Muthoot Fincorp Branch Development Executive Salaries by 6 Employees (Updated 2025)

1 - 5 years exp.

₹2.2 Lakhs - ₹2.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% less than the average Branch Development Executive Salary in NBFC Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting Branch Development Executive Salary 1 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹2.3 L/yr
BFSI, Investments & Trading Branch Development Executive Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
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Marketing & Communication Branch Development Executive Salary 3 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Last Updated: 8 Mar 2025

Companies similar to Muthoot Fincorp for Branch Development Executive

Company name	Avg Annual Salary	Open Jobs
Ugro Capital Branch Development Executive Salary 6 - 9 years exp. (3 salaries)	₹2.9 L/yr - ₹4.2 L/yr 66% more
Jana Small Finance Bank Branch Development Executive Salary 1 - 8 years exp. (23 salaries)	₹2.1 L/yr - ₹3.4 L/yr 26% more
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HDFC Bank Branch Development Executive Salary 1 - 5 years exp. (16 salaries)	₹1.2 L/yr - ₹2.2 L/yr 9% less
SBI Life Insurance Company Branch Development Executive Salary 0 - 7 years exp. (13 salaries)	₹2.4 L/yr - ₹3.4 L/yr 23% more
Axis Bank Branch Development Executive Salary 0 - 4 years exp. (13 salaries)	₹1.8 L/yr - ₹2.7 L/yr 2% less

Branch Development Executive salary at Muthoot Fincorp ranges between ₹2.2 Lakhs to ₹2.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Branch Development Executive salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.2 L/yr
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
5 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.3 L/yr

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Salary related reviews for Muthoot Fincorp

4.0

Rated by 6 employees for salary & benefits

Business Development Officer in Bhopal

Full Time

Sales & Business Development Department

5.0

• posted on 26 Nov 2024

5.0

for Salary and Benefits

Likes

The company is very good, I like the company a lot but my salary is very low, that's why I am a little angry because my salary is low

Salary - Excellent

+6 more

Dislikes

I do not want to dislike anything but I want to tell you that I am a business development officer but my salary package is very low. I am working here on a very low salary.

Business Development Executive in Chennai

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

4.0

for Salary and Benefits

Likes

This is a good company for work. We have the job security for all staff. And good office time.

Salary - Good

+6 more

Dislikes

Rate of interest to be change in one month the customers who not because every customer not able to pay every month continuously . so give some relaxation for 3 months once compulsory..

Business Development Officer in Tiruppur

Full Time

Marketing & Communication Department

5.0

• posted on 22 Nov 2024

3.0

for Salary and Benefits

Likes

Very good culture to develop our skills and knowledge and consistent growth in our life

Skill development - Excellent

+5 more

Dislikes

Need salary hike according to working experience. Then need full salary without other tax deduction except ESI and PF

Business Development Executive in Nellore

Full Time

Sales & Business Development Department

3.0

• posted on 06 Nov 2024

3.0

for Salary and Benefits

Likes

Company was good and time to we get salary..

Dislikes

I have one year experience in this company what have seen is alot of politics in this area company say target some but they give add some other targets here higher official are not good that why we are suffering lot sir.

Job security - Poor

+3 more

Sales Executive in New Delhi

Other Department

4.0

• posted on 20 Apr 2022

5.0

for Salary and Benefits

Likes

Good work experience. Teammates are supportive but seniors are not supportive including HR department. Company policies are good appraisal are not fair they give but very long time.

Salary - Excellent

+3 more

Dislikes

There is a lot of politics this is true. Management doesn't intrested our issues. Salary and career not growth in this company.

Job security - Poor

+1 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Fincorp Branch Development Executive Salary FAQs

What is the salary of Branch Development Executive at Muthoot Fincorp ?

The average salary of a Branch Development Executive at Muthoot Fincorp in India typically ranges from ₹2.2 Lakhs to ₹2.3 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Branch Development Executive at Muthoot Fincorp earn more than ₹2.3 Lakhs per year, and the top 1% earn over ₹2.3 Lakhs per year. Branch Development Executive Salaries at Muthoot Fincorp 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 6 Muthoot Fincorp employees in India.

What is the estimated take home salary of a Branch Development Executive at Muthoot Fincorp in India?

The estimated take-home salary of a Branch Development Executive at Muthoot Fincorp in India typically ranges from ₹15,253 to ₹16,843 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹2.3 Lakhs per year for employees with experience ranging from 1 year to 5 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 6 salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Fincorp for Branch Development Executive in India?

Ugro Capital	₹2.9 Lakhs to ₹4.2 Lakhs per year
Jana Small Finance Bank	₹2.1 Lakhs to ₹3.4 Lakhs per year
SBI Life Insurance Company	₹2.4 Lakhs to ₹3.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Fincorp, depending on the role and experience level.

What is the salary of a Branch Development Executive in companies similar to Muthoot Fincorp in India?

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

Axis Bank	₹1.8 Lakhs to ₹2.7 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹2.2 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 Branch Development Executive at Muthoot Fincorp in India?

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

Experience	Average Salary Range
1 year	₹0.9 Lakhs to ₹2.2 Lakhs per year
2 years	₹2.2 Lakhs to ₹2.2 Lakhs per year
3 years	₹2.2 Lakhs to ₹4.0 Lakhs per year
4 years	₹2.0 Lakhs to ₹2.6 Lakhs per year

and so on.

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Muthoot Fincorp Branch Development Executive Salaries

Muthoot Fincorp Branch Development Executive salary in India ranges between ₹2.2 Lakhs to ₹2.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.