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Muthoot Finance

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3.6

based on 4.8k Reviews

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Muthoot Finance Branch Manager 1 salaries in India

Annual salary range
4 - 11 years exp.
₹3 Lakhs - ₹5.6 Lakhs
Salary of majority employees
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23% 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)
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₹4.4 L/yr - ₹5.6 L/yr

Customer Success, Service & Operations
Branch Manager 1 Salary
6 - 11 years exp. (4 salaries)
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₹3 L/yr - ₹4.7 L/yr

Sales & Business Development
Branch Manager 1 Salary
6 - 10 years exp. (4 salaries)
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₹4.1 L/yr - ₹4.8 L/yr

Last Updated: 16 Aug 2024

Companies similar to Muthoot Finance for Branch Manager 1

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₹2.4 L/yr - ₹4.3 L/yr

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₹5.1 L/yr - ₹11 L/yr

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Kotak Mahindra Bank Branch Manager 1 Salary

7 - 15 years exp. (4 salaries)

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₹6 L/yr - ₹16.5 L/yr

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2 - 12 years exp. (4 salaries)

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IIFL Finance Branch Manager 1 Salary

2 - 12 years exp. (26 salaries)

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₹3.7 L/yr - ₹6.5 L/yr

arrow icon 16% more
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Muthoot Fincorp Branch Manager 1 Salary

4 - 15 years exp. (21 salaries)

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₹3 L/yr - ₹5 L/yr

arrow icon 3% less
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 18% less
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Capri Global Capital Branch Manager 1 Salary

8 - 10 years exp. (5 salaries)

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₹3.8 L/yr - ₹7.3 L/yr

arrow icon 25% more
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SMFG India Credit Branch Manager 1 Salary

10 - 16 years exp. (5 salaries)

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₹4.2 L/yr - ₹8.4 L/yr

arrow icon 54% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 18% less
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Muthoot Microfin Branch Manager 1 Salary

2 - 6 years exp. (4 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 26% less
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Aavas Financiers Branch Manager 1 Salary

3 - 8 years exp. (4 salaries)

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₹3.8 L/yr - ₹4.5 L/yr

arrow icon 1% less
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L&T Finance Branch Manager 1 Salary

3 - 8 years exp. (4 salaries)

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₹3.5 L/yr - ₹4.8 L/yr

arrow icon 6% less
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CreditAccess Grameen Branch Manager 1 Salary

6 - 9 years exp. (4 salaries)

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₹3.6 L/yr - ₹8.6 L/yr

arrow icon 12% more
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₹4.1 L/yr - ₹5.3 L/yr

arrow icon 2% more
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₹6.1 L/yr - ₹8.3 L/yr

arrow icon 82% 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

4mo ago
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10 years exp.
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7 years exp.
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7 years exp.
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5 years exp.
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11 years exp.
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7 years exp.
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10 years exp.
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9 years exp.
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7 years exp.
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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)

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₹3.4 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.7 L/yr
6 years  (4 salaries)

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₹3.4 L/yr - ₹4.6 L/yr
7 years  (4 salaries)

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₹4.1 L/yr - ₹5.6 L/yr
8 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹7.9 L/yr
View all
Muthoot Finance Branch Manager 1 Salary and Career Growth

From

To

Branch Manager 1

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4 - 11 years exp.

Cluster Manager

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8 - 20 years exp.

Branch Manager 1 4 - 11 years exp.
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Branch Manager 2 - 18 years exp.
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arrow icon 13% hike
    Cluster Manager 8 - 20 years exp.
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    arrow icon 39% 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.

    Similar Designation salaries in Muthoot Finance

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    ₹1.8 L/yr - ₹7.5 L/yr
    Branch Incharge Salary
    (99 salaries)
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    Area Manager Salary
    (6 salaries)
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    ₹3.5 L/yr - ₹8.8 L/yr
    Credit Manager Salary
    (72 salaries)
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    ₹3 L/yr - ₹7.2 L/yr
    Sales Manager Salary
    (30 salaries)
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    ₹3 L/yr - ₹6.3 L/yr
    Branch Head Salary
    (243 salaries)
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    ₹2 L/yr - ₹6.6 L/yr
    Deputy Manager Salary
    (81 salaries)
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    ₹3.6 L/yr - ₹8.9 L/yr
    Chief Manager Salary
    (12 salaries)
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    ₹8.65 L/yr - ₹14.25 L/yr
    unlock blur
    ₹3.5 L/yr - ₹9 L/yr
    unlock blur
    ₹6.6 L/yr - ₹10.5 L/yr

    Salary related reviews for Muthoot Finance

    3.9

    Rated by 6 employees for salary & benefits

    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

    read more

    Dislikes

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

    read more

    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

    read 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.

    read more

    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.

    read more

    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

    read more

    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

    read more

    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.

    read more

    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 .

    read more
    see more salary related reviews

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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 23% 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 23% 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
    • HDB Financial Services Branch Manager 1 Salary - ₹6.1 Lakhs to ₹8.3 Lakhs per year
    What is the salary of a Branch Manager 1 in companies similar to Muthoot Finance in India?
    • SMFG India Credit Branch Manager 1 Salary - ₹4.2 Lakhs to ₹8.4 Lakhs per year
    • 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
    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 ₹32,696 per month to ₹33,970 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, 52% of the Muthoot Finance Branch Manager 1s reported a notice period of 3 Months, 24% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

    Tell us how to improve this page.

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