Muthoot Finance RE Salaries by 7 Employees (Updated 2024)

2 - 11 years exp.

₹2.5 Lakhs - ₹3.8 Lakhs

Low Confidence

Salary of majority employees

13% more than the average RE Salary in NBFC Companies for 2 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading RE Salary 8 - 11 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.8 L/yr
Sales & Business Development RE Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.2 L/yr
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Finance & Accounting RE Salary 2 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.5 L/yr

Last Updated: 14 Mar 2024

Companies similar to Muthoot Finance for RE

Company name	Avg Annual Salary	Open Jobs
Shriram Finance RE Salary 0 - 5 years exp. (40 salaries)	₹1.8 L/yr - ₹3.1 L/yr 14% less
HDFC Bank RE Salary 3 - 10 years exp. (3 salaries)	₹5 L/yr - ₹7 L/yr 91% more
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ICICI Bank RE Salary 0 - 2 years exp. (6 salaries)	₹0.9 L/yr - ₹3.5 L/yr 27% less
Axis Bank RE Salary 0 - 4 years exp. (8 salaries)	₹1.4 L/yr - ₹2.9 L/yr 23% less
Bandhan Bank RE Salary 0 - 5 years exp. (23 salaries)	₹1.4 L/yr - ₹3.2 L/yr 28% less

RE salary at Muthoot Finance ranges between ₹2.5 Lakhs to ₹3.8 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance RE salaries

Last Updated: 14 Mar 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
9 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
11 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.8 L/yr

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Salary related reviews for Muthoot Finance

Relationship Executive in Chennai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

The salary will be credited to your account in every 30th or 31st of the month

Dislikes

The worst company I have ever seen.companies motive only for increasing the profit and AUM.mostly they prefer to work even on sundays.they think that employee has not family or personal life.normally the working time is 9:30 to 6:00 but we should come to branch on 8:00 to 7:30.thre is no extra payment or benefit for extra time. The superior persons are not support for increasing the business and complete our target and pushing the OTC products at the time of releasing the incentive or bonus.they think that they should pay the incentive to employees but tomorrow they push to login the OTCs.there is no chance to convince the customers for the products because such a worst products they are cross selling.unable to handle the pressure from the superiors the employees login the products using their own cash and become a debtor.this is the reality in muthoot finance.the incentive structure may vary from the performance of the employees like when we perform poorly they should increase the payout per product but we perform better they should decrease the payout per product.

Branch Incharge in Varanasi

Full Time

Sales & Business Development Department

2.0

• posted on 22 Oct 2024

1.0

for Salary and Benefits

Likes

Yes,they look after there employees and have very strong Audit team which help in taking quick and responsive initiatives over any queries.

Dislikes

...the RM and the other employees at Ro level takes the Branch staff for granted 2. Salary package is very very low as compaire to others. 3. They ask about salary justification over work,i would like to say first you give the proper salary and designation to you employee's and then ask this question

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

Customer Care Executive in New Delhi

Full Time

Human Resources Department

5.0

• posted on 28 May 2024

4.0

for Salary and Benefits

Likes

Muthoot finance is a professional company and all the workers working in the company are given timely salary and promotion. Muthoot finance is a good company for newly joined employees to improve their career.

Dislikes

Muthoot finance is not A bad company for me. So I won't say bad.

Junior Relationship Officer in Uttarpara

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Dec 2023

2.0

for Salary and Benefits

Likes

Timely salary

Dislikes

Less salary, in respect of the work we do, Work timing, maximum days we have to sit late beyond work time, and we do not get any kind of overtime pay Less holidays Less support from higher authorities

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Muthoot Finance RE Salary FAQs

What is the salary of RE at Muthoot Finance?

RE salary at Muthoot Finance in India ranges between ₹2.5 Lakhs to ₹3.8 Lakhs for experience between 2 years to 11 years. According to our estimates it is 13% more than the average RE Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a RE at Muthoot Finance India compare with the average salary range for this job?

The average salary of a RE at Muthoot Finance is 13% more than the average salary of a RE in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Finance to a RE in India?

HDFC Bank RE Salary - ₹5.0 Lakhs to ₹7.0 Lakhs per year

What is the salary of a RE in companies similar to Muthoot Finance in India?

Shriram Finance RE Salary - ₹1.8 Lakhs to ₹3.1 Lakhs per year
Axis Bank RE Salary - ₹1.4 Lakhs to ₹2.9 Lakhs per year
ICICI Bank RE Salary - ₹0.9 Lakhs to ₹3.5 Lakhs per year
Bandhan Bank RE Salary - ₹1.4 Lakhs to ₹3.2 Lakhs per year

What is the estimated take home salary of a RE at Muthoot Finance in India?

The estimated take-home salary of a RE at Muthoot Finance ranges between ₹21,234 per month to ₹22,879 per month in India. The take-home salary calculation is based on the average Muthoot Finance RE salary in India which ranges between ₹2.5 Lakhs to ₹3.8 Lakhs per year for employees with experience between 2 years to 11 years. Check how did we calculate take home salary?

What is the notice period for RE at Muthoot Finance?

According to AmbitionBox, 63% of the Muthoot Finance REs reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Muthoot Finance RE Salaries

Muthoot Finance RE salary in India ranges between ₹2.5 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Muthoot Finance latest salaries received from various employees of Muthoot Finance.