Muthoot Finance Cluster Branch Manager Salaries by 5 Employees

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

Interested in this particular role? 2 job openings

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

View all

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

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₹4 L/yr - ₹10.6 L/yr

Assistant Branch Manager Salary

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₹2 L/yr - ₹7 L/yr

Branch Manager Salary

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₹1.8 L/yr - ₹7.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 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

(73 salaries)

₹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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Salary Discussions, Hike & Promotions

an architect

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 Cluster Branch Manager Salary FAQs

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

The average salary of a Cluster Branch Manager at Muthoot Finance in India typically ranges from ₹3.6 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Cluster Branch Manager at Muthoot Finance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Cluster Branch 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 5 Muthoot Finance employees in India.

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 in India typically ranges from ₹39,955 to ₹41,121 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 10 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 5 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 Cluster Branch Manager at Muthoot Finance ?

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

- Gold Loan
- Management
- Relationship Building
- Branch Operations
- Branch Handling

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 Cluster Branch Manager in India?

Bajaj Finance	₹16.1 Lakhs to ₹22.5 Lakhs per year
ICICI Bank	₹13.0 Lakhs to ₹31.0 Lakhs per year
Jana Small Finance Bank	₹11.2 Lakhs to ₹24.5 Lakhs per year
IndusInd Bank	₹11.0 Lakhs to ₹26.0 Lakhs per year
Axis Bank	₹4.1 Lakhs to ₹14.0 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.

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

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

Experience	Average Salary Range
10 years	₹3.6 Lakhs to ₹9.3 Lakhs per year
11 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
12 years	₹4.8 Lakhs to ₹5.6 Lakhs per year
13 years	₹4.8 Lakhs to ₹6.2 Lakhs per year

and so on.

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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.