Muthoot Finance Area Manager Salaries by 6 Employees (Updated 2025)

10 - 18 years exp.

₹3.5 Lakhs - ₹8.8 Lakhs

Low Confidence

Salary of majority employees

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39% less than the average Area Manager Salary in NBFC Companies for 10 - 18 years of experience

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Last Updated: 14 Jul 2024

Companies similar to Muthoot Finance for Area Manager

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Area Manager Salary 3 - 8 years exp. (124 salaries)	Unlock ₹2.9 L/yr - ₹6.6 L/yr 11% less
Shriram Finance Area Manager Salary 2 - 19 years exp. (6 salaries)	Unlock ₹3 L/yr - ₹9 L/yr 3% less
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Bajaj Finance Area Manager Salary 5 - 16 years exp. (229 salaries)	Unlock ₹5.2 L/yr - ₹15.5 L/yr 70% more	233 job openings
HDFC Bank Area Manager Salary 6 - 17 years exp. (76 salaries)	Unlock ₹5.7 L/yr - ₹20 L/yr 105% more
LIC Housing Finance Area Manager Salary 5 - 11 years exp. (29 salaries)	Unlock ₹9 L/yr - ₹25 L/yr 215% more
ICICI Bank Area Manager Salary 2 - 17 years exp. (88 salaries)	Unlock ₹4.3 L/yr - ₹11.5 L/yr 46% more
Axis Bank Area Manager Salary 6 - 16 years exp. (137 salaries)	Unlock ₹4.5 L/yr - ₹16.2 L/yr 67% more
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Aditya Birla Finance Area Manager Salary 4 - 10 years exp. (8 salaries)	Unlock ₹10.5 L/yr - ₹15 L/yr 83% more
Muthoot Fincorp Area Manager Salary 7 - 20 years exp. (218 salaries)	Unlock ₹3.2 L/yr - ₹10.1 L/yr 27% more
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HDB Financial Services Area Manager Salary 7 - 17 years exp. (217 salaries)	Unlock ₹6 L/yr - ₹15.3 L/yr 77% more	6 job openings
Mahindra Finance Area Manager Salary 4 - 19 years exp. (98 salaries)	Unlock ₹3.5 L/yr - ₹14 L/yr 36% more
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L&T Finance Area Manager Salary 5 - 12 years exp. (32 salaries)	Unlock ₹4.9 L/yr - ₹15 L/yr 43% more
IIFL Finance Area Manager Salary 4 - 17 years exp. (32 salaries)	Unlock ₹3.9 L/yr - ₹14.1 L/yr 39% more	1 job opening
Poonawalla Fincorp Area Manager Salary 5 - 13 years exp. (29 salaries)	Unlock ₹2.7 L/yr - ₹9 L/yr 5% less
SK Finance Limited Area Manager Salary 8 - 18 years exp. (28 salaries)	Unlock ₹5 L/yr - ₹12.8 L/yr 43% more
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Area Manager salary at Muthoot Finance ranges between ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Area Manager salaries

Last Updated: 14 Jul 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹10.5 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹5.3 L/yr - ₹6.7 L/yr
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12 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹10.6 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹10.6 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹7 L/yr
15+ years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹8.8 L/yr

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Top skills at Muthoot Finance for Area Manager

Retail Foreign Exchange Client Relationship Sales Forex

Salary related reviews for Muthoot Finance

4.5

Rated by 4 employees for salary & benefits

Deputy Manager in Rae Bareli

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2024

3.0

for Salary and Benefits

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

Skill development - Good

+4 more

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

Promotions - Poor

Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 28 Oct 2024

4.0

for Salary and Benefits

Likes

1.Market approach 2.On time salary and incentives 3.Accessible and easy to search services 4. Old and most known name in gold loan in market 5.brand goodwill

Salary - Good

+2 more

Dislikes

1. Security issues (unnecessary burden on employee) 2. It is like a high security jail 3. Unnecessary sales burden 4. Focus day ( no decreased roi no high per gram rate then it is illogical) 5. Sunday/night visit ( it should be the job done by security guard) 6. A number of products to sale with daily basis target (nobody can achieve all in a day) 7. Anybody unknown or new joinee in corporate or regional office can call you, threatened you,harrased you to complete his task on given time . 8. High rate of interest, difficult to add new customer comparing other banks and NBFC's 9. Muthoot most rust thing it's penalties ( a normal customer pays a lot extra RBI is still watching this fraud.

Job security - Bad

+3 more

Deputy Manager in Bhubaneswar

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Salary always credited in right time

Dislikes

Dividing the staff with religion Similar promotion and pay not available.Very politics on staff promotion Higher Authorities and very bad Paying very less payment Not employee friendly oriented company

Salary - Bad

+6 more

Branch Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

Salary - Bad

+6 more

Branch Manager in Bhuj

Full Time

Sales & Business Development Department

5.0

• posted on 01 Sep 2023

2.0

for Salary and Benefits

Likes

Company with good work culture and integrity. Company's marketing strategies and branding help us most for business generation. Audit team is always caring for customer's concern and company's image.

Skill development - Excellent

+4 more

Dislikes

Salary is not as per expectation compared to other competitors companies.

Salary - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

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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Muthoot Finance Area Manager Salary FAQs

What is the salary of Area Manager at Muthoot Finance?

Area Manager salary at Muthoot Finance in India ranges between ₹3.5 Lakhs to ₹8.8 Lakhs for experience between 10 years to 18 years. According to our estimates it is 39% less than the average Area Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Area Manager at Muthoot Finance is 39% less than the average salary of a Area Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Area Manager at Muthoot Finance?

Retail, Foreign Exchange, Client Relationship, Sales and Forex are some of the popular skills required to work as a Area Manager at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a Area Manager in India?

LIC Housing Finance Area Manager Salary - ₹9.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindra Bank Area Manager Salary - ₹7.0 Lakhs to ₹27.0 Lakhs per year
Tata Capital Housing Finance Area Manager Salary - ₹12.0 Lakhs to ₹20.0 Lakhs per year
TVS Credit Area Manager Salary - ₹7.2 Lakhs to ₹21.0 Lakhs per year
HDFC Bank Area Manager Salary - ₹5.7 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Area Manager in companies similar to Muthoot Finance in India?

SMFG India Credit Area Manager Salary - ₹9.1 Lakhs to ₹16.9 Lakhs per year
Aditya Birla Finance Area Manager Salary - ₹10.5 Lakhs to ₹15.0 Lakhs per year
HDB Financial Services Area Manager Salary - ₹6.0 Lakhs to ₹15.3 Lakhs per year
PNB Housing Finance Area Manager Salary - ₹8.3 Lakhs to ₹11.0 Lakhs per year
Mahindra Rural Housing Finance Area Manager Salary - ₹9.3 Lakhs to ₹14.0 Lakhs per year

What is the estimated take home salary of a Area Manager at Muthoot Finance in India?

The estimated take-home salary of a Area Manager at Muthoot Finance ranges between ₹44,569 per month to ₹45,666 per month in India. The take-home salary calculation is based on the average Muthoot Finance Area Manager salary in India which ranges between ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 10 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Muthoot Finance?

According to AmbitionBox, 40% of the Muthoot Finance Area Managers reported a notice period of 1 Month, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Muthoot Finance Area Manager Salaries

Muthoot Finance Area Manager salary in India ranges between ₹3.5 Lakhs to ₹8.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.