Muthoot Finance Customer Service Associate Salaries by 5 Employees

0 - 3 years exp.

₹2 Lakhs - ₹2.7 Lakhs

Low Confidence

Salary of majority employees

26% less than the average Customer Service Associate Salary in NBFC Companies for 0 - 3 years of experience

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Last Updated: 23 May 2024

Companies similar to Muthoot Finance for Customer Service Associate

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Customer Service Associate Salary 0 - 5 years exp. (23 salaries)	₹1.5 L/yr - ₹3 L/yr 3% less
Mahindra Finance Customer Service Associate Salary 0 - 6 years exp. (19 salaries)	₹1.9 L/yr - ₹3.7 L/yr 20% more
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SMFG India Credit Customer Service Associate Salary 1 - 6 years exp. (15 salaries)	₹2.4 L/yr - ₹3.2 L/yr 38% more
Sammaan Capital Limited Customer Service Associate Salary 0 - 5 years exp. (10 salaries)	₹2.1 L/yr - ₹3 L/yr 23% more
Muthoot Fincorp Customer Service Associate Salary 1 - 3 years exp. (8 salaries)	₹1.3 L/yr - ₹2.7 L/yr 10% less
IIFL Finance Customer Service Associate Salary 0 - 6 years exp. (7 salaries)	₹1.8 L/yr - ₹3 L/yr 2% less
Bajaj Finance Customer Service Associate Salary 1 - 2 years exp. (6 salaries)	₹1 L/yr - ₹2 L/yr 22% less
Sundaram Finance Customer Service Associate Salary 0 - 5 years exp. (4 salaries)	₹1.3 L/yr - ₹2.5 L/yr 7% less
L&T Finance Customer Service Associate Salary 0 - 5 years exp. (3 salaries)	₹1.7 L/yr - ₹2.9 L/yr 5% less
Poonawalla Fincorp Customer Service Associate Salary 2 - 6 years exp. (3 salaries)	₹3 L/yr - ₹4 L/yr 63% more

Customer Service Associate salary at Muthoot Finance ranges between ₹2 Lakhs to ₹2.7 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Customer Service Associate salaries

Last Updated: 23 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹3.9 L/yr
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.2 L/yr
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2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹4 L/yr

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Senior Customer Service Executive Salary

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Salary related reviews for Muthoot Finance

4.5

Rated by 2 employees for salary & benefits

Customer Service Associate in Vijayawada

Customer Success, Service & Operations Department

3.0

• posted on 10 Aug 2021

4.0

for Salary and Benefits

Likes

Friendly colleagues in my branch, time to time salary , good incentives monthly and quarterly

Salary - Good

+1 more

Dislikes

Over targets, too much pressure, bad coordination between colleagues, caste feeling promotions, daily extra time work and sometime Sunday also have to work

Skill development - Poor

+2 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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Muthoot Finance Customer Service Associate Salary FAQs

What is the salary of Customer Service Associate at Muthoot Finance ?

The average salary of a Customer Service Associate at Muthoot Finance in India typically ranges from ₹2.0 Lakhs to ₹2.7 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Customer Service Associate at Muthoot Finance earn more than ₹2.7 Lakhs per year, and the top 1% earn over ₹2.7 Lakhs per year. Customer Service Associate 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 Customer Service Associate at Muthoot Finance in India?

The estimated take-home salary of a Customer Service Associate at Muthoot Finance in India typically ranges from ₹15,027 to ₹16,597 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹2.7 Lakhs per year for employees with experience ranging from Fresher to 3 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.

Which companies offer higher salaries than Muthoot Finance for Customer Service Associate in India?

Poonawalla Fincorp	₹3.0 Lakhs to ₹4.0 Lakhs per year
SMFG India Credit	₹2.4 Lakhs to ₹3.2 Lakhs per year
Sammaan Capital Limited	₹2.1 Lakhs to ₹3.0 Lakhs per year
Mahindra Finance	₹1.9 Lakhs to ₹3.7 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 Customer Service Associate in companies similar to Muthoot Finance in India?

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

IIFL Finance	₹1.8 Lakhs to ₹3.0 Lakhs per year
HDB Financial Services	₹1.5 Lakhs to ₹3.0 Lakhs per year
L&T Finance	₹1.7 Lakhs to ₹2.9 Lakhs per year
Sundaram Finance	₹1.3 Lakhs to ₹2.5 Lakhs per year
Muthoot Fincorp	₹1.3 Lakhs to ₹2.7 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 Customer Service Associate at Muthoot Finance in India?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹3.9 Lakhs per year
1 year	₹0.9 Lakhs to ₹2.2 Lakhs per year
2 years	₹2.0 Lakhs to ₹2.7 Lakhs per year
3 years	₹2.0 Lakhs to ₹4.0 Lakhs per year

and so on.

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Muthoot Finance Customer Service Associate Salaries

Muthoot Finance Customer Service Associate salary in India ranges between ₹2 Lakhs to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.