Muthoot Finance Collection Officer Salaries by 5 Employees (Updated 2024)

0 - 8 years exp.

₹2 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

At par with the average Collection Officer Salary in NBFC Companies for 0 - 8 years of experience

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Last Updated: 5 Sep 2024

Companies similar to Muthoot Finance for Collection Officer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Collection Officer Salary 1 - 7 years exp. (21 salaries)	₹2.4 L/yr - ₹4.5 L/yr 29% more
Shriram Finance Collection Officer Salary 0 - 7 years exp. (39 salaries)	₹1.8 L/yr - ₹4.5 L/yr 16% more
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Bajaj Finance Collection Officer Salary 0 - 8 years exp. (222 salaries)	₹1.1 L/yr - ₹5.6 L/yr 38% more
HDFC Bank Collection Officer Salary 0 - 7 years exp. (360 salaries)	₹1.2 L/yr - ₹4 L/yr 2% less
ICICI Bank Collection Officer Salary 2 - 6 years exp. (76 salaries)	₹1.2 L/yr - ₹3.6 L/yr 2% less
Axis Bank Collection Officer Salary 1 - 8 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 6% less
Kotak Mahindra Bank Collection Officer Salary 2 - 8 years exp. (53 salaries)	₹1.6 L/yr - ₹4.1 L/yr 4% more
Tata Capital Collection Officer Salary 0 - 14 years exp. (42 salaries)	₹2 L/yr - ₹4.5 L/yr 23% more	4 job openings
Aditya Birla Finance Collection Officer Salary 2 - 9 years exp. (44 salaries)	₹2.3 L/yr - ₹5.2 L/yr 53% more
HDB Financial Services Collection Officer Salary 0 - 8 years exp. (822 salaries)	₹1 L/yr - ₹4.5 L/yr 7% less	4 job openings
L&T Finance Collection Officer Salary 1 - 7 years exp. (348 salaries)	₹1.2 L/yr - ₹3.9 L/yr 12% less
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Sammaan Capital Limited Collection Officer Salary 0 - 9 years exp. (312 salaries)	₹1.7 L/yr - ₹3.7 L/yr 4% more
Cholamandalam Investment & Finance Collection Officer Salary 2 - 9 years exp. (136 salaries)	₹1.5 L/yr - ₹4.2 L/yr 7% more
Mahindra Finance Collection Officer Salary 1 - 8 years exp. (146 salaries)	₹1.5 L/yr - ₹5.1 L/yr 10% more	1 job opening
SMFG India Credit Collection Officer Salary 3 - 6 years exp. (67 salaries)	₹1 L/yr - ₹4.5 L/yr 20% more
IIFL Finance Collection Officer Salary 0 - 7 years exp. (62 salaries)	₹1.8 L/yr - ₹4.2 L/yr 19% more
TVS Credit Collection Officer Salary 1 - 8 years exp. (56 salaries)	₹1.4 L/yr - ₹4.6 L/yr 8% more
Poonawalla Fincorp Collection Officer Salary 3 - 9 years exp. (52 salaries)	₹1.8 L/yr - ₹3.6 L/yr 1% more
IDFC FIRST Bharat Collection Officer Salary 0 - 6 years exp. (30 salaries)	₹1.2 L/yr - ₹4 L/yr 14% less
Mahindra Rural Housing Finance Collection Officer Salary 3 - 6 years exp. (19 salaries)	₹1.9 L/yr - ₹3.1 L/yr 9% less

View all

Collection Officer salary at Muthoot Finance ranges between ₹2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Collection Officer salaries

Last Updated: 5 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.2 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹3.7 L/yr
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2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr

View all

Similar Designation salaries in Muthoot Finance

Collections Manager Salary

(13 salaries)

₹2.2 L/yr - ₹5.5 L/yr

Senior Collection Officer Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Collection Associate Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Sales Officer Salary

(25 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Relationship Officer Salary

(90 salaries)

₹1.25 L/yr - ₹4.5 L/yr

Field Officer Salary

(3 salaries)

₹2.12 L/yr - ₹2.5 L/yr

Recovery Officer Salary

(5 salaries)

₹1.5 L/yr - ₹2.27 L/yr

Area Collection Manager Salary

(5 salaries)

₹3 L/yr - ₹10 L/yr

Officer Salary

(4 salaries)

₹1.5 L/yr - ₹2.22 L/yr

Computer Operator Salary

(3 salaries)

₹1.8 L/yr - ₹2.6 L/yr

Salary related reviews for Muthoot Finance

4.4

Rated by 3 employees for salary & benefits

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

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.

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

Branch Manager in Bhubaneswar

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.

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 .

Branch Manager in Bhuj

Full Time

Sales & Business Development Department

5.0

• posted on 01 Sep 2023

2.0

for Salary and Benefits

Likes

Company with good work culture and integrity. Company's marketing strategies and branding help us most for business generation. Audit team is always caring for customer's concern and company's image.

Dislikes

Salary is not as per expectation compared to other competitors companies.

Collections Manager in Ahmedabad

Full Time

Other Department

1.0

• posted on 04 Jul 2023

1.0

for Salary and Benefits

Likes

There is only big talk, there is no such thing as management, there is a stigma on the name of NBFC

Dislikes

In my career of 8 years, I have not seen such a third class company cut the salary, whether it works or not, just punch in and punch out 2 times.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Muthoot Finance Collection Officer Salary FAQs

What is the salary of Collection Officer at Muthoot Finance?

Collection Officer salary at Muthoot Finance in India ranges between ₹2.0 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 3% less than the average Collection Officer 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 Collection Officer at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Collection Officer at Muthoot Finance is 3% less than the average salary of a Collection Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Finance to a Collection Officer in India?

Aditya Birla Finance Collection Officer Salary - ₹2.3 Lakhs to ₹5.2 Lakhs per year
Bajaj Finance Collection Officer Salary - ₹1.1 Lakhs to ₹5.6 Lakhs per year
Capri Global Capital Collection Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
Manappuram Finance Collection Officer Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year
Tata Capital Collection Officer Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Collection Officer in companies similar to Muthoot Finance in India?

SMFG India Credit Collection Officer Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
IIFL Finance Collection Officer Salary - ₹1.8 Lakhs to ₹4.2 Lakhs per year
Shriram Finance Collection Officer Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
Mahindra Finance Collection Officer Salary - ₹1.5 Lakhs to ₹5.1 Lakhs per year
TVS Credit Collection Officer Salary - ₹1.4 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Collection Officer at Muthoot Finance in India?

The estimated take-home salary of a Collection Officer at Muthoot Finance ranges between ₹18,162 per month to ₹19,853 per month in India. The take-home salary calculation is based on the average Muthoot Finance Collection Officer salary in India which ranges between ₹2.0 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

What is the notice period for Collection Officer at Muthoot Finance?

According to AmbitionBox, 67% of the Muthoot Finance Collection Officers reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Finance Collection Officer Salaries

Muthoot Finance Collection Officer salary in India ranges between ₹2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.