Muthoot Finance Salaries in Siliguri

Likes

Timely salary and incentives . Company gives chances to freshers.

Dislikes

... be required to stand as security guard whenever guards go to washroom or lunch. You will be required to perform office boy's duty also for an average salary package. Moreover you will be required to sign bond for 2 years that you will not leave the company or else 2 months salary has to be given as compensation. They will also take custody of class 10th original certificate during the tenure of working. 2 months notice period. In the name of fixed incentives new joiners will be bypassed to earn branch business incentives. You will be forced to do some useless follow up calls repeatedly to same customers on holidays and Sundays to annoy the customers to the hell of their anger. Every now and then policy changing, chopping- changing of rules make employees confused infact sometimes without notices. Sometimes branches are kept open on Sundays. You will be forced to maintain some illogical hilarious registers (some 6-7 copies). You will be forced to give service to huge base of customers with 1-2 systems leading to annoyance of the customers. Personal life is badly hampered. Only go for this if really in need of urgent job.

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

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.

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

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.

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