Muthoot Finance Chief Manager Salaries by 10+ Employees (Updated 2025)

12 - 18 years exp.

₹8.7 Lakhs - ₹14.3 Lakhs

Salary of majority employees

45% less than the average Chief Manager Salary in NBFC Companies for 12 - 18 years of experience

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Salaries in different departments

Finance & Accounting Chief Manager Salary 14 - 18 years exp. (5 salaries)	₹9.6 L/yr - ₹12 L/yr
BFSI, Investments & Trading Chief Manager Salary 15 - 17 years exp. (3 salaries)	₹8.7 L/yr - ₹14.3 L/yr
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Human Resources Chief Manager Salary 12 - 16 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹13 L/yr
Risk Management & Compliance Chief Manager Salary 12 years exp. (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.7 L/yr

Last Updated: 31 Jan 2025

Companies similar to Muthoot Finance for Chief Manager

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Chief Manager Salary 8 - 15 years exp. (50 salaries)	₹4.5 L/yr - ₹12 L/yr 34% less
Shriram Finance Chief Manager Salary 6 - 26 years exp. (9 salaries)	₹8 L/yr - ₹24 L/yr 28% more
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Bajaj Finance Chief Manager Salary 2 - 17 years exp. (3 salaries)	₹8.5 L/yr - ₹30 L/yr 72% more
HDFC Bank Chief Manager Salary 8 - 15 years exp. (13 salaries)	₹8 L/yr - ₹26 L/yr 52% more
LIC Housing Finance Chief Manager Salary 26 - 31 years exp. (4 salaries)	₹30 L/yr - ₹50 L/yr 252% more
ICICI Bank Chief Manager Salary 5 - 23 years exp. (2.2k salaries)	₹13 L/yr - ₹39 L/yr 107% more
Axis Bank Chief Manager Salary 9 - 15 years exp. (5 salaries)	₹13 L/yr - ₹16.6 L/yr 33% more
Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (813 salaries)	₹9 L/yr - ₹28.2 L/yr 50% more
Aditya Birla Finance Chief Manager Salary 3 - 11 years exp. (18 salaries)	₹17 L/yr - ₹34 L/yr 98% more
L&T Finance Chief Manager Salary 8 - 17 years exp. (85 salaries)	₹19.8 L/yr - ₹52 L/yr 195% more
TVS Credit Chief Manager Salary 7 - 20 years exp. (74 salaries)	₹17 L/yr - ₹41 L/yr 156% more	1 job opening
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Mahindra Finance Chief Manager Salary 2 - 19 years exp. (51 salaries)	₹15 L/yr - ₹30 L/yr 77% more
Kotak Mahindra Prime Chief Manager Salary 5 - 19 years exp. (22 salaries)	₹11 L/yr - ₹19 L/yr 25% more
Poonawalla Fincorp Chief Manager Salary 5 - 14 years exp. (47 salaries)	₹15.9 L/yr - ₹27 L/yr 81% more
Sammaan Capital Limited Chief Manager Salary 3 - 15 years exp. (16 salaries)	₹9 L/yr - ₹19 L/yr 21% more
Capri Global Capital Chief Manager Salary 7 - 14 years exp. (12 salaries)	₹19 L/yr - ₹30 L/yr 70% more
Bharat Financial Inclusion Chief Manager Salary 8 - 18 years exp. (10 salaries)	₹22 L/yr - ₹32 L/yr 112% more
PNB Housing Finance Chief Manager Salary 8 - 21 years exp. (10 salaries)	₹20.8 L/yr - ₹40 L/yr 163% more
Mahindra Rural Housing Finance Chief Manager Salary 5 - 16 years exp. (7 salaries)	₹17.1 L/yr - ₹25 L/yr 68% more
Aavas Financiers Chief Manager Salary 12 - 15 years exp. (5 salaries)	₹11 L/yr - ₹12.5 L/yr 2% less

View all

Chief Manager salary at Muthoot Finance ranges between ₹8.7 Lakhs to ₹14.3 Lakhs per year for employees with experience between 12 years to 18 years. Salary estimates are based on 11 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Chief Manager salaries

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
Login to view exact salary
14 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹21 L/yr
15+ years (8 salaries)	₹8.7 L/yr - ₹14.3 L/yr

Similar Designation salaries in Muthoot Finance

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Sales Manager Salary

(45 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Credit Manager Salary

(73 salaries)

₹3 L/yr - ₹7.2 L/yr

Cluster Manager Salary

(145 salaries)

₹4 L/yr - ₹10.6 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(87 salaries)

₹2.8 L/yr - ₹8.9 L/yr

Territory Manager Salary

(5 salaries)

₹6 L/yr - ₹8.5 L/yr

Operations Manager Salary

(20 salaries)

₹3 L/yr - ₹6.4 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 L/yr

Sales Officer Salary

(23 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Top skills at Muthoot Finance for Chief Manager

Gold Loan Management Skills Policies Financial Management Portfolio Management FCU

Salary related reviews for Muthoot Finance

3.0

Rated by 1 employees for salary & benefits

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

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

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Muthoot Finance Chief Manager Salary FAQs

What is the salary of Chief Manager at Muthoot Finance ?

The average salary of a Chief Manager at Muthoot Finance in India typically ranges from ₹8.7 Lakhs to ₹14.3 Lakhs per year, depending on experience (from 12 years to 18 years).

The top 10% of Chief Manager at Muthoot Finance earn more than ₹12.9 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Chief Manager Salaries at Muthoot Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Muthoot Finance employees in India.

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

The estimated take-home salary of a Chief Manager at Muthoot Finance in India typically ranges from ₹85,862 to ₹88,110 per month. This is based on the average salary range of ₹8.7 Lakhs to ₹14.3 Lakhs per year for employees with experience ranging from 12 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Chief Manager at Muthoot Finance ?

To be a Chief Manager at Muthoot Finance in india, the key skills required include:

- Gold Loan
- Management Skills
- Policies
- Financial Management
- Portfolio Management

These skills are highly valued at Muthoot Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Finance for Chief Manager in India?

LIC Housing Finance	₹30.0 Lakhs to ₹50.0 Lakhs per year
L&T Finance	₹19.8 Lakhs to ₹52.0 Lakhs per year
PNB Housing Finance	₹20.8 Lakhs to ₹40.0 Lakhs per year
TVS Credit	₹17.0 Lakhs to ₹41.0 Lakhs per year
Bharat Financial Inclusion	₹22.0 Lakhs to ₹32.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Finance, depending on the role and experience level.

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

The salary of a Chief Manager at companies similar to Muthoot Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank	₹13.0 Lakhs to ₹39.0 Lakhs per year
Aditya Birla Finance	₹17.0 Lakhs to ₹34.0 Lakhs per year
Poonawalla Fincorp	₹15.9 Lakhs to ₹27.0 Lakhs per year
Mahindra Finance	₹15.0 Lakhs to ₹30.0 Lakhs per year
Bajaj Finance	₹8.5 Lakhs to ₹30.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Chief Manager at Muthoot Finance in India?

The salary growth for a Chief Manager at Muthoot Finance depends on factors such as experience, performance, and promotions. On average, a Chief Manager can expect the following growth trajectory at Muthoot Finance:

Experience	Average Salary Range
12 years	₹11.2 Lakhs to ₹12.0 Lakhs per year
13 years	₹10.3 Lakhs to ₹13.1 Lakhs per year
14 years	₹10.2 Lakhs to ₹21.0 Lakhs per year
15 years	₹8.7 Lakhs to ₹14.3 Lakhs per year

and so on.

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Muthoot Finance Chief Manager Salaries

Muthoot Finance Chief Manager salary in India ranges between ₹8.7 Lakhs to ₹14.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Muthoot Finance latest salaries received from various employees of Muthoot Finance.