State Bank of India Collections Manager Salaries by 4 Employees (Updated 2025)

6 - 10 years exp.

₹5.4 Lakhs - ₹6.7 Lakhs

Low Confidence

Salary of majority employees

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14% more than the average Collections Manager Salary in Banking Companies for 6 - 10 years of experience

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Salaries in different departments

Finance & Accounting Collections Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹6 L/yr - ₹7.3 L/yr
BFSI, Investments & Trading Collections Manager Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹4.9 L/yr - ₹5.9 L/yr
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Customer Success, Service & Operations Collections Manager Salary 10 years exp. (AmbitionBox Estimate)	Unlock ₹5.9 L/yr - ₹7.2 L/yr

Last Updated: 6 Aug 2023

Companies similar to State Bank of India for Collections Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Collections Manager Salary 3 - 15 years exp. (205 salaries)	Unlock ₹2.5 L/yr - ₹12 L/yr 16% more
HDFC Bank Collections Manager Salary 0 - 18 years exp. (1.1k salaries)	Unlock ₹3 L/yr - ₹11.1 L/yr 3% more	2 job openings
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Axis Bank Collections Manager Salary 4 - 14 years exp. (285 salaries)	Unlock ₹2.9 L/yr - ₹13 L/yr 16% more
Bank of Baroda Collections Manager Salary 18 - 19 years exp. (3 salaries)	Unlock ₹5.9 L/yr - ₹6 L/yr 7% less
IDBI Bank Collections Manager Salary 13 - 14 years exp. (3 salaries)	Unlock ₹20 L/yr - ₹22 L/yr 227% more
IDFC FIRST Bank Collections Manager Salary 1 - 11 years exp. (568 salaries)	Unlock ₹2 L/yr - ₹10.6 L/yr 2% more
Kotak Mahindra Bank Collections Manager Salary 3 - 14 years exp. (302 salaries)	Unlock ₹1.8 L/yr - ₹9.8 L/yr 3% less
IndusInd Bank Collections Manager Salary 1 - 14 years exp. (203 salaries)	Unlock ₹1.9 L/yr - ₹10 L/yr 2% more
Yes Bank Collections Manager Salary 4 - 15 years exp. (141 salaries)	Unlock ₹4.2 L/yr - ₹10.5 L/yr 20% more	2 job openings
AU Small Finance Bank Collections Manager Salary 5 - 14 years exp. (65 salaries)	Unlock ₹2 L/yr - ₹8.6 L/yr 20% less
Bandhan Bank Collections Manager Salary 2 - 13 years exp. (41 salaries)	Unlock ₹2.7 L/yr - ₹9.9 L/yr 20% less
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Standard Chartered Collections Manager Salary 6 - 16 years exp. (16 salaries)	Unlock ₹5 L/yr - ₹11.5 L/yr 26% more

Collections Manager salary at State Bank of India ranges between ₹5.4 Lakhs to ₹6.7 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Collections Manager salaries

Last Updated: 6 Aug 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹6.7 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6.7 L/yr
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8 years (AmbitionBox Estimate)	Unlock ₹5.7 L/yr - ₹7.3 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹5.7 L/yr - ₹7.3 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹6.5 L/yr

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Salary related reviews for State Bank of India

5.0

Rated by 1 employees for salary & benefits

Deputy Manager in Bokaro

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jan 2025

1.0

for Salary and Benefits

Likes

Fixed salary

Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 15 Nov 2024

4.0

for Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

Salary - Good

+1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

Skill development - Bad

+3 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 18 Sep 2024

4.0

for Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

Salary - Good

+2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

Work satisfaction - Bad

+2 more

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 20 Dec 2023

3.0

for Salary and Benefits

Likes

Job is secured. We get to serve all kind of customers. Employees get huge exposure in whichever field /segment they are working in, great medical benefit, loans at concessional rate.

Job security - Excellent

Dislikes

Age old promotion policy, rigid system, salary is not as per industry standard, lack of proper training, late sitting is rewarded, no facility for working mothers, except for maternity leave, no wfh facility.

Skill development - Bad

+2 more

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State Bank of India Collections Manager Salary FAQs

What is the salary of Collections Manager at State Bank of India?

Collections Manager salary at State Bank of India in India ranges between ₹5.4 Lakhs to ₹6.7 Lakhs for experience between 6 years to 10 years. According to our estimates it is 14% more than the average Collections Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India India.

How does the salary of a Collections Manager at State Bank of India India compare with the average salary range for this job?

The average salary of a Collections Manager at State Bank of India is 14% more than the average salary of a Collections Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a Collections Manager in India?

IDBI Bank Collections Manager Salary - ₹20.0 Lakhs to ₹22.0 Lakhs per year
Standard Chartered Collections Manager Salary - ₹5.0 Lakhs to ₹11.5 Lakhs per year
Yes Bank Collections Manager Salary - ₹4.2 Lakhs to ₹10.5 Lakhs per year
ICICI Bank Collections Manager Salary - ₹2.5 Lakhs to ₹12.0 Lakhs per year
Axis Bank Collections Manager Salary - ₹2.9 Lakhs to ₹13.0 Lakhs per year

What is the salary of a Collections Manager in companies similar to State Bank of India in India?

HDFC Bank Collections Manager Salary - ₹3.0 Lakhs to ₹11.1 Lakhs per year
IndusInd Bank Collections Manager Salary - ₹1.9 Lakhs to ₹10.0 Lakhs per year
IDFC FIRST Bank Collections Manager Salary - ₹2.0 Lakhs to ₹10.6 Lakhs per year
Kotak Mahindra Bank Collections Manager Salary - ₹1.8 Lakhs to ₹9.8 Lakhs per year
Bank of Baroda Collections Manager Salary - ₹5.9 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Collections Manager at State Bank of India in India?

The estimated take-home salary of a Collections Manager at State Bank of India ranges between ₹48,118 per month to ₹49,256 per month in India. The take-home salary calculation is based on the average State Bank of India Collections Manager salary in India which ranges between ₹5.4 Lakhs to ₹6.7 Lakhs per year for employees with experience between 6 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Collections Manager at State Bank of India?

According to AmbitionBox, 50% of the State Bank of India Collections Managers reported a notice period of 15 days or less, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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State Bank of India Collections Manager Salaries

State Bank of India Collections Manager salary in India ranges between ₹5.4 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.