Muthoot Finance Bank Manager Salaries by 3 Employees (Updated 2024)

10 - 12 years exp.

₹3 Lakhs - ₹5.8 Lakhs

Low Confidence

Salary of majority employees

52% less than the average Bank Manager Salary in NBFC Companies for 10 - 12 years of experience

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Last Updated: 4 Jun 2023

Companies similar to Muthoot Finance for Bank Manager

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Bank Manager Salary 0 - 7 years exp. (7 salaries)	₹2.2 L/yr - ₹4 L/yr 23% less
HDFC Bank Bank Manager Salary 3 - 15 years exp. (63 salaries)	₹3.1 L/yr - ₹12.2 L/yr 79% more
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ICICI Bank Bank Manager Salary 0 - 15 years exp. (68 salaries)	₹2.7 L/yr - ₹12 L/yr 60% more
Axis Bank Bank Manager Salary 1 - 19 years exp. (57 salaries)	₹4.2 L/yr - ₹15.9 L/yr 110% more
Kotak Mahindra Bank Bank Manager Salary 0 - 11 years exp. (19 salaries)	₹2.4 L/yr - ₹7.6 L/yr 18% more
Muthoot Fincorp Bank Manager Salary 3 - 23 years exp. (4 salaries)	₹2.4 L/yr - ₹4.5 L/yr 11% less
IIFL Finance Bank Manager Salary 1 - 15 years exp. (3 salaries)	₹4 L/yr - ₹7.5 L/yr 22% more

Bank Manager salary at Muthoot Finance ranges between ₹3 Lakhs to ₹5.8 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Bank Manager salaries

Last Updated: 4 Jun 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
11 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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12 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr

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Salary related reviews for Muthoot Finance

1.0

Rated by 1 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

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

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 .

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.

Dislikes

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

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Salary Discussions, Hike & Promotions

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Salary -- Accepted Offer

I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Muthoot Finance Bank Manager Salary FAQs

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

According to AmbitionBox, 100% of the Muthoot Finance Bank Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Muthoot Finance Bank Manager Salaries

Muthoot Finance Bank Manager salary in India ranges between ₹3 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Muthoot Finance latest salaries received from various employees of Muthoot Finance.