Micro Finance Branch Manager Salaries by 20+ Employees (Updated 2024)

1 - 8 years exp.

₹2 Lakhs - ₹4 Lakhs

Salary of majority employees

63% less than the average Branch Manager Salary in Financial Services Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 1 - 7 years exp. (11 salaries)	₹2.2 L/yr - ₹3.5 L/yr
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Finance & Accounting Branch Manager Salary 3 - 8 years exp. (7 salaries)	₹2.7 L/yr - ₹3.7 L/yr

Last Updated: 17 Jul 2024

Companies similar to Micro Finance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Branch Manager Salary 7 - 17 years exp. (321 salaries)	₹4.5 L/yr - ₹14 L/yr 177% more
Jana Small Finance Bank Branch Manager Salary 6 - 16 years exp. (313 salaries)	₹3.8 L/yr - ₹14.5 L/yr 163% more	1 job opening
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ESAF Small Finance Bank Branch Manager Salary 5 - 15 years exp. (338 salaries)	₹3.2 L/yr - ₹13 L/yr 146% more
Equitas Small Finance Bank Branch Manager Salary 5 - 16 years exp. (254 salaries)	₹3.6 L/yr - ₹14 L/yr 150% more
Utkarsh Small Finance Bank Branch Manager Salary 5 - 15 years exp. (261 salaries)	₹3.2 L/yr - ₹13 L/yr 146% more
Muthoot Finance Branch Manager Salary 2 - 18 years exp. (538 salaries)	₹1.8 L/yr - ₹7.5 L/yr 53% more	1 job opening
Manappuram Finance Branch Manager Salary 1 - 8 years exp. (220 salaries)	₹1.8 L/yr - ₹6 L/yr 18% more
Spandana Sphoorty Financial Branch Manager Salary 2 - 6 years exp. (148 salaries)	₹1.1 L/yr - ₹6.1 L/yr 11% more
Bajaj Finance Branch Manager Salary 4 - 12 years exp. (116 salaries)	₹2.9 L/yr - ₹8.2 L/yr 80% more	3 job openings
Svatantra Microfin Branch Manager Salary 2 - 8 years exp. (103 salaries)	₹2.1 L/yr - ₹5.5 L/yr 12% more
Satin Creditcare Network Branch Manager Salary 3 - 10 years exp. (172 salaries)	₹2.2 L/yr - ₹5 L/yr 9% more	1 job opening
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Cholamandalam Investment & Finance Branch Manager Salary 5 - 12 years exp. (71 salaries)	₹2.8 L/yr - ₹8.9 L/yr 94% more
Manappuram Home Finance Branch Manager Salary 3 - 13 years exp. (18 salaries)	₹3.3 L/yr - ₹7.6 L/yr 56% more
Ujjivan Financial Services Branch Manager Salary 2 - 12 years exp. (12 salaries)	₹3.3 L/yr - ₹9.5 L/yr 100% more	2 job openings
Karvy Financial Services Branch Manager Salary 6 - 13 years exp. (9 salaries)	₹3.5 L/yr - ₹7.5 L/yr 49% more
HSBC Group Branch Manager Salary 1 - 9 years exp. (5 salaries)	₹10.5 L/yr - ₹15.4 L/yr 282% more
HDFC Sales Branch Manager Salary 5 - 10 years exp. (4 salaries)	₹2.5 L/yr - ₹5.5 L/yr 14% more
Citicorp Branch Manager Salary 4 - 11 years exp. (3 salaries)	₹6 L/yr - ₹25.5 L/yr 382% more

Branch Manager salary at Micro Finance ranges between ₹2 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 22 latest salaries received from various employees of Micro Finance.

Experience wise Micro Finance Branch Manager salaries

Last Updated: 17 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹5.8 L/yr
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.8 L/yr
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3 years (5 salaries)	₹2.7 L/yr - ₹3.5 L/yr
4 years (4 salaries)	₹2.2 L/yr - ₹3.5 L/yr
5 years (3 salaries)	₹3 L/yr - ₹4 L/yr
6 years (3 salaries)	₹2.3 L/yr - ₹3.4 L/yr
7 years (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
8 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.4 L/yr

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Similar Designation salaries in Micro Finance

Area Manager Salary

(7 salaries)

₹3.5 L/yr - ₹6.15 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Branch Head Salary

(4 salaries)

₹2.9 L/yr - ₹8.5 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Branch Manager Salary

(4 salaries)

₹3.8 L/yr - ₹4.3 L/yr

Cluster Manager Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Relationship Manager Salary

(3 salaries)

₹1.7 L/yr - ₹3.4 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Salary related reviews for Micro Finance

4.2

Rated by 6 employees for salary & benefits

Risk Manager in Hyderabad / Secunderabad

Finance Department

5.0

• posted on 27 Dec 2017

4.0

for Salary and Benefits

Likes

The company is just a star up organisation so it was direct reporting to the bosses and all the employees are well treated as like as the family members.

Dislikes

Huge deductions in salary and no yearly bonus at all

SQL Database Administrator in Addis Ababa

Engineering - Software & QA Department

3.0

• posted on 24 Jul 2018

3.0

for Salary and Benefits

Likes

I like wasasa Microfinance Institution because of they have career growth and salary appraisal depending on performance of employees. And have travel service.

Dislikes

I dislike wasasa Microfinance cannot provide training and Education opportunities.

Assistant General Manager in Hyderabad / Secunderabad

BFSI, Investments & Trading Department

4.0

• posted on 15 Jul 2019

4.0

for Salary and Benefits

Likes

The sector gave me opportunity to bring smiles on the faces of deprived women who are in dire need of money to expand their livelihood. The sector not only helps the women in availing loans but helps them by educating through financial literacy, they tend to save money and invest it wisely. At the end of the day this job gave recognition in the community as their mentor and I feel proud when people express their gratitude for bringing change in their lives.

Dislikes

Many people see this sector as petty money lenders, and think that there are huge profits in the sector. This compels people to start micro finance without really understanding the essence of it. This situation is resulting in mushrooming micro finance organisations and developing unhealthy competition. In some cases the women who fail to repay are exploited in all sorts.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Micro Finance Branch Manager Salary FAQs

What is the salary of Branch Manager at Micro Finance?

Branch Manager salary at Micro Finance in India ranges between ₹2.0 Lakhs to ₹4.0 Lakhs for experience between 1 years to 8 years. According to our estimates it is 63% less than the average Branch Manager Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Micro Finance India.

How does the salary of a Branch Manager at Micro Finance India compare with the average salary range for this job?

The average salary of a Branch Manager at Micro Finance is 63% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Micro Finance to a Branch Manager in India?

Citicorp Branch Manager Salary - ₹6.0 Lakhs to ₹25.5 Lakhs per year
HSBC Group Branch Manager Salary - ₹10.5 Lakhs to ₹15.4 Lakhs per year
Ujjivan Small Finance Bank Branch Manager Salary - ₹4.5 Lakhs to ₹14.0 Lakhs per year
Jana Small Finance Bank Branch Manager Salary - ₹3.8 Lakhs to ₹14.5 Lakhs per year
Equitas Small Finance Bank Branch Manager Salary - ₹3.6 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Branch Manager in companies similar to Micro Finance in India?

ESAF Small Finance Bank Branch Manager Salary - ₹3.2 Lakhs to ₹13.0 Lakhs per year
Utkarsh Small Finance Bank Branch Manager Salary - ₹3.2 Lakhs to ₹13.0 Lakhs per year
Ujjivan Financial Services Branch Manager Salary - ₹3.3 Lakhs to ₹9.5 Lakhs per year
Cholamandalam Investment & Finance Branch Manager Salary - ₹2.8 Lakhs to ₹8.9 Lakhs per year
Bajaj Finance Branch Manager Salary - ₹2.9 Lakhs to ₹8.2 Lakhs per year

What is the estimated take home salary of a Branch Manager at Micro Finance in India?

The estimated take-home salary of a Branch Manager at Micro Finance ranges between ₹23,798 per month to ₹25,255 per month in India. The take-home salary calculation is based on the average Micro Finance Branch Manager salary in India which ranges between ₹2.0 Lakhs to ₹4.0 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at Micro Finance?

According to AmbitionBox, 45% of the Micro Finance Branch Managers reported a notice period of 1 Month, 37% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

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Micro Finance Branch Manager salary in India ranges between ₹2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Micro Finance latest salaries received from various employees of Micro Finance.

Micro Finance Branch Manager salaries in India

Companies similar to Micro Finance for Branch Manager

Latest annual salaries shared by Micro Finance Branch Manager

Experience wise Micro Finance Branch Manager salaries

Similar Designation salaries in Micro Finance

Salary related reviews for Micro Finance

Risk Manager in Hyderabad / Secunderabad

SQL Database Administrator in Addis Ababa

Assistant General Manager in Hyderabad / Secunderabad

Micro Finance Branch Manager Salary FAQs

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Micro Finance Branch Manager Salaries by Location