Collections Manager Salary

6 - 11 years exp. (8 salaries)

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₹2.5 L/yr - ₹8.5 L/yr

arrow icon 21% less
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Axis Bank Collections Manager Salary

8 - 12 years exp. (8 salaries)

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₹4.4 L/yr - ₹15 L/yr

arrow icon 17% more
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Bandhan Bank Collections Manager Salary

2 - 9 years exp. (5 salaries)

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₹4 L/yr - ₹9.9 L/yr

arrow icon 19% less
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₹3 L/yr - ₹3.5 L/yr

arrow icon 53% less
Collections Manager salary at ICICI Bank ranges between ₹4.1 Lakhs to ₹11 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 18 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Collections Manager in Mumbai

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9 years exp.
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13 years exp.
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9 years exp.
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10 years exp.
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8 years exp.

Experience wise ICICI Bank Collections Manager salaries in Mumbai

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.7 L/yr
4 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7 L/yr
5 years  (3 salaries)

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₹4.1 L/yr - ₹11.4 L/yr
6 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
7 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹7.9 L/yr
View all

Similar Designation salaries in ICICI Bank

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₹3 L/yr - ₹11.43 L/yr
Branch Manager Salary
(222 salaries)
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₹6.27 L/yr - ₹25.06 L/yr
Debt Manager Salary
(37 salaries)
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₹4 L/yr - ₹10 L/yr
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₹7.2 L/yr - ₹15 L/yr
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₹15.8 L/yr - ₹25 L/yr

Top skills at ICICI Bank for Collections Manager

Finance Collections Time Management Audit Compliance Collection Management Auditing Service management Banking Recovery Credit Collection Credit Control

Salary related reviews for ICICI Bank

4.7

Rated by 6 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 14 Mar 2025

2.0
 for  Salary and Benefits

Likes

Very focused on Skill development, no boss management culture, lots of data oriented actionable taken, very tech savvy and technology oriented, Strong HR policies.

read more
  • Skill development - Good
  • +1 more

Dislikes

...gement. Decision made only upon statistical reference instead of ground reality. Very poor compensation policy, no incentive or rating culture. Man marking, staff usages, proper staff onboarding, training and monitoring are missing. Depth not there to generate more business, thus missing out market share in most of the non metro or semi urban location.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 20 Feb 2025

4.0
 for  Salary and Benefits

Likes

Good to work on icici

  • Salary - Good
  • +3 more

Dislikes

...and audit teams are involving the branches and wrong potrait to super officials. Low level lady staff are working for only salary not for organisation. They will escalate the small things to HR also.

read more

Full Time

 · 

Engineering - Software & QA Department

2.0
  •  posted on 02 Feb 2025

1.0
 for  Salary and Benefits

Likes

Bank Is Good But Many Peoples Are there is Old But Knowledge Less And Bank Haer Other Bank Employees Maximum Package And There Knowlege level is not up to the Mark. And old Employees struggling.

read more
  • Job security - Excellent
  • +1 more

Dislikes

Many Other Employee they Are hard working But New Comers are High Salary And old Employees Are Less Salary. So culture is Disaster, Because Of salary Defferent.

read more
  • Salary - Bad
  • +3 more

Full Time

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IT & Information Security Department

4.0
  •  posted on 01 Feb 2025

3.0
 for  Salary and Benefits

Likes

Job Security

  • Job security - Good

Dislikes

I have concerns regarding ICICI Bank's compensation and work culture. Specifically: - Salary: The bank offers significantly lower salaries (4-6 LPA) to Tier 3 college graduates with 5-6 years of experience, including B.Tech/M.Tech degrees, compared to freshers from top-tier1 colleges for similar work. - Workload: Employees are often overloaded with excessive work, leading to undue stress. - Bias: There appears to be a bias towards hiring and promoting graduates from Tier 1 colleges. - Promotion and hikes: Opportunities for growth and salary increases seem limited. - Work environment: Some senior managers allegedly create a toxic work environment, exhibiting unprofessional behavior towards female employees and using aggressive language. - Leave policies: Junior employees are often denied leave, including PL, CL, and sick leave, while senior managers enjoy their weekends and week days as well. - Business ethics: The bank's management practices seem to lack business ethics and morals towards gender specific. - Expectation of constant availability: Junior employees, including those in Designation/Department (DE), are expected to be available 24/7, including weekends (Saturdays and Sundays) and off-days, which is unsustainable and blurs the line between personal and professional life. - No compensation for extra work: Employees are not provided with compensatory off (comp-off) for working extra days or hours, leading to burnout and impacting work-life balance.

read more
  • Work satisfaction - Poor
  • +1 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 17 Dec 2024

3.0
 for  Salary and Benefits

Likes

*Unlimited sick leaves

  • Job security - Excellent

Dislikes

People, leadership, sick leaves not approved - causing loss of pay, unorganised, manual data entry, ancient systems, frequent pointless meetings and have no clear agenda that stretch beyond 1 hr (max. 5 hrs), no work from home almost always required to work from anywhere on sick leave, have strict login and logout times,

read more
  • Work satisfaction - Poor
  • +1 more
see more salary related reviews

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ICICI Bank Collections Manager Salary FAQs

What is the salary of Collections Manager at ICICI Bank in Mumbai?
The average salary of a Collections Manager at ICICI Bank in Mumbai typically ranges from ₹4.1 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of Collections Manager in Mumbai at ICICI Bank earn more than ₹10.1 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Collections Manager Salaries at ICICI 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+ ICICI Bank employees in India.
What is the estimated take home salary of a Collections Manager at ICICI Bank in Mumbai?
The estimated take-home salary of a Collections Manager at ICICI Bank in Mumbai typically ranges from ₹55,376 to ₹56,762 per month. This is based on the average salary range of ₹4.1 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 3 years to 13 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 ICICI 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 ICICI Bank in Mumbai?
To be a Collections Manager at ICICI Bank in Mumbai, the key skills required include:

  • - Finance
  • - Collections
  • - Time Management
  • - Audit Compliance
  • - Collection Management

These skills are highly valued at ICICI Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Bank for Collections Manager in India?
Axis Bank ₹4.4 Lakhs to ₹15.0 Lakhs per year
Yes Bank ₹4.2 Lakhs to ₹10.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Bank, depending on the role and experience level.
What is the salary of a Collections Manager in companies similar to ICICI Bank in Mumbai?
The salary of a Collections Manager at companies similar to ICICI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank ₹2.9 Lakhs to ₹10.5 Lakhs per year
IndusInd Bank ₹3.6 Lakhs to ₹9.0 Lakhs per year
IDFC FIRST Bank ₹3.0 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Bank ₹3.1 Lakhs to ₹9.0 Lakhs per year
Bandhan Bank ₹4.0 Lakhs to ₹9.9 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 ICICI Bank in Mumbai?
The salary growth for a Collections Manager at ICICI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Collections Manager in Mumbai can expect the following growth trajectory at ICICI Bank:

Experience Average Salary Range
3 years ₹5.2 Lakhs to ₹6.7 Lakhs per year
4 years ₹5.5 Lakhs to ₹7.0 Lakhs per year
5 years ₹4.1 Lakhs to ₹11.4 Lakhs per year
6 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Bank Collections Manager salary in Mumbai ranges between ₹4.1 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 ICICI Bank latest salaries received from various employees of ICICI Bank.