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Mahindra Finance

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Mahindra Finance Recovery Officer salaries in India (Updated 2025)

Annual salary range
0 - 8 years exp.
₹1.8 Lakh - ₹3.8 Lakhs
Salary of majority employees
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At par with the average Recovery Officer Salary in NBFC Companies for 0 - 8 years of experience

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Salaries in different departments

Finance & Accounting
Recovery Officer Salary
0 - 8 years exp. (10 salaries)
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₹2.1 L/yr - ₹3.8 L/yr

BFSI, Investments & Trading
Recovery Officer Salary
2 - 7 years exp. (5 salaries)
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₹2.2 L/yr - ₹3.2 L/yr

Sales & Business Development
Recovery Officer Salary
2 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹2.8 L/yr

Last Updated: 18 Jan 2025

Companies similar to Mahindra Finance for Recovery Officer

Company name Avg Annual Salary Open Jobs
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Shriram Finance Recovery Officer Salary

1 - 8 years exp. (108 salaries)

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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 2% less
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Bajaj Finance Recovery Officer Salary

0 - 5 years exp. (40 salaries)

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₹1.8 L/yr - ₹4.3 L/yr

arrow icon 4% less
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₹1.4 L/yr - ₹4 L/yr

arrow icon 11% less
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SMFG India Credit Recovery Officer Salary

0 - 9 years exp. (12 salaries)

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₹2.8 L/yr - ₹4 L/yr

arrow icon 14% more
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₹2.3 L/yr - ₹3.3 L/yr

arrow icon 2% more
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PNB Housing Finance Recovery Officer Salary

0 - 8 years exp. (6 salaries)

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₹2.5 L/yr - ₹3.1 L/yr

arrow icon 2% less
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Muthoot Finance Recovery Officer Salary

2 - 4 years exp. (5 salaries)

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₹1.5 L/yr - ₹2.3 L/yr

arrow icon 23% less
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Sundaram Finance Recovery Officer Salary

1 - 15 years exp. (5 salaries)

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₹3.6 L/yr - ₹4.5 L/yr

arrow icon 49% more
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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 5% more
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₹2.3 L/yr - ₹3.5 L/yr

arrow icon 1% less
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Manappuram Finance Recovery Officer Salary

4 - 13 years exp. (3 salaries)

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₹2.2 L/yr - ₹4.8 L/yr

arrow icon 21% more
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₹2 L/yr - ₹3 L/yr

arrow icon 11% less
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₹2.9 L/yr - ₹3.7 L/yr

arrow icon 18% more
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L&T Finance Recovery Officer Salary

2 - 6 years exp. (3 salaries)

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₹2 L/yr - ₹2.2 L/yr

arrow icon 21% less
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Poonawalla Fincorp Recovery Officer Salary

2 - 4 years exp. (3 salaries)

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₹2.2 L/yr - ₹3 L/yr

arrow icon 6% more
Recovery Officer salary at Mahindra Finance ranges between ₹1.8 Lakh to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 27 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Recovery Officer

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Experience wise Mahindra Finance Recovery Officer salaries

Last Updated: 18 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2 L/yr - ₹4.6 L/yr
1 year (AmbitionBox Estimate)

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₹2.3 L/yr - ₹3 L/yr
2 years  (3 salaries)

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₹2 L/yr - ₹4.7 L/yr
3 years  (4 salaries)

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₹2 L/yr - ₹3.2 L/yr
4 years  (5 salaries)

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₹1.8 L/yr - ₹3.6 L/yr
View all

Similar Designation salaries in Mahindra Finance

Sales Officer Salary
(54 salaries)
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₹1.65 L/yr - ₹4.56 L/yr
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₹1.7 L/yr - ₹4.78 L/yr
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₹2.8 L/yr - ₹2.96 L/yr
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₹2.55 L/yr - ₹4.8 L/yr
Deputy Manager Salary
(317 salaries)
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₹4 L/yr - ₹12 L/yr
Sales Manager Salary
(108 salaries)
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₹2.35 L/yr - ₹9 L/yr
Branch Manager Salary
(167 salaries)
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₹1.85 L/yr - ₹9 L/yr
Accountant Salary
(82 salaries)
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₹1.2 L/yr - ₹5.25 L/yr
Sales Executive Salary
(232 salaries)
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₹1.3 L/yr - ₹4.8 L/yr
Team Lead Salary
(36 salaries)
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₹2.2 L/yr - ₹5.5 L/yr

Top skills at Mahindra Finance for Recovery Officer

Collections

Salary related reviews for Mahindra Finance

2.5

Rated by 21 employees for salary & benefits

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

So far no issues.

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

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..

read more
  • Salary - Bad
  • +5 more

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.

read more
  • 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.

read more
  • Job security - Bad

Finance & Accounting Department

5.0
  •  posted on 19 Feb 2022

5.0
 for  Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

read more
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Mahindra Finance Recovery Officer Salary FAQs

What is the salary of Recovery Officer at Mahindra Finance ?
The average salary of a Recovery Officer at Mahindra Finance in India typically ranges from ₹1.8 Lakhs to ₹3.8 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Recovery Officer at Mahindra Finance earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Recovery Officer 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 20+ Mahindra Finance employees in India.
What is the estimated take home salary of a Recovery Officer at Mahindra Finance in India?
The estimated take-home salary of a Recovery Officer at Mahindra Finance in India typically ranges from ₹19,041 to ₹20,719 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from Fresher to 8 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 20+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Recovery Officer at Mahindra Finance ?
Collections is a popular skill required to work as a Recovery Officer at Mahindra Finance.
Which companies offer higher salaries than Mahindra Finance for Recovery Officer in India?
Sundaram Finance ₹3.6 Lakhs to ₹4.5 Lakhs per year
Manappuram Finance ₹2.2 Lakhs to ₹4.8 Lakhs per year
Five-Star Business Finance ₹2.9 Lakhs to ₹3.7 Lakhs per year
SMFG India Credit ₹2.8 Lakhs to ₹4.0 Lakhs per year
Poonawalla Fincorp ₹2.2 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 Officer in companies similar to Mahindra Finance in India?
The salary of a Recovery Officer at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Mahindra Rural Housing Finance ₹2.2 Lakhs to ₹3.5 Lakhs per year
Sammaan Capital Limited ₹2.3 Lakhs to ₹3.3 Lakhs per year
Satin Creditcare Network ₹2.3 Lakhs to ₹3.5 Lakhs per year
PNB Housing Finance ₹2.5 Lakhs to ₹3.1 Lakhs per year
Shriram Finance ₹1.2 Lakhs to ₹3.8 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 Officer at Mahindra Finance in India?
The salary growth for a Recovery Officer at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Recovery Officer can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹4.6 Lakhs per year
1 year ₹2.3 Lakhs to ₹3.0 Lakhs per year
2 years ₹2.0 Lakhs to ₹4.7 Lakhs per year
3 years ₹2.0 Lakhs to ₹3.2 Lakhs per year
and so on.

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Mahindra Finance Recovery Officer salary in India ranges between ₹1.8 Lakh to ₹3.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 27 Mahindra Finance latest salaries received from various employees of Mahindra Finance.