Mahindra Finance Recovery Officer Salaries by 20+ Employees (Updated 2025)

0 - 8 years exp.

₹1.8 Lakh - ₹3.8 Lakhs

Salary of majority employees

Unlock

At par with the average Recovery Officer Salary in NBFC Companies for 0 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Recovery Officer Salary 0 - 8 years exp. (10 salaries)	Unlock ₹2.1 L/yr - ₹3.8 L/yr
BFSI, Investments & Trading Recovery Officer Salary 2 - 7 years exp. (5 salaries)	Unlock ₹2.2 L/yr - ₹3.2 L/yr
Login to view exact salary
Sales & Business Development Recovery Officer Salary 2 years exp. (AmbitionBox Estimate)	Unlock ₹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
HDFC Bank Recovery Officer Salary 1 - 7 years exp. (33 salaries)	Unlock ₹1.8 L/yr - ₹4.5 L/yr 10% more
ICICI Bank Recovery Officer Salary 0 - 8 years exp. (15 salaries)	Unlock ₹1.5 L/yr - ₹3.4 L/yr 13% less
Login to view exact salary
Bajaj Finance Recovery Officer Salary 0 - 5 years exp. (40 salaries)	Unlock ₹1.8 L/yr - ₹4.3 L/yr 4% less
Tata Capital Recovery Officer Salary 0 - 1 year exp. (3 salaries)	Unlock ₹1.5 L/yr - ₹7.3 L/yr 35% more
Axis Bank Recovery Officer Salary 1 - 4 years exp. (5 salaries)	Unlock ₹2.2 L/yr - ₹2.5 L/yr 10% less
Kotak Mahindra Bank Recovery Officer Salary 0 - 5 years exp. (13 salaries)	Unlock ₹1.7 L/yr - ₹2.7 L/yr 17% less
IndusInd Bank Recovery Officer Salary 1 - 3 years exp. (5 salaries)	Unlock ₹1.8 L/yr - ₹2.5 L/yr 23% less
IDFC FIRST Bank Recovery Officer Salary 1 - 4 years exp. (6 salaries)	Unlock ₹2 L/yr - ₹3 L/yr 9% less
L&T Finance Recovery Officer Salary 2 - 6 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹2.2 L/yr 21% less
Shriram Finance Recovery Officer Salary 1 - 8 years exp. (108 salaries)	Unlock ₹1.2 L/yr - ₹3.8 L/yr 2% less
HDB Financial Services Recovery Officer Salary 0 - 8 years exp. (35 salaries)	Unlock ₹1.4 L/yr - ₹4 L/yr 11% less
Login to view exact salary
Cholamandalam Investment & Finance Recovery Officer Salary 1 - 8 years exp. (13 salaries)	Unlock ₹2.2 L/yr - ₹3.7 L/yr At par
SMFG India Credit Recovery Officer Salary 0 - 9 years exp. (12 salaries)	Unlock ₹2.8 L/yr - ₹4 L/yr 14% more
Sammaan Capital Limited Recovery Officer Salary 1 - 5 years exp. (9 salaries)	Unlock ₹2.3 L/yr - ₹3.3 L/yr 2% more
PNB Housing Finance Recovery Officer Salary 0 - 8 years exp. (6 salaries)	Unlock ₹2.5 L/yr - ₹3.1 L/yr 2% less
Muthoot Finance Recovery Officer Salary 2 - 4 years exp. (5 salaries)	Unlock ₹1.5 L/yr - ₹2.3 L/yr 23% less
Sundaram Finance Recovery Officer Salary 1 - 15 years exp. (5 salaries)	Unlock ₹3.6 L/yr - ₹4.5 L/yr 49% more
Edelweiss Recovery Officer Salary 2 - 4 years exp. (4 salaries)	Unlock ₹3 L/yr - ₹3.8 L/yr 20% more
Mahindra Rural Housing Finance Recovery Officer Salary 5 - 6 years exp. (4 salaries)	Unlock ₹2.2 L/yr - ₹3.5 L/yr 5% more
Satin Creditcare Network Recovery Officer Salary 0 - 5 years exp. (3 salaries)	Unlock ₹2.3 L/yr - ₹3.5 L/yr 1% less

View all

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

2mo ago

Unlock

7 years exp.

9mo ago

Unlock

8 years exp.

10mo ago

Unlock

5 years exp.

11mo ago

Unlock

8 years exp.

1y ago

Unlock

5 years exp.

1y ago

Unlock

6 years exp.

1y ago

Unlock

4 years exp.

1y ago

Unlock

3 years exp.

1y ago

Unlock

4 years exp.

1y ago

Unlock

3 years exp.

Experience wise Mahindra Finance Recovery Officer salaries

Last Updated: 18 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹4.6 L/yr
1 year (AmbitionBox Estimate)	Unlock ₹2.3 L/yr - ₹3 L/yr
Login to view exact salary
2 years (3 salaries)	Unlock ₹2 L/yr - ₹4.7 L/yr
3 years (4 salaries)	Unlock ₹2 L/yr - ₹3.2 L/yr
4 years (5 salaries)	Unlock ₹1.8 L/yr - ₹3.6 L/yr
5 years (6 salaries)	Unlock ₹2.3 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹2.3 L/yr - ₹5.1 L/yr
8 years (3 salaries)	Unlock ₹2.6 L/yr - ₹5.1 L/yr

View all

Similar Designation salaries in Mahindra Finance

Sales Officer Salary

(54 salaries)

Unlock

₹1.65 L/yr - ₹4.56 L/yr

Collection Officer Salary

(146 salaries)

Unlock

₹1.5 L/yr - ₹4.78 L/yr

Relationship Officer Salary

(6 salaries)

Unlock

₹2.8 L/yr - ₹2.96 L/yr

Senior Sales Officer Salary

(12 salaries)

Unlock

₹2.55 L/yr - ₹4.8 L/yr

Deputy Manager Salary

(243 salaries)

Unlock

₹4.04 L/yr - ₹12 L/yr

Sales Manager Salary

(107 salaries)

Unlock

₹2.35 L/yr - ₹8.2 L/yr

Branch Manager Salary

(165 salaries)

Unlock

₹1.85 L/yr - ₹9.1 L/yr

Accountant Salary

(82 salaries)

Unlock

₹1.2 L/yr - ₹5.25 L/yr

Sales Executive Salary

(232 salaries)

Unlock

₹1.1 L/yr - ₹4.8 L/yr

Team Lead Salary

(36 salaries)

Unlock

₹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.

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

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.

Salary - Excellent

+5 more

Dislikes

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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... read more

Got a question about Mahindra Finance?

Ask anonymously on communities.

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 ₹3.8 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 1% more than the average Recovery Officer Salary in India. Salary estimates are based on 27 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 1% more 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
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
SMFG India Credit Recovery Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year

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

HDFC Bank Recovery Officer Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
Poonawalla Fincorp Recovery Officer Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
Mahindra Rural Housing Finance Recovery Officer Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year
Sammaan Capital Limited Recovery Officer Salary - ₹2.3 Lakhs to ₹3.3 Lakhs per year
Cholamandalam Investment & Finance Recovery Officer Salary - ₹2.2 Lakhs to ₹3.7 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 ₹19,041 per month to ₹20,719 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 ₹3.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 40% of the Mahindra Finance Recovery Officers reported a notice period of 3 Months, 32% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 25 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance Recovery Officer Salaries by Location

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance Recovery Officer Salaries

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

Mahindra Finance Recovery Officer salaries in India (Updated 2025)

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

Recently Viewed

Mahindra Finance

Piramal Group

Mahindra Finance

Standard Chartered

UST

Piramal Group

Piramal Group

Piramal Group

Mahindra Finance

Mahindra Finance

Tell us how to improve this page.

Mahindra Finance Recovery Officer Salaries by Location