Muthoot Finance Mumbai Assistant Branch Manager Salaries by 10+ Employees (Updated 2024)

3 - 15 years exp.

₹3.1 Lakhs - ₹6.2 Lakhs

Salary of majority employees

18% less than the average Assistant Branch Manager Salary in NBFC Companies for 3 - 15 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Assistant Branch Manager Salary 7 - 12 years exp. (7 salaries)	₹4 L/yr - ₹6.2 L/yr
Finance & Accounting Assistant Branch Manager Salary 3 - 8 years exp. (5 salaries)	₹3.2 L/yr - ₹5.1 L/yr
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Customer Success, Service & Operations Assistant Branch Manager Salary 10 - 15 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5 L/yr
Sales & Business Development Assistant Branch Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.8 L/yr

Last Updated: 9 Dec 2024

Companies similar to Muthoot Finance for Assistant Branch Manager in Mumbai

Muthoot Finance Assistant Branch Manager Salary

3 - 15 years exp. (15 salaries)

₹3.1 L/yr - ₹6.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Branch Manager Salary 3 - 12 years exp. (23 salaries)	₹2.8 L/yr - ₹11 L/yr 31% more
ICICI Bank Assistant Branch Manager Salary 0 - 9 years exp. (59 salaries)	₹3 L/yr - ₹7.5 L/yr 11% more
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Axis Bank Assistant Branch Manager Salary 2 - 4 years exp. (3 salaries)	₹4 L/yr - ₹4.6 L/yr 6% less
IIFL Finance Assistant Branch Manager Salary 3 - 9 years exp. (9 salaries)	₹2.7 L/yr - ₹4.6 L/yr 14% less
Muthoot Fincorp Assistant Branch Manager Salary 4 - 9 years exp. (7 salaries)	₹2.1 L/yr - ₹3.5 L/yr 33% less
Manappuram Finance Assistant Branch Manager Salary 1 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹2.5 L/yr 48% less

Assistant Branch Manager salary at Muthoot Finance ranges between ₹3.1 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 15 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Assistant Branch Manager salaries in Mumbai

Last Updated: 9 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.7 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹7.9 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8.1 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹6.2 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
11 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹8.8 L/yr
12 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹9 L/yr
13 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
14 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
15+ years (AmbitionBox Estimate)	₹5 L/yr - ₹9.5 L/yr

View all

Similar Designation salaries in Muthoot Finance

Junior Relationship Executive Salary

(94 salaries)

₹1.45 L/yr - ₹4 L/yr

JRE Salary

(16 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Credit Manager Salary

(12 salaries)

₹3.5 L/yr - ₹6 L/yr

Gold Loan Executive Salary

(7 salaries)

₹1.2 L/yr - ₹2.89 L/yr

Branch Head Salary

(6 salaries)

₹3.85 L/yr - ₹5.5 L/yr

Gold Loan Officer Salary

(4 salaries)

₹2.2 L/yr - ₹3.55 L/yr

Top skills at Muthoot Finance for Assistant Branch Manager

Sales Team Handling Branch Operations Business Development Branch Handling Heading Branch Branch Management Operations Branch Sales Gold Loan Branch Banking Banking Operations NBFC Auditing Banking

Salary related reviews for Muthoot Finance

3.0

Rated by 1 employees for salary & benefits

Assistant Branch Manager in Indore

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 06 Oct 2023

2.0

for Salary and Benefits

Likes

Provided best customer service as well as various schemes for customers

Dislikes

Not beneficial for employees very less salary and growth opportunities. Thay don't have any value for there existing and resined employees. Very disappointing.

Assistant Branch Manager in Yeola

Full Time

Finance & Accounting Department

1.0

• posted on 12 May 2021

1.0

for Salary and Benefits

Likes

Treating employee as a liability not as an asset of the company. Company policy made in favors of company only, customers and employees are in least place in company's policy.

Dislikes

Training is good, salary is poor, you have to take lots of follow-ups with admin for settlement of any reimbursements/bills, treating employee as a profit earning center (Lots of recovery plan is there in the company). Treatment to branch employees by corporate office is not good.

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

Dislikes

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

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

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.

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

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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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Muthoot Finance Assistant Branch Manager Salary FAQs

What is the salary of Assistant Branch Manager at Muthoot Finance Mumbai?

Assistant Branch Manager salary at Muthoot Finance in Mumbai ranges between ₹3.1 Lakhs to ₹6.2 Lakhs for experience between 3 years to 15 years. According to our estimates it is 18% less than the average Assistant Branch Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Muthoot Finance Mumbai.

How does the salary of a Assistant Branch Manager at Muthoot Finance Mumbai compare with the average salary range for this job?

The average salary of a Assistant Branch Manager at Muthoot Finance is 18% less than the average salary of a Assistant Branch Manager in Mumbai. To know exact salary insights, login to view.

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

Sales, Team Handling, Branch Operations, Business Development and Branch Handling are some of the popular skills required to work as a Assistant Branch Manager at Muthoot Finance Mumbai.

Which similar companies are paying more than Muthoot Finance to a Assistant Branch Manager in Mumbai?

HDFC Bank Assistant Branch Manager Salary - ₹2.8 Lakhs to ₹11.0 Lakhs per year
ICICI Bank Assistant Branch Manager Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year

What is the salary of a Assistant Branch Manager in companies similar to Muthoot Finance in Mumbai?

Axis Bank Assistant Branch Manager Salary - ₹4.0 Lakhs to ₹4.6 Lakhs per year
IIFL Finance Assistant Branch Manager Salary - ₹2.7 Lakhs to ₹4.6 Lakhs per year
Muthoot Fincorp Assistant Branch Manager Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year
Manappuram Finance Assistant Branch Manager Salary - ₹1.2 Lakhs to ₹2.5 Lakhs per year

What is the estimated take home salary of a Assistant Branch Manager at Muthoot Finance in Mumbai?

The estimated take-home salary of a Assistant Branch Manager at Muthoot Finance ranges between ₹35,798 per month to ₹37,026 per month in Mumbai. The take-home salary calculation is based on the average Muthoot Finance Assistant Branch Manager salary in India which ranges between ₹3.1 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Assistant Branch Manager at Muthoot Finance in Mumbai?

According to AmbitionBox, 40% of the Muthoot Finance Assistant Branch Managers in Mumbai 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 10 responses on AmbitionBox in last 2 years.

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Muthoot Finance Assistant Branch Manager Salaries in Mumbai

Muthoot Finance Assistant Branch Manager salary in Mumbai ranges between ₹3.1 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Muthoot Finance latest salaries received from various employees of Muthoot Finance.