Margadarsi Chit Fund Recovery Executive Salaries by 6 Employees (Updated 2025)

0 - 16 years exp.

₹1.2 Lakh - ₹3.1 Lakhs

Low Confidence

Salary of majority employees

8% less than the average Recovery Executive Salary in Financial Services Companies for 0 - 16 years of experience

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Salaries in different departments

Finance & Accounting Recovery Executive Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.3 L/yr
BFSI, Investments & Trading Recovery Executive Salary Fresher (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
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Marketing & Communication Recovery Executive Salary 16 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr

Last Updated: 2 Feb 2024

Companies similar to Margadarsi Chit Fund for Recovery Executive

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Recovery Executive Salary 2 - 5 years exp. (10 salaries)	₹1.8 L/yr - ₹6 L/yr 2% less
HDFC Bank Recovery Executive Salary 1 - 5 years exp. (27 salaries)	₹1.5 L/yr - ₹3.6 L/yr 13% more
Login to view exact salary
ICICI Bank Recovery Executive Salary 1 - 7 years exp. (8 salaries)	₹1.7 L/yr - ₹3 L/yr 8% more
Kotak Mahindra Bank Recovery Executive Salary 0 - 9 years exp. (28 salaries)	₹2 L/yr - ₹3.8 L/yr 25% more
Mahindra Finance Recovery Executive Salary 1 - 8 years exp. (27 salaries)	₹1.5 L/yr - ₹4 L/yr 21% more
Shriram Finance Recovery Executive Salary 0 - 6 years exp. (120 salaries)	₹1.2 L/yr - ₹3.3 L/yr 10% more
Shriram Chits Recovery Executive Salary 1 - 8 years exp. (7 salaries)	₹1.2 L/yr - ₹2.1 L/yr 12% less
Aadhar Housing Finance Recovery Executive Salary 1 - 6 years exp. (5 salaries)	₹1.7 L/yr - ₹2.4 L/yr 14% less
ICICI Home Finance Recovery Executive Salary 4 - 8 years exp. (3 salaries)	₹0.1 L/yr - ₹0.2 L/yr 93% less

Recovery Executive salary at Margadarsi Chit Fund ranges between ₹1.2 Lakh to ₹3.1 Lakhs per year for employees with less than 1 year of experience to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Margadarsi Chit Fund.

Experience wise Margadarsi Chit Fund Recovery Executive salaries

Last Updated: 2 Feb 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.4 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
4 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
9 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
10 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
11 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
12 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
13 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
14 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
15+ years (AmbitionBox Estimate)	₹1 L/yr - ₹3.1 L/yr

View all

Similar Designation salaries in Margadarsi Chit Fund

Sales Executive Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Finance Executive Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Account Assistant Salary

(24 salaries)

₹1.45 L/yr - ₹3.5 L/yr

Accountant Salary

(11 salaries)

₹1.56 L/yr - ₹4 L/yr

Sales Officer Salary

(5 salaries)

₹1.6 L/yr - ₹6 L/yr

Deputy Manager Salary

(3 salaries)

₹3.35 L/yr - ₹4 L/yr

Collection Officer Salary

(4 salaries)

₹1.8 L/yr - ₹2.2 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹0.5 L/yr - ₹0.6 L/yr

Salary related reviews for Margadarsi Chit Fund

2.6

Rated by 3 employees for salary & benefits

Office Assistant in Manipal Centre M G ROAD

Full Time

Other Department

3.0

• posted on 03 Nov 2022

2.0

for Salary and Benefits

Likes

Supports by the managers and staffs.there r lot off benifits lyk gratuity, incentives, allowenses etc .overall good.

Job security - Excellent

Dislikes

... working place were we used to sit every single minutes not maintained properly.and the salary is quite less

Salary - Poor

+3 more

Office Assistant in Hyderabad / Secunderabad

Other Department

4.0

• posted on 30 Jun 2022

2.0

for Salary and Benefits

Likes

For the employees of this company ca get lunch for Rs.25/- at Canteen. In this canteen the food will be in healthy.

Skill development - Good

+4 more

Dislikes

...o training session and also waste of thinking about career growth and appraisal. But I like one thing in this company that, we can get salary in time.

Salary - Poor

+1 more

Office Assistant For Legal Department in Bangalore / Bengaluru

Human Resources Department

4.0

• posted on 23 Oct 2019

4.0

for Salary and Benefits

Likes

I'm working here from past 3yrs , got a promotion also, but there no proper hikes in salaries, it's very disappointed me🤣 , work environment is good People can work those dnt have any expectation

Salary - Good

+1 more

Dislikes

Salary hike

Promotions - Poor

+1 more

SOA(Sr Office Assistant) in Hyderabad / Secunderabad

Other Department

3.0

• posted on 29 Oct 2018

1.0

for Salary and Benefits

Likes

...angana, not gives promotion to Telangana employees who are working in their org. No salary increments also to Telangana employees compare to Andhra employees . Caste feeling also.

Job security - Good

Dislikes

No increments ...

Salary - Bad

+2 more

Senior Executive in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 17 Jul 2023

2.0

for Salary and Benefits

Likes

Company and chairman also good actually నేను ఇక్కడ వచ్చిన తరువాతే పెళ్లి చేసుకున్న ఇద్దరు పిల్లలు పుట్టారు ఇప్పుడ లోన్ తీసుకుని ఇల్లు కూడా కట్టుకుంటున్న, ఇలాంటి చిన్న జీతాలతో సర్డుకుపోతు ఎదగటం చాలా నేర్చకున్నాను ఇందుకు నేను కృతజ్ఞతలు తెలుపుతున్నాను

Job security - Good

+2 more

Dislikes

Company and Brand also very good but ఒక్కటి మాత్రం చాలా బాధనిపిస్తుంది ఇక్కడ క్యాస్ట్ చాలా ఇంపర్టెంట్ ఇస్తారు కష్టపడే వాడు ఎదగటం లేదు అది మన ఎండీ గారు గుర్తించాలి ఇది కూడా మీరు గుర్తిస్తే చాలా మంది ఆనందిస్తారు ఏళ్లతరబడి జీతాలు కానీ ప్రమోషన్ కానీ రావటం లేదు but నిత్యావసరాల ధరలు మాత్రం పెరిగిపోతున్నాయి , సాలరీ మీద డిపెండ్ అయ్యే వాడికి మాత్రమే తెలుస్తాయి సిటీ లో కర్చులు

Salary - Poor

+1 more

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Margadarsi Chit Fund Recovery Executive Salary FAQs

What is the salary of Recovery Executive at Margadarsi Chit Fund?

Recovery Executive salary at Margadarsi Chit Fund in India ranges between ₹1.2 Lakhs to ₹3.1 Lakhs for less than 1 year of experience to 16 years. According to our estimates it is 8% less than the average Recovery Executive Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Margadarsi Chit Fund India.

How does the salary of a Recovery Executive at Margadarsi Chit Fund India compare with the average salary range for this job?

The average salary of a Recovery Executive at Margadarsi Chit Fund is 8% less than the average salary of a Recovery Executive in India. To know exact salary insights, login to view.

Which similar companies are paying more than Margadarsi Chit Fund to a Recovery Executive in India?

Kotak Mahindra Bank Recovery Executive Salary - ₹2.0 Lakhs to ₹3.8 Lakhs per year
Mahindra Finance Recovery Executive Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year
HDFC Bank Recovery Executive Salary - ₹1.5 Lakhs to ₹3.6 Lakhs per year
Shriram Finance Recovery Executive Salary - ₹1.2 Lakhs to ₹3.3 Lakhs per year
ICICI Bank Recovery Executive Salary - ₹1.7 Lakhs to ₹3.0 Lakhs per year

What is the salary of a Recovery Executive in companies similar to Margadarsi Chit Fund in India?

Bajaj Finserv Recovery Executive Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
Shriram Chits Recovery Executive Salary - ₹1.2 Lakhs to ₹2.1 Lakhs per year
Aadhar Housing Finance Recovery Executive Salary - ₹1.7 Lakhs to ₹2.4 Lakhs per year
ICICI Home Finance Recovery Executive Salary - ₹0.1 Lakhs to ₹0.2 Lakhs per year

What is the estimated take home salary of a Recovery Executive at Margadarsi Chit Fund in India?

The estimated take-home salary of a Recovery Executive at Margadarsi Chit Fund ranges between ₹15,435 per month to ₹17,040 per month in India. The take-home salary calculation is based on the average Margadarsi Chit Fund Recovery Executive salary in India which ranges between ₹1.2 Lakhs to ₹3.1 Lakhs per year for employees with less than 1 year of experience to 16 years. Check how did we calculate take home salary?

What is the notice period for Recovery Executive at Margadarsi Chit Fund?

According to AmbitionBox, 100% of the Margadarsi Chit Fund Recovery Executives reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Margadarsi Chit Fund Recovery Executive Salaries

Margadarsi Chit Fund Recovery Executive salary in India ranges between ₹1.2 Lakh to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Margadarsi Chit Fund latest salaries received from various employees of Margadarsi Chit Fund.