IndusInd Bank Mumbai Collections Manager Salaries by 10+ Employees (Updated 2025)

1 - 13 years exp.

₹3.6 Lakhs - ₹9 Lakhs

Salary of majority employees

10% more than the average Collections Manager Salary in Banking Companies for 1 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 1 - 13 years exp. (6 salaries)	₹3.6 L/yr - ₹9 L/yr
Finance & Accounting Collections Manager Salary 3 - 9 years exp. (AmbitionBox Estimate)	₹5.8 L/yr - ₹7 L/yr
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Risk Management & Compliance Collections Manager Salary 13 years exp. (AmbitionBox Estimate)	₹6.2 L/yr - ₹8.5 L/yr

Last Updated: 13 Feb 2025

Companies similar to IndusInd Bank for Collections Manager in Mumbai

IndusInd Bank Collections Manager Salary

1 - 13 years exp. (11 salaries)

₹3.6 L/yr - ₹9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 2 - 18 years exp. (81 salaries)	₹2.9 L/yr - ₹10.5 L/yr 12% more	2 job openings
ICICI Bank Collections Manager Salary 3 - 13 years exp. (18 salaries)	₹4.1 L/yr - ₹11 L/yr 18% more
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Axis Bank Collections Manager Salary 8 - 12 years exp. (8 salaries)	₹4.4 L/yr - ₹9.2 L/yr 19% more
Kotak Mahindra Bank Collections Manager Salary 3 - 14 years exp. (33 salaries)	₹3.1 L/yr - ₹9 L/yr 3% less
Yes Bank Collections Manager Salary 4 - 15 years exp. (12 salaries)	₹4.2 L/yr - ₹10.4 L/yr 24% more	1 job opening
IDFC FIRST Bank Collections Manager Salary 1 - 11 years exp. (56 salaries)	₹3 L/yr - ₹10 L/yr 2% more
RBL Bank Collections Manager Salary 6 - 11 years exp. (8 salaries)	₹2.5 L/yr - ₹8.5 L/yr 6% less
DCB Bank Collections Manager Salary 3 - 14 years exp. (8 salaries)	₹2.2 L/yr - ₹9.2 L/yr 21% less
Bandhan Bank Collections Manager Salary 2 - 9 years exp. (5 salaries)	₹4 L/yr - ₹9.9 L/yr 11% less
Jana Small Finance Bank Collections Manager Salary 3 - 8 years exp. (4 salaries)	₹2.1 L/yr - ₹4.3 L/yr 41% less

Collections Manager salary at IndusInd Bank ranges between ₹3.6 Lakhs to ₹9 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 11 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Collections Manager salaries in Mumbai

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.6 L/yr - ₹9.5 L/yr
2 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
5 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.9 L/yr
7 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹9 L/yr
9 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7 L/yr
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹12.3 L/yr
12 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹8.5 L/yr

View all

Similar Designation salaries in IndusInd Bank

Relationship Manager Salary

(214 salaries)

₹3.5 L/yr - ₹13.98 L/yr

Branch Manager Salary

(79 salaries)

₹8.88 L/yr - ₹27.85 L/yr

Area Collection Manager Salary

(3 salaries)

₹6 L/yr - ₹14.7 L/yr

Top skills at IndusInd Bank for Collections Manager

Collection Management Team Management Collections Loan Recovery Operations Management Customer Service Risk Management Credit Cards Order to Cash Credit Control Accounts Receivable Credit Collection Credit Management Business Development Team Handling

Salary related reviews for IndusInd Bank

2.9

Rated by 4 employees for salary & benefits

Collections Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 02 Nov 2020

4.0

for Salary and Benefits

Likes

In these tough times IndusInd has supported us very diligently with no pay cuts, no job loss no lay offs till now! Above all work environment is very good.

Salary - Good

+6 more

Dislikes

There is hardly any disliking factor that I have noticed in the past 1.5-1.6 years as of now. Overall it has been a nice journey

Deputy Manager Grade 2 in Chennai

Full Time

Legal & Regulatory Department

3.0

• posted on 10 Feb 2025

2.0

for Salary and Benefits

Likes

Some managers are nice, Saturdays are off Flexible timings Work life balance is fine. Job security if u work really well.

Job security - Good

+2 more

Dislikes

No Salary hike. Even house help can get more hike than here promotion Skill development Managers can be annoying They will dump more work on person who works efficiently others can enjoy with no work and salary. Salary increment very poor even for the person gets amazing Performance ratings. No promotion also.

Salary - Poor

+2 more

Sales Executive in Jabalpur

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 22 Jan 2025

1.0

for Salary and Benefits

Likes

Worst company ...there is no working as per professionally not satisfactory salary, not a company to work

Dislikes

Dislikes about working in indusind banks are alot words are less to describe how bad experience will be in indusind bank ..if someone is willing to work in indusind bank...I would suggest don't waste your precious experience and time in working indusind bank ..try out somewhere else...you will be more ...satisfied working in some other company ...

Salary - Bad

+6 more

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 Dec 2024

1.0

for Salary and Benefits

Likes

Less pressure than other bank.

Dislikes

...mers like other banks whose basic account starts from rs 2500 like bandhan Bank.And the salary hike is very very low like negligible.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 04 Dec 2024

2.0

for Salary and Benefits

Likes

Job security, salary on time

Job security - Good

Dislikes

At Opus center, Mumbai, Work culture is very pathetic, the super Manager raises issues which are not even required and are small. Work life balance is poor. Hasim Shaikh is Therki and favour majority female employees. Promotion is poorly done.

Salary - Poor

+3 more

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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IndusInd Bank Collections Manager Salary FAQs

What is the salary of Collections Manager at IndusInd Bank Mumbai?

Collections Manager salary at IndusInd Bank in Mumbai ranges between ₹3.6 Lakhs to ₹9.0 Lakhs for experience between 1 years to 13 years. According to our estimates it is 10% more than the average Collections Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of IndusInd Bank Mumbai.

How does the salary of a Collections Manager at IndusInd Bank Mumbai compare with the average salary range for this job?

The average salary of a Collections Manager at IndusInd Bank is 10% more than the average salary of a Collections Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Collections Manager at IndusInd Bank?

Collection Management, Team Management, Collections, Loan Recovery and Operations Management are some of the popular skills required to work as a Collections Manager at IndusInd Bank Mumbai.

Which similar companies are paying more than IndusInd Bank to a Collections Manager in Mumbai?

Yes Bank Collections Manager Salary - ₹4.2 Lakhs to ₹10.4 Lakhs per year
Axis Bank Collections Manager Salary - ₹4.4 Lakhs to ₹9.2 Lakhs per year
ICICI Bank Collections Manager Salary - ₹4.1 Lakhs to ₹11.0 Lakhs per year
HDFC Bank Collections Manager Salary - ₹2.9 Lakhs to ₹10.5 Lakhs per year
IDFC FIRST Bank Collections Manager Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Collections Manager in companies similar to IndusInd Bank in Mumbai?

Kotak Mahindra Bank Collections Manager Salary - ₹3.1 Lakhs to ₹9.0 Lakhs per year
RBL Bank Collections Manager Salary - ₹2.5 Lakhs to ₹8.5 Lakhs per year
Bandhan Bank Collections Manager Salary - ₹4.0 Lakhs to ₹9.9 Lakhs per year
DCB Bank Collections Manager Salary - ₹2.2 Lakhs to ₹9.2 Lakhs per year
Jana Small Finance Bank Collections Manager Salary - ₹2.1 Lakhs to ₹4.3 Lakhs per year

What is the estimated take home salary of a Collections Manager at IndusInd Bank in Mumbai?

The estimated take-home salary of a Collections Manager at IndusInd Bank ranges between ₹48,066 per month to ₹49,204 per month in Mumbai. The take-home salary calculation is based on the average IndusInd Bank Collections Manager salary in India which ranges between ₹3.6 Lakhs to ₹9.0 Lakhs per year for employees with experience between 1 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Collections Manager at IndusInd Bank in Mumbai?

According to AmbitionBox, 88% of the IndusInd Bank Collections Managers in Mumbai reported a notice period of 3 Months, 12% reported a notice period of 1 Month.This is based on 8 responses on AmbitionBox in last 2 years.

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IndusInd Bank Collections Manager Salaries in Mumbai

IndusInd Bank Collections Manager salary in Mumbai ranges between ₹3.6 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 IndusInd Bank latest salaries received from various employees of IndusInd Bank.