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

0 - 3 years exp.

₹1.4 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. (130 salaries)	₹1.8 L/yr - ₹3.8 L/yr
BFSI, Investments & Trading Probationary Officer Salary 0 - 3 years exp. (31 salaries)	₹2 L/yr - ₹3.8 L/yr
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Customer Success, Service & Operations Probationary Officer Salary 0 - 3 years exp. (28 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. (14 salaries)	₹1.8 L/yr - ₹3.2 L/yr

View all

Last Updated: 8 Mar 2025

Companies similar to Muthoot Finance for Probationary Officer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Probationary Officer Salary 1 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹1.9 L/yr 30% less
Muthoot Fincorp Probationary Officer Salary 0 - 2 years exp. (3 salaries)	₹2.7 L/yr - ₹3 L/yr 5% more
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Federal Bank Probationary Officer Salary 0 - 3 years exp. (302 salaries)	₹6 L/yr - ₹16 L/yr 366% more
State Bank of India Probationary Officer Salary 0 - 6 years exp. (146 salaries)	₹6 L/yr - ₹18.7 L/yr 393% more
South Indian Bank Probationary Officer Salary 0 - 2 years exp. (105 salaries)	₹4.8 L/yr - ₹13 L/yr 288% more

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 307 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Probationary Officer salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
Fresher (89 salaries)	₹1.8 L/yr - ₹3.8 L/yr
1 year (150 salaries)	₹1.4 L/yr - ₹3.5 L/yr
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2 years (50 salaries)	₹1.8 L/yr - ₹3.8 L/yr
3 years (18 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

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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 - ₹3.7 L/yr

Deputy Manager Salary

(94 salaries)

₹3 L/yr - ₹8.9 L/yr

Management Trainee Salary

(12 salaries)

₹3 L/yr - ₹6 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

(84 salaries)

₹1.2 L/yr - ₹4.4 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 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

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 78 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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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 Probationary Officer Salary FAQs

What is the salary of Probationary Officer at Muthoot Finance ?

The average salary of a Probationary Officer at Muthoot Finance in India typically ranges from ₹1.4 Lakhs to ₹3.8 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Probationary Officer at Muthoot Finance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Probationary Officer 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 300+ Muthoot Finance employees in India.

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 in India typically ranges from ₹18,444 to ₹20,130 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from Fresher to 3 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 300+ salaries received from various employees of Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Probationary Officer at Muthoot Finance ?

To be a Probationary Officer at Muthoot Finance in india, the key skills required include:

- Gold Loan
- Accounting
- Customer Relationship
- Cash Management
- Finance

These skills are highly valued at Muthoot Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Finance for Probationary Officer in India?

State Bank of India	₹6.0 Lakhs to ₹18.7 Lakhs per year
Federal Bank	₹6.0 Lakhs to ₹16.0 Lakhs per year
South Indian Bank	₹4.8 Lakhs to ₹13.0 Lakhs per year
Muthoot Fincorp	₹2.7 Lakhs to ₹3.0 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 Probationary Officer in companies similar to Muthoot Finance in India?

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

Manappuram Finance

₹1.8 Lakhs to ₹1.9 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 Probationary Officer at Muthoot Finance in India?

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

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹3.8 Lakhs per year
1 year	₹1.4 Lakhs to ₹3.5 Lakhs per year
2 years	₹1.8 Lakhs to ₹3.8 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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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 ₹1.4 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