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Muthoot Finance

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3.6

based on 4.7k Reviews

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Muthoot Finance Officer salaries in India

Annual salary range
1 - 5 years exp.
₹1.5 Lakh - ₹2.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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55% less than the average Officer Salary in NBFC Companies for 1 - 5 years of experience

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Salaries in different departments

Sales & Business Development
Officer Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹1.5 L/yr - ₹1.5 L/yr

Finance & Accounting
Officer Salary
1 year exp. (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.6 L/yr

Last Updated: 27 Oct 2023

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₹1.1 L/yr - ₹6 L/yr

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₹1.2 L/yr - ₹5 L/yr

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₹1.1 L/yr - ₹4 L/yr

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₹2 L/yr - ₹3.8 L/yr

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1 - 6 years exp. (41 salaries)

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₹1 L/yr - ₹4.8 L/yr

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1 - 12 years exp. (31 salaries)

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₹1.2 L/yr - ₹2.8 L/yr

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CreditAccess Grameen Officer Salary

4 - 12 years exp. (12 salaries)

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₹3.1 L/yr - ₹4.5 L/yr

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Tata Capital Housing Finance Officer Salary

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IDFC FIRST Bharat Officer Salary

1 - 6 years exp. (7 salaries)

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₹2 L/yr - ₹3.1 L/yr

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Muthoot Fincorp Officer Salary

3 - 10 years exp. (6 salaries)

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₹2.1 L/yr - ₹3.2 L/yr

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4 - 10 years exp. (5 salaries)

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₹3.2 L/yr - ₹4.5 L/yr

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0 - 1 year exp. (4 salaries)

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₹1 L/yr - ₹3 L/yr

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Mahindra Finance Officer Salary

1 - 8 years exp. (4 salaries)

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₹1.9 L/yr - ₹2.8 L/yr

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1 job opening
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Officer salary at Muthoot Finance ranges between ₹1.5 Lakh to ₹2.2 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Officer

1y ago
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5 years exp.
1y ago
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4 years exp.
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1 year exp.

Experience wise Muthoot Finance Officer salaries

Last Updated: 27 Oct 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.6 L/yr - ₹3.7 L/yr
2 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4 L/yr

Similar Designation salaries in Muthoot Finance

QA Engineer Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Test Engineer Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
QA QC Engineer Salary
(AmbitionBox Estimate)
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₹47.5 L/yr - ₹52.5 L/yr
Deputy Manager Salary
(79 salaries)
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₹3.5 L/yr - ₹9.6 L/yr
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₹2.7 L/yr - ₹3.5 L/yr
Quality Engineer Salary
(AmbitionBox Estimate)
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₹95 L/yr - ₹105 L/yr
Software Engineer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Quality Analyst Salary
(AmbitionBox Estimate)
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₹4.4 L/yr - ₹5.6 L/yr

Top skills at Muthoot Finance for Officer

Gold Loan Customer Relationship Sales Accounting Cash Management Mutual Funds Business Development Team Leading direct marketing Team Handling Analytical skills target Banking Finance Management

Salary related reviews for Muthoot Finance

4.3

Rated by 3 employees for salary & benefits

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

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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

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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.

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Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 22 Oct 2024

1.0
 for  Salary and Benefits

Likes

Yes,they look after there employees and have very strong Audit team which help in taking quick and responsive initiatives over any queries.

read more

Dislikes

...the RM and the other employees at Ro level takes the Branch staff for granted 2. Salary package is very very low as compaire to others. 3. They ask about salary justification over work,i would like to say first you give the proper salary and designation to you employee's and then ask this question

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 28 Sep 2024

1.0
 for  Salary and Benefits

Likes

Their os nothing to like in the company

Dislikes

They are paying nothing or say negligible amount to their employee or their is nothing like overtime in the company even if they force you to stay in the branch till 8 pm in the evening. They force you to stay in the branch after working hour for VC and do other job but pay u nothing for the same . They pay overtime to their guard only so you think what your standard in company. They pressure you to do multiple things but didn’t gave you promotion even you are eligible to get promotion and appraisal in the same department in other companies so you can see the difference by your self. They only love their profit they even not tell what kind and how they calculate about incentive. They just gave you silly replies you have fixed incentive , we have a call centre team they do the hard work but when you raise the same question after a week they are be like you have to do this we will assure you that we will definitely give you incentive but this is again a lie from management. You have to visit branch on holiday even it is holiday declared by company on paper to check branch lock and shutter no security guard deployed on holiday. They will not gave you a single rupee in the form of TA. They open their branch on Sunday or gave you this news just 2-3 hour before you leave the office as per them you doesn’t have any plan or any family to spend time on Sunday. At the end i will like you to share that they thing your a slave or orphan and now few people say why shouldn’t you leave the job their have your original mark-sheet as security or a bond .

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Full Time

 · 

Legal & Regulatory Department

5.0
  •  posted on 17 Aug 2024

4.0
 for  Salary and Benefits

Likes

...onsibilities, allowing for skill development and cross-functional experience. 5. Competitive compensation and benefits package. 6. Sense of fulfillment from contributing to the financial well-being of individuals and communities. 7. Opportunities for career advancement and leadership development. 8. Work-life balance and flexible working arrangements. 9. Recognition and rewards for outstanding performance and contributions. 10. Being part of a company that gives back to society through various CSR initiative

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Dislikes

1. High stress levels due to sales targets and customer expectations. 2. Limited career progression opportunities in certain roles. 3. Workload and pressure to meet deadlines. 4. Bureaucratic processes and red tape. 5. Limited flexibility in decision-making and autonomy. 6. High employee turnover rate, leading to loss of colleagues and mentors. 7. Continuous changes in policies and procedures, requiring adaptability. 8. Dealing with difficult customers and resolving complaints. 9. Long working hours and overtime requirements. 10. Limited scope for innovation and crea tivity in certain roles.

read more
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Muthoot Finance Officer Salary FAQs

What is the salary of Officer at Muthoot Finance?
Officer salary at Muthoot Finance in India ranges between ₹1.5 Lakhs to ₹2.2 Lakhs for experience between 1 years to 5 years. According to our estimates it is 55% less than the average Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance India.
How does the salary of a Officer at Muthoot Finance India compare with the average salary range for this job?
The average salary of a Officer at Muthoot Finance is 55% less than the average salary of a Officer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Officer at Muthoot Finance?
Gold Loan, Customer Relationship, Sales, Accounting and Cash Management are some of the popular skills required to work as a Officer at Muthoot Finance India.
Which similar companies are paying more than Muthoot Finance to a Officer in India?
  • Tata Capital Officer Salary - ₹2.4 Lakhs to ₹5.9 Lakhs per year
  • Tata Capital Housing Finance Officer Salary - ₹2.6 Lakhs to ₹4.6 Lakhs per year
  • CreditAccess Grameen Officer Salary - ₹3.1 Lakhs to ₹4.5 Lakhs per year
  • TVS Credit Officer Salary - ₹3.2 Lakhs to ₹4.5 Lakhs per year
  • Satin Creditcare Network Officer Salary - ₹2.3 Lakhs to ₹4.3 Lakhs per year
What is the salary of a Officer in companies similar to Muthoot Finance in India?
  • HDFC Bank Officer Salary - ₹1.4 Lakhs to ₹5.4 Lakhs per year
  • Manappuram Finance Officer Salary - ₹1.8 Lakhs to ₹3.9 Lakhs per year
  • Bajaj Finance Officer Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
  • Kotak Mahindra Prime Officer Salary - ₹2.3 Lakhs to ₹3.5 Lakhs per year
  • ICICI Bank Officer Salary - ₹1.1 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Officer at Muthoot Finance in India?
The estimated take-home salary of a Officer at Muthoot Finance ranges between ₹14,861 per month to ₹16,416 per month in India. The take-home salary calculation is based on the average Muthoot Finance Officer salary in India which ranges between ₹1.5 Lakhs to ₹2.2 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Officer at Muthoot Finance?
According to AmbitionBox, 50% of the Muthoot Finance Officers reported a notice period of 15 days or less, 33% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Muthoot Finance Officer salary in India ranges between ₹1.5 Lakh to ₹2.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.