Muthoot Finance Cluster Manager Salaries by 100+ Employees (Updated 2025)

8 - 20 years exp.

₹4 Lakhs - ₹9.8 Lakhs

Salary of majority employees

23% less than the average Cluster Manager Salary in NBFC Companies for 8 - 20 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 8 - 18 years exp. (60 salaries)	₹4 L/yr - ₹8.6 L/yr
Sales & Business Development Cluster Manager Salary 8 - 20 years exp. (31 salaries)	₹4 L/yr - ₹11 L/yr
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Finance & Accounting Cluster Manager Salary 8 - 15 years exp. (14 salaries)	₹4.2 L/yr - ₹8 L/yr
Customer Success, Service & Operations Cluster Manager Salary 9 - 16 years exp. (8 salaries)	₹5.2 L/yr - ₹9.5 L/yr
Administration & Facilities Cluster Manager Salary 9 - 19 years exp. (4 salaries)	₹5 L/yr - ₹9.5 L/yr

Last Updated: 25 Feb 2025

Companies similar to Muthoot Finance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (260 salaries)	₹7.9 L/yr - ₹29.5 L/yr 178% more	26 job openings
HDFC Bank Cluster Manager Salary 5 - 16 years exp. (24 salaries)	₹5 L/yr - ₹20 L/yr 60% more
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ICICI Bank Cluster Manager Salary 8 - 15 years exp. (41 salaries)	₹6 L/yr - ₹25 L/yr 105% more
Kotak Mahindra Bank Cluster Manager Salary 4 - 16 years exp. (63 salaries)	₹3.9 L/yr - ₹16.2 L/yr 37% more
Axis Bank Cluster Manager Salary 5 - 17 years exp. (78 salaries)	₹4.7 L/yr - ₹15.5 L/yr 49% more
Yes Bank Cluster Manager Salary 3 - 18 years exp. (23 salaries)	₹4.8 L/yr - ₹16 L/yr 52% more
IndusInd Bank Cluster Manager Salary 6 - 15 years exp. (24 salaries)	₹5 L/yr - ₹12.7 L/yr 14% more
IDFC FIRST Bank Cluster Manager Salary 8 - 16 years exp. (211 salaries)	₹5.8 L/yr - ₹21 L/yr 94% more
RBL Bank Cluster Manager Salary 10 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 3% more
Federal Bank Cluster Manager Salary 6 - 10 years exp. (3 salaries)	₹0.8 L/yr - ₹6 L/yr 64% less
SMFG India Credit Cluster Manager Salary 8 - 16 years exp. (56 salaries)	₹5 L/yr - ₹18.9 L/yr 69% more
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Bharat Financial Inclusion Cluster Manager Salary 0 - 9 years exp. (58 salaries)	₹5.3 L/yr - ₹8.4 L/yr 5% less
Mahindra Finance Cluster Manager Salary 8 - 16 years exp. (31 salaries)	₹6.5 L/yr - ₹16 L/yr 39% more
Tata Capital Cluster Manager Salary 6 - 16 years exp. (22 salaries)	₹6.5 L/yr - ₹15.5 L/yr 73% more	2 job openings
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	₹6.5 L/yr - ₹11.5 L/yr 41% more
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	₹3.7 L/yr - ₹7.5 L/yr 13% less
SK Finance Limited Cluster Manager Salary 9 - 15 years exp. (13 salaries)	₹5.8 L/yr - ₹15 L/yr 49% more
Muthoot Fincorp Cluster Manager Salary 10 - 14 years exp. (10 salaries)	₹5.2 L/yr - ₹10.5 L/yr 4% less	2 job openings
L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹8.1 L/yr 10% less
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	₹12 L/yr - ₹21.5 L/yr 118% more

View all

Cluster Manager salary at Muthoot Finance ranges between ₹4 Lakhs to ₹9.8 Lakhs per year for employees with experience between 8 years to 20 years. Salary estimates are based on 144 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Manager salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
8 years (10 salaries)	₹4.3 L/yr - ₹7 L/yr
9 years (12 salaries)	₹4.1 L/yr - ₹7.5 L/yr
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10 years (15 salaries)	₹4.1 L/yr - ₹8 L/yr
11 years (18 salaries)	₹4.8 L/yr - ₹11 L/yr
12 years (19 salaries)	₹4 L/yr - ₹8.6 L/yr
13 years (20 salaries)	₹4.5 L/yr - ₹9.5 L/yr
14 years (16 salaries)	₹5.2 L/yr - ₹9.5 L/yr
15+ years (34 salaries)	₹4 L/yr - ₹9.8 L/yr

View all

Similar Designation salaries in Muthoot Finance

Store Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Cluster Head Salary

(13 salaries)

₹4.7 L/yr - ₹10.75 L/yr

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Deputy Manager Salary

(83 salaries)

₹3 L/yr - ₹9.08 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Sales Manager Salary

(42 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7 L/yr

Territory Manager Salary

(5 salaries)

₹6 L/yr - ₹8.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Relationship Manager Salary

(31 salaries)

₹2.2 L/yr - ₹4 L/yr

Top skills at Muthoot Finance for Cluster Manager

Gold Loan Management Sales Customer Acquisition resource mobilization Loans Finance Business Development Cluster Operations Customer Relationship Team Management Relationship Management channel management Channel Sales Operations Management

Salary related reviews for Muthoot Finance

4.2

Rated by 39 employees for salary & benefits

Cluster Manager in Ramanathapuram

Full Time

Finance & Accounting Department

5.0

• posted on 19 Oct 2020

4.0

for Salary and Benefits

Likes

...Team Work to us. Good micro Management. Good policies, huge incremental options. Every year bonus.

Salary - Good

+4 more

Dislikes

Some higher officer do Partiality. Missing some Support. Not transparent. Timings Incentive is not given

Cluster Manager in Nizamabad

RO Department

1.0

• posted on 09 Jul 2018

1.0

for Salary and Benefits

Likes

Only one point is that salary will be credited before month end or starting of the month.

Dislikes

Company is not following which it issued circulars, instead of motivation, pushing the staff, total block mail is going, instead of RM control, auditors are misusing the authority, no clarity on any work implementing, staff problems, working on every holidays, exams on holidays, etc

Salary - Bad

+4 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

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Muthoot Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Muthoot Finance?

Cluster Manager salary at Muthoot Finance in India ranges between ₹4.0 Lakhs to ₹9.8 Lakhs for experience between 8 years to 20 years. According to our estimates it is 23% less than the average Cluster Manager Salary in India. Salary estimates are based on 144 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Cluster Manager at Muthoot Finance is 23% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

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

Gold Loan, Management, Sales, Customer Acquisition and resource mobilization are some of the popular skills required to work as a Cluster Manager at Muthoot Finance India.

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

Bajaj Finance Cluster Manager Salary - ₹7.9 Lakhs to ₹29.5 Lakhs per year
Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital Cluster Manager Salary - ₹11.0 Lakhs to ₹17.5 Lakhs per year
ICICI Bank Cluster Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank Cluster Manager Salary - ₹5.8 Lakhs to ₹21.0 Lakhs per year

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

Tata Capital Housing Finance Cluster Manager Salary - ₹7.3 Lakhs to ₹17.7 Lakhs per year
Tata Capital Cluster Manager Salary - ₹6.5 Lakhs to ₹15.5 Lakhs per year
SMFG India Credit Cluster Manager Salary - ₹5.0 Lakhs to ₹18.9 Lakhs per year
HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
Yes Bank Cluster Manager Salary - ₹4.8 Lakhs to ₹16.0 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Muthoot Finance ranges between ₹52,782 per month to ₹54,095 per month in India. The take-home salary calculation is based on the average Muthoot Finance Cluster Manager salary in India which ranges between ₹4.0 Lakhs to ₹9.8 Lakhs per year for employees with experience between 8 years to 20 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Muthoot Finance Cluster Managers reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 103 responses on AmbitionBox in last 2 years.

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Muthoot Finance Cluster Manager Salaries

Muthoot Finance Cluster Manager salary in India ranges between ₹4 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 144 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Cluster Manager salaries in India (Updated 2025)

Companies similar to Muthoot Finance for Cluster Manager

Latest annual salaries shared by Muthoot Finance Cluster Manager

Experience wise Muthoot Finance Cluster Manager salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Cluster Manager

Salary related reviews for Muthoot Finance

Cluster Manager in Ramanathapuram

Cluster Manager in Nizamabad

Sales Manager in Kochi

Deputy Manager in Rae Bareli

Branch Manager in New Delhi

Muthoot Finance Cluster Manager Salary FAQs

Tell us how to improve this page.

Muthoot Finance Cluster Manager Salaries by Location