Veritas Finance Madurai Collections Manager Salaries by 5 Employees

4 - 7 years exp.

₹2 Lakhs - ₹3.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

45% less than the average Collections Manager Salary in NBFC Companies for 4 - 7 years of experience

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Salaries in different departments

Finance & Accounting Collections Manager Salary 4 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹3.2 L/yr
BFSI, Investments & Trading Collections Manager Salary 7 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3 L/yr
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Sales & Business Development Collections Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3 L/yr

Last Updated: 26 Dec 2024

Companies similar to Veritas Finance for Collections Manager in Madurai

Veritas Finance Collections Manager Salary

4 - 7 years exp. (5 salaries)

₹2 L/yr - ₹3.2 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Collections Manager Salary 5 - 12 years exp. (6 salaries)	₹4.2 L/yr - ₹8.5 L/yr 98% more
Aditya Birla Finance Collections Manager Salary 6 - 9 years exp. (4 salaries)	₹5 L/yr - ₹8.5 L/yr 125% more
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SMFG India Credit Collections Manager Salary 5 - 8 years exp. (4 salaries)	₹4 L/yr - ₹5 L/yr 58% more
Shriram Finance Collections Manager Salary 2 - 7 years exp. (5 salaries)	₹2.4 L/yr - ₹3.8 L/yr 17% more
Yes Bank Collections Manager Salary 6 - 11 years exp. (4 salaries)	₹5.4 L/yr - ₹8.4 L/yr 143% more

Collections Manager salary at Veritas Finance ranges between ₹2 Lakhs to ₹3.2 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Veritas Finance.

Experience wise Veritas Finance Collections Manager salaries in Madurai

Last Updated: 26 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

From

Collections Manager

3 - 7 years exp.

Branch Receivable Manager

3 - 9 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Veritas Finance

Branch Manager Salary

(4 salaries)

₹3.8 L/yr - ₹5.46 L/yr

Salary related reviews for Veritas Finance

5.0

Rated by 1 employees for salary & benefits

Area Receivables Manager in Madurai

Full Time

Finance & Accounting Department

4.0

• posted on 04 Feb 2025

4.0

for Salary and Benefits

Likes

Company, salary, Manegement team is good

Salary - Good

+2 more

Dislikes

Local Politics is higher side in our regional head position staffs. Dummy powers in AM and ARM reason for local Politics. All decisions are take our Regional head. Pls rectify the problems.

Job security - Poor

+2 more

Management Trainee in Indore

Full Time

Finance & Accounting Department

2.0

• posted on 14 Aug 2024

3.0

for Salary and Benefits

Likes

They always paid on time.

Job security - Good

Dislikes

Work cultural is similar to MFI because internal promotee and external hiring both are having MFI mind state which kills potential of many skilled employees and also disbalance work life environment.

Skill development - Poor

+4 more

Assistant Branch Manager in Chennai

Full Time

Other Department

5.0

• posted on 06 Dec 2023

5.0

for Salary and Benefits

Likes

Our company is very good & respected organization. Like Covid time very helpful on time salary credited & Incentive conveyance early credited at the time festival. At the field facing customer handling & our superior bosses close relationship all are contact with easily. Veritas finance is working culture very safe & secured job.

Salary - Excellent

+6 more

Dislikes

Our company some applications & example LOS LMS (Customer App) every time to struck handled some difficulties. Example recent disbursement case & Renewal cases are Customer app not working properly.

Branch Credit Manager in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 06 Dec 2023

5.0

for Salary and Benefits

Likes

Company working culture and security is very well and salary benifits also so good in the company and I have happy working with this company, No Work Pressure as such, People are Friendly, Easy reach to top management,in the company state head sir to my reporting managers they are will give me good guidance and good support t

Salary - Excellent

+6 more

Dislikes

Nothing else

Cluster Business Manager in Kendrapara

Full Time

Sales & Business Development Department

5.0

• posted on 15 Dec 2023

5.0

for Salary and Benefits

Likes

I enjoy my workplace. I would say really it has friendly atmosphere team work nature. All are very cooperative I like my work culture in my office. There was a perfect work life balance. I never had stress while working. Thanks to Veritas for giving me this opertunity.

Salary - Excellent

+6 more

Dislikes

Low pay

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Veritas Finance Collections Manager Salary FAQs

What is the salary of Collections Manager at Veritas Finance in Madurai?

The average salary of a Collections Manager at Veritas Finance in Madurai typically ranges from ₹2.0 Lakhs to ₹3.2 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Collections Manager in Madurai at Veritas Finance earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Collections Manager Salaries at Veritas Finance 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 5 Veritas Finance employees in India.

What is the estimated take home salary of a Collections Manager at Veritas Finance in Madurai?

The estimated take-home salary of a Collections Manager at Veritas Finance in Madurai typically ranges from ₹21,591 to ₹23,081 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.2 Lakhs per year for employees with experience ranging from 4 years to 7 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 5 salaries received from various employees of Veritas Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Veritas Finance for Collections Manager in India?

Yes Bank	₹5.4 Lakhs to ₹8.4 Lakhs per year
Aditya Birla Finance	₹5.0 Lakhs to ₹8.5 Lakhs per year
L&T Finance	₹4.2 Lakhs to ₹8.5 Lakhs per year
SMFG India Credit	₹4.0 Lakhs to ₹5.0 Lakhs per year
Shriram Finance	₹2.4 Lakhs to ₹3.8 Lakhs per year

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

How the salary growth look like for a Collections Manager at Veritas Finance in Madurai?

The salary growth for a Collections Manager at Veritas Finance in Madurai depends on factors such as experience, performance, and promotions. On average, a Collections Manager in Madurai can expect the following growth trajectory at Veritas Finance:

Experience	Average Salary Range
4 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
5 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
6 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
7 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Veritas Finance Collections Manager Salaries in Madurai

Veritas Finance Collections Manager salary in Madurai ranges between ₹2 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Veritas Finance latest salaries received from various employees of Veritas Finance.