Muthoot Finance Probationary Officer Salaries by 300+ Employees (Updated 2025)

0 - 3 years exp.

₹1.8 Lakh - ₹3.8 Lakhs

Salary of majority employees

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. (132 salaries)	₹1.8 L/yr - ₹3.8 L/yr
BFSI, Investments & Trading Probationary Officer Salary 0 - 3 years exp. (32 salaries)	₹1.9 L/yr - ₹3.8 L/yr
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Customer Success, Service & Operations Probationary Officer Salary 0 - 3 years exp. (27 salaries)	₹1.8 L/yr - ₹3.4 L/yr
Human Resources Probationary Officer Salary 0 - 3 years exp. (14 salaries)	₹1.8 L/yr - ₹3 L/yr
Sales & Business Development Probationary Officer Salary 0 - 3 years exp. (13 salaries)	₹1.8 L/yr - ₹3.2 L/yr

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Last Updated: 1 Mar 2025

Companies similar to Muthoot Finance for Probationary Officer

Company name	Avg Annual Salary	Open Jobs
State Bank of India Probationary Officer Salary 0 - 6 years exp. (152 salaries)	₹5 L/yr - ₹18.7 L/yr 334% more
HDFC Bank Probationary Officer Salary Fresher (4 salaries)	₹3 L/yr - ₹4.5 L/yr 42% more
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ICICI Bank Probationary Officer Salary 0 - 5 years exp. (104 salaries)	₹0.6 L/yr - ₹6 L/yr 60% more
Axis Bank Probationary Officer Salary 1 - 10 years exp. (4 salaries)	₹1.1 L/yr - ₹3 L/yr 16% less
Punjab National Bank Probationary Officer Salary 0 - 2 years exp. (10 salaries)	₹6 L/yr - ₹7.5 L/yr 168% more
Bank of Baroda Probationary Officer Salary 0 - 5 years exp. (17 salaries)	₹5.3 L/yr - ₹13.5 L/yr 281% more
Canara Bank Probationary Officer Salary 1 - 10 years exp. (39 salaries)	₹3.5 L/yr - ₹13 L/yr 223% more
IDBI Bank Probationary Officer Salary 0 - 4 years exp. (4 salaries)	₹9 L/yr - ₹13 L/yr 302% more
Union Bank of India Probationary Officer Salary 0 - 2 years exp. (9 salaries)	₹4.5 L/yr - ₹12 L/yr 234% more
Manappuram Finance Probationary Officer Salary 1 - 3 years exp. (4 salaries)	₹1.8 L/yr - ₹1.9 L/yr 30% less
Muthoot Fincorp Probationary Officer Salary 0 - 1 year exp. (3 salaries)	₹2.7 L/yr - ₹3 L/yr 5% more
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Probationary Officer salary at Muthoot Finance ranges between ₹1.8 Lakh to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 307 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Probationary Officer salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (92 salaries)	₹1.8 L/yr - ₹3.8 L/yr
1 year (149 salaries)	₹1.8 L/yr - ₹3.5 L/yr
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2 years (50 salaries)	₹1.8 L/yr - ₹3.8 L/yr
3 years (16 salaries)	₹2 L/yr - ₹3.8 L/yr

From

Probationary Officer

₹

Lakhs/yr

0 - 3 years exp.

Cluster Manager

₹

Lakhs/yr

8 - 20 years exp.

Probationary Officer 0 - 3 years exp.

Assistant Manager 0 - 10 years exp.

55% hike

Branch Manager 2 - 18 years exp.

21% hike

Similar Designation salaries in Muthoot Finance

Accounts Officer Salary

(7 salaries)

₹1.8 L/yr - ₹2.1 L/yr

Relationship Manager Salary

(31 salaries)

₹2.2 L/yr - ₹4 L/yr

Deputy Manager Salary

(83 salaries)

₹3 L/yr - ₹9.08 L/yr

Management Trainee Salary

(12 salaries)

₹3 L/yr - ₹5 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Finance Executive Salary

(89 salaries)

₹1.44 L/yr - ₹4.8 L/yr

Senior Associate Salary

(3 salaries)

₹2.5 L/yr - ₹4 L/yr

Financial Analyst Salary

(9 salaries)

₹2.5 L/yr - ₹8 L/yr

Accountant Salary

(64 salaries)

₹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

Salary related reviews for Muthoot Finance

2.9

Rated by 77 employees for salary & benefits

Probationary Officer (working remotely)

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....

Salary - Bad

+6 more

Probationary Officer in Vellore

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

Dislikes

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

Salary - Poor

+6 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

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

Account Assistant in Alibag

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

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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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 ₹1.8 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 307 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 ₹18,404 per month to ₹20,091 per month in India. The take-home salary calculation is based on the average Muthoot Finance Probationary Officer salary in India which ranges between ₹1.8 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 209 responses on AmbitionBox in last 2 years.

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Muthoot Finance Probationary Officer Salaries by Location

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Muthoot Finance Probationary Officer Salaries

Muthoot Finance Probationary Officer salary in India ranges between ₹1.8 Lakh to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 307 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Probationary Officer salaries in India (Updated 2025)

Companies similar to Muthoot Finance for Probationary Officer

Latest annual salaries shared by Muthoot Finance Probationary Officer

Experience wise Muthoot Finance Probationary Officer salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Probationary Officer

Salary related reviews for Muthoot Finance

Probationary Officer (working remotely)

Probationary Officer in Vellore

Deputy Manager in Rae Bareli

Deputy Manager in Bhubaneswar

Account Assistant in Alibag

Muthoot Finance Probationary Officer Salary FAQs

Tell us how to improve this page.

Muthoot Finance Probationary Officer Salaries by Location