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4.5

based on 6.2k Reviews

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Muthoot Fincorp Collection Officer salaries in India

Annual salary range
0 - 10 years exp.
₹2.2 Lakhs - ₹3 Lakhs
Salary of majority employees
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At par with the average Collection Officer Salary in NBFC Companies for 0 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Collection Officer Salary
3 - 10 years exp. (5 salaries)
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₹2.5 L/yr - ₹3 L/yr

Finance & Accounting
Collection Officer Salary
0 - 3 years exp. (5 salaries)
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₹2.2 L/yr - ₹2.3 L/yr

Last Updated: 1 Nov 2024

Companies similar to Muthoot Fincorp for Collection Officer

Company name Avg Annual Salary Open Jobs
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Manappuram Finance Collection Officer Salary

1 - 7 years exp. (21 salaries)

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₹2.4 L/yr - ₹4.5 L/yr

arrow icon 24% more
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Bajaj Finance Collection Officer Salary

0 - 8 years exp. (222 salaries)

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₹1.1 L/yr - ₹5.6 L/yr

arrow icon 33% more
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Shriram Finance Collection Officer Salary

0 - 7 years exp. (39 salaries)

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 12% more
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Mahindra Finance Collection Officer Salary

1 - 8 years exp. (146 salaries)

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₹1.5 L/yr - ₹5.1 L/yr

arrow icon 6% more
1 job opening
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₹1.5 L/yr - ₹4.2 L/yr

arrow icon 4% more
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L&T Finance Collection Officer Salary

1 - 7 years exp. (348 salaries)

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₹1.2 L/yr - ₹3.9 L/yr

arrow icon 15% less
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₹1 L/yr - ₹4.5 L/yr

arrow icon 10% less
4 job openings
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Reliance Capital Collection Officer Salary

1 - 7 years exp. (4 salaries)

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₹2.3 L/yr - ₹4 L/yr

arrow icon 20% more
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Edelweiss Collection Officer Salary

2 - 10 years exp. (30 salaries)

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₹2.4 L/yr - ₹4.5 L/yr

arrow icon 20% more
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Tata Capital Collection Officer Salary

0 - 14 years exp. (42 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 18% more
4 job openings
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₹1.7 L/yr - ₹3.7 L/yr

At par
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SMFG India Credit Collection Officer Salary

3 - 6 years exp. (67 salaries)

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₹1 L/yr - ₹4.5 L/yr

arrow icon 16% more
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IIFL Finance Collection Officer Salary

0 - 7 years exp. (62 salaries)

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₹1.8 L/yr - ₹4.2 L/yr

arrow icon 15% more
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TVS Credit Collection Officer Salary

1 - 8 years exp. (56 salaries)

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₹1.4 L/yr - ₹4.6 L/yr

arrow icon 5% more
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Poonawalla Fincorp Collection Officer Salary

3 - 9 years exp. (52 salaries)

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₹1.8 L/yr - ₹3.6 L/yr

arrow icon 3% less
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IDFC FIRST Bharat Collection Officer Salary

0 - 6 years exp. (30 salaries)

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₹1.2 L/yr - ₹4 L/yr

arrow icon 17% less
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₹1.9 L/yr - ₹3.1 L/yr

arrow icon 12% less
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₹2 L/yr - ₹3.4 L/yr

arrow icon 3% less
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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 6% less
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₹2.8 L/yr - ₹4 L/yr

arrow icon 25% more
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Collection Officer salary at Muthoot Fincorp ranges between ₹2.2 Lakhs to ₹3 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 11 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Collection Officer

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Experience wise Muthoot Fincorp Collection Officer salaries

Last Updated: 1 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.2 L/yr - ₹4.8 L/yr
1 year (AmbitionBox Estimate)

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₹2.2 L/yr - ₹4.8 L/yr
2 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹4.8 L/yr
3 years  (4 salaries)

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₹2.3 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹2.9 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

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₹2.7 L/yr - ₹6.75 L/yr
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₹2.75 L/yr - ₹3.95 L/yr
Sales Officer Salary
(22 salaries)
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₹1.45 L/yr - ₹3.21 L/yr
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₹1.05 L/yr - ₹3.26 L/yr
Field Officer Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
Recovery Officer Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr
Area Collection Manager Salary
(AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.9 L/yr
Officer Salary
(6 salaries)
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₹2.05 L/yr - ₹3.2 L/yr
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₹1.2 L/yr - ₹2.15 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr

Salary related reviews for Muthoot Fincorp

4.9

Rated by 4 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

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 17 Nov 2024

3.0
 for  Salary and Benefits

Likes

I am extremely satisfied with the working environment and appreciate the timely payment of salary and incentives.

read more

Dislikes

Our company environment is excellent, but our Area Manager's abusive language and sales driven approach compromise our well-being and role clarity. As Customer Service Executives, we're expected to focus on sales 90%, conflicting with our core responsibilities. We need support to address these issues and align our roles with customer service goals

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Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 09 Nov 2024

4.0
 for  Salary and Benefits

Likes

I like the rule and regulations. Culture is good my colleagues are very nice they help me a lot

Dislikes

...ometimes time limit exceeded and it's very hectic to balance personal life ... It's necessary to fix closing time either pay extra salary

read more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 08 Nov 2024

2.0
 for  Salary and Benefits

Likes

job timing is good and salary credit to the employees account on time.

read more

Dislikes

They are not giving importance to experience staffs and target is too heavy to complete. And no one is there for proper response to employees issues.

read more

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 08 Nov 2024

1.0
 for  Salary and Benefits

Likes

Coming and going to job on time and full security

Dislikes

I don't just get good salary and new employees get both good salary and promotion. I hope you pay attention to the old ones who are associated with your company first.

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Muthoot Fincorp Collection Officer Salary FAQs

What is the salary of Collection Officer at Muthoot Fincorp?
Collection Officer salary at Muthoot Fincorp in India ranges between ₹2.2 Lakhs to ₹3.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 1% less than the average Collection Officer Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Muthoot Fincorp India.
How does the salary of a Collection Officer at Muthoot Fincorp India compare with the average salary range for this job?
The average salary of a Collection Officer at Muthoot Fincorp is 1% less than the average salary of a Collection Officer in India. To know exact salary insights, login to view.
Which similar companies are paying more than Muthoot Fincorp to a Collection Officer in India?
  • Bajaj Finance Collection Officer Salary - ₹1.1 Lakhs to ₹5.6 Lakhs per year
  • Capri Global Capital Collection Officer Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
  • Manappuram Finance Collection Officer Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year
  • Edelweiss Collection Officer Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year
  • Reliance Capital Collection Officer Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
What is the salary of a Collection Officer in companies similar to Muthoot Fincorp in India?
  • Tata Capital Collection Officer Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year
  • SMFG India Credit Collection Officer Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
  • IIFL Finance Collection Officer Salary - ₹1.8 Lakhs to ₹4.2 Lakhs per year
  • Shriram Finance Collection Officer Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
  • Mahindra Finance Collection Officer Salary - ₹1.5 Lakhs to ₹5.1 Lakhs per year
What is the estimated take home salary of a Collection Officer at Muthoot Fincorp in India?
The estimated take-home salary of a Collection Officer at Muthoot Fincorp ranges between ₹18,910 per month to ₹20,590 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Collection Officer salary in India which ranges between ₹2.2 Lakhs to ₹3.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?
What is the notice period for Collection Officer at Muthoot Fincorp?
According to AmbitionBox, 35% of the Muthoot Fincorp Collection Officers reported a notice period of 1 Month, 30% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Collection Officer salary in India ranges between ₹2.2 Lakhs to ₹3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.