Muthoot Finance Cluster Branch Manager Salaries by 5 Employees (Updated 2025)

10 - 18 years exp.

₹3.6 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

62% less than the average Cluster Branch Manager Salary in NBFC Companies for 10 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Branch Manager Salary 12 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹5.6 L/yr
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Finance & Accounting Cluster Branch Manager Salary 18 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹6 L/yr

Last Updated: 16 Mar 2023

Companies similar to Muthoot Finance for Cluster Branch Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Branch Manager Salary 7 - 12 years exp. (3 salaries)	₹16.1 L/yr - ₹22.5 L/yr 284% more
ICICI Bank Cluster Branch Manager Salary 11 - 22 years exp. (24 salaries)	₹13 L/yr - ₹31 L/yr 272% more
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Axis Bank Cluster Branch Manager Salary 2 - 11 years exp. (5 salaries)	₹4.1 L/yr - ₹14 L/yr 86% more
IndusInd Bank Cluster Branch Manager Salary 12 - 20 years exp. (39 salaries)	₹11 L/yr - ₹26 L/yr 237% more
Jana Small Finance Bank Cluster Branch Manager Salary 14 - 22 years exp. (32 salaries)	₹11.2 L/yr - ₹24.5 L/yr 238% more

Cluster Branch Manager salary at Muthoot Finance ranges between ₹3.6 Lakhs to ₹6 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Branch Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
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12 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.6 L/yr
13 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
14 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
15+ years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr

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Similar Designation salaries in Muthoot Finance

Senior Branch Manager Salary

(12 salaries)

₹6.5 L/yr - ₹10.5 L/yr

Deputy Branch Manager Salary

(3 salaries)

₹6.2 L/yr - ₹6.5 L/yr

Cluster Manager Salary

(144 salaries)

₹4 L/yr - ₹10.62 L/yr

Assistant Branch Manager Salary

(185 salaries)

₹2 L/yr - ₹7.47 L/yr

Branch Manager Salary

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₹1.8 L/yr - ₹7.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Regional Manager Salary

(48 salaries)

₹6.8 L/yr - ₹21.5 L/yr

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Credit Manager Salary

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₹3 L/yr - ₹7.2 L/yr

Chief Manager Salary

(11 salaries)

₹8.65 L/yr - ₹14.25 L/yr

Top skills at Muthoot Finance for Cluster Branch Manager

Gold Loan Management Relationship Building Branch Operations Branch Handling Customer Acquisition Auditing Sales Banking Supervision Loans Networking Recruitment resource mobilization Mutual Funds

Salary related reviews for Muthoot Finance

4.5

Rated by 10 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

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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Top trending discussions

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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 my previous org.

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Muthoot Finance Cluster Branch Manager Salary FAQs

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

Cluster Branch Manager salary at Muthoot Finance in India ranges between ₹3.6 Lakhs to ₹6.0 Lakhs for experience between 10 years to 18 years. According to our estimates it is 62% less than the average Cluster Branch Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Cluster Branch Manager at Muthoot Finance is 62% less than the average salary of a Cluster Branch Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Branch Manager at Muthoot Finance?

Gold Loan, Management, Relationship Building, Branch Operations and Branch Handling are some of the popular skills required to work as a Cluster Branch Manager at Muthoot Finance India.

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

Bajaj Finance Cluster Branch Manager Salary - ₹16.1 Lakhs to ₹22.5 Lakhs per year
ICICI Bank Cluster Branch Manager Salary - ₹13.0 Lakhs to ₹31.0 Lakhs per year
Jana Small Finance Bank Cluster Branch Manager Salary - ₹11.2 Lakhs to ₹24.5 Lakhs per year
IndusInd Bank Cluster Branch Manager Salary - ₹11.0 Lakhs to ₹26.0 Lakhs per year
Axis Bank Cluster Branch Manager Salary - ₹4.1 Lakhs to ₹14.0 Lakhs per year

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

The estimated take-home salary of a Cluster Branch Manager at Muthoot Finance ranges between ₹39,955 per month to ₹41,121 per month in India. The take-home salary calculation is based on the average Muthoot Finance Cluster Branch Manager salary in India which ranges between ₹3.6 Lakhs to ₹6.0 Lakhs per year for employees with experience between 10 years to 18 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Muthoot Finance Cluster Branch Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Muthoot Finance Cluster Branch Manager Salaries

Muthoot Finance Cluster Branch Manager salary in India ranges between ₹3.6 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.