Margadarsi Chits Karnataka Recovery Officer Salaries by 3 Employees (Updated 2025)

1 - 8 years exp.

₹2.2 Lakhs - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

14% less than the average Recovery Officer Salary for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting Recovery Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr
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BFSI, Investments & Trading Recovery Officer Salary 8 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 16 Mar 2023

Companies similar to Margadarsi Chits Karnataka for Recovery Officer

Company name	Avg Annual Salary	Open Jobs
Shriram Chits Recovery Officer Salary 5 - 12 years exp. (4 salaries)	₹2.1 L/yr - ₹2.4 L/yr 2% less
Manappuram Finance Recovery Officer Salary 4 - 13 years exp. (3 salaries)	₹2.2 L/yr - ₹4.8 L/yr 42% more
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Cholamandalam Investment & Finance Recovery Officer Salary 1 - 8 years exp. (13 salaries)	₹2.2 L/yr - ₹3.7 L/yr 17% more
Poonawalla Fincorp Recovery Officer Salary 2 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 24% more
Edelweiss Recovery Officer Salary 2 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 40% more
HDFC Bank Recovery Officer Salary 1 - 7 years exp. (33 salaries)	₹1.8 L/yr - ₹4.5 L/yr 25% more
ICICI Bank Recovery Officer Salary 0 - 8 years exp. (15 salaries)	₹1.5 L/yr - ₹3.4 L/yr 1% more
Teleperformance Recovery Officer Salary 1 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹3.5 L/yr 1% more
Axis Bank Recovery Officer Salary 1 - 4 years exp. (5 salaries)	₹2.2 L/yr - ₹2.5 L/yr 6% more
TCS Recovery Officer Salary 4 - 8 years exp. (4 salaries)	₹3.6 L/yr - ₹6.4 L/yr 87% more

Recovery Officer salary at Margadarsi Chits Karnataka ranges between ₹2.2 Lakhs to ₹2.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Margadarsi Chits Karnataka .

Experience wise Margadarsi Chits Karnataka Recovery Officer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Similar Designation salaries in Margadarsi Chits Karnataka

Deputy Manager Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Accountant Salary

(4 salaries)

₹0.9 L/yr - ₹3 L/yr

Account Assistant Salary

(5 salaries)

₹1 L/yr - ₹2.4 L/yr

Senior Accounts Executive Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for Margadarsi Chits Karnataka

Account Assistant in Chennai

Finance & Accounting Department

2.0

• posted on 30 Jan 2020

2.0

for Salary and Benefits

Likes

No commands waste of time for account's dept

Company culture - Good

Dislikes

Very low efficiency and teammates is very selfish and salary's is low and finally increment is very very very very very lowwwww I working is 10:00 to 20:30 management is wast aim only business

Salary - Poor

+5 more

Executive in Chennai

BFSI, Investments & Trading Department

1.0

• posted on 16 Apr 2021

1.0

for Salary and Benefits

Likes

Very very worst company in all over, staff salary is very low comparing other companies, Pls don't waste of your energy and time. No future in this company, no one response every things are given late...

Dislikes

Worst company,

Salary - Bad

+6 more

Associate in Chennai

Legal & Regulatory Department

2.0

• posted on 17 Dec 2019

2.0

for Salary and Benefits

Likes

The Good organisation and So much of Good people working are there and salary at on time

Skill development - Excellent

+3 more

Dislikes

There is slow process of increament of salary and slow growth and basic salary is very poor compared that other MNC

Salary - Poor

+2 more

Associate in Ambattur

Legal & Regulatory Department

5.0

• posted on 08 Aug 2020

3.0

for Salary and Benefits

Likes

Acutally i am really proud to be an employee in margadarsi chit fund private limited for example like this lock down period my company Management and our vice president and our branch managers they were given Covid-19 Protection guidlesss and every updates relating Covid-19 day by day and they were keep supporting to every employees health and career.

Skill development - Excellent

+4 more

Dislikes

Increament/Appraisal is very low compared from other MNC

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Margadarsi Chits Karnataka Recovery Officer Salaries

Margadarsi Chits Karnataka Recovery Officer salary in India ranges between ₹2.2 Lakhs to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Margadarsi Chits Karnataka latest salaries received from various employees of Margadarsi Chits Karnataka .

Margadarsi Chits Karnataka Recovery Officer salaries in India

Companies similar to Margadarsi Chits Karnataka for Recovery Officer

Latest annual salaries shared by Margadarsi Chits Karnataka Recovery Officer

Experience wise Margadarsi Chits Karnataka Recovery Officer salaries

Similar Designation salaries in Margadarsi Chits Karnataka

Salary related reviews for Margadarsi Chits Karnataka

Account Assistant in Chennai

Executive in Chennai

Associate in Chennai

Associate in Ambattur

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