Muthoot Finance Banker Salaries by 4 Employees (Updated 2024)

1 - 6 years exp.

₹1.5 Lakh - ₹3.2 Lakhs

Low Confidence

Salary of majority employees

42% less than the average Banker Salary in NBFC Companies for 1 - 6 years of experience

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Salaries in different departments

Finance & Accounting Banker Salary 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Sales & Business Development Banker Salary 6 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.9 L/yr

Last Updated: 21 Jul 2024

Companies similar to Muthoot Finance for Banker

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Banker Salary 0 - 4 years exp. (3 salaries)	₹2 L/yr - ₹4.5 L/yr 20% more
Bajaj Finance Banker Salary 1 - 8 years exp. (7 salaries)	₹2.2 L/yr - ₹3.2 L/yr 4% more
Login to view exact salary
HDFC Bank Banker Salary 0 - 8 years exp. (266 salaries)	₹1.2 L/yr - ₹8 L/yr 45% more
ICICI Bank Banker Salary 0 - 7 years exp. (401 salaries)	₹1.5 L/yr - ₹9 L/yr 60% more
Axis Bank Banker Salary 0 - 7 years exp. (190 salaries)	₹1.4 L/yr - ₹8.4 L/yr 50% more
Kotak Mahindra Bank Banker Salary 0 - 8 years exp. (121 salaries)	₹2 L/yr - ₹6 L/yr 35% more
HDB Financial Services Banker Salary 2 - 11 years exp. (25 salaries)	₹1.8 L/yr - ₹4.5 L/yr At par
IIFL Finance Banker Salary 1 - 7 years exp. (6 salaries)	₹1.6 L/yr - ₹3.6 L/yr 2% more
Muthoot Fincorp Banker Salary 1 - 8 years exp. (5 salaries)	₹1.8 L/yr - ₹3.6 L/yr 7% more
Kotak Mahindra Prime Banker Salary 1 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹2.5 L/yr 10% less

Banker salary at Muthoot Finance ranges between ₹1.5 Lakh to ₹3.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Banker salaries

Last Updated: 21 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr

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Sales Manager Salary

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₹3.5 L/yr - ₹9.6 L/yr

Senior Analyst Salary

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₹5 L/yr - ₹6.3 L/yr

Quality Analyst Salary

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₹4.4 L/yr - ₹5.6 L/yr

Sales Executive Salary

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₹1.4 L/yr - ₹4 L/yr

Operations Manager Salary

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₹2.05 L/yr - ₹7.5 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Top skills at Muthoot Finance for Banker

Compliance LI Banking Customer Service

Salary related reviews for Muthoot Finance

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

Customer Care Executive in New Delhi

Full Time

Human Resources Department

5.0

• posted on 28 May 2024

4.0

for Salary and Benefits

Likes

Muthoot finance is a professional company and all the workers working in the company are given timely salary and promotion. Muthoot finance is a good company for newly joined employees to improve their career.

Dislikes

Muthoot finance is not A bad company for me. So I won't say bad.

Customer Care Executive in Agra

Full Time

Sales & Business Development Department

2.0

• posted on 06 May 2023

2.0

for Salary and Benefits

Likes

I like about working at muthoot finance some policies are good..

Dislikes

I just share my review for muthoot finance there is some policies are not favour of staff like salary, promotion and leaves and holidays. There is old staff future is not bright because they are taking a lots of time for promotion and also salary is very low is this inflation time and new staff and old staff salary is mostly same.. there is second and fourth saturday is also working when most of the banks and NBFC is closed, festival holiday is so low.. so its not my request that is all staff request please understand the whole staff needs who working in muthoot finance ..some times they give the pressure to staff.. They have submitted the all staff original documents like marksheet so thats not correct..

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 .

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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 Banker Salary FAQs

What is the salary of Banker at Muthoot Finance?

Banker salary at Muthoot Finance in India ranges between ₹1.5 Lakhs to ₹3.2 Lakhs for experience between 1 years to 6 years. According to our estimates it is 42% less than the average Banker Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Banker at Muthoot Finance is 42% less than the average salary of a Banker in India. To know exact salary insights, login to view.

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

Compliance, LI, Banking and Customer Service are some of the popular skills required to work as a Banker at Muthoot Finance India.

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

ICICI Bank Banker Salary - ₹1.5 Lakhs to ₹9.0 Lakhs per year
Axis Bank Banker Salary - ₹1.4 Lakhs to ₹8.4 Lakhs per year
HDFC Bank Banker Salary - ₹1.2 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindra Bank Banker Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
Manappuram Finance Banker Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year

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

Muthoot Fincorp Banker Salary - ₹1.8 Lakhs to ₹3.6 Lakhs per year
Bajaj Finance Banker Salary - ₹2.2 Lakhs to ₹3.2 Lakhs per year
IIFL Finance Banker Salary - ₹1.6 Lakhs to ₹3.6 Lakhs per year
HDB Financial Services Banker Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindra Prime Banker Salary - ₹2.2 Lakhs to ₹2.5 Lakhs per year

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

The estimated take-home salary of a Banker at Muthoot Finance ranges between ₹18,165 per month to ₹19,855 per month in India. The take-home salary calculation is based on the average Muthoot Finance Banker salary in India which ranges between ₹1.5 Lakhs to ₹3.2 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Banker at Muthoot Finance?

According to AmbitionBox, 33% of the Muthoot Finance Bankers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Finance Banker Salaries

Muthoot Finance Banker salary in India ranges between ₹1.5 Lakh to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.