Punjab National Bank Recovery Officer Salaries by 4 Employees (Updated 2024)

3 - 11 years exp.

₹1.6 Lakh - ₹5 Lakhs

Low Confidence

Salary of majority employees

38% more than the average Recovery Officer Salary in Banking Companies for 3 - 11 years of experience

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Last Updated: 28 Aug 2024

Companies similar to Punjab National Bank for Recovery Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Recovery Officer Salary 1 - 8 years exp. (14 salaries)	₹1.5 L/yr - ₹3.4 L/yr 35% less
HDFC Bank Recovery Officer Salary 0 - 7 years exp. (34 salaries)	₹1.2 L/yr - ₹4.5 L/yr 22% less
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Axis Bank Recovery Officer Salary 1 - 5 years exp. (5 salaries)	₹2.2 L/yr - ₹2.5 L/yr 35% less
Bank of Baroda Recovery Officer Salary 0 - 4 years exp. (4 salaries)	₹1 L/yr - ₹2.4 L/yr 53% less
IDBI Bank Recovery Officer Salary 10 - 14 years exp. (3 salaries)	₹14 L/yr - ₹19 L/yr 376% more
Kotak Mahindra Bank Recovery Officer Salary 0 - 6 years exp. (15 salaries)	₹1.7 L/yr - ₹3.5 L/yr 39% less
Bandhan Bank Recovery Officer Salary 0 - 5 years exp. (10 salaries)	₹1.4 L/yr - ₹3 L/yr 43% less
IDFC FIRST Bank Recovery Officer Salary 1 - 5 years exp. (8 salaries)	₹2 L/yr - ₹3 L/yr 35% less
AU Small Finance Bank Recovery Officer Salary 2 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹2.9 L/yr 38% less
IndusInd Bank Recovery Officer Salary 1 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹2.5 L/yr 43% less
RBL Bank Recovery Officer Salary 1 - 6 years exp. (4 salaries)	₹0.4 L/yr - ₹2.2 L/yr 63% less
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Indian Bank Recovery Officer Salary 0 - 6 years exp. (4 salaries)	₹1 L/yr - ₹4 L/yr 31% less
Central Bank of India Recovery Officer Salary 1 - 6 years exp. (3 salaries)	₹2.4 L/yr - ₹5 L/yr 6% more
Allahabad Bank Recovery Officer Salary 4 - 14 years exp. (3 salaries)	₹2.5 L/yr - ₹9 L/yr 29% more

Recovery Officer salary at Punjab National Bank ranges between ₹1.6 Lakh to ₹5 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Punjab National Bank.

Experience wise Punjab National Bank Recovery Officer salaries

Last Updated: 28 Aug 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.7 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
11 years (AmbitionBox Estimate)	₹2 L/yr - ₹5 L/yr

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Salary related reviews for Punjab National Bank

4.2

Rated by 2 employees for salary & benefits

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.

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.

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

Dislikes

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

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

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.

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.

Senior Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Aug 2023

3.0

for Salary and Benefits

Likes

Govt. job even if you don't work you will get the same same salary as others.

Dislikes

Lot of manipulation in promotions , if you have connections then only expect promotion. If you have taken a work no one will get involved in it and even if anything happens the same people will come to blame you.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Punjab National Bank Recovery Officer Salary FAQs

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

Recovery Officer salary at Punjab National Bank in India ranges between ₹1.6 Lakhs to ₹5.0 Lakhs for experience between 3 years to 11 years. According to our estimates it is 38% more than the average Recovery Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Punjab National Bank India.

How does the salary of a Recovery Officer at Punjab National Bank India compare with the average salary range for this job?

The average salary of a Recovery Officer at Punjab National Bank is 38% more than the average salary of a Recovery Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Punjab National Bank to a Recovery Officer in India?

IDBI Bank Recovery Officer Salary - ₹14.0 Lakhs to ₹19.0 Lakhs per year
Allahabad Bank Recovery Officer Salary - ₹2.5 Lakhs to ₹9.0 Lakhs per year
Central Bank of India Recovery Officer Salary - ₹2.4 Lakhs to ₹5.0 Lakhs per year

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

HDFC Bank Recovery Officer Salary - ₹1.2 Lakhs to ₹4.5 Lakhs per year
Indian Bank Recovery Officer Salary - ₹1.0 Lakhs to ₹4.0 Lakhs per year
Axis Bank Recovery Officer Salary - ₹2.2 Lakhs to ₹2.5 Lakhs per year
ICICI Bank Recovery Officer Salary - ₹1.5 Lakhs to ₹3.4 Lakhs per year
IDFC FIRST Bank Recovery Officer Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year

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

The estimated take-home salary of a Recovery Officer at Punjab National Bank ranges between ₹26,718 per month to ₹28,131 per month in India. The take-home salary calculation is based on the average Punjab National Bank Recovery Officer salary in India which ranges between ₹1.6 Lakhs to ₹5.0 Lakhs per year for employees with experience between 3 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Recovery Officer at Punjab National Bank?

According to AmbitionBox, 100% of the Punjab National Bank Recovery Officers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Punjab National Bank Recovery Officer Salaries

Punjab National Bank Recovery Officer salary in India ranges between ₹1.6 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Punjab National Bank latest salaries received from various employees of Punjab National Bank.