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Muthoot Finance Probationary Officer salaries in India (Updated 2025)

Annual salary range
0 - 3 years exp.
₹1.4 Lakh - ₹3.8 Lakhs
Salary of majority employees
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66% less than the average Probationary Officer Salary in NBFC Companies for 0 - 3 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

Finance & Accounting
Probationary Officer Salary
0 - 3 years exp. (133 salaries)
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₹1.8 L/yr - ₹3.8 L/yr

BFSI, Investments & Trading
Probationary Officer Salary
0 - 3 years exp. (32 salaries)
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₹1.9 L/yr - ₹3.8 L/yr

Customer Success, Service & Operations
Probationary Officer Salary
0 - 3 years exp. (28 salaries)
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₹1.8 L/yr - ₹3.4 L/yr

Human Resources
Probationary Officer Salary
0 - 3 years exp. (14 salaries)
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₹1.8 L/yr - ₹3 L/yr

Sales & Business Development
Probationary Officer Salary
0 - 3 years exp. (14 salaries)
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₹1.8 L/yr - ₹3.2 L/yr

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Last Updated: 5 Mar 2025

Companies similar to Muthoot Finance for Probationary Officer

Company name Avg Annual Salary Open Jobs
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State Bank of India Probationary Officer Salary

0 - 6 years exp. (152 salaries)

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₹5 L/yr - ₹18.7 L/yr

arrow icon 334% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 42% more
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ICICI Bank Probationary Officer Salary

0 - 5 years exp. (104 salaries)

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₹0.6 L/yr - ₹6 L/yr

arrow icon 61% more
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Axis Bank Probationary Officer Salary

1 - 10 years exp. (4 salaries)

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₹1.1 L/yr - ₹3 L/yr

arrow icon 15% less
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₹6 L/yr - ₹7.5 L/yr

arrow icon 169% more
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Bank of Baroda Probationary Officer Salary

0 - 5 years exp. (17 salaries)

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₹5.3 L/yr - ₹13.5 L/yr

arrow icon 281% more
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Canara Bank Probationary Officer Salary

1 - 10 years exp. (39 salaries)

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₹3.5 L/yr - ₹13 L/yr

arrow icon 223% more
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IDBI Bank Probationary Officer Salary

0 - 4 years exp. (4 salaries)

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₹9 L/yr - ₹13 L/yr

arrow icon 303% more
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₹4.5 L/yr - ₹12 L/yr

arrow icon 235% more
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₹1.8 L/yr - ₹1.9 L/yr

arrow icon 30% less
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₹2.7 L/yr - ₹3 L/yr

arrow icon 6% more

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Probationary Officer salary at Muthoot Finance ranges between ₹1.4 Lakh to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 311 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Probationary Officer

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Experience wise Muthoot Finance Probationary Officer salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
Fresher  (93 salaries)

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₹1.8 L/yr - ₹3.8 L/yr
1 year  (150 salaries)

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₹1.4 L/yr - ₹3.5 L/yr
2 years  (51 salaries)

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₹1.8 L/yr - ₹3.8 L/yr
3 years  (17 salaries)

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₹2 L/yr - ₹3.8 L/yr
Muthoot Finance Probationary Officer Salary and Career Growth

From

To

Probationary Officer

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0 - 3 years exp.

Cluster Manager

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8 - 20 years exp.

Probationary Officer 0 - 3 years exp.
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Assistant Manager 0 - 10 years exp.
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arrow icon 55% hike
Branch Manager 2 - 18 years exp.
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arrow icon 21% hike

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Similar Designation salaries in Muthoot Finance

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₹1.8 L/yr - ₹2.1 L/yr
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₹2.2 L/yr - ₹4 L/yr
Deputy Manager Salary
(83 salaries)
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₹2.8 L/yr - ₹7.5 L/yr
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₹3 L/yr - ₹5 L/yr
Process Associate Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr
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₹1.44 L/yr - ₹4.8 L/yr
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₹2.5 L/yr - ₹4 L/yr
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₹2.5 L/yr - ₹8 L/yr
Accountant Salary
(64 salaries)
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₹1.3 L/yr - ₹5.05 L/yr

Top skills at Muthoot Finance for Probationary Officer

Gold Loan Accounting Customer Relationship Cash Management Finance Mutual Funds direct marketing Banking Operations Analytical skills Management Interpersonal Skills Marketing Communication Skills Sales Cash Handling
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Salary related reviews for Muthoot Finance

2.9

Rated by 77 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 12 Oct 2023

1.0
 for  Salary and Benefits

Likes

There is no likes totally watse of time & carrier.....

Dislikes

...islike especially there is no support from cbm totally politics in management...no proper salary no proper incentive everything was fake...there is no customer support all are management support.... cheating there customer.... especially chennai Annanagar cluster and their branches....till more to tell the dislike,not only as a employee in future i will never become a customer to Muthoot finance 😡🤬not only myself will also suggest my family members and friends to not go to Muthoot finance forever....

read more
  • Salary - Bad
  • +6 more

Financial Services Department

1.0
  •  posted on 14 May 2021

2.0
 for  Salary and Benefits

Likes

One of the worst company ever working culture is very very worst and lose my last month salary also he cheating with all employees

read more

Dislikes

There is a lot of politics and management doesn't address our issues.salary is not satify there is bond for one year

read more
  • Salary - Poor
  • +6 more

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

read more
  • 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

read more
  • Promotions - Poor

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

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 20 Dec 2023

1.0
 for  Salary and Benefits

Likes

Salary is credited on time.

Dislikes

They do more work in less salary. Work time is too much. In that too, sometimes they stop for more time and work. They work on Sundays as well. Salary does not increase even after working for 8 years. Older employees give more pressure and harass them

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Muthoot Finance Probationary Officer Salary FAQs

What is the salary of Probationary Officer at Muthoot Finance?
Probationary Officer salary at Muthoot Finance in India ranges between ₹1.4 Lakhs to ₹3.8 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 66% less than the average Probationary Officer Salary in India. Salary estimates are based on 311 latest salaries received from various employees of Muthoot Finance India.
How does the salary of a Probationary Officer at Muthoot Finance India compare with the average salary range for this job?
The average salary of a Probationary Officer at Muthoot Finance is 66% less than the average salary of a Probationary Officer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Probationary Officer at Muthoot Finance?
Gold Loan, Accounting, Customer Relationship, Cash Management and Finance are some of the popular skills required to work as a Probationary Officer at Muthoot Finance India.
Which similar companies are paying more than Muthoot Finance to a Probationary Officer in India?
  • State Bank of India Probationary Officer Salary - ₹5.0 Lakhs to ₹18.7 Lakhs per year
  • IDBI Bank Probationary Officer Salary - ₹9.0 Lakhs to ₹13.0 Lakhs per year
  • Bank of Baroda Probationary Officer Salary - ₹5.3 Lakhs to ₹13.5 Lakhs per year
  • Union Bank of India Probationary Officer Salary - ₹4.5 Lakhs to ₹12.0 Lakhs per year
  • Canara Bank Probationary Officer Salary - ₹3.5 Lakhs to ₹13.0 Lakhs per year
What is the salary of a Probationary Officer in companies similar to Muthoot Finance in India?
  • Punjab National Bank Probationary Officer Salary - ₹6.0 Lakhs to ₹7.5 Lakhs per year
  • ICICI Bank Probationary Officer Salary - ₹0.6 Lakhs to ₹6.0 Lakhs per year
  • HDFC Bank Probationary Officer Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
  • Muthoot Fincorp Probationary Officer Salary - ₹2.7 Lakhs to ₹3.0 Lakhs per year
  • Axis Bank Probationary Officer Salary - ₹1.1 Lakhs to ₹3.0 Lakhs per year
What is the estimated take home salary of a Probationary Officer at Muthoot Finance in India?
The estimated take-home salary of a Probationary Officer at Muthoot Finance ranges between ₹18,368 per month to ₹20,055 per month in India. The take-home salary calculation is based on the average Muthoot Finance Probationary Officer salary in India which ranges between ₹1.4 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?
What is the notice period for Probationary Officer at Muthoot Finance?
According to AmbitionBox, 38% of the Muthoot Finance Probationary Officers reported a notice period of 15 days or less, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 210 responses on AmbitionBox in last 2 years.

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Muthoot Finance Probationary Officer salary in India ranges between ₹1.4 Lakh to ₹3.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 311 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

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