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Muthoot Fincorp Banker salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹1.9 Lakh - ₹3.6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (89%)
₹2.5 Lakhs
Variable (11%)
₹0.3 Lakh
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41% less than the average Banker Salary in NBFC Companies for 1 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations
Banker Salary
1 - 8 years exp. (4 salaries)
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₹1.9 L/yr - ₹3.6 L/yr

BFSI, Investments & Trading
Banker Salary
1 year exp. (AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.1 L/yr

Last Updated: 18 Feb 2025

Companies similar to Muthoot Fincorp for Banker

Company name Avg Annual Salary Open Jobs
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Manappuram Finance Banker Salary

0 - 4 years exp. (3 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 12% more
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Bajaj Finance Banker Salary

1 - 8 years exp. (7 salaries)

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₹2.2 L/yr - ₹3.2 L/yr

arrow icon 2% less
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HDB Financial Services Banker Salary

1 - 11 years exp. (33 salaries)

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 7% less
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IIFL Finance Banker Salary

1 - 7 years exp. (6 salaries)

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₹1.6 L/yr - ₹3.6 L/yr

arrow icon 2% less
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Muthoot Finance Banker Salary

1 - 6 years exp. (4 salaries)

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₹1.5 L/yr - ₹3.2 L/yr

arrow icon 6% less
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Kotak Mahindra Prime Banker Salary

5 - 6 years exp. (3 salaries)

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₹2.2 L/yr - ₹5 L/yr

arrow icon 6% more
Banker salary at Muthoot Fincorp ranges between ₹1.9 Lakh to ₹3.6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Banker

3d ago
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2 years exp.
5mo ago
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1 year exp.
11mo ago
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1 year exp.
1y ago
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8 years exp.
1y ago
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2 years exp.

Experience wise Muthoot Fincorp Banker salaries

Last Updated: 18 Feb 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.9 L/yr - ₹1.9 L/yr
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Analyst Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Team Lead Salary
(5 salaries)
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₹2.2 L/yr - ₹3.34 L/yr
Store Manager Salary
(4 salaries)
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₹2 L/yr - ₹10 L/yr
Branch Manager Salary
(740 salaries)
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₹1.25 L/yr - ₹6.35 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
Deputy Manager Salary
(68 salaries)
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₹2.75 L/yr - ₹7.9 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹3 L/yr - ₹5 L/yr
Sales Executive Salary
(113 salaries)
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₹1.5 L/yr - ₹3.5 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for Muthoot Fincorp

2.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 27 Sep 2024

2.0
 for  Salary and Benefits

Likes

Timing is good..

Dislikes

Lowest Salary to another company.. Employee benefits is poor.. Paper work is so long then the customer were irritate and shouting above employee... System is slow and lengthy.. No support to employees for any situation... Leaves problem...

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 30 Dec 2024

5.0
 for  Salary and Benefits

Likes

The opportunities for continuous learning and professional development & salary credited on time.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Company is great no dought ,I am working here last 1.5 years and I see some people have two faces and changing their own words according to the situation. All over great !

read more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 22 Nov 2024

3.0
 for  Salary and Benefits

Likes

Fix office timing and supportive staff

  • Skill development - Good
  • +1 more

Dislikes

... business targets, fostering customer relationships, and mentoring team members. However, I wish to highlight a concern regarding the disparity in salary increments and promotion benefits between vintage staff and newly recruited employees. Over the years, I have observed that long-serving employees, despite their proven track records and dedication, often receive comparatively modest increments during promotions. In contrast, newly recruited staff members are offered higher starting salaries and enjoy more substantial increments as they progress. This practice can sometimes lead to feelings of undervaluation among vintage staff, who have consistently demonstrated loyalty, expertise, and a deep understanding of the organization’s values and processes. It may also impact overall motivation and morale, as the efforts of long-term employees appear to be less recognized in monetary terms compared to newcomers. I believe Muthoot Fincorp values its employees and strives for fairness in its policies. Therefore, I would like to suggest that the organization considers implementing a more balanced approach to increments and promotions, taking into account both tenure and performance. This would not only enhance the morale of long-serving employees but also reinforce their commitment to the company's continued success. Thank you for providing this platform to share feedback. I trust that the management will give due consideration to this matter and take steps to ensure a fair and equitable workplace for all.

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 17 Nov 2024

3.0
 for  Salary and Benefits

Likes

I am extremely satisfied with the working environment and appreciate the timely payment of salary and incentives.

read more
  • Job security - Good
  • +3 more

Dislikes

Our company environment is excellent, but our Area Manager's abusive language and sales driven approach compromise our well-being and role clarity. As Customer Service Executives, we're expected to focus on sales 90%, conflicting with our core responsibilities. We need support to address these issues and align our roles with customer service goals

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 09 Nov 2024

4.0
 for  Salary and Benefits

Likes

I like the rule and regulations. Culture is good my colleagues are very nice they help me a lot

  • Salary - Good
  • +6 more

Dislikes

...ometimes time limit exceeded and it's very hectic to balance personal life ... It's necessary to fix closing time either pay extra salary

read more
see more salary related reviews

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Muthoot Fincorp Banker Salary FAQs

What is the salary of Banker at Muthoot Fincorp?
Banker salary at Muthoot Fincorp in India ranges between ₹1.9 Lakhs to ₹3.6 Lakhs for experience between 1 years to 8 years. According to our estimates it is 41% less than the average Banker Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp India.
How does the salary of a Banker at Muthoot Fincorp India compare with the average salary range for this job?
The average salary of a Banker at Muthoot Fincorp is 41% less than the average salary of a Banker in India. To know exact salary insights, login to view.
Which similar companies are paying more than Muthoot Fincorp to a Banker in India?
  • Manappuram Finance Banker Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year
  • Kotak Mahindra Prime Banker Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year
What is the salary of a Banker in companies similar to Muthoot Fincorp in India?
  • IIFL Finance Banker Salary - ₹1.6 Lakhs to ₹3.6 Lakhs per year
  • Bajaj Finance Banker Salary - ₹2.2 Lakhs to ₹3.2 Lakhs per year
  • Muthoot Finance Banker Salary - ₹1.5 Lakhs to ₹3.2 Lakhs per year
  • HDB Financial Services Banker Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
What is the estimated take home salary of a Banker at Muthoot Fincorp in India?
The estimated take-home salary of a Banker at Muthoot Fincorp ranges between ₹19,581 per month to ₹21,250 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Banker salary in India which ranges between ₹1.9 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Banker at Muthoot Fincorp?
According to AmbitionBox, 100% of the Muthoot Fincorp Bankers reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Muthoot Fincorp Banker salary in India ranges between ₹1.9 Lakh to ₹3.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.