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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 Scale 2 salaries in India

Annual salary range
6 - 13 years exp.
₹4.3 Lakhs - ₹8.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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58% less than the average Branch Manager Scale 2 Salary in NBFC Companies for 6 - 13 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Branch Manager Scale 2 Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.7 L/yr

BFSI, Investments & Trading
Branch Manager Scale 2 Salary
13 years exp. (AmbitionBox Estimate)
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₹7.4 L/yr - ₹9 L/yr

Last Updated: 15 Aug 2024

Companies similar to Muthoot Finance for Branch Manager Scale 2

Company name Avg Annual Salary Open Jobs
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HDFC Bank Branch Manager Scale 2 Salary

12 - 16 years exp. (4 salaries)

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₹13 L/yr - ₹17 L/yr

arrow icon 183% more
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ICICI Bank Branch Manager Scale 2 Salary

11 - 17 years exp. (6 salaries)

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₹10.8 L/yr - ₹13.8 L/yr

arrow icon 108% more
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₹8.6 L/yr - ₹12.5 L/yr

arrow icon 55% more
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Muthoot Fincorp Branch Manager Scale 2 Salary

6 - 12 years exp. (3 salaries)

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₹4.3 L/yr - ₹5 L/yr

arrow icon 16% less
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Canara Bank Branch Manager Scale 2 Salary

7 - 13 years exp. (11 salaries)

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₹11.5 L/yr - ₹16.9 L/yr

arrow icon 152% more
Branch Manager Scale 2 salary at Muthoot Finance ranges between ₹4.3 Lakhs to ₹8.2 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Branch Manager Scale 2

5mo ago
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7 years exp.
5mo ago
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13 years exp.
6mo ago
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6 years exp.

Experience wise Muthoot Finance Branch Manager Scale 2 salaries

Last Updated: 15 Aug 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹4.9 L/yr
7 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹4.9 L/yr
13 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.4 L/yr

Similar Designation salaries in Muthoot Finance

Branch Manager Salary
(593 salaries)
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₹1.8 L/yr - ₹7.5 L/yr
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₹3.5 L/yr - ₹9 L/yr
Branch Incharge Salary
(99 salaries)
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₹2 L/yr - ₹6.2 L/yr
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
Branch Head Salary
(243 salaries)
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₹2 L/yr - ₹6.6 L/yr
Sales Manager Salary
(30 salaries)
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₹3 L/yr - ₹6.3 L/yr
Deputy Manager Salary
(83 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
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₹6.6 L/yr - ₹10.5 L/yr

Salary related reviews for Muthoot Finance

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

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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

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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.

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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
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Muthoot Finance Branch Manager Scale 2 Salary FAQs

What is the notice period for Branch Manager Scale 2 at Muthoot Finance?
According to AmbitionBox, 100% of the Muthoot Finance Branch Manager Scale 2s reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Finance Branch Manager Scale 2 salary in India ranges between ₹4.3 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Muthoot Finance latest salaries received from various employees of Muthoot Finance.