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Muthoot Fincorp Branch Manager 1 salaries in India (Updated 2025)

Annual salary range
4 - 15 years exp.
₹3 Lakhs - ₹5 Lakhs
Salary of majority employees
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20% less than the average Branch Manager 1 Salary in NBFC Companies for 4 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Branch Manager 1 Salary
5 - 14 years exp. (9 salaries)
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₹3.1 L/yr - ₹5 L/yr

Finance & Accounting
Branch Manager 1 Salary
4 - 11 years exp. (6 salaries)
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₹3 L/yr - ₹4.6 L/yr

Sales & Business Development
Branch Manager 1 Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹5.2 L/yr

BFSI, Investments & Trading
Branch Manager 1 Salary
7 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹5.6 L/yr

Last Updated: 20 Mar 2025

Companies similar to Muthoot Fincorp for Branch Manager 1

Company name Avg Annual Salary Open Jobs
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Manappuram Finance Branch Manager 1 Salary

2 - 5 years exp. (8 salaries)

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₹2.4 L/yr - ₹4.3 L/yr

arrow icon 33% less
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Bajaj Finance Branch Manager 1 Salary

2 - 10 years exp. (5 salaries)

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₹3.6 L/yr - ₹6.5 L/yr

arrow icon 16% more
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L&T Finance Branch Manager 1 Salary

3 - 9 years exp. (4 salaries)

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₹3.5 L/yr - ₹4.8 L/yr

arrow icon 8% less
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₹6.1 L/yr - ₹8.5 L/yr

arrow icon 82% more
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Tata Capital Branch Manager 1 Salary

2 - 12 years exp. (4 salaries)

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₹4.1 L/yr - ₹9.5 L/yr

arrow icon 33% more
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IIFL Finance Branch Manager 1 Salary

2 - 12 years exp. (26 salaries)

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₹3.7 L/yr - ₹6.5 L/yr

arrow icon 14% more
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Muthoot Finance Branch Manager 1 Salary

4 - 11 years exp. (22 salaries)

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₹3 L/yr - ₹5.6 L/yr

arrow icon 3% less
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₹1.8 L/yr - ₹4.2 L/yr

arrow icon 33% less
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 20% less
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Capri Global Capital Branch Manager 1 Salary

8 - 10 years exp. (5 salaries)

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₹3.8 L/yr - ₹7.3 L/yr

arrow icon 22% more
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SMFG India Credit Branch Manager 1 Salary

10 - 16 years exp. (5 salaries)

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₹4.2 L/yr - ₹8.4 L/yr

arrow icon 50% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 20% less
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Asirvad Microfinance Branch Manager 1 Salary

3 - 7 years exp. (4 salaries)

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₹3.4 L/yr - ₹3.6 L/yr

arrow icon 24% less
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₹4.1 L/yr - ₹6.5 L/yr

arrow icon 4% less
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Muthoot Microfin Branch Manager 1 Salary

2 - 7 years exp. (4 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 28% less
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Aavas Financiers Branch Manager 1 Salary

3 - 8 years exp. (4 salaries)

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₹3.8 L/yr - ₹4.5 L/yr

arrow icon 4% less
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CreditAccess Grameen Branch Manager 1 Salary

6 - 9 years exp. (4 salaries)

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₹3.6 L/yr - ₹8.6 L/yr

arrow icon 10% more
Branch Manager 1 salary at Muthoot Fincorp ranges between ₹3 Lakhs to ₹5 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 23 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Branch Manager 1

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10 years exp.
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8 years exp.
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13 years exp.
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9 years exp.
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8 years exp.
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10 years exp.
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7 years exp.
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6 years exp.
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7 years exp.

Experience wise Muthoot Fincorp Branch Manager 1 salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.9 L/yr
5 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹8 L/yr
6 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹8 L/yr
7 years  (4 salaries)

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₹3.1 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹5 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary
(616 salaries)
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₹1.8 L/yr - ₹6.65 L/yr
Branch Incharge Salary
(190 salaries)
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₹1.1 L/yr - ₹4.5 L/yr
Area Manager Salary
(195 salaries)
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₹3.2 L/yr - ₹12 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 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

Salary related reviews for Muthoot Fincorp

4.0

Rated by 9 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 09 Dec 2024

3.0
 for  Salary and Benefits

Likes

Working time is very comfortable... We can learn new things in every day.. We may be work in local...

  • Skill development - Excellent
  • +3 more

Dislikes

Other then CASA we are doing all banking product (nearby 23 products )but we get very low salary... Many of days Office system very hang... Need change the all old system....

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 20 Nov 2024

2.0
 for  Salary and Benefits

Likes

Proud of being an employee of MFL since 1996.Job security, correct salary payment,freedom for selecting our own candidates etc are appreciable things

read more
  • Skill development - Excellent
  • +2 more

Dislikes

Salary package not satisfactory. Muthoot Fincorp experience is very much valued by other NBSCs.But within the organisation it is not so.Basic Pay should be increased, then only we get some amount at the time of retirement. Minimum wages should be increased, then we can reduce labour turnover to a certain limit. Salary package should be restructured based on service first and then give increments based on performance. Service based employees meeting with higher authorities once in a year is not seen in our organisation. If so it is much valued.

read more
  • Salary - Poor

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 08 Nov 2024

1.0
 for  Salary and Benefits

Likes

Jo ye km salary provide krte h wo on time dete h bs..

Dislikes

No promotion on time, no salary hike on time, no appreciations, too much work pressure, no understanding in company management, incentive plan is too much dum.

read more
  • Salary - Bad
  • +6 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.

see more salary related reviews

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Muthoot Fincorp Branch Manager 1 Salary FAQs

What is the salary of Branch Manager 1 at Muthoot Fincorp ?
The average salary of a Branch Manager 1 at Muthoot Fincorp in India typically ranges from ₹3.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Branch Manager 1 at Muthoot Fincorp earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Branch Manager 1 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 20+ Muthoot Fincorp employees in India.
What is the estimated take home salary of a Branch Manager 1 at Muthoot Fincorp in India?
The estimated take-home salary of a Branch Manager 1 at Muthoot Fincorp in India typically ranges from ₹33,637 to ₹34,897 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 4 years to 15 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 20+ 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 Manager 1 in India?
HDB Financial Services ₹6.1 Lakhs to ₹8.5 Lakhs per year
SMFG India Credit ₹4.2 Lakhs to ₹8.4 Lakhs per year
Tata Capital ₹4.1 Lakhs to ₹9.5 Lakhs per year
Capri Global Capital ₹3.8 Lakhs to ₹7.3 Lakhs per year
Bajaj Finance ₹3.6 Lakhs to ₹6.5 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 1 in companies similar to Muthoot Fincorp in India?
The salary of a Branch Manager 1 at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IIFL Finance ₹3.7 Lakhs to ₹6.5 Lakhs per year
CreditAccess Grameen ₹3.6 Lakhs to ₹8.6 Lakhs per year
Muthoot Finance ₹3.0 Lakhs to ₹5.6 Lakhs per year
Mahindra Rural Housing Finance ₹4.1 Lakhs to ₹6.5 Lakhs per year
Aavas Financiers ₹3.8 Lakhs to ₹4.5 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 1 at Muthoot Fincorp in India?
The salary growth for a Branch Manager 1 at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Branch Manager 1 can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
4 years ₹3.0 Lakhs to ₹7.9 Lakhs per year
5 years ₹3.1 Lakhs to ₹8.0 Lakhs per year
6 years ₹3.4 Lakhs to ₹8.0 Lakhs per year
7 years ₹3.1 Lakhs to ₹8.0 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Branch Manager 1 salary in India ranges between ₹3 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 23 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.