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Muthoot Fincorp Chief Branch Manager salaries in India

Annual salary range
2 - 17 years exp.
₹5 Lakhs - ₹6.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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53% less than the average Chief Branch Manager Salary in NBFC Companies for 2 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Chief Branch Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹5.8 L/yr

Customer Success, Service & Operations
Chief Branch Manager Salary
5 - 11 years exp. (AmbitionBox Estimate)
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₹5.2 L/yr - ₹6 L/yr

Sales & Business Development
Chief Branch Manager Salary
17 years exp. (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.5 L/yr

Last Updated: 24 Nov 2024

Companies similar to Muthoot Fincorp for Chief Branch Manager

Company name Avg Annual Salary Open Jobs
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₹8.8 L/yr - ₹17.5 L/yr

arrow icon 141% more
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ICICI Securities Chief Branch Manager Salary

5 - 16 years exp. (107 salaries)

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₹6.5 L/yr - ₹15 L/yr

arrow icon 83% more
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ICICI Direct Chief Branch Manager Salary

5 - 17 years exp. (16 salaries)

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₹7 L/yr - ₹12 L/yr

arrow icon 73% more
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₹12.1 L/yr - ₹18.3 L/yr

arrow icon 177% more
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Dhani Services Chief Branch Manager Salary

10 - 17 years exp. (6 salaries)

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₹5.3 L/yr - ₹7.6 L/yr

arrow icon 17% more
Chief Branch Manager salary at Muthoot Fincorp ranges between ₹5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 17 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Chief Branch Manager

3mo ago
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17 years exp.
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6 years exp.
7mo ago
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5 years exp.
8mo ago
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2 years exp.
11mo ago
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14 years exp.
1y ago
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11 years exp.
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5 years exp.
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13 years exp.

Experience wise Muthoot Fincorp Chief Branch Manager salaries

Last Updated: 24 Nov 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹5 L/yr - ₹9.3 L/yr
3 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)

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₹5 L/yr - ₹9.6 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

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₹3 L/yr - ₹7.21 L/yr
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₹4.1 L/yr - ₹6.26 L/yr
Branch Manager Salary
(614 salaries)
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₹1.8 L/yr - ₹6.65 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹8.4 L/yr - ₹10.7 L/yr
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₹1.75 L/yr - ₹5 L/yr
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₹6 L/yr - ₹9.3 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
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₹3.55 L/yr - ₹6.25 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

Salary related reviews for Muthoot Fincorp

4.4

Rated by 25 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

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  • 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.

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  • 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 Chief Branch Manager Salary FAQs

What is the salary of Chief Branch Manager at Muthoot Fincorp ?
The average salary of a Chief Branch Manager at Muthoot Fincorp in India typically ranges from ₹5.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 2 years to 17 years).

The top 10% of Chief Branch Manager at Muthoot Fincorp earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Chief 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 8 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Chief Branch Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Chief Branch Manager at Muthoot Fincorp in India typically ranges from ₹41,544 to ₹42,687 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 2 years to 17 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 8 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 Chief Branch Manager in India?
Kotak Mahindra Bank ₹12.1 Lakhs to ₹18.3 Lakhs per year
Bajaj Allianz Life Insurance ₹8.8 Lakhs to ₹17.5 Lakhs per year
ICICI Securities ₹6.5 Lakhs to ₹15.0 Lakhs per year
ICICI Direct ₹7.0 Lakhs to ₹12.0 Lakhs per year
Dhani Services ₹5.3 Lakhs to ₹7.6 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.
How the salary growth look like for a Chief Branch Manager at Muthoot Fincorp in India?
The salary growth for a Chief Branch Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Chief Branch Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
2 years ₹5.0 Lakhs to ₹9.3 Lakhs per year
3 years ₹4.7 Lakhs to ₹6.0 Lakhs per year
4 years ₹4.7 Lakhs to ₹6.0 Lakhs per year
5 years ₹5.0 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Chief Branch Manager salary in India ranges between ₹5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.