Punjab National Bank Recovery Agent Salaries by 6 Employees

1 - 3 years exp.

₹1.2 Lakh - ₹3.6 Lakhs

Low Confidence

Salary of majority employees

25% less than the average Recovery Agent Salary in Banking Companies for 1 - 3 years of experience

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Salaries in different departments

Finance & Accounting Recovery Agent Salary 3 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.6 L/yr
BFSI, Investments & Trading Recovery Agent Salary 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Research & Development Recovery Agent Salary 1 year exp. (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.7 L/yr

Last Updated: 16 Sep 2024

Companies similar to Punjab National Bank for Recovery Agent

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Recovery Agent Salary 0 - 5 years exp. (34 salaries)	₹1.2 L/yr - ₹4.5 L/yr 47% more
State Bank of India Recovery Agent Salary 0 - 6 years exp. (13 salaries)	₹0.2 L/yr - ₹3.5 L/yr 1% less
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IndusInd Bank Recovery Agent Salary 0 - 6 years exp. (12 salaries)	₹1.4 L/yr - ₹3 L/yr 28% more
ICICI Bank Recovery Agent Salary 0 - 4 years exp. (8 salaries)	₹1.8 L/yr - ₹5 L/yr 49% more
IDFC FIRST Bank Recovery Agent Salary 1 - 5 years exp. (7 salaries)	₹1.2 L/yr - ₹3.7 L/yr 29% more
Kotak Mahindra Bank Recovery Agent Salary 1 - 3 years exp. (6 salaries)	₹1.2 L/yr - ₹2.5 L/yr 27% more
AU Small Finance Bank Recovery Agent Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹4 L/yr 57% more
Indian Bank Recovery Agent Salary 4 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹3 L/yr 46% more
Axis Bank Recovery Agent Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.2 L/yr 21% more
Canara Bank Recovery Agent Salary 0 - 10 years exp. (3 salaries)	₹2 L/yr - ₹5.5 L/yr 89% more
Allahabad Bank Recovery Agent Salary 3 - 15 years exp. (3 salaries)	₹1.1 L/yr - ₹2.4 L/yr 16% less
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Bandhan Bank Recovery Agent Salary 1 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹2.7 L/yr 47% more
RBL Bank Recovery Agent Salary 0 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹2.4 L/yr At par
Jana Small Finance Bank Recovery Agent Salary 0 - 1 year exp. (3 salaries)	₹4.1 L/yr - ₹5.2 L/yr 149% more

Recovery Agent salary at Punjab National Bank ranges between ₹1.2 Lakh to ₹3.6 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Punjab National Bank.

Experience wise Punjab National Bank Recovery Agent salaries

Last Updated: 16 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.5 L/yr - ₹1.5 L/yr
2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.2 L/yr
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3 years (4 salaries)	₹1 L/yr - ₹3.6 L/yr

Similar Designation salaries in Punjab National Bank

Accountant Salary

(3 salaries)

₹1.8 L/yr - ₹5.1 L/yr

Team Lead Salary

(4 salaries)

₹2.8 L/yr - ₹3.36 L/yr

Analyst Salary

(4 salaries)

₹1.2 L/yr - ₹10 L/yr

Account Assistant Salary

(4 salaries)

₹1 L/yr - ₹4 L/yr

Deputy Manager Salary

(51 salaries)

₹5 L/yr - ₹15.7 L/yr

Sales Manager Salary

(4 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Branch Manager Salary

(25 salaries)

₹5.75 L/yr - ₹15 L/yr

Senior Associate Salary

(3 salaries)

₹5 L/yr - ₹6 L/yr

Sales Officer Salary

(7 salaries)

₹0.95 L/yr - ₹3 L/yr

Sales Executive Salary

(6 salaries)

₹1.2 L/yr - ₹2.51 L/yr

Salary related reviews for Punjab National Bank

3.5

Rated by 3 employees for salary & benefits

Recovery Agent in Lucknow

Finance & Accounting Department

5.0

• posted on 29 Sep 2019

5.0

for Salary and Benefits

Likes

Competetive salary and excellent benifits wide range of jobs and experiences in a thriving industry Numerous opportunities for an advancement for ambitious professional Continuing education and community service in highly encouraged Excellent working condition and hours

Salary - Excellent

+6 more

Dislikes

Noting

Deputy Manager in Patna

Full Time

Strategic & Top Management Department

1.0

• posted on 03 Sep 2024

2.0

for Salary and Benefits

Likes

No matter what you do your salary will remain same.

Job security - Excellent

Dislikes

Frequent transfers to remote villages create hell lot of family problems and other problems as well. Banking sector has hell lot of corruption and you will feel very insecure if you are moral.

Salary - Poor

+5 more

Senior Associate in Mandi

Full Time

Finance & Accounting Department

3.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Job security Good Salary Good perks and allowances Supportive to leaners and new joinees Overall good in terms of learning new things

Salary - Good

+1 more

Dislikes

No work life balance Extending work hours Bad management Poor work culture in top management Work pressure too much in officer cadre

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Oct 2023

3.0

for Salary and Benefits

Likes

decent salary and perks but still less than Central Governments employees

Job security - Excellent

Dislikes

Undue pressure is put on us for target completion with staff shortage. Apart from this we have to deal with throttling compliance policies which makes even simple work cumbersome and difficult. There are so many portals for complaints and we are always on our toes.

Skill development - Poor

+3 more

Branch Manager in New Delhi

Finance & Accounting Department

3.0

• posted on 29 Dec 2018

1.0

for Salary and Benefits

Likes

...retirees which were more in the 1980. Pensions have not been updated since 1995. All employees/ retirees have demanded the same benefits as per Central Pay Commission recommendations on salary revision of Central Govt. Employees/ Retirees.

Dislikes

Salary - Bad
Job security - Poor

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Punjab National Bank Recovery Agent Salary FAQs

What is the salary of Recovery Agent at Punjab National Bank ?

The average salary of a Recovery Agent at Punjab National Bank in India typically ranges from ₹1.2 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Recovery Agent at Punjab National Bank earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Recovery Agent Salaries at Punjab National Bank 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 6 Punjab National Bank employees in India.

What is the estimated take home salary of a Recovery Agent at Punjab National Bank in India?

The estimated take-home salary of a Recovery Agent at Punjab National Bank in India typically ranges from ₹12,368 to ₹13,708 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹3.6 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 6 salaries received from various employees of Punjab National Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Punjab National Bank for Recovery Agent in India?

Jana Small Finance Bank	₹4.1 Lakhs to ₹5.2 Lakhs per year
Canara Bank	₹2.0 Lakhs to ₹5.5 Lakhs per year
AU Small Finance Bank	₹2.0 Lakhs to ₹4.0 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹5.0 Lakhs per year
Bandhan Bank	₹2.6 Lakhs to ₹2.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Punjab National Bank, depending on the role and experience level.

What is the salary of a Recovery Agent in companies similar to Punjab National Bank in India?

The salary of a Recovery Agent at companies similar to Punjab National Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹1.2 Lakhs to ₹4.5 Lakhs per year
Indian Bank	₹1.8 Lakhs to ₹3.0 Lakhs per year
IDFC FIRST Bank	₹1.2 Lakhs to ₹3.7 Lakhs per year
IndusInd Bank	₹1.4 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindra Bank	₹1.2 Lakhs to ₹2.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Recovery Agent at Punjab National Bank in India?

The salary growth for a Recovery Agent at Punjab National Bank depends on factors such as experience, performance, and promotions. On average, a Recovery Agent can expect the following growth trajectory at Punjab National Bank:

Experience	Average Salary Range
1 year	₹0.5 Lakhs to ₹1.5 Lakhs per year
2 years	₹1.2 Lakhs to ₹3.2 Lakhs per year
3 years	₹1.0 Lakhs to ₹3.6 Lakhs per year

and so on.

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Punjab National Bank Recovery Agent Salaries

Punjab National Bank Recovery Agent salary in India ranges between ₹1.2 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Punjab National Bank latest salaries received from various employees of Punjab National Bank.