Muthoot Finance Operative Salaries by 6 Employees

1 - 5 years exp.

₹1.5 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

27% less than the average Operative Salary in NBFC Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Operative Salary 1 - 2 years exp. (3 salaries)	₹1.5 L/yr - ₹2.4 L/yr
Customer Success, Service & Operations Operative Salary 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Finance & Accounting Operative Salary 1 year exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 2 Oct 2023

Companies similar to Muthoot Finance for Operative

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Operative Salary 0 - 6 years exp. (8 salaries)	₹2 L/yr - ₹3.1 L/yr 22% more
IIFL Finance Operative Salary 2 - 5 years exp. (5 salaries)	₹3 L/yr - ₹3.3 L/yr 39% more
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SK Finance Limited Operative Salary 1 - 3 years exp. (5 salaries)	₹1.6 L/yr - ₹2.7 L/yr 1% less
Aavas Financiers Operative Salary 0 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹2.7 L/yr 12% more
Bajaj Finance Operative Salary 0 - 4 years exp. (4 salaries)	₹1.2 L/yr - ₹4.5 L/yr 21% more
SMFG India Credit Operative Salary 0 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹3.5 L/yr 30% more
Manappuram Finance Operative Salary 1 - 11 years exp. (3 salaries)	₹2 L/yr - ₹4 L/yr 23% more
Kotak Mahindra Prime Operative Salary 0 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹3 L/yr 8% more
Mahindra Rural Housing Finance Operative Salary 0 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr 20% more
Mahindra Finance Operative Salary 0 - 6 years exp. (3 salaries)	₹2.4 L/yr - ₹5 L/yr 55% more
L&T Finance Operative Salary 1 - 10 years exp. (3 salaries)	₹2.8 L/yr - ₹4.2 L/yr 58% more
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Operative salary at Muthoot Finance ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Operative salaries

Last Updated: 2 Oct 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.9 L/yr
2 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Similar Designation salaries in Muthoot Finance

Operator Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Technician Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Deputy Manager Salary

(85 salaries)

₹3 L/yr - ₹8.9 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Junior Engineer Salary

(4 salaries)

₹2.7 L/yr - ₹3.5 L/yr

Quality Engineer Salary

(AmbitionBox Estimate)

₹95 L/yr - ₹105 L/yr

Electrical Engineer Salary

(4 salaries)

₹3.5 L/yr - ₹4.5 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹14 L/yr - ₹17.8 L/yr

Maintenance Engineer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Maintenance Manager Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

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

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

Team Manager in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 Feb 2025

2.0

for Salary and Benefits

Likes

Getting salary on 30th of every month.

Dislikes

1- Very low salary , 2- Hypocrite attitude of senior level employees 3- HR is a comedy , even if you are resigning also they not even call you to understand the issue there is no exit interview at all. They started working after 5:30 PM only to show the management that we are working more hours , till 5 PM they are enjoying by distributing snaks going out etc ... 4- HR give promotion just for the sake and send you to another location by giving only 2K salary hike. while your expenses jumped to 10k and responsibility also , finally your promotion got waste. People fear to take promotions here. 5 -very bad family insurance , only 1 lakh and there is no parent insurance option.

Salary - Poor

+5 more

Senior Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

3.0

• posted on 18 Feb 2025

3.0

for Salary and Benefits

Likes

Company is giving internal promotions and incentive for all employés irrespective of function.

Job security - Good

+2 more

Dislikes

Low salary for existing employees and giving better salary for new entrance in the same role 6 Days working is very hectic , company collecting money from employees for evening tea., Parent insurance is not available. Etc...

Business Development Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 17 Feb 2025

1.0

for Salary and Benefits

Likes

Good things was it's near to my home and time was flexible and leaves were good

Dislikes

Many things salary is first but never received on time salary everytime and incentives were not given properly no skill development only work like hell and call customer daily but they were not even interested to get benifits and fooling customer by false words work environment was ok because manager and employee misunderstanding more

Salary - Bad

+5 more

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a manager - business analyst

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 Operative Salary FAQs

What is the salary of Operative at Muthoot Finance ?

The average salary of a Operative at Muthoot Finance in India typically ranges from ₹1.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Operative at Muthoot Finance earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Operative 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 6 Muthoot Finance employees in India.

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

The estimated take-home salary of a Operative at Muthoot Finance in India typically ranges from ₹15,378 to ₹16,979 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 5 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 6 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 Operative in India?

L&T Finance	₹2.8 Lakhs to ₹4.2 Lakhs per year
Mahindra Finance	₹2.4 Lakhs to ₹5.0 Lakhs per year
IIFL Finance	₹3.0 Lakhs to ₹3.3 Lakhs per year
SMFG India Credit	₹2.5 Lakhs to ₹3.5 Lakhs per year
Manappuram Finance	₹2.0 Lakhs to ₹4.0 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 Operative in companies similar to Muthoot Finance in India?

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

HDB Financial Services	₹2.0 Lakhs to ₹3.1 Lakhs per year
Bajaj Finance	₹1.2 Lakhs to ₹4.5 Lakhs per year
Mahindra Rural Housing Finance	₹2.4 Lakhs to ₹3.0 Lakhs per year
Aavas Financiers	₹2.3 Lakhs to ₹2.7 Lakhs per year
Kotak Mahindra Prime	₹1.8 Lakhs to ₹3.0 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 Operative at Muthoot Finance in India?

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

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹1.9 Lakhs per year
2 years	₹1.7 Lakhs to ₹2.2 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
4 years	₹2.3 Lakhs to ₹2.9 Lakhs per year

and so on.

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Muthoot Finance Operative Salaries

Muthoot Finance Operative salary in India ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.