Mahindra Finance Recovery Officer Salaries by 20+ Employees (Updated 2024)

0 - 9 years exp.

₹1.8 Lakh - ₹3.2 Lakhs

Salary of majority employees

At par with the average Recovery Officer Salary in NBFC Companies for 0 - 9 years of experience

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Salaries in different departments

Finance & Accounting Recovery Officer Salary 0 - 9 years exp. (10 salaries)	₹1.8 L/yr - ₹2.7 L/yr
BFSI, Investments & Trading Recovery Officer Salary 2 - 7 years exp. (6 salaries)	₹2.2 L/yr - ₹3.2 L/yr
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Sales & Business Development Recovery Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.9 L/yr

Last Updated: 16 Dec 2024

Companies similar to Mahindra Finance for Recovery Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Officer Salary 0 - 7 years exp. (34 salaries)	₹1.2 L/yr - ₹4.5 L/yr 11% more
ICICI Bank Recovery Officer Salary 1 - 8 years exp. (14 salaries)	₹1.5 L/yr - ₹3.4 L/yr 7% less
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Bajaj Finance Recovery Officer Salary 0 - 6 years exp. (43 salaries)	₹1.8 L/yr - ₹4.3 L/yr At par
Tata Capital Recovery Officer Salary 0 - 1 year exp. (3 salaries)	₹1.5 L/yr - ₹7.3 L/yr 41% more
Axis Bank Recovery Officer Salary 1 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹2.5 L/yr 7% less
Kotak Mahindra Bank Recovery Officer Salary 0 - 5 years exp. (15 salaries)	₹1.7 L/yr - ₹3.5 L/yr 13% less
IndusInd Bank Recovery Officer Salary 1 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹2.5 L/yr 19% less
IDFC FIRST Bank Recovery Officer Salary 1 - 4 years exp. (8 salaries)	₹2 L/yr - ₹3 L/yr 8% less
L&T Finance Recovery Officer Salary 2 - 6 years exp. (3 salaries)	₹2 L/yr - ₹2.2 L/yr 17% less
Shriram Finance Recovery Officer Salary 1 - 8 years exp. (103 salaries)	₹1.3 L/yr - ₹3.8 L/yr 1% more
Cholamandalam Investment & Finance Recovery Officer Salary 1 - 8 years exp. (14 salaries)	₹2.2 L/yr - ₹3.7 L/yr 2% more
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SMFG India Credit Recovery Officer Salary 0 - 9 years exp. (12 salaries)	₹2.8 L/yr - ₹4 L/yr 20% more
Sammaan Capital Limited Recovery Officer Salary 1 - 5 years exp. (9 salaries)	₹2.3 L/yr - ₹3.3 L/yr 7% more
Poonawalla Fincorp Recovery Officer Salary 2 - 14 years exp. (7 salaries)	₹2.2 L/yr - ₹3.3 L/yr 10% more
PNB Housing Finance Recovery Officer Salary 0 - 8 years exp. (5 salaries)	₹2.5 L/yr - ₹2.9 L/yr 2% more
Muthoot Finance Recovery Officer Salary 2 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹2.3 L/yr 19% less
Sundaram Finance Recovery Officer Salary 1 - 15 years exp. (5 salaries)	₹3.6 L/yr - ₹4.5 L/yr 57% more
Edelweiss Recovery Officer Salary 2 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 26% more
Mahindra Rural Housing Finance Recovery Officer Salary 5 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹3.5 L/yr 10% more
IIFL Finance Recovery Officer Salary 1 - 11 years exp. (3 salaries)	₹2 L/yr - ₹4.5 L/yr 30% more

View all

Recovery Officer salary at Mahindra Finance ranges between ₹1.8 Lakh to ₹3.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 29 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Recovery Officer salaries

Last Updated: 16 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹4.3 L/yr
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.4 L/yr
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2 years (3 salaries)	₹2 L/yr - ₹2.5 L/yr
3 years (5 salaries)	₹2 L/yr - ₹3.2 L/yr
4 years (4 salaries)	₹1.8 L/yr - ₹2.7 L/yr
5 years (4 salaries)	₹2.3 L/yr - ₹2.7 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.7 L/yr
7 years (3 salaries)	₹2.2 L/yr - ₹4.8 L/yr
8 years (4 salaries)	₹2.5 L/yr - ₹2.7 L/yr
9 years (3 salaries)	₹2.6 L/yr - ₹3 L/yr

View all

Similar Designation salaries in Mahindra Finance

Sales Officer Salary

(61 salaries)

₹1.1 L/yr - ₹4.56 L/yr

Collection Officer Salary

(146 salaries)

₹1.5 L/yr - ₹5.1 L/yr

Relationship Officer Salary

(8 salaries)

₹2.8 L/yr - ₹3.1 L/yr

Senior Sales Officer Salary

(16 salaries)

₹2.2 L/yr - ₹4.8 L/yr

Deputy Manager Salary

(186 salaries)

₹4.04 L/yr - ₹11.7 L/yr

Sales Manager Salary

(115 salaries)

₹2.1 L/yr - ₹8.2 L/yr

Branch Manager Salary

(173 salaries)

₹1.85 L/yr - ₹9.1 L/yr

Accountant Salary

(75 salaries)

₹1.2 L/yr - ₹5.21 L/yr

Sales Executive Salary

(246 salaries)

₹1.1 L/yr - ₹4.8 L/yr

Team Lead Salary

(41 salaries)

₹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

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.

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.

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..

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.

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.

Sales Executive in Derabassi

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.

Dislikes

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

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Finance Recovery Officer Salary FAQs

What is the salary of Recovery Officer at Mahindra Finance?

Recovery Officer salary at Mahindra Finance in India ranges between ₹1.8 Lakhs to ₹3.2 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 3% less than the average Recovery Officer Salary in India. Salary estimates are based on 29 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Recovery Officer at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Recovery Officer at Mahindra Finance is 3% less than the average salary of a Recovery Officer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Recovery Officer at Mahindra Finance?

Collections is a popular skill required to work as a Recovery Officer at Mahindra Finance.

Which similar companies are paying more than Mahindra Finance to a Recovery Officer in India?

Sundaram Finance Recovery Officer Salary - ₹3.6 Lakhs to ₹4.5 Lakhs per year
Tata Capital Recovery Officer Salary - ₹1.5 Lakhs to ₹7.3 Lakhs per year
IIFL Finance Recovery Officer Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year
Manappuram Finance Recovery Officer Salary - ₹2.2 Lakhs to ₹4.8 Lakhs per year
Edelweiss Recovery Officer Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year

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

SMFG India Credit Recovery Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
HDFC Bank Recovery Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year
Mahindra Rural Housing Finance Recovery Officer Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year
Poonawalla Fincorp Recovery Officer Salary - ₹2.2 Lakhs to ₹3.3 Lakhs per year
Sammaan Capital Limited Recovery Officer Salary - ₹2.3 Lakhs to ₹3.3 Lakhs per year

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 ranges between ₹18,038 per month to ₹19,731 per month in India. The take-home salary calculation is based on the average Mahindra Finance Recovery Officer salary in India which ranges between ₹1.8 Lakhs to ₹3.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?

What is the notice period for Recovery Officer at Mahindra Finance?

According to AmbitionBox, 38% of the Mahindra Finance Recovery Officers reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 24 responses on AmbitionBox in last 2 years.

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Mahindra Finance Recovery Officer Salaries

Mahindra Finance Recovery Officer salary in India ranges between ₹1.8 Lakh to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 29 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Recovery Officer salaries in India

Companies similar to Mahindra Finance for Recovery Officer

Latest annual salaries shared by Mahindra Finance Recovery Officer

Experience wise Mahindra Finance Recovery Officer salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Recovery Officer

Salary related reviews for Mahindra Finance

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Collection Officer in Dehradoon

Finance Executive in Haryana ,Rohtak

Sales Executive in Derabassi

Mahindra Finance Recovery Officer Salary FAQs

Tell us how to improve this page.

Mahindra Finance Recovery Officer Salaries by Location