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Muthoot Fincorp Branch Manager salaries in India (Updated 2025)

Annual salary range
2 - 16 years exp.
₹1.8 Lakh - ₹6.7 Lakhs
Salary of majority employees
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53% less than the average Branch Manager Salary in NBFC Companies for 2 - 16 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
2 - 16 years exp. (183 salaries)
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₹1.8 L/yr - ₹6.5 L/yr

Sales & Business Development
Branch Manager Salary
2 - 15 years exp. (94 salaries)
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₹2.3 L/yr - ₹6.3 L/yr

Finance & Accounting
Branch Manager Salary
2 - 16 years exp. (87 salaries)
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₹1.9 L/yr - ₹6.7 L/yr

Customer Success, Service & Operations
Branch Manager Salary
2 - 16 years exp. (63 salaries)
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₹2.2 L/yr - ₹6 L/yr

Marketing & Communication
Branch Manager Salary
2 - 11 years exp. (27 salaries)
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₹2.8 L/yr - ₹4.5 L/yr

Last Updated: 16 Mar 2025

Companies similar to Muthoot Fincorp for Branch Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Branch Manager Salary

5 - 23 years exp. (1.6k salaries)

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₹6.5 L/yr - ₹23 L/yr

arrow icon 242% more
7 job openings
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Bajaj Finance Branch Manager Salary

4 - 13 years exp. (170 salaries)

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₹2.9 L/yr - ₹8.9 L/yr

arrow icon 47% more
272 job openings
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ICICI Bank Branch Manager Salary

5 - 21 years exp. (2.3k salaries)

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₹5.4 L/yr - ₹23 L/yr

arrow icon 207% more
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Kotak Mahindra Bank Branch Manager Salary

7 - 20 years exp. (1k salaries)

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₹7 L/yr - ₹26 L/yr

arrow icon 274% more
1 job opening
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Axis Bank Branch Manager Salary

8 - 22 years exp. (325 salaries)

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₹6.4 L/yr - ₹25 L/yr

arrow icon 252% more
4 job openings
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IndusInd Bank Branch Manager Salary

7 - 20 years exp. (840 salaries)

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₹6 L/yr - ₹22.8 L/yr

arrow icon 213% more
15 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (629 salaries)

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₹6.2 L/yr - ₹26.4 L/yr

arrow icon 256% more
4 job openings
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Tata Capital Branch Manager Salary

3 - 10 years exp. (56 salaries)

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₹3.3 L/yr - ₹6.4 L/yr

arrow icon 8% more
1 job opening
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Mahindra Finance Branch Manager Salary

3 - 13 years exp. (167 salaries)

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₹1.9 L/yr - ₹9 L/yr

arrow icon 15% more
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L&T Finance Branch Manager Salary

3 - 9 years exp. (217 salaries)

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₹2.4 L/yr - ₹6.3 L/yr

arrow icon 6% more
View all
Branch Manager salary at Muthoot Fincorp ranges between ₹1.8 Lakh to ₹6.7 Lakhs per year for employees with experience between 2 years to 16 years. Salary estimates are based on 616 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Branch Manager

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11 years exp.
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10 years exp.
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Experience wise Muthoot Fincorp Branch Manager salaries

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
2 years  (18 salaries)

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₹1.8 L/yr - ₹5 L/yr
3 years  (23 salaries)

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₹1.8 L/yr - ₹5 L/yr
4 years  (24 salaries)

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₹1.9 L/yr - ₹4.8 L/yr
5 years  (74 salaries)

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₹2.2 L/yr - ₹6 L/yr
6 years  (70 salaries)

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₹1.8 L/yr - ₹5.9 L/yr
View all
Muthoot Fincorp Branch Manager Salary and Career Growth

From

To

Branch Manager

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2 - 16 years exp.

Senior Area Manager

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11 - 19 years exp.

Branch Manager

2 - 16 years exp.
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Senior Branch Manager

7 - 18 years exp.
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arrow icon 33% hike

Area Manager

7 - 20 years exp.
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arrow icon 30% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Muthoot Fincorp

Area Manager Salary
(218 salaries)
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₹3.2 L/yr - ₹10.1 L/yr
Credit Manager Salary
(40 salaries)
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₹3 L/yr - ₹7.5 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
Branch Incharge Salary
(190 salaries)
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₹1.1 L/yr - ₹4.5 L/yr
Branch Head Salary
(16 salaries)
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₹2 L/yr - ₹7.5 L/yr
Deputy Manager Salary
(69 salaries)
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₹2.75 L/yr - ₹7.9 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹8.4 L/yr - ₹10.7 L/yr
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₹3.5 L/yr - ₹5.5 L/yr
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₹3 L/yr - ₹7.21 L/yr
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₹4.1 L/yr - ₹6.26 L/yr

Top skills at Muthoot Fincorp for Branch Manager

Branch Management Sales Business Development Branch Management Team Handling Gold Loan Gold Loan Branch Operations Customer Service Gold Loan Operations Cross Selling Marketing Sales Management Branch Operations Heading Branch

Salary related reviews for Muthoot Fincorp

4.2

Rated by 1.1k employees for salary & benefits

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

 · 

Sales & Business Development Department

4.0
  •  posted on 07 Nov 2024

4.0
 for  Salary and Benefits

Likes

Work environment is good. Work life balance is good. Salary is satisfying and seniors are supportive. Best for career oriented person.

read more
  • Salary - Good
  • +6 more

Dislikes

Monday to Saturday office. Less festival leave like in deepawali and chath pooja.

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 07 Nov 2024

2.0
 for  Salary and Benefits

Likes

MFL is giving opportunities to show your hidden talent like blue waves

  • Skill development - Excellent
  • +4 more

Dislikes

Salary structure is not good , i am working since 2015 but there is no enhancement like other NBFC nd Bank 's salary structure.no advantage for vintage staff even new staff getting nyc salary package.

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  • Salary - Poor

Full Time

 · 

Other Department

4.0
  •  posted on 02 Sep 2024

4.0
 for  Salary and Benefits

Likes

Salary COVID period also credited on time.public service low interest launch in every year for the new customer.new customer gifts we are providing mostly.

read more
  • Salary - Good
  • +6 more

Dislikes

COVID period I am pregnancy in 8th month.that time I am suffer COVID symptom.but they are not even given a single day leave. I manage and put a hard work in that time.no increment my survey period.

read more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 02 Apr 2020

4.0
 for  Salary and Benefits

Likes

It's a family feeling while working with our company. we are receiving calls from our higher officers and this time not for targets but asking about health conditions and suggesting about precautions to be taken.. Feeling good

read more
  • Salary - Good
  • +6 more

Dislikes

Nothing, but ya little disappointment about salary increments. Of course it's based on performance even though.....

read more
see more salary related reviews

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Muthoot Fincorp Branch Manager Salary FAQs

What is the salary of Branch Manager at Muthoot Fincorp ?
The average salary of a Branch Manager at Muthoot Fincorp in India typically ranges from ₹1.8 Lakhs to ₹6.7 Lakhs per year, depending on experience (from 2 years to 16 years).

The top 10% of Branch Manager at Muthoot Fincorp earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Branch Manager 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 600+ Muthoot Fincorp employees in India.
What is the estimated take home salary of a Branch Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Branch Manager at Muthoot Fincorp in India typically ranges from ₹32,029 to ₹33,313 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹6.7 Lakhs per year for employees with experience ranging from 2 years to 16 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 600+ salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Branch Manager at Muthoot Fincorp ?
To be a Branch Manager at Muthoot Fincorp in india, the key skills required include:

  • - Branch Management
  • - Sales
  • - Business Development
  • - Branch Management
  • - Team Handling

These skills are highly valued at Muthoot Fincorp and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Muthoot Fincorp for Branch Manager in India?
Kotak Mahindra Bank ₹7.0 Lakhs to ₹26.0 Lakhs per year
IDFC FIRST Bank ₹6.2 Lakhs to ₹26.4 Lakhs per year
Axis Bank ₹6.4 Lakhs to ₹25.0 Lakhs per year
HDFC Bank ₹6.5 Lakhs to ₹23.0 Lakhs per year
IndusInd Bank ₹6.0 Lakhs to ₹22.8 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 Manager in companies similar to Muthoot Fincorp in India?
The salary of a Branch Manager at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹5.4 Lakhs to ₹23.0 Lakhs per year
HDB Financial Services ₹4.4 Lakhs to ₹14.0 Lakhs per year
Sundaram Finance ₹6.0 Lakhs to ₹10.6 Lakhs per year
SMFG India Credit ₹4.0 Lakhs to ₹15.0 Lakhs per year
Tata Capital Housing Finance ₹5.2 Lakhs to ₹10.9 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 Manager at Muthoot Fincorp in India?
The salary growth for a Branch Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
2 years ₹1.8 Lakhs to ₹5.0 Lakhs per year
3 years ₹1.8 Lakhs to ₹5.0 Lakhs per year
4 years ₹1.9 Lakhs to ₹4.8 Lakhs per year
5 years ₹2.2 Lakhs to ₹6.0 Lakhs per year
and so on.

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Muthoot Fincorp Branch Manager salary in India ranges between ₹1.8 Lakh to ₹6.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 616 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.