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Muthoot Fincorp Branch Manager salaries in India

Annual salary range
3 - 16 years exp.
₹1.3 Lakh - ₹6.3 Lakhs
Salary of majority employees
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54% less than the average Branch Manager Salary in NBFC Companies for 3 - 16 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
3 - 16 years exp. (184 salaries)
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₹1.3 L/yr - ₹6 L/yr

Sales & Business Development
Branch Manager Salary
3 - 15 years exp. (92 salaries)
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₹1.4 L/yr - ₹6.3 L/yr

Finance & Accounting
Branch Manager Salary
3 - 16 years exp. (89 salaries)
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₹1.9 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Branch Manager Salary
3 - 16 years exp. (60 salaries)
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₹2.2 L/yr - ₹6 L/yr

Marketing & Communication
Branch Manager Salary
3 - 11 years exp. (24 salaries)
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₹2.8 L/yr - ₹4.5 L/yr

Last Updated: 15 Feb 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 247% more
2 job openings
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Bajaj Finance Branch Manager Salary

4 - 13 years exp. (168 salaries)

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₹2.2 L/yr - ₹8.9 L/yr

arrow icon 50% more
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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 213% more
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Kotak Mahindra Bank Branch Manager Salary

7 - 20 years exp. (1k salaries)

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₹7 L/yr - ₹25.6 L/yr

arrow icon 276% more
1 job opening
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Axis Bank Branch Manager Salary

8 - 22 years exp. (324 salaries)

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₹6.2 L/yr - ₹23.5 L/yr

arrow icon 248% more
3 job openings
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IndusInd Bank Branch Manager Salary

6 - 22 years exp. (838 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 246% more
7 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (621 salaries)

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₹6.1 L/yr - ₹26 L/yr

arrow icon 262% more
6 job openings
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Tata Capital Branch Manager Salary

3 - 10 years exp. (59 salaries)

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₹3 L/yr - ₹7.9 L/yr

arrow icon 11% more
4 job openings
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Mahindra Finance Branch Manager Salary

3 - 14 years exp. (163 salaries)

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₹1.9 L/yr - ₹9.1 L/yr

arrow icon 22% more
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L&T Finance Branch Manager Salary

3 - 9 years exp. (220 salaries)

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₹2.4 L/yr - ₹6 L/yr

arrow icon 7% more
View all
Branch Manager salary at Muthoot Fincorp ranges between ₹1.3 Lakh to ₹6.3 Lakhs per year for employees with experience between 3 years to 16 years. Salary estimates are based on 606 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Branch Manager

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Experience wise Muthoot Fincorp Branch Manager salaries

Last Updated: 15 Feb 2025

Experience Avg Annual Salary
3 years  (23 salaries)

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₹1.8 L/yr - ₹5 L/yr
4 years  (27 salaries)

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₹1.9 L/yr - ₹4.8 L/yr
5 years  (80 salaries)

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₹1.3 L/yr - ₹6 L/yr
6 years  (70 salaries)

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₹1.8 L/yr - ₹5.4 L/yr
7 years  (65 salaries)

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₹1.9 L/yr - ₹5.9 L/yr
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Muthoot Fincorp Branch Manager Salary and Career Growth

From

To

Branch Manager

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3 - 16 years exp.

Senior Area Manager

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11 - 19 years exp.

Branch Manager 3 - 16 years exp.
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Senior Branch Manager 5 - 16 years exp.
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arrow icon 27% hike
Area Manager 7 - 20 years exp.
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arrow icon 39% hike

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Similar Designation salaries in Muthoot Fincorp

Area Manager Salary
(216 salaries)
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₹3.2 L/yr - ₹10.1 L/yr
Credit Manager Salary
(39 salaries)
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₹3 L/yr - ₹8.75 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
Branch Incharge Salary
(192 salaries)
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₹1.05 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
(70 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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₹3.23 L/yr - ₹5.5 L/yr
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₹3 L/yr - ₹7 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 Branch Operations Gold Loan Customer Service Cross Selling Gold Loan Operations Marketing Sales Management Branch Operations Heading Branch

Salary related reviews for Muthoot Fincorp

4.2

Rated by 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.

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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?
Branch Manager salary at Muthoot Fincorp in India ranges between ₹1.3 Lakhs to ₹6.3 Lakhs for experience between 3 years to 16 years. According to our estimates it is 54% less than the average Branch Manager Salary in India. Salary estimates are based on 606 latest salaries received from various employees of Muthoot Fincorp India.
How does the salary of a Branch Manager at Muthoot Fincorp India compare with the average salary range for this job?
The average salary of a Branch Manager at Muthoot Fincorp is 54% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Branch Manager at Muthoot Fincorp?
Branch Management, Sales, Business Development, Branch Management and Team Handling are some of the popular skills required to work as a Branch Manager at Muthoot Fincorp India.
Which similar companies are paying more than Muthoot Fincorp to a Branch Manager in India?
  • Kotak Mahindra Bank Branch Manager Salary - ₹7.0 Lakhs to ₹25.6 Lakhs per year
  • IDFC FIRST Bank Branch Manager Salary - ₹6.1 Lakhs to ₹26.0 Lakhs per year
  • Axis Bank Branch Manager Salary - ₹6.2 Lakhs to ₹23.5 Lakhs per year
  • HDFC Bank Branch Manager Salary - ₹6.5 Lakhs to ₹23.0 Lakhs per year
  • IndusInd Bank Branch Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
What is the salary of a Branch Manager in companies similar to Muthoot Fincorp in India?
  • ICICI Bank Branch Manager Salary - ₹5.4 Lakhs to ₹23.0 Lakhs per year
  • Sundaram Finance Branch Manager Salary - ₹6.0 Lakhs to ₹10.6 Lakhs per year
  • HDB Financial Services Branch Manager Salary - ₹3.9 Lakhs to ₹13.2 Lakhs per year
  • SMFG India Credit Branch Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
  • PNB Housing Finance Branch Manager Salary - ₹5.5 Lakhs to ₹12.4 Lakhs per year
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 ranges between ₹31,403 per month to ₹32,697 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Branch Manager salary in India which ranges between ₹1.3 Lakhs to ₹6.3 Lakhs per year for employees with experience between 3 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Muthoot Fincorp?
According to AmbitionBox, 67% of the Muthoot Fincorp Branch Managers reported a notice period of 3 Months, 13% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 856 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Muthoot Fincorp Branch Manager salary in India ranges between ₹1.3 Lakh to ₹6.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 606 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.