Margadarsi Chit Fund Chennai Recovery Officer Salaries by 4 Employees

1 - 3 years exp.

₹2 Lakhs - ₹3.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Recovery Officer Salary in Financial Services Companies for 1 - 3 years of experience

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Last Updated: 29 Mar 2024

Companies similar to Margadarsi Chit Fund for Recovery Officer in Chennai

Margadarsi Chit Fund Recovery Officer Salary

1 - 3 years exp. (4 salaries)

₹2 L/yr - ₹3.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Orchid Chemicals & Pharmaceuticals Recovery Officer Salary 0 - 6 years exp. (12 salaries)	₹1.2 L/yr - ₹3.8 L/yr 1% more
Shriram Finance Recovery Officer Salary 1 - 5 years exp. (7 salaries)	₹1.3 L/yr - ₹2.5 L/yr 14% more
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Jana Small Finance Bank Recovery Officer Salary 1 - 7 years exp. (5 salaries)	₹2.2 L/yr - ₹2.9 L/yr 11% more
Orchid Pharma Recovery Officer Salary 2 - 7 years exp. (5 salaries)	₹1.9 L/yr - ₹3.5 L/yr 16% more
Paisabazaar.com Recovery Officer Salary 0 - 4 years exp. (3 salaries)	₹2.5 L/yr - ₹2.8 L/yr 26% more

Recovery Officer salary at Margadarsi Chit Fund ranges between ₹2 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Margadarsi Chit Fund.

Experience wise Margadarsi Chit Fund Recovery Officer salaries in Chennai

Last Updated: 29 Mar 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
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3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Similar Designation salaries in Margadarsi Chit Fund

Account Assistant Salary

(8 salaries)

₹1.45 L/yr - ₹3.5 L/yr

Accountant Salary

(3 salaries)

₹1.6 L/yr - ₹2.75 L/yr

Salary related reviews for Margadarsi Chit Fund

3.1

Rated by 2 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

Office Assistant in Hyderabad / Secunderabad

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

Salary - Bad

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Margadarsi Chit Fund Recovery Officer Salary FAQs

What is the salary of Recovery Officer at Margadarsi Chit Fund in Chennai?

The average salary of a Recovery Officer at Margadarsi Chit Fund in Chennai typically ranges from ₹2.0 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Recovery Officer in Chennai at Margadarsi Chit Fund earn more than ₹3.1 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 4 Margadarsi Chit Fund employees in India.

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

The estimated take-home salary of a Recovery Officer at Margadarsi Chit Fund in Chennai typically ranges from ₹14,842 to ₹16,396 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 1 year to 3 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 4 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?

Paisabazaar.com	₹2.5 Lakhs to ₹2.8 Lakhs per year
Orchid Pharma	₹1.9 Lakhs to ₹3.5 Lakhs per year
Shriram Finance	₹1.3 Lakhs to ₹2.5 Lakhs per year
Jana Small Finance Bank	₹2.2 Lakhs to ₹2.9 Lakhs per year
Orchid Chemicals & Pharmaceuticals	₹1.2 Lakhs to ₹3.8 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 Chennai?

The salary growth for a Recovery Officer at Margadarsi Chit Fund in Chennai depends on factors such as experience, performance, and promotions. On average, a Recovery Officer in Chennai can expect the following growth trajectory at Margadarsi Chit Fund:

Experience	Average Salary Range
1 year	₹1.9 Lakhs to ₹2.4 Lakhs per year
2 years	₹1.9 Lakhs to ₹2.4 Lakhs per year
3 years	₹1.9 Lakhs to ₹2.4 Lakhs per year

and so on.

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Margadarsi Chit Fund Recovery Officer Salaries in Chennai

Margadarsi Chit Fund Recovery Officer salary in Chennai ranges between ₹2 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Margadarsi Chit Fund latest salaries received from various employees of Margadarsi Chit Fund.