State Bank of India Recovery Agent Salaries by 10+ Employees (Updated 2025)

0 - 6 years exp.

₹0.2 Lakh - ₹3.5 Lakhs

Salary of majority employees

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27% less than the average Recovery Agent Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Recovery Agent Salary 1 - 6 years exp. (3 salaries)	Unlock ₹1.2 L/yr - ₹3.5 L/yr
Customer Success, Service & Operations Recovery Agent Salary 2 years exp. (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹3.1 L/yr
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Finance & Accounting Recovery Agent Salary 3 years exp. (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹2.4 L/yr
Marketing & Communication Recovery Agent Salary 4 years exp. (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹3.4 L/yr
Production, Manufacturing & Engineering Recovery Agent Salary Fresher (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹1.7 L/yr

Last Updated: 25 Sep 2023

Companies similar to State Bank of India for Recovery Agent

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Recovery Agent Salary 0 - 4 years exp. (8 salaries)	Unlock ₹1.8 L/yr - ₹5 L/yr 51% more
HDFC Bank Recovery Agent Salary 0 - 5 years exp. (30 salaries)	Unlock ₹1.2 L/yr - ₹3.5 L/yr 45% more
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Axis Bank Recovery Agent Salary 0 - 5 years exp. (4 salaries)	Unlock ₹2 L/yr - ₹2.2 L/yr 22% more
Kotak Mahindra Bank Recovery Agent Salary 1 - 3 years exp. (6 salaries)	Unlock ₹1.2 L/yr - ₹2.5 L/yr 28% more
IDFC FIRST Bank Recovery Agent Salary 1 - 5 years exp. (7 salaries)	Unlock ₹1.2 L/yr - ₹3.7 L/yr 32% more
IndusInd Bank Recovery Agent Salary 0 - 6 years exp. (12 salaries)	Unlock ₹1.4 L/yr - ₹3 L/yr 30% more
RBL Bank Recovery Agent Salary 0 - 3 years exp. (3 salaries)	Unlock ₹1.5 L/yr - ₹2.4 L/yr At par
Punjab National Bank Recovery Agent Salary 1 - 3 years exp. (6 salaries)	Unlock ₹1.2 L/yr - ₹3.6 L/yr 1% more
AU Small Finance Bank Recovery Agent Salary 0 - 5 years exp. (4 salaries)	Unlock ₹2 L/yr - ₹4 L/yr 59% more
Indian Bank Recovery Agent Salary 4 - 6 years exp. (4 salaries)	Unlock ₹1.8 L/yr - ₹3 L/yr 47% more
Canara Bank Recovery Agent Salary 0 - 10 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹5.5 L/yr 90% more
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Allahabad Bank Recovery Agent Salary 3 - 15 years exp. (3 salaries)	Unlock ₹1.1 L/yr - ₹2.4 L/yr 15% less
Bandhan Bank Recovery Agent Salary 1 - 3 years exp. (3 salaries)	Unlock ₹2.6 L/yr - ₹2.7 L/yr 49% more

Recovery Agent salary at State Bank of India ranges between ₹0.2 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 13 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Recovery Agent

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3 years exp.

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5 months exp.

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2 years exp.

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6 years exp.

1y ago

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1 year exp.

1y ago

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8 months exp.

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2 years exp.

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1 year exp.

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1 year exp.

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1 year exp.

Experience wise State Bank of India Recovery Agent salaries

Last Updated: 25 Sep 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹0.8 L/yr - ₹1 L/yr
1 year (4 salaries)	Unlock ₹0.2 L/yr - ₹3.5 L/yr
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2 years (3 salaries)	Unlock ₹0.2 L/yr - ₹2.8 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹3 L/yr

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Salary related reviews for State Bank of India

4.1

Rated by 5 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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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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State Bank of India Recovery Agent Salary FAQs

What is the salary of Recovery Agent at State Bank of India?

Recovery Agent salary at State Bank of India in India ranges between ₹0.2 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 27% less than the average Recovery Agent Salary in India. Salary estimates are based on 13 latest salaries received from various employees of State Bank of India India.

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

The average salary of a Recovery Agent at State Bank of India is 27% less than the average salary of a Recovery Agent in India. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a Recovery Agent in India?

Canara Bank Recovery Agent Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
AU Small Finance Bank Recovery Agent Salary - ₹2.0 Lakhs to ₹4.0 Lakhs per year
ICICI Bank Recovery Agent Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
Bandhan Bank Recovery Agent Salary - ₹2.6 Lakhs to ₹2.7 Lakhs per year
Indian Bank Recovery Agent Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year

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

HDFC Bank Recovery Agent Salary - ₹1.2 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank Recovery Agent Salary - ₹1.2 Lakhs to ₹3.7 Lakhs per year
IndusInd Bank Recovery Agent Salary - ₹1.4 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindra Bank Recovery Agent Salary - ₹1.2 Lakhs to ₹2.5 Lakhs per year
Axis Bank Recovery Agent Salary - ₹2.0 Lakhs to ₹2.2 Lakhs per year

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

The estimated take-home salary of a Recovery Agent at State Bank of India ranges between ₹12,253 per month to ₹13,582 per month in India. The take-home salary calculation is based on the average State Bank of India Recovery Agent salary in India which ranges between ₹0.2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Recovery Agent at State Bank of India?

According to AmbitionBox, 50% of the State Bank of India Recovery Agents reported a notice period of 1 Month, 33% reported a notice period of More than 3 months 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 Recovery Agent Salaries

State Bank of India Recovery Agent salary in India ranges between ₹0.2 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 State Bank of India latest salaries received from various employees of State Bank of India.