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3.6

based on 5.1k Reviews

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Muthoot Finance Probationary Officer salaries in Chennai (Updated 2025)

Annual salary range
0 - 3 years exp.
₹2 Lakhs - ₹3.5 Lakhs
Salary of majority employees
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Fixed (100%)
₹2.7 Lakhs
Variable (0%)
₹0.0
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67% less than the average Probationary Officer Salary in NBFC Companies for 0 - 3 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Finance & Accounting
Probationary Officer Salary
0 - 3 years exp. (12 salaries)
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₹2 L/yr - ₹3.5 L/yr

BFSI, Investments & Trading
Probationary Officer Salary
0 - 2 years exp. (6 salaries)
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₹2.5 L/yr - ₹3.2 L/yr

Customer Success, Service & Operations
Probationary Officer Salary
1 year exp. (3 salaries)
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₹2.5 L/yr - ₹2.8 L/yr

Human Resources
Probationary Officer Salary
1 - 2 years exp. (3 salaries)
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₹2.5 L/yr - ₹2.9 L/yr

Sales & Business Development
Probationary Officer Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹2.5 L/yr

Last Updated: 23 Mar 2025

Companies similar to Muthoot Finance for Probationary Officer in Chennai

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Muthoot Finance Probationary Officer Salary

0 - 3 years exp. (31 salaries)
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₹2 L/yr - ₹3.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Federal Bank Probationary Officer Salary

0 - 4 years exp. (12 salaries)
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₹7.3 L/yr - ₹15.5 L/yr

arrow icon 376% more
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South Indian Bank Probationary Officer Salary

1 - 2 years exp. (7 salaries)
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₹8 L/yr - ₹11 L/yr

arrow icon 293% more
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State Bank of India Probationary Officer Salary

1 - 4 years exp. (7 salaries)
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₹7 L/yr - ₹13 L/yr

arrow icon 319% more
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The Muthoot Group Probationary Officer Salary

0 - 3 years exp. (7 salaries)
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₹1.9 L/yr - ₹2.6 L/yr

arrow icon 11% less
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ICICI Bank Probationary Officer Salary

0 - 5 years exp. (5 salaries)
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₹2 L/yr - ₹4 L/yr

arrow icon 26% more
Probationary Officer salary at Muthoot Finance ranges between ₹2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 31 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Probationary Officer in Chennai

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Experience wise Muthoot Finance Probationary Officer salaries in Chennai

Last Updated: 23 Mar 2025

Experience Avg Annual Salary
Fresher  (8 salaries)

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₹2 L/yr - ₹3 L/yr
1 year  (12 salaries)

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₹2 L/yr - ₹3.2 L/yr
2 years  (8 salaries)

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₹2 L/yr - ₹3.5 L/yr
3 years  (3 salaries)

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₹2 L/yr - ₹3 L/yr
Muthoot Finance Probationary Officer Salary and Career Growth

From

To

Probationary Officer

₹unlock blur Lakhs/yr

0 - 3 years exp.

Cluster Manager

₹unlock blur Lakhs/yr

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
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

Finance Executive Salary
(15 salaries)
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₹1.44 L/yr - ₹3.68 L/yr
Deputy Manager Salary
(4 salaries)
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₹4.4 L/yr - ₹5.75 L/yr

Top skills at Muthoot Finance for Probationary Officer

Gold Loan Accounting Customer Relationship Cash Management Services Mutual Funds Direct Marketing Software Configuration Management Analytical Skills Interpersonal Skills Gold Loan Finance Finance Marketing Banking Operations Accounting

Salary related reviews for Muthoot Finance

4.0

Rated by 1 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....

read more
  • 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

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

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

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

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

read more
  • 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

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

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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 in Chennai?
The average salary of a Probationary Officer at Muthoot Finance in Chennai typically ranges from ₹2.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Probationary Officer in Chennai at Muthoot Finance earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.5 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 30+ Muthoot Finance employees in India.
What is the estimated take home salary of a Probationary Officer at Muthoot Finance in Chennai?
The estimated take-home salary of a Probationary Officer at Muthoot Finance in Chennai typically ranges from ₹18,756 to ₹20,437 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.5 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 30+ 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 in Chennai?
To be a Probationary Officer at Muthoot Finance in Chennai, the key skills required include:

  • - Gold Loan
  • - Accounting
  • - Customer Relationship
  • - Cash Management Services
  • - Mutual Funds

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?
Federal Bank ₹7.3 Lakhs to ₹15.5 Lakhs per year
State Bank of India ₹7.0 Lakhs to ₹13.0 Lakhs per year
South Indian Bank ₹8.0 Lakhs to ₹11.0 Lakhs per year
ICICI Bank ₹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 Probationary Officer in companies similar to Muthoot Finance in Chennai?
The salary of a Probationary Officer at companies similar to Muthoot Finance in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

The Muthoot Group ₹1.9 Lakhs to ₹2.6 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 Chennai?
The salary growth for a Probationary Officer at Muthoot Finance in Chennai depends on factors such as experience, performance, and promotions. On average, a Probationary Officer in Chennai can expect the following growth trajectory at Muthoot Finance:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹3.0 Lakhs per year
1 year ₹2.0 Lakhs to ₹3.2 Lakhs per year
2 years ₹2.0 Lakhs to ₹3.5 Lakhs per year
3 years ₹2.0 Lakhs to ₹3.0 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Finance Probationary Officer salary in Chennai ranges between ₹2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 31 Muthoot Finance latest salaries received from various employees of Muthoot Finance.