Muthoot Finance Senior Branch Manager Salaries by 10+ Employees (Updated 2025)

11 - 17 years exp.

₹6.5 Lakhs - ₹10.5 Lakhs

Salary of majority employees

39% less than the average Senior Branch Manager Salary in NBFC Companies for 11 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Branch Manager Salary 14 - 17 years exp. (5 salaries)	₹7 L/yr - ₹10.5 L/yr
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Finance & Accounting Senior Branch Manager Salary 14 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹7 L/yr

Last Updated: 23 Feb 2025

Companies similar to Muthoot Finance for Senior Branch Manager

Company name	Avg Annual Salary	Open Jobs
Muthoot Fincorp Senior Branch Manager Salary 7 - 18 years exp. (161 salaries)	₹3 L/yr - ₹7.2 L/yr 14% less
Shriram Finance Senior Branch Manager Salary 10 - 20 years exp. (99 salaries)	₹4 L/yr - ₹12 L/yr 10% more
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SMFG India Credit Senior Branch Manager Salary 11 - 21 years exp. (46 salaries)	₹6.2 L/yr - ₹20.5 L/yr 120% more
Five-Star Business Finance Senior Branch Manager Salary 5 - 13 years exp. (36 salaries)	₹4.1 L/yr - ₹8 L/yr 9% less
IIFL Finance Senior Branch Manager Salary 7 - 17 years exp. (29 salaries)	₹4.3 L/yr - ₹8.5 L/yr 8% less
Satin Creditcare Network Senior Branch Manager Salary 6 - 11 years exp. (18 salaries)	₹2.9 L/yr - ₹4.9 L/yr 42% less
CreditAccess Grameen Senior Branch Manager Salary 7 - 15 years exp. (17 salaries)	₹3 L/yr - ₹6 L/yr 33% less
Bajaj Finance Senior Branch Manager Salary 6 - 11 years exp. (16 salaries)	₹3.8 L/yr - ₹9 L/yr 6% more	60 job openings
L&T Finance Senior Branch Manager Salary 4 - 12 years exp. (14 salaries)	₹2.8 L/yr - ₹4.7 L/yr 35% less
HDB Financial Services Senior Branch Manager Salary 9 - 18 years exp. (14 salaries)	₹8.7 L/yr - ₹15.3 L/yr 65% more
Sundaram Finance Senior Branch Manager Salary 12 - 21 years exp. (12 salaries)	₹10 L/yr - ₹16.5 L/yr 99% more
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Bharat Financial Inclusion Senior Branch Manager Salary 9 - 14 years exp. (6 salaries)	₹3.2 L/yr - ₹3.8 L/yr 49% less
Mahindra Rural Housing Finance Senior Branch Manager Salary 4 - 9 years exp. (6 salaries)	₹4.5 L/yr - ₹5.2 L/yr 28% less
Spandana Sphoorty Financial Senior Branch Manager Salary 7 - 14 years exp. (6 salaries)	₹3 L/yr - ₹5 L/yr 39% less
Manappuram Finance Senior Branch Manager Salary 7 - 15 years exp. (5 salaries)	₹4.7 L/yr - ₹9.6 L/yr 11% more
Muthoot Microfin Senior Branch Manager Salary 4 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 48% less
Capri Global Capital Senior Branch Manager Salary 13 - 18 years exp. (3 salaries)	₹3 L/yr - ₹6.8 L/yr 33% less
Mahindra Finance Senior Branch Manager Salary 6 - 8 years exp. (3 salaries)	₹3.1 L/yr - ₹5 L/yr 42% less
Ess Kay Fincorp Senior Branch Manager Salary 12 - 14 years exp. (3 salaries)	₹6.5 L/yr - ₹8.3 L/yr 8% more

Senior Branch Manager salary at Muthoot Finance ranges between ₹6.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 11 years to 17 years. Salary estimates are based on 12 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Senior Branch Manager salaries

Last Updated: 23 Feb 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹11.8 L/yr
12 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹6.6 L/yr
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13 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
14 years (5 salaries)	₹2.7 L/yr - ₹7 L/yr
15+ years (5 salaries)	₹2.7 L/yr - ₹10.5 L/yr

Similar Designation salaries in Muthoot Finance

Deputy Branch Manager Salary

(3 salaries)

₹6.2 L/yr - ₹6.5 L/yr

Senior Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹8 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Assistant Branch Manager Salary

(185 salaries)

₹2 L/yr - ₹7 L/yr

Senior Relationship Manager Salary

(4 salaries)

₹3 L/yr - ₹6 L/yr

Operations Manager Salary

(20 salaries)

₹3 L/yr - ₹6.4 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 L/yr

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Territory Manager Salary

(5 salaries)

₹6 L/yr - ₹8.5 L/yr

Sales Manager Salary

(50 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Salary related reviews for Muthoot Finance

4.1

Rated by 7 employees for salary & benefits

Assistant Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 30 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Bahut kam salary hai and bahut jayada work pressure dete hain bilkul chindi company hai and koi job security nahi hai hamesha dar laga rahta hai job ka and fraud ka agar koi bhi fraud ho jaye to tumhe paise dene padenge.and management bhi sabko chor samajhti hai.badhua mazdoor ki tarah kaam lete hai.raat ko 8 baje tak kaam lete hain subha 1 min bhi late ho jaao to salary kaat lete hain.

Salary - Bad

+6 more

Sales Manager in Kochi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Jan 2025

3.0

for Salary and Benefits

Likes

There no need to wear formals like banks .

Dislikes

Work culture is bad , we will not get the salary which is mentioned in the offer letter , there is no work balance even we have to work in Sunday's also . Heavy work pressure. There is no job security

Skill development - Bad

+5 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

Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 28 Oct 2024

4.0

for Salary and Benefits

Likes

1.Market approach 2.On time salary and incentives 3.Accessible and easy to search services 4. Old and most known name in gold loan in market 5.brand goodwill

Salary - Good

+2 more

Dislikes

1. Security issues (unnecessary burden on employee) 2. It is like a high security jail 3. Unnecessary sales burden 4. Focus day ( no decreased roi no high per gram rate then it is illogical) 5. Sunday/night visit ( it should be the job done by security guard) 6. A number of products to sale with daily basis target (nobody can achieve all in a day) 7. Anybody unknown or new joinee in corporate or regional office can call you, threatened you,harrased you to complete his task on given time . 8. High rate of interest, difficult to add new customer comparing other banks and NBFC's 9. Muthoot most rust thing it's penalties ( a normal customer pays a lot extra RBI is still watching this fraud.

Job security - Bad

+3 more

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.

Skill development - Excellent

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

Salary - Bad

+5 more

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Muthoot Finance Senior Branch Manager Salary FAQs

What is the salary of Senior Branch Manager at Muthoot Finance ?

The average salary of a Senior Branch Manager at Muthoot Finance in India typically ranges from ₹6.5 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 11 years to 17 years).

The top 10% of Senior Branch Manager at Muthoot Finance earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Senior Branch Manager 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 10+ Muthoot Finance employees in India.

What is the estimated take home salary of a Senior Branch Manager at Muthoot Finance in India?

The estimated take-home salary of a Senior Branch Manager at Muthoot Finance in India typically ranges from ₹50,765 to ₹51,962 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 11 years to 17 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 10+ salaries received from various employees of Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Finance for Senior Branch Manager in India?

SMFG India Credit	₹6.2 Lakhs to ₹20.5 Lakhs per year
Sundaram Finance	₹10.0 Lakhs to ₹16.5 Lakhs per year
HDB Financial Services	₹8.7 Lakhs to ₹15.3 Lakhs per year
Manappuram Finance	₹4.7 Lakhs to ₹9.6 Lakhs per year
Shriram Finance	₹4.0 Lakhs to ₹12.0 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 Senior Branch Manager in companies similar to Muthoot Finance in India?

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

Ess Kay Fincorp	₹6.5 Lakhs to ₹8.3 Lakhs per year
Bajaj Finance	₹3.8 Lakhs to ₹9.0 Lakhs per year
IIFL Finance	₹4.3 Lakhs to ₹8.5 Lakhs per year
Five-Star Business Finance	₹4.1 Lakhs to ₹8.0 Lakhs per year
Muthoot Fincorp	₹3.0 Lakhs to ₹7.2 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 Senior Branch Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
11 years	₹6.5 Lakhs to ₹11.8 Lakhs per year
12 years	₹2.6 Lakhs to ₹6.6 Lakhs per year
13 years	₹6.0 Lakhs to ₹7.6 Lakhs per year
14 years	₹2.7 Lakhs to ₹7.0 Lakhs per year

and so on.

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Muthoot Finance Senior Branch Manager Salaries

Muthoot Finance Senior Branch Manager salary in India ranges between ₹6.5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Muthoot Finance latest salaries received from various employees of Muthoot Finance.