Collector Salary 2023

Collector Salary Overview

Collector Salary in India is an average of  ₹0.8 Lakh per year (₹6.7k per month). Collector salary in India with less than 1 year of experience to 9 years ranges from ₹ 0.8 Lakhs to ₹ 7.9 Lakhs with an average annual salary of ₹ 4.2 Lakhs.The average collector salary varies depending on several factors, including the type of organization they work for, their level of experience, and their geographical location. Due to the importance of their role, collectors are compensated with competitive salaries that reflect their level of responsibility and the skills they bring to the job. 

Collector Salary: Role of a Collector

Debt collection is a vital component of the financial industry, as it helps ensure that payments are made on time and helps minimize losses for organizations. Collectors are responsible for managing debt, communicating with debtors, and negotiating payment plans. Due to the importance of their role, collectors are compensated with competitive salaries that reflect their level of responsibility and the skills they bring to the job.  

Collector Salary 2023 Highlights

Collector Salary in India 2023

1. According to Glassdoor, the average Collector salary in India is INR 26,749 per month.
2. There are various factors affecting the average Collector Salary in India.
3. The average Collector Salary for a Fresher is 0.8 Lakhs per annum.
4. The major companies that hire Collectors are Tata Consultancy Services, Bajaj Allianz Life Insurance, Skywalker Trampolines and DHL Express.

Collector Salary: Responsibilities

• Management of loan closings with branch staff, lenders, and debtors.
• To optimize collections, manage, coach, and develop a team of collection associates.
• Ability to collaborate with others as part of a team to provide outstanding patient care.
• Take part in workgroups, staff meetings, and company activities.
• Complete title commitment orders and examine title reports.
• Monitor account activity to ensure that members are adhering to the terms of the agreement.
• Keep track of credit concerns, overdue accounts, and incomplete files.
• Create and handle all processing forms and documentation in accordance with legal and business norms.
• Assist with the documentation of all collecting processes and procedures.
• Create and manage retrieval systems to improve access to and utilization of collections and associated information.
• Executing routine activities requires the use of acquired work skills as well as knowledge of business regulations and procedures.
• Answer financial-related questions from internal and external contacts.
• Participate in all phases of research and assessment.
• Based on the findings, make an appropriate recommendation on whether or not to foreclose.
• Assist with data auditing by finding problems, developing audit criteria, and evaluating data.
• Monitor staff members' performance in accordance with defined criteria.
• Maintain a professional image by maintaining favorable public relations.
• Analyze data and conduct research from various sources to find and address problems or concerns.
• Maintain and disseminate product registration approval, discontinuation, and cancellation information.

Collector Salary: Qualifications

• Bachelors or Graduate's Degree in accounting, business, business administration or computer science, or equivalent experience.
• Experience with disseminating EOB information to patients and clients.
• Fluency in HIPAA protocols and policies.
• Extreme attention to detail and negotiation skills.
• A critical thinker and problem solver.
• Fluency in writing protocols.
• A leader and professional at all times.
• Demonstrated sound work ethic and multitasking capabilities.
• Skilled in time management.

Collector Salary: Experience Wise

The table below shows the collector salary based on experience:

Collector Salary: City Wise

The table below shows the collector salary based on cities in India:

Collector Salary: Company Wise

The table below shows the collector salary based on the company in India:

District Collector Salary

The District Collector of Government in India gets additional benefits. The national average salary for a District Collector is INR 2,15,529 in India.

Related Articles: