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
Manappuram Finance Senior Branch Manager Salary 7 - 15 years exp. (5 salaries)	₹4.7 L/yr - ₹9.6 L/yr 11% more
Shriram Finance Senior Branch Manager Salary 11 - 17 years exp. (87 salaries)	₹3.9 L/yr - ₹10 L/yr 9% more
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Bajaj Finance Senior Branch Manager Salary 5 - 11 years exp. (16 salaries)	₹5.6 L/yr - ₹9 L/yr 10% more	5 job openings
HDFC Bank Senior Branch Manager Salary 9 - 18 years exp. (130 salaries)	₹7 L/yr - ₹19 L/yr 94% more
ICICI Bank Senior Branch Manager Salary 11 - 18 years exp. (126 salaries)	₹9 L/yr - ₹32.5 L/yr 217% more
Axis Bank Senior Branch Manager Salary 10 - 18 years exp. (33 salaries)	₹7.9 L/yr - ₹14.5 L/yr 82% more
Kotak Mahindra Bank Senior Branch Manager Salary 11 - 18 years exp. (63 salaries)	₹8 L/yr - ₹24.8 L/yr 118% more
Tata Capital Senior Branch Manager Salary 4 - 7 years exp. (6 salaries)	₹4.1 L/yr - ₹5.6 L/yr 29% less
Muthoot Fincorp Senior Branch Manager Salary 7 - 18 years exp. (164 salaries)	₹3 L/yr - ₹7.2 L/yr 14% less
SMFG India Credit Senior Branch Manager Salary 11 - 21 years exp. (46 salaries)	₹6.2 L/yr - ₹20.5 L/yr 120% more
IIFL Finance Senior Branch Manager Salary 7 - 17 years exp. (29 salaries)	₹4.3 L/yr - ₹8.5 L/yr 8% less
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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
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 64% more
Sundaram Finance Senior Branch Manager Salary 12 - 21 years exp. (11 salaries)	₹10 L/yr - ₹16.5 L/yr 104% more
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
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

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

(562 salaries)

₹1.8 L/yr - ₹7 L/yr

Assistant Branch Manager Salary

(187 salaries)

₹2 L/yr - ₹7.5 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)

₹5.5 L/yr - ₹7 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

(42 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Salary related reviews for Muthoot Finance

3.9

Rated by 6 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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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Muthoot Finance Senior Branch Manager Salary FAQs

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

Senior Branch Manager salary at Muthoot Finance in India ranges between ₹6.5 Lakhs to ₹10.5 Lakhs for experience between 11 years to 17 years. According to our estimates it is 39% less than the average Senior Branch Manager Salary in India. Salary estimates are based on 12 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Senior Branch Manager at Muthoot Finance is 39% less than the average salary of a Senior Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Finance to a Senior Branch Manager in India?

ICICI Bank Senior Branch Manager Salary - ₹9.0 Lakhs to ₹32.5 Lakhs per year
SMFG India Credit Senior Branch Manager Salary - ₹6.2 Lakhs to ₹20.5 Lakhs per year
Kotak Mahindra Bank Senior Branch Manager Salary - ₹8.0 Lakhs to ₹24.8 Lakhs per year
Sundaram Finance Senior Branch Manager Salary - ₹10.0 Lakhs to ₹16.5 Lakhs per year
HDFC Bank Senior Branch Manager Salary - ₹7.0 Lakhs to ₹19.0 Lakhs per year

What is the salary of a Senior Branch Manager in companies similar to Muthoot Finance in India?

Axis Bank Senior Branch Manager Salary - ₹7.9 Lakhs to ₹14.5 Lakhs per year
HDB Financial Services Senior Branch Manager Salary - ₹8.7 Lakhs to ₹15.3 Lakhs per year
Manappuram Finance Senior Branch Manager Salary - ₹4.7 Lakhs to ₹9.6 Lakhs per year
Bajaj Finance Senior Branch Manager Salary - ₹5.6 Lakhs to ₹9.0 Lakhs per year
Shriram Finance Senior Branch Manager Salary - ₹3.9 Lakhs to ₹10.0 Lakhs per year

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 ranges between ₹50,765 per month to ₹51,962 per month in India. The take-home salary calculation is based on the average Muthoot Finance Senior Branch Manager salary in India which ranges between ₹6.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 11 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Senior Branch Manager at Muthoot Finance?

According to AmbitionBox, 88% of the Muthoot Finance Senior Branch Managers reported a notice period of 1 Month, 12% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

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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.