Muthoot Finance Banking Officer Salaries by 9 Employees (Updated 2025)

1 - 4 years exp.

₹1.2 Lakh - ₹4 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Banking Officer Salary in NBFC Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Banking Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.5 L/yr
Customer Success, Service & Operations Banking Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.2 L/yr
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Finance & Accounting Banking Officer Salary 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.3 L/yr

Last Updated: 4 Jan 2025

Companies similar to Muthoot Finance for Banking Officer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Banking Officer Salary 0 - 7 years exp. (11 salaries)	₹1.9 L/yr - ₹6 L/yr 62% more
Shriram Finance Banking Officer Salary 0 - 6 years exp. (7 salaries)	₹1.8 L/yr - ₹4.5 L/yr 33% more
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Bajaj Finance Banking Officer Salary 1 - 6 years exp. (5 salaries)	₹2.8 L/yr - ₹3.7 L/yr 58% more
HDFC Bank Banking Officer Salary 0 - 8 years exp. (442 salaries)	₹1 L/yr - ₹6 L/yr 37% more
ICICI Bank Banking Officer Salary 0 - 6 years exp. (567 salaries)	₹1 L/yr - ₹6.7 L/yr 54% more
Axis Bank Banking Officer Salary 0 - 6 years exp. (219 salaries)	₹1.5 L/yr - ₹5.6 L/yr 46% more
Kotak Mahindra Bank Banking Officer Salary 1 - 6 years exp. (191 salaries)	₹1.6 L/yr - ₹6 L/yr 49% more
HDB Financial Services Banking Officer Salary 0 - 6 years exp. (148 salaries)	₹1.2 L/yr - ₹4 L/yr 10% more
IDFC FIRST Bharat Banking Officer Salary 2 - 4 years exp. (24 salaries)	₹1.9 L/yr - ₹4.5 L/yr 33% more
Kotak Mahindra Prime Banking Officer Salary 1 - 9 years exp. (9 salaries)	₹3 L/yr - ₹4.3 L/yr 50% more
IIFL Finance Banking Officer Salary 1 - 4 years exp. (7 salaries)	₹2 L/yr - ₹4.5 L/yr 33% more
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Bharat Financial Inclusion Banking Officer Salary 1 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹2.8 L/yr 3% less
SMFG India Credit Banking Officer Salary 0 - 3 years exp. (5 salaries)	₹1.9 L/yr - ₹2.8 L/yr 6% more
Satin Creditcare Network Banking Officer Salary 2 - 9 years exp. (4 salaries)	₹2.5 L/yr - ₹2.8 L/yr 18% more
Muthoot Microfin Banking Officer Salary 0 - 2 years exp. (4 salaries)	₹3 L/yr - ₹5 L/yr 60% more
Aavas Financiers Banking Officer Salary 1 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr 12% more
Sammaan Capital Limited Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.7 L/yr - ₹10.8 L/yr 202% more
Capri Global Capital Banking Officer Salary 1 - 13 years exp. (3 salaries)	₹1.5 L/yr - ₹5.5 L/yr 82% more
PNB Housing Finance Banking Officer Salary 5 - 9 years exp. (3 salaries)	₹2.9 L/yr - ₹6 L/yr 128% more
TVS Credit Banking Officer Salary 1 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹2.7 L/yr 8% more

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Banking Officer salary at Muthoot Finance ranges between ₹1.2 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 9 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Banking Officer salaries

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.5 L/yr
2 years (5 salaries)	₹1.1 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr

Similar Designation salaries in Muthoot Finance

Accounts Officer Salary

(8 salaries)

₹1.65 L/yr - ₹2.05 L/yr

Management Trainee Salary

(11 salaries)

₹3 L/yr - ₹6 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Deputy Manager Salary

(81 salaries)

₹3.6 L/yr - ₹8.9 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Financial Analyst Salary

(7 salaries)

₹1.3 L/yr - ₹4.5 L/yr

Finance Executive Salary

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₹1 L/yr - ₹4.5 L/yr

Accountant Salary

(69 salaries)

₹1.3 L/yr - ₹5.05 L/yr

Team Lead Salary

(24 salaries)

₹1.8 L/yr - ₹3.85 L/yr

Account Assistant Salary

(122 salaries)

₹1.15 L/yr - ₹4.1 L/yr

Salary related reviews for Muthoot Finance

3.0

Rated by 3 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

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

Account Assistant in Alibag

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 20 Dec 2023

1.0

for Salary and Benefits

Likes

Salary is credited on time.

Dislikes

They do more work in less salary. Work time is too much. In that too, sometimes they stop for more time and work. They work on Sundays as well. Salary does not increase even after working for 8 years. Older employees give more pressure and harass them

Finance Executive in Tirunelveli

Finance & Accounting Department

5.0

• posted on 08 May 2021

5.0

for Salary and Benefits

Likes

...ansparent and friendly. Company policies are good.work with an comfortable zone.appraisals are fair and they provide good salary hike and bonus every year.

Dislikes

No dislike and no issues for this company

Accountant in Mumbai

Finance & Accounting Department

5.0

• posted on 21 Nov 2019

4.0

for Salary and Benefits

Likes

The company take cares of their employees these is the best thingh of these company whenever you do a business for the company it does not keeps the whole profit with them they share a certaiin part of it to those employees whose involvement is there to make that business sucessfull so these is the best thingh that i like about muthoot finance that they does not only think of their profit or pockets they also do take care of their employees to

Dislikes

...recovery and the worst thingh is that if i fail to punch after 9 am if also 9.1. Has became my half day salary will be deducted these is the worst thingh which almost all employees does not likes

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Muthoot Finance Banking Officer Salary FAQs

What is the salary of Banking Officer at Muthoot Finance?

Banking Officer salary at Muthoot Finance in India ranges between ₹1.2 Lakhs to ₹4.0 Lakhs for experience between 1 years to 4 years. According to our estimates it is 43% less than the average Banking Officer Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Banking Officer at Muthoot Finance is 43% less than the average salary of a Banking Officer in India. To know exact salary insights, login to view.

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

Sammaan Capital Limited Banking Officer Salary - ₹2.7 Lakhs to ₹10.8 Lakhs per year
PNB Housing Finance Banking Officer Salary - ₹2.9 Lakhs to ₹6.0 Lakhs per year
Capri Global Capital Banking Officer Salary - ₹1.5 Lakhs to ₹5.5 Lakhs per year
Manappuram Finance Banking Officer Salary - ₹1.9 Lakhs to ₹6.0 Lakhs per year
Muthoot Microfin Banking Officer Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year

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

Bajaj Finance Banking Officer Salary - ₹2.8 Lakhs to ₹3.7 Lakhs per year
ICICI Bank Banking Officer Salary - ₹1.0 Lakhs to ₹6.7 Lakhs per year
Kotak Mahindra Prime Banking Officer Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year
Kotak Mahindra Bank Banking Officer Salary - ₹1.6 Lakhs to ₹6.0 Lakhs per year
Axis Bank Banking Officer Salary - ₹1.5 Lakhs to ₹5.6 Lakhs per year

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

The estimated take-home salary of a Banking Officer at Muthoot Finance ranges between ₹15,670 per month to ₹17,295 per month in India. The take-home salary calculation is based on the average Muthoot Finance Banking Officer salary in India which ranges between ₹1.2 Lakhs to ₹4.0 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

What is the notice period for Banking Officer at Muthoot Finance?

According to AmbitionBox, 36% of the Muthoot Finance Banking Officers reported a notice period of 15 days or less, 37% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

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Muthoot Finance Banking Officer Salaries

Muthoot Finance Banking Officer salary in India ranges between ₹1.2 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Muthoot Finance latest salaries received from various employees of Muthoot Finance.