Muthoot Finance Manager M1 Salaries by 6 Employees (Updated 2025)

6 - 12 years exp.

₹3.9 Lakhs - ₹8.5 Lakhs

Low Confidence

Salary of majority employees

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49% less than the average Manager M1 Salary in NBFC Companies for 6 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 7 - 8 years exp. (AmbitionBox Estimate)	Unlock ₹5.5 L/yr - ₹7.5 L/yr
Finance & Accounting Manager M1 Salary 6 years exp. (AmbitionBox Estimate)	Unlock ₹7.7 L/yr - ₹9.4 L/yr
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Human Resources Manager M1 Salary 12 years exp. (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 5 Feb 2025

Companies similar to Muthoot Finance for Manager M1

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Manager M1 Salary 1 - 6 years exp. (4 salaries)	Unlock ₹4 L/yr - ₹5.6 L/yr 31% less
HDFC Bank Manager M1 Salary 6 - 14 years exp. (145 salaries)	Unlock ₹5 L/yr - ₹13.3 L/yr 43% more
Login to view exact salary
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	Unlock ₹4.5 L/yr - ₹16 L/yr 75% more
Axis Bank Manager M1 Salary 5 - 12 years exp. (158 salaries)	Unlock ₹4.2 L/yr - ₹10.6 L/yr 30% more
Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (43 salaries)	Unlock ₹3 L/yr - ₹10 L/yr 2% more
Tata Capital Manager M1 Salary 2 - 5 years exp. (4 salaries)	Unlock ₹4.6 L/yr - ₹6 L/yr 8% less
SMFG India Credit Manager M1 Salary 2 - 16 years exp. (20 salaries)	Unlock ₹6.5 L/yr - ₹15 L/yr 83% more
Kotak Mahindra Prime Manager M1 Salary 3 - 11 years exp. (7 salaries)	Unlock ₹3.5 L/yr - ₹5 L/yr 31% less
Muthoot Fincorp Manager M1 Salary 9 - 11 years exp. (5 salaries)	Unlock ₹4.5 L/yr - ₹7 L/yr 5% less
Tata Capital Housing Finance Manager M1 Salary 0 - 10 years exp. (5 salaries)	Unlock ₹4.6 L/yr - ₹6.5 L/yr 9% less
PNB Housing Finance Manager M1 Salary 4 - 9 years exp. (4 salaries)	Unlock ₹7.4 L/yr - ₹10.7 L/yr 67% more
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Mahindra Finance Manager M1 Salary 13 - 17 years exp. (4 salaries)	Unlock ₹10 L/yr - ₹14.8 L/yr 125% more
TVS Credit Manager M1 Salary 0 - 11 years exp. (4 salaries)	Unlock ₹7.6 L/yr - ₹8 L/yr 35% more
HDB Financial Services Manager M1 Salary 10 - 22 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹13.5 L/yr 39% more
Bharat Financial Inclusion Manager M1 Salary 5 - 15 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹10 L/yr 25% more
Aavas Financiers Manager M1 Salary 1 - 6 years exp. (3 salaries)	Unlock ₹3.1 L/yr - ₹9 L/yr 11% less
Sammaan Capital Limited Manager M1 Salary 6 - 14 years exp. (3 salaries)	Unlock ₹6.2 L/yr - ₹11.5 L/yr 35% more
Poonawalla Fincorp Manager M1 Salary 0 - 12 years exp. (3 salaries)	Unlock ₹8.5 L/yr - ₹15.8 L/yr 123% more

Manager M1 salary at Muthoot Finance ranges between ₹3.9 Lakhs to ₹8.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Manager M1 salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹8.5 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹7.5 L/yr
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8 years (AmbitionBox Estimate)	Unlock ₹5.5 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹3.9 L/yr - ₹10.6 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹9.6 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹4.3 L/yr - ₹5.5 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹1.7 L/yr - ₹6 L/yr

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Salary related reviews for Muthoot Finance

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

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 .

Salary - Bad

+6 more

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.

Skill development - Excellent

+4 more

Dislikes

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

Salary - Poor

see more salary related reviews

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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... read more

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Muthoot Finance Manager M1 Salary FAQs

What is the salary of Manager M1 at Muthoot Finance?

Manager M1 salary at Muthoot Finance in India ranges between ₹3.9 Lakhs to ₹8.5 Lakhs for experience between 6 years to 12 years. According to our estimates it is 49% less than the average Manager M1 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a Manager M1 at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Manager M1 at Muthoot Finance is 49% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Finance to a Manager M1 in India?

Mahindra Finance Manager M1 Salary - ₹10.0 Lakhs to ₹14.8 Lakhs per year
Poonawalla Fincorp Manager M1 Salary - ₹8.5 Lakhs to ₹15.8 Lakhs per year
SMFG India Credit Manager M1 Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year
ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹16.0 Lakhs per year
PNB Housing Finance Manager M1 Salary - ₹7.4 Lakhs to ₹10.7 Lakhs per year

What is the salary of a Manager M1 in companies similar to Muthoot Finance in India?

HDFC Bank Manager M1 Salary - ₹5.0 Lakhs to ₹13.3 Lakhs per year
HDB Financial Services Manager M1 Salary - ₹5.0 Lakhs to ₹13.5 Lakhs per year
Sammaan Capital Limited Manager M1 Salary - ₹6.2 Lakhs to ₹11.5 Lakhs per year
TVS Credit Manager M1 Salary - ₹7.6 Lakhs to ₹8.0 Lakhs per year
Axis Bank Manager M1 Salary - ₹4.2 Lakhs to ₹10.6 Lakhs per year

What is the estimated take home salary of a Manager M1 at Muthoot Finance in India?

The estimated take-home salary of a Manager M1 at Muthoot Finance ranges between ₹44,499 per month to ₹45,597 per month in India. The take-home salary calculation is based on the average Muthoot Finance Manager M1 salary in India which ranges between ₹3.9 Lakhs to ₹8.5 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Muthoot Finance?

According to AmbitionBox, 50% of the Muthoot Finance Manager M1s reported a notice period of 2 Months, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Muthoot Finance Manager M1 Salaries

Muthoot Finance Manager M1 salary in India ranges between ₹3.9 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.