Muthoot Finance Branch Manager 1 Salaries by 20+ Employees (Updated 2025)

4 - 11 years exp.

₹3 Lakhs - ₹5.6 Lakhs

Salary of majority employees

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22% less than the average Branch Manager 1 Salary in NBFC Companies for 4 - 11 years of experience

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Salaries in different departments

Finance & Accounting Branch Manager 1 Salary 4 - 10 years exp. (5 salaries)	Unlock ₹4.4 L/yr - ₹5.6 L/yr
Customer Success, Service & Operations Branch Manager 1 Salary 6 - 11 years exp. (4 salaries)	Unlock ₹3 L/yr - ₹4.7 L/yr
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Sales & Business Development Branch Manager 1 Salary 6 - 10 years exp. (4 salaries)	Unlock ₹4.1 L/yr - ₹4.8 L/yr

Last Updated: 16 Aug 2024

Companies similar to Muthoot Finance for Branch Manager 1

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Branch Manager 1 Salary 2 - 4 years exp. (8 salaries)	Unlock ₹2.4 L/yr - ₹4.3 L/yr 31% less
Bajaj Finance Branch Manager 1 Salary 2 - 10 years exp. (5 salaries)	Unlock ₹3.6 L/yr - ₹6.5 L/yr 19% more
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HDFC Bank Branch Manager 1 Salary 10 - 17 years exp. (6 salaries)	Unlock ₹7.9 L/yr - ₹14 L/yr 129% more
ICICI Bank Branch Manager 1 Salary 7 - 15 years exp. (37 salaries)	Unlock ₹5.1 L/yr - ₹11 L/yr 91% more
Axis Bank Branch Manager 1 Salary 13 - 17 years exp. (4 salaries)	Unlock ₹9.9 L/yr - ₹10.5 L/yr 131% more
Kotak Mahindra Bank Branch Manager 1 Salary 7 - 15 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹16.5 L/yr 119% more
Tata Capital Branch Manager 1 Salary 2 - 12 years exp. (4 salaries)	Unlock ₹4.1 L/yr - ₹9.5 L/yr 37% more
IIFL Finance Branch Manager 1 Salary 2 - 12 years exp. (26 salaries)	Unlock ₹3.7 L/yr - ₹6.5 L/yr 17% more
Muthoot Fincorp Branch Manager 1 Salary 4 - 15 years exp. (23 salaries)	Unlock ₹3 L/yr - ₹5 L/yr 1% less
Bharat Financial Inclusion Branch Manager 1 Salary 4 - 12 years exp. (5 salaries)	Unlock ₹2.8 L/yr - ₹4.5 L/yr 18% less
Capri Global Capital Branch Manager 1 Salary 8 - 10 years exp. (5 salaries)	Unlock ₹3.8 L/yr - ₹7.3 L/yr 25% more
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SMFG India Credit Branch Manager 1 Salary 10 - 16 years exp. (5 salaries)	Unlock ₹4.2 L/yr - ₹8.4 L/yr 54% more
Satin Creditcare Network Branch Manager 1 Salary 2 - 7 years exp. (4 salaries)	Unlock ₹3 L/yr - ₹4.5 L/yr 18% less
Aavas Financiers Branch Manager 1 Salary 3 - 8 years exp. (4 salaries)	Unlock ₹3.8 L/yr - ₹4.5 L/yr 1% less
L&T Finance Branch Manager 1 Salary 3 - 8 years exp. (4 salaries)	Unlock ₹3.5 L/yr - ₹4.8 L/yr 6% less
CreditAccess Grameen Branch Manager 1 Salary 6 - 9 years exp. (4 salaries)	Unlock ₹3.6 L/yr - ₹8.6 L/yr 12% more
Mahindra Rural Housing Finance Branch Manager 1 Salary 5 - 14 years exp. (3 salaries)	Unlock ₹4.1 L/yr - ₹5.3 L/yr 2% more

Branch Manager 1 salary at Muthoot Finance ranges between ₹3 Lakhs to ₹5.6 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 22 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Branch Manager 1

6mo ago

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10 years exp.

11mo ago

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7 years exp.

11mo ago

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7 years exp.

1y ago

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5 years exp.

1y ago

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11 years exp.

1y ago

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7 years exp.

1y ago

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10 years exp.

1y ago

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9 years exp.

1y ago

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7 years exp.

1y ago

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5 years exp.

Experience wise Muthoot Finance Branch Manager 1 salaries

Last Updated: 16 Aug 2024

Experience	Avg Annual Salary
4 years (3 salaries)	Unlock ₹3.4 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹1.7 L/yr - ₹4.7 L/yr
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6 years (4 salaries)	Unlock ₹3.4 L/yr - ₹4.6 L/yr
7 years (4 salaries)	Unlock ₹4.1 L/yr - ₹5.6 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹7.9 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹8 L/yr
10 years (3 salaries)	Unlock ₹4.5 L/yr - ₹5 L/yr
11 years (4 salaries)	Unlock ₹4 L/yr - ₹5 L/yr

View all

From

Branch Manager 1

₹

Lakhs/yr

4 - 11 years exp.

Cluster Manager

₹

Lakhs/yr

8 - 20 years exp.

Branch Manager 1 4 - 11 years exp.

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Branch Manager 2 - 18 years exp.

Unlock

12% hike

Cluster Manager 8 - 20 years exp.

Unlock

43% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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₹2.5 L/yr - ₹6.5 L/yr

Branch Head Salary

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₹2.8 L/yr - ₹6.6 L/yr

Deputy Manager Salary

(86 salaries)

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₹3.5 L/yr - ₹9.08 L/yr

Chief Manager Salary

(11 salaries)

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₹8.65 L/yr - ₹14.25 L/yr

Branch Sales Manager Salary

(4 salaries)

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₹3.5 L/yr - ₹9 L/yr

Senior Branch Manager Salary

(12 salaries)

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₹6.5 L/yr - ₹10.5 L/yr

Salary related reviews for Muthoot Finance

3.9

Rated by 8 employees for salary & benefits

Assistant Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 30 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Bahut kam salary hai and bahut jayada work pressure dete hain bilkul chindi company hai and koi job security nahi hai hamesha dar laga rahta hai job ka and fraud ka agar koi bhi fraud ho jaye to tumhe paise dene padenge.and management bhi sabko chor samajhti hai.badhua mazdoor ki tarah kaam lete hai.raat ko 8 baje tak kaam lete hain subha 1 min bhi late ho jaao to salary kaat lete hain.

Salary - Bad

+6 more

Sales Manager in Kochi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Jan 2025

3.0

for Salary and Benefits

Likes

There no need to wear formals like banks .

Dislikes

Work culture is bad , we will not get the salary which is mentioned in the offer letter , there is no work balance even we have to work in Sunday's also . Heavy work pressure. There is no job security

Skill development - Bad

+5 more

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

Branch Incharge in Varanasi

Full Time

Sales & Business Development Department

2.0

• posted on 22 Oct 2024

1.0

for Salary and Benefits

Likes

Yes,they look after there employees and have very strong Audit team which help in taking quick and responsive initiatives over any queries.

Skill development - Excellent

Dislikes

...the RM and the other employees at Ro level takes the Branch staff for granted 2. Salary package is very very low as compaire to others. 3. They ask about salary justification over work,i would like to say first you give the proper salary and designation to you employee's and then ask this question

Salary - Bad

+5 more

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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 Branch Manager 1 Salary FAQs

What is the salary of Branch Manager 1 at Muthoot Finance?

Branch Manager 1 salary at Muthoot Finance in India ranges between ₹3.0 Lakhs to ₹5.6 Lakhs for experience between 4 years to 11 years. According to our estimates it is 22% less than the average Branch Manager 1 Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a Branch Manager 1 at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Branch Manager 1 at Muthoot Finance is 22% less than the average salary of a Branch Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Finance to a Branch Manager 1 in India?

Axis Bank Branch Manager 1 Salary - ₹9.9 Lakhs to ₹10.5 Lakhs per year
HDFC Bank Branch Manager 1 Salary - ₹7.9 Lakhs to ₹14.0 Lakhs per year
Kotak Mahindra Bank Branch Manager 1 Salary - ₹6.0 Lakhs to ₹16.5 Lakhs per year
ICICI Bank Branch Manager 1 Salary - ₹5.1 Lakhs to ₹11.0 Lakhs per year
SMFG India Credit Branch Manager 1 Salary - ₹4.2 Lakhs to ₹8.4 Lakhs per year

What is the salary of a Branch Manager 1 in companies similar to Muthoot Finance in India?

Tata Capital Branch Manager 1 Salary - ₹4.1 Lakhs to ₹9.5 Lakhs per year
Capri Global Capital Branch Manager 1 Salary - ₹3.8 Lakhs to ₹7.3 Lakhs per year
Bajaj Finance Branch Manager 1 Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
IIFL Finance Branch Manager 1 Salary - ₹3.7 Lakhs to ₹6.5 Lakhs per year
CreditAccess Grameen Branch Manager 1 Salary - ₹3.6 Lakhs to ₹8.6 Lakhs per year

What is the estimated take home salary of a Branch Manager 1 at Muthoot Finance in India?

The estimated take-home salary of a Branch Manager 1 at Muthoot Finance ranges between ₹32,708 per month to ₹33,982 per month in India. The take-home salary calculation is based on the average Muthoot Finance Branch Manager 1 salary in India which ranges between ₹3.0 Lakhs to ₹5.6 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager 1 at Muthoot Finance?

According to AmbitionBox, 50% of the Muthoot Finance Branch Manager 1s reported a notice period of 3 Months, 23% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 22 responses on AmbitionBox in last 2 years.

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Muthoot Finance Branch Manager 1 Salaries by Location

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Muthoot Finance Branch Manager 1 Salaries

Muthoot Finance Branch Manager 1 salary in India ranges between ₹3 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Branch Manager 1 salaries in India

Companies similar to Muthoot Finance for Branch Manager 1

Latest annual salaries shared by Muthoot Finance Branch Manager 1

Experience wise Muthoot Finance Branch Manager 1 salaries

Similar Designation salaries in Muthoot Finance

Salary related reviews for Muthoot Finance

Assistant Branch Manager in New Delhi

Sales Manager in Kochi

Deputy Manager in Rae Bareli

Branch Manager in New Delhi

Branch Incharge in Varanasi

Muthoot Finance Branch Manager 1 Salary FAQs

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Muthoot Finance Branch Manager 1 Salaries by Location