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

2 - 5 years exp.

₹1.2 Lakh - ₹2 Lakhs

Salary of majority employees

10% less than the average Recovery Officer Salary in Financial Services Companies for 2 - 5 years of experience

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Last Updated: 10 Mar 2024

Recovery Officer salary at Margadarsi Chit Fund ranges between ₹1.2 Lakh to ₹2 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Margadarsi Chit Fund.

Experience wise Margadarsi Chit Fund Recovery Officer salaries in Salem

Last Updated: 10 Mar 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr
3 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr
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4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.9 L/yr
5 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr

Salary related reviews for Margadarsi Chit Fund

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.

Dislikes

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

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.

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.

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

Dislikes

Salary hike

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.

Dislikes

No increments ...

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

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

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Margadarsi Chit Fund Recovery Officer Salary FAQs

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

Recovery Officer salary at Margadarsi Chit Fund in Salem ranges between ₹1.2 Lakhs to ₹2.0 Lakhs for experience between 2 years to 5 years. According to our estimates it is 10% less than the average Recovery Officer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Margadarsi Chit Fund Salem.

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

The average salary of a Recovery Officer at Margadarsi Chit Fund is 10% less than the average salary of a Recovery Officer in Salem. To know exact salary insights, login to view.

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

The estimated take-home salary of a Recovery Officer at Margadarsi Chit Fund ranges between ₹11,788 per month to ₹13,078 per month in Salem. The take-home salary calculation is based on the average Margadarsi Chit Fund Recovery Officer salary in India which ranges between ₹1.2 Lakhs to ₹2.0 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Recovery Officer at Margadarsi Chit Fund in Salem?

According to AmbitionBox, 33% of the Margadarsi Chit Fund Recovery Officers in Salem reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Margadarsi Chit Fund Recovery Officer Salaries in Salem

Margadarsi Chit Fund Recovery Officer salary in Salem ranges between ₹1.2 Lakh to ₹2 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.