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Margadarsi Chit Fund Recovery Officer salaries in India

Annual salary range
1 - 7 years exp.
₹1.2 Lakh - ₹3.1 Lakhs
Salary of majority employees
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24% less than the average Recovery Officer Salary in Financial Services Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Recovery Officer Salary
1 - 6 years exp. (6 salaries)
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₹1.9 L/yr - ₹2.4 L/yr

Customer Success, Service & Operations
Recovery Officer Salary
1 - 7 years exp. (6 salaries)
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₹2 L/yr - ₹3.1 L/yr

Sales & Business Development
Recovery Officer Salary
1 - 7 years exp. (5 salaries)
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₹1.4 L/yr - ₹3 L/yr

Finance & Accounting
Recovery Officer Salary
1 - 5 years exp. (4 salaries)
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₹2.3 L/yr - ₹3.1 L/yr

Last Updated: 5 Nov 2024

Companies similar to Margadarsi Chit Fund for Recovery Officer

Company name Avg Annual Salary Open Jobs
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ICICI Home Finance Recovery Officer Salary

1 - 8 years exp. (4 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 47% more
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₹5 L/yr - ₹5.6 L/yr

arrow icon 159% more
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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 29% more
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Bajaj Finserv Recovery Officer Salary

2 - 6 years exp. (41 salaries)

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₹1.4 L/yr - ₹4.4 L/yr

arrow icon 48% more
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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 27% more
Recovery Officer salary at Margadarsi Chit Fund ranges between ₹1.2 Lakh to ₹3.1 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 31 latest salaries received from various employees of Margadarsi Chit Fund.

Latest annual salaries shared by Margadarsi Chit Fund Recovery Officer

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Experience wise Margadarsi Chit Fund Recovery Officer salaries

Last Updated: 5 Nov 2024

Experience Avg Annual Salary
1 year  (6 salaries)

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₹1.4 L/yr - ₹3.1 L/yr
2 years  (8 salaries)

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₹0.8 L/yr - ₹3.1 L/yr
3 years  (6 salaries)

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₹1.4 L/yr - ₹2.8 L/yr
4 years  (4 salaries)

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₹1.2 L/yr - ₹2.8 L/yr
5 years  (3 salaries)

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₹1.9 L/yr - ₹2.3 L/yr
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Similar Designation salaries in Margadarsi Chit Fund

Sales Officer Salary
(5 salaries)
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₹1.6 L/yr - ₹6 L/yr
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₹1.8 L/yr - ₹2.2 L/yr
Deputy Manager Salary
(3 salaries)
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₹3.35 L/yr - ₹4 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹0.5 L/yr - ₹0.6 L/yr
Branch Manager Salary
(3 salaries)
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₹4 L/yr - ₹6.5 L/yr
Accountant Salary
(11 salaries)
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₹1.56 L/yr - ₹4 L/yr
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₹2.1 L/yr - ₹2.2 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr
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₹1.45 L/yr - ₹4 L/yr
Finance Executive Salary
(AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr

Salary related reviews for Margadarsi Chit Fund

3.0

Rated by 9 employees for salary & benefits

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

read more
  • Salary - Poor
  • +3 more

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.

read more
  • Salary - Poor
  • +1 more

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

read more
  • Salary - Good
  • +1 more

Dislikes

Salary hike

  • Promotions - Poor
  • +1 more

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.

read more
  • Job security - Good

Dislikes

No increments ...

  • Salary - Bad
  • +2 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 16 Mar 2025

1.0
 for  Salary and Benefits

Likes

Colleagues here are very co operating

  • Job security - Good
  • +1 more

Dislikes

Mainly salaries are very lower compared to cost of living in city like hyderabad. Promotions here will come very lately As this company has 6 working days a week there is no work life balance also there are no leaves for important festivals. There is very less scope for skill development as here they only give one work, anyone can do that work there is no development of skill in it. Because of this work satisfaction automatically reduces

read more
  • Salary - Bad
  • +4 more
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Margadarsi Chit Fund Recovery Officer Salary FAQs

What is the salary of Recovery Officer at Margadarsi Chit Fund ?
The average salary of a Recovery Officer at Margadarsi Chit Fund in India typically ranges from ₹1.2 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Recovery Officer at Margadarsi Chit Fund earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Recovery Officer Salaries at Margadarsi Chit Fund 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 30+ Margadarsi Chit Fund employees in India.
What is the estimated take home salary of a Recovery Officer at Margadarsi Chit Fund in India?
The estimated take-home salary of a Recovery Officer at Margadarsi Chit Fund in India typically ranges from ₹14,119 to ₹15,610 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 1 year to 7 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 30+ salaries received from various employees of Margadarsi Chit Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Margadarsi Chit Fund for Recovery Officer in India?
Mashreq Global Services ₹5.0 Lakhs to ₹5.6 Lakhs per year
Bajaj Finserv ₹1.4 Lakhs to ₹4.4 Lakhs per year
ICICI Home Finance ₹1.2 Lakhs to ₹4.2 Lakhs per year
Shriram Finance ₹1.2 Lakhs to ₹3.8 Lakhs per year
Bajaj Finance ₹1.8 Lakhs to ₹4.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Margadarsi Chit Fund, depending on the role and experience level.
How the salary growth look like for a Recovery Officer at Margadarsi Chit Fund in India?
The salary growth for a Recovery Officer at Margadarsi Chit Fund depends on factors such as experience, performance, and promotions. On average, a Recovery Officer can expect the following growth trajectory at Margadarsi Chit Fund:

Experience Average Salary Range
1 year ₹1.4 Lakhs to ₹3.1 Lakhs per year
2 years ₹0.8 Lakhs to ₹3.1 Lakhs per year
3 years ₹1.4 Lakhs to ₹2.8 Lakhs per year
4 years ₹1.2 Lakhs to ₹2.8 Lakhs per year
and so on.

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Margadarsi Chit Fund Recovery Officer salary in India ranges between ₹1.2 Lakh to ₹3.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 31 Margadarsi Chit Fund latest salaries received from various employees of Margadarsi Chit Fund.