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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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23% 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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₹4.2 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Branch Manager 1 Salary
7 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.4 L/yr

Last Updated: 6 Feb 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 - 4 years exp. (8 salaries)

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₹2.4 L/yr - ₹4.3 L/yr

arrow icon 30% 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

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L&T Finance Branch Manager 1 Salary

3 - 8 years exp. (4 salaries)

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₹3.5 L/yr - ₹4.8 L/yr

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₹6.1 L/yr - ₹8.4 L/yr

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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 38% 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 19% 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 1% more
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 17% 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 26% 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 55% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 17% less
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Muthoot Microfin Branch Manager 1 Salary

2 - 6 years exp. (4 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 25% 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

At par
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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 14% more
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₹4.1 L/yr - ₹5.3 L/yr

arrow icon 3% 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

1mo ago
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8 years exp.
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13 years exp.
1mo ago
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10 years exp.
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9 years exp.
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8 years exp.
3mo ago
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10 years exp.
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7 years exp.
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5 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: 6 Feb 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.6 L/yr
5 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹7.7 L/yr
6 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹7.7 L/yr
7 years  (4 salaries)

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₹3.1 L/yr - ₹7.7 L/yr
8 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹5 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary
(601 salaries)
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₹1.25 L/yr - ₹6.3 L/yr
Branch Incharge Salary
(193 salaries)
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₹1.1 L/yr - ₹4.5 L/yr
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 - ₹8.75 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
(68 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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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?
Branch Manager 1 salary at Muthoot Fincorp in India ranges between ₹3.0 Lakhs to ₹5.0 Lakhs for experience between 4 years to 15 years. According to our estimates it is 23% less than the average Branch Manager 1 Salary in India. Salary estimates are based on 23 latest salaries received from various employees of Muthoot Fincorp India.
How does the salary of a Branch Manager 1 at Muthoot Fincorp India compare with the average salary range for this job?
The average salary of a Branch Manager 1 at Muthoot Fincorp is 23% less than the average salary of a Branch Manager 1 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Muthoot Fincorp to a Branch Manager 1 in India?
  • HDB Financial Services Branch Manager 1 Salary - ₹6.1 Lakhs to ₹8.4 Lakhs per year
  • SMFG India Credit Branch Manager 1 Salary - ₹4.2 Lakhs to ₹8.4 Lakhs per year
  • Tata Capital Branch Manager 1 Salary - ₹4.1 Lakhs to ₹9.5 Lakhs per year
  • Capri Global Capital Branch Manager 1 Salary - ₹3.8 Lakhs to ₹7.3 Lakhs per year
  • Bajaj Finance Branch Manager 1 Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
What is the salary of a Branch Manager 1 in companies similar to Muthoot Fincorp in India?
  • IIFL Finance Branch Manager 1 Salary - ₹3.7 Lakhs to ₹6.5 Lakhs per year
  • CreditAccess Grameen Branch Manager 1 Salary - ₹3.6 Lakhs to ₹8.6 Lakhs per year
  • Mahindra Rural Housing Finance Branch Manager 1 Salary - ₹4.1 Lakhs to ₹5.3 Lakhs per year
  • Muthoot Finance Branch Manager 1 Salary - ₹3.0 Lakhs to ₹5.6 Lakhs per year
  • Aavas Financiers Branch Manager 1 Salary - ₹3.8 Lakhs to ₹4.5 Lakhs per year
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 ranges between ₹32,298 per month to ₹33,578 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Branch Manager 1 salary in India which ranges between ₹3.0 Lakhs to ₹5.0 Lakhs per year for employees with experience between 4 years to 15 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager 1 at Muthoot Fincorp?
According to AmbitionBox, 67% of the Muthoot Fincorp Branch Manager 1s reported a notice period of 3 Months, 11% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 54 responses on AmbitionBox in last 2 years.

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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.

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