Muthoot Finance Madurai Probationary Officer Salaries by 9 Employees

0 - 2 years exp.

₹2 Lakhs - ₹2.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

16% more than the average Probationary Officer Salary in NBFC Companies for 0 - 2 years of experience

Interested in this particular role? 22 job openings

Salaries in different departments

Human Resources Probationary Officer Salary 0 - 2 years exp. (3 salaries)	₹2.2 L/yr - ₹2.6 L/yr
BFSI, Investments & Trading Probationary Officer Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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Finance & Accounting Probationary Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.6 L/yr
Sales & Business Development Probationary Officer Salary 1 year exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.7 L/yr

Last Updated: 13 Aug 2024

Companies similar to Muthoot Finance for Probationary Officer in Madurai

Muthoot Finance Probationary Officer Salary

0 - 2 years exp. (9 salaries)

₹2 L/yr - ₹2.7 L/yr

Company name	Avg Annual Salary	Open Jobs
The Muthoot Group Probationary Officer Salary 0 - 1 year exp. (3 salaries)	₹2 L/yr - ₹2.5 L/yr 5% less

Probationary Officer salary at Muthoot Finance ranges between ₹2 Lakhs to ₹2.7 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 9 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Probationary Officer salaries in Madurai

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2 L/yr - ₹4.4 L/yr
1 year (3 salaries)	₹2 L/yr - ₹2.7 L/yr
Login to view exact salary
2 years (3 salaries)	₹2.2 L/yr - ₹2.7 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.

57% 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

Assistant Manager Operations Salary

(6 salaries)

₹2 L/yr - ₹4.15 L/yr

Senior Relationship Executive Salary

(4 salaries)

₹2.4 L/yr - ₹2.92 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

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

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Finance Probationary Officer Salary FAQs

What is the salary of Probationary Officer at Muthoot Finance in Madurai?

The average salary of a Probationary Officer at Muthoot Finance in Madurai typically ranges from ₹2.0 Lakhs to ₹2.7 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Probationary Officer in Madurai at Muthoot Finance earn more than ₹2.7 Lakhs per year, and the top 1% earn over ₹2.7 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 9 Muthoot Finance employees in India.

What is the estimated take home salary of a Probationary Officer at Muthoot Finance in Madurai?

The estimated take-home salary of a Probationary Officer at Muthoot Finance in Madurai typically ranges from ₹17,492 to ₹19,193 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹2.7 Lakhs per year for employees with experience ranging from Fresher to 2 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 9 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 Madurai?

To be a Probationary Officer at Muthoot Finance in Madurai, 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.

What is the salary of a Probationary Officer in companies similar to Muthoot Finance in Madurai?

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

The Muthoot Group

₹2.0 Lakhs to ₹2.5 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 Madurai?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹4.4 Lakhs per year
1 year	₹2.0 Lakhs to ₹2.7 Lakhs per year
2 years	₹2.2 Lakhs to ₹2.7 Lakhs per year

and so on.

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Muthoot Finance Probationary Officer Salaries in Madurai

Muthoot Finance Probationary Officer salary in Madurai ranges between ₹2 Lakhs to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Muthoot Finance latest salaries received from various employees of Muthoot Finance.