Mahindra Finance Recovery Agent Salaries by 4 Employees

1 - 3 years exp.

₹1.5 Lakh - ₹2.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

11% less than the average Recovery Agent Salary in NBFC Companies for 1 - 3 years of experience

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Last Updated: 9 Oct 2024

Companies similar to Mahindra Finance for Recovery Agent

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Recovery Agent Salary 0 - 6 years exp. (54 salaries)	₹1 L/yr - ₹4 L/yr 13% more
HDB Financial Services Recovery Agent Salary 1 - 3 years exp. (14 salaries)	₹1.5 L/yr - ₹3 L/yr 4% more
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TVS Credit Recovery Agent Salary 0 - 3 years exp. (5 salaries)	₹1.9 L/yr - ₹2.5 L/yr 10% less
Bharat Financial Inclusion Recovery Agent Salary 1 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹3.6 L/yr 35% more
CreditAccess Grameen Recovery Agent Salary 0 - 2 years exp. (4 salaries)	₹1.5 L/yr - ₹2.6 L/yr 4% less
Manappuram Finance Recovery Agent Salary 0 - 6 years exp. (3 salaries)	₹1.2 L/yr - ₹1.8 L/yr 35% less
PNB Housing Finance Recovery Agent Salary 2 - 5 years exp. (3 salaries)	₹1 L/yr - ₹2.8 L/yr 3% less
SMFG India Credit Recovery Agent Salary 2 years exp. (3 salaries)	₹0.2 L/yr - ₹0.2 L/yr 91% less

Recovery Agent salary at Mahindra Finance ranges between ₹1.5 Lakh to ₹2.9 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Recovery Agent salaries

Last Updated: 9 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹2.9 L/yr
2 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.9 L/yr
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3 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.2 L/yr

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Salary related reviews for Mahindra Finance

5.0

Rated by 1 employees for salary & benefits

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Collection Officer in Dehradoon

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

There is nothing to say on this matter... Because its really unworthy to work on this company.

Dislikes

...ny. 4- high authority recommended person will get promoted rather than others. 5- doesn't want to pay their employes good enough as others companies do 6- very poor incentive slabs and criteria. Many more........things to be change..

Salary - Bad

+5 more

Finance Executive in Haryana ,Rohtak

BFSI, Investments & Trading Department

4.0

• posted on 01 May 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and but they give low salary hike and but bonus every year.

Salary - Good

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a no bond of 2 years before which you cannot resign. On the job training is given to new joinees.

Job security - Bad

see more salary related reviews

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Mahindra Finance Recovery Agent Salary FAQs

What is the salary of Recovery Agent at Mahindra Finance ?

The average salary of a Recovery Agent at Mahindra Finance in India typically ranges from ₹1.5 Lakhs to ₹2.9 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Recovery Agent at Mahindra Finance earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹2.9 Lakhs per year. Recovery Agent Salaries at Mahindra Finance 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 4 Mahindra Finance employees in India.

What is the estimated take home salary of a Recovery Agent at Mahindra Finance in India?

The estimated take-home salary of a Recovery Agent at Mahindra Finance in India typically ranges from ₹14,997 to ₹16,564 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.9 Lakhs per year for employees with experience ranging from 1 year to 3 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 4 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Recovery Agent in India?

Bharat Financial Inclusion	₹1.9 Lakhs to ₹3.6 Lakhs per year
Bajaj Finance	₹1.0 Lakhs to ₹4.0 Lakhs per year
HDB Financial Services	₹1.5 Lakhs to ₹3.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Finance, depending on the role and experience level.

What is the salary of a Recovery Agent in companies similar to Mahindra Finance in India?

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

PNB Housing Finance	₹1.0 Lakhs to ₹2.8 Lakhs per year
CreditAccess Grameen	₹1.5 Lakhs to ₹2.6 Lakhs per year
TVS Credit	₹1.9 Lakhs to ₹2.5 Lakhs per year
Manappuram Finance	₹1.2 Lakhs to ₹1.8 Lakhs per year
SMFG India Credit	₹0.2 Lakhs to ₹0.2 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 Agent at Mahindra Finance in India?

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

Experience	Average Salary Range
1 year	₹1.0 Lakhs to ₹2.9 Lakhs per year
2 years	₹1.5 Lakhs to ₹3.9 Lakhs per year
3 years	₹0.8 Lakhs to ₹2.2 Lakhs per year

and so on.

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Mahindra Finance Recovery Agent Salaries

Mahindra Finance Recovery Agent salary in India ranges between ₹1.5 Lakh to ₹2.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.