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Indian Bank Recovery Officer salaries in India

Annual salary range
0 - 5 years exp.
₹1 Lakh - ₹4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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At par with the average Recovery Officer Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

Marketing & Communication
Recovery Officer Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Recovery Officer Salary
Fresher (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.1 L/yr

Last Updated: 3 Jun 2023

Companies similar to Indian Bank for Recovery Officer

Company name Avg Annual Salary Open Jobs
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HDFC Bank Recovery Officer Salary

0 - 7 years exp. (34 salaries)

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₹1.2 L/yr - ₹4.5 L/yr

arrow icon 13% more
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ICICI Bank Recovery Officer Salary

1 - 8 years exp. (14 salaries)

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₹1.5 L/yr - ₹3.4 L/yr

arrow icon 5% less
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Axis Bank Recovery Officer Salary

1 - 4 years exp. (5 salaries)

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₹2.2 L/yr - ₹2.5 L/yr

arrow icon 5% less
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Punjab National Bank Recovery Officer Salary

3 - 11 years exp. (4 salaries)

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₹1.6 L/yr - ₹5 L/yr

arrow icon 45% more
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Bank of Baroda Recovery Officer Salary

0 - 3 years exp. (4 salaries)

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₹1 L/yr - ₹2.4 L/yr

arrow icon 32% less
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Kotak Mahindra Bank Recovery Officer Salary

0 - 5 years exp. (15 salaries)

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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 11% less
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IDBI Bank Recovery Officer Salary

10 - 14 years exp. (3 salaries)

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₹14 L/yr - ₹19 L/yr

arrow icon 591% more
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₹1.3 L/yr - ₹2.9 L/yr

arrow icon 7% less
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₹1.7 L/yr - ₹3.8 L/yr

arrow icon 7% more
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Bandhan Bank Recovery Officer Salary

0 - 5 years exp. (10 salaries)

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₹1.4 L/yr - ₹3 L/yr

arrow icon 18% less
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IDFC FIRST Bank Recovery Officer Salary

1 - 4 years exp. (8 salaries)

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₹2 L/yr - ₹3 L/yr

arrow icon 6% less
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₹2.1 L/yr - ₹2.9 L/yr

arrow icon 10% less
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IndusInd Bank Recovery Officer Salary

1 - 3 years exp. (5 salaries)

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₹1.8 L/yr - ₹2.5 L/yr

arrow icon 17% less
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₹2.2 L/yr - ₹3 L/yr

arrow icon 9% more
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₹2.4 L/yr - ₹5 L/yr

arrow icon 55% more
Recovery Officer salary at Indian Bank ranges between ₹1 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Bank.

Latest annual salaries shared by Indian Bank Recovery Officer

1y ago
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1 year exp.
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3 months exp.
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4 years exp.

Experience wise Indian Bank Recovery Officer salaries

Last Updated: 3 Jun 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1 L/yr - ₹2.2 L/yr
1 year (AmbitionBox Estimate)

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₹0.7 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹3.5 L/yr
View all

Similar Designation salaries in Indian Bank

Sales Officer Salary
(3 salaries)
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₹2.2 L/yr - ₹2.7 L/yr
Collection Officer Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr
Deputy Manager Salary
(4 salaries)
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₹5.1 L/yr - ₹18 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹0.5 L/yr - ₹0.7 L/yr
Branch Manager Salary
(98 salaries)
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₹5.95 L/yr - ₹20.9 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.7 L/yr
Sales Executive Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Team Lead Salary
(3 salaries)
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₹4.7 L/yr - ₹18 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr
Account Assistant Salary
(AmbitionBox Estimate)
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₹1.3 L/yr - ₹1.6 L/yr

Salary related reviews for Indian Bank

BFSI, Investments & Trading Department

3.0
  •  posted on 19 Mar 2022

4.0
 for  Salary and Benefits

Likes

Job security, some of good Managers, Salary and Compensation is good. Its a government job but culture is quite like private job.

read more

Dislikes

Very much shortage of Staff, Some of the Mangement staff Behaviour is rude and Superior behaves like bossy. Too much workload due to immensely shortage of Staff. Bad promotion policy . Not all the time deserving candidate gets promotion. Transfer policy is poor. They do not consider your request unless you know someone who has influence.

read more

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 24 Jul 2024

4.0
 for  Salary and Benefits

Likes

Salary and allowances are decent. And if you are lucky enough to get a good manager, you life will be good.

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Dislikes

Extremely bad work culture. Huge burden of targets, even new joinees are not spared! They won't give you an opportunity to learn, they only care about their business figures! Bad postings in unlivable rural areas. Yes perks and allowances are good, but often times you have to beg them to get those. Corrupt practices undertaken by HRM section, people of certain communities are given preference over the other. And if you dare to raise your voice against such injustice, you will be harassed even more.

read more

Full Time

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BFSI, Investments & Trading Department

1.0
  •  posted on 05 Jul 2024

3.0
 for  Salary and Benefits

Likes

Salary in PSBs is the only thing you can term as a positive.

Dislikes

Work life balance is non existent. Management will bluntly put it that they do not care about your health or mental condition. Targets are unrealistic and everybody is out to pressurize branches as much possible, even encouraging unethical and fraudulent practices. HR is non existent. You will be forced to work long hours to satisfy the ego of the management. Join at your own risk.

read more

Full Time

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BFSI, Investments & Trading Department

4.0
  •  posted on 23 Mar 2022

3.0
 for  Salary and Benefits

Likes

...f diversified roles in various verticals along different geographical locations.The employees enjoy several Perks and allowances alongside their salary.It has a great job security and social status too.

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Dislikes

The job can be a bit monotonus and repetitive at times. The salary is decent at first but the growth is stagnant after a time period. The far off rural postings brings several challenges and hardships too. The transfers are frequent.

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Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 17 Jun 2023

3.0
 for  Salary and Benefits

Likes

Job Safety, health insurance, decent salary. Simple Interest on loans for staff and 1% higher interest for staff on deposits.

read more

Dislikes

Promotion is based on buttering GMs and seniors. Promotion interview marks are noted in pencil and then changed once it reached corporate office based on above criterion. Very few specialist officers are given promotion, preference if only for POs; DO NOT join as specialist officer if you are looking for career growth. Random transferring away from home. Branch Managers are excessively pressurized.

read more
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Indian Bank Recovery Officer Salary FAQs

What is the salary of Recovery Officer at Indian Bank?
Recovery Officer salary at Indian Bank in India ranges between ₹1.0 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Bank India.
Which similar companies are paying more than Indian Bank to a Recovery Officer in India?
  • IDBI Bank Recovery Officer Salary - ₹14.0 Lakhs to ₹19.0 Lakhs per year
  • Central Bank of India Recovery Officer Salary - ₹2.4 Lakhs to ₹5.0 Lakhs per year
  • Punjab National Bank Recovery Officer Salary - ₹1.6 Lakhs to ₹5.0 Lakhs per year
  • HDFC Bank Recovery Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year
  • Ujjivan Small Finance Bank Recovery Officer Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
What is the salary of a Recovery Officer in companies similar to Indian Bank in India?
  • Equitas Small Finance Bank Recovery Officer Salary - ₹1.7 Lakhs to ₹3.8 Lakhs per year
  • Axis Bank Recovery Officer Salary - ₹2.2 Lakhs to ₹2.5 Lakhs per year
  • ICICI Bank Recovery Officer Salary - ₹1.5 Lakhs to ₹3.4 Lakhs per year
  • IDFC FIRST Bank Recovery Officer Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year
  • Jana Small Finance Bank Recovery Officer Salary - ₹1.3 Lakhs to ₹2.9 Lakhs per year
What is the estimated take home salary of a Recovery Officer at Indian Bank in India?
The estimated take-home salary of a Recovery Officer at Indian Bank ranges between ₹17,579 per month to ₹19,278 per month in India. The take-home salary calculation is based on the average Indian Bank Recovery Officer salary in India which ranges between ₹1.0 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?
What is the notice period for Recovery Officer at Indian Bank?
According to AmbitionBox, 100% of the Indian Bank Recovery Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Indian Bank Recovery Officer salary in India ranges between ₹1 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Indian Bank latest salaries received from various employees of Indian Bank.