Home > Salary > India > Collections Clerk Banking
A collections clerk in banking is responsible for managing and monitoring the collection of outstanding debts owed by customers. They work closely with customers to ensure timely payments, resolve any payment issues or disputes, and maintain accurate records of all collections activities. This role involves contacting customers via phone, email, or mail to remind them of their overdue payments, negotiate payment plans, and provide assistance or guidance on payment options. Collections clerks also handle incoming customer inquiries regarding outstanding balances, payment arrangements, and account discrepancies. They collaborate with other departments, such as credit and sales, to resolve any issues that may hinder the collection process. Strong organizational skills, attention to detail, and excellent communication skills are essential for success in this role.
Estimated Yearly Salary: 1,315,115 INR
Estimated Monthly Salary: 109,593 INR
Estimated Weekly Salary: 25,291 INR per week
Estimated Hourly Salary: 632 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 106,118 INR
Estimated Weekly Salary: 24,489 INR per week
Estimated Hourly Salary: 612 INR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 14,629 USD
Estimated Monthly Salary: 1,219 USD
Estimated Weekly Salary: 281 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 1,315,115 INR
Estimated Monthly Salary: 109,593 INR
Estimated Weekly Salary: 25,291 INR per week
Estimated Hourly Salary: 632 INR per hour
By working as Collections Clerk Banking a person can save up to 324 USD per month or 3,887 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Collections Clerk Banking
Last revision of data: 2025-01-04
Data as of 2025
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Collections Clerk Banking salary in India
Average Yearly Salary of Collections Clerk Banking in India is approximately 1,315,115 INR (14,629 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Collections Clerk Banking do?
A collections clerk in banking is responsible for managing and monitoring the collection of outstanding debts owed by customers. They work closely with customers to ensure timely payments, resolve any payment issues or disputes, and maintain accurate records of all collections activities. This role involves contacting customers via phone, email, or mail to remind them of their overdue payments, negotiate payment plans, and provide assistance or guidance on payment options. Collections clerks also handle incoming customer inquiries regarding outstanding balances, payment arrangements, and account discrepancies. They collaborate with other departments, such as credit and sales, to resolve any issues that may hinder the collection process. Strong organizational skills, attention to detail, and excellent communication skills are essential for success in this role.
Skills: Collections clerk, Banking, Debt collection, Customer service, Payment processing, Account reconciliation.
Job industry: Banking
Job industry: Banking
How much does Collections Clerk Banking make?
Salary details
How much does Collections Clerk Banking make?Estimated Yearly Salary: 1,315,115 INR
Estimated Monthly Salary: 109,593 INR
Estimated Weekly Salary: 25,291 INR per week
Estimated Hourly Salary: 632 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,273,410 INREstimated Monthly Salary: 106,118 INR
Estimated Weekly Salary: 24,489 INR per week
Estimated Hourly Salary: 612 INR per hour
Last revision of data: 2024-01-03Collections Clerk Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 14,629 USD
Estimated Monthly Salary: 1,219 USD
Estimated Weekly Salary: 281 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Collections Clerk Banking job salary compared to average salary in India.
Comparison shows that a person working as Collections Clerk Banking in India earns on average:
0.71 times the average salary (or 71% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Collections Clerk Banking job salary compared to average salary in India.
Comparison shows that a person working as Collections Clerk Banking in India earns on average:
0.71 times the average salary (or 71% of average salary).
Is Collections Clerk Banking a well paid job?
No, our data shows that Collections Clerk Banking is typically not a well-paid job. The salary varies based on experience. Meaning that even though Collections Clerk Banking might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Collections Clerk Banking?
High salary for Collections Clerk Banking would be somewhere between 1,446,627 INR and 1,906,917 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Collections Clerk Banking in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 1,315,115 INR
Estimated Monthly Salary: 109,593 INR
Estimated Weekly Salary: 25,291 INR per week
Estimated Hourly Salary: 632 INR per hour
By working as Collections Clerk Banking a person can save up to 324 USD per month or 3,887 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Collections Clerk Banking
Pakistan is 1,038 USD
China is 8,389 USD
Nepal is 4,802 USD
Bangladesh is 1,852 USD
Afghanistan is 3,931 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
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Data as of 2025Random salary:
Fire fighter (1,610,252 INR per year, pre-tax.)
Senior test engineer (4,016,996 INR per year, pre-tax.)
Piece work checker (1,207,530 INR per year, pre-tax.)
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