Muthoot Fincorp Deputy Manager Salaries by 60+ Employees (Updated 2025)

5 - 13 years exp.

₹2.8 Lakhs - ₹7.9 Lakhs

Salary of majority employees

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50% less than the average Deputy Manager Salary in NBFC Companies for 5 - 13 years of experience

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Salaries in different departments

Finance & Accounting Deputy Manager Salary 5 - 12 years exp. (26 salaries)	Unlock ₹3.1 L/yr - ₹7 L/yr
Human Resources Deputy Manager Salary 6 - 10 years exp. (11 salaries)	Unlock ₹5.3 L/yr - ₹7 L/yr
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Sales & Business Development Deputy Manager Salary 5 - 11 years exp. (8 salaries)	Unlock ₹3.4 L/yr - ₹7.9 L/yr
BFSI, Investments & Trading Deputy Manager Salary 5 - 13 years exp. (6 salaries)	Unlock ₹3.7 L/yr - ₹5 L/yr
Customer Success, Service & Operations Deputy Manager Salary 5 - 9 years exp. (4 salaries)	Unlock ₹4.4 L/yr - ₹6 L/yr

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Last Updated: 4 Mar 2025

Companies similar to Muthoot Fincorp for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Deputy Manager Salary 0 - 10 years exp. (194 salaries)	Unlock ₹3 L/yr - ₹9.9 L/yr 4% more	464 job openings
HDFC Bank Deputy Manager Salary 0 - 13 years exp. (15.1k salaries)	Unlock ₹2 L/yr - ₹10.8 L/yr 22% more
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ICICI Bank Deputy Manager Salary 0 - 15 years exp. (15.5k salaries)	Unlock ₹2 L/yr - ₹11 L/yr 34% more
Kotak Mahindra Bank Deputy Manager Salary 0 - 13 years exp. (11.3k salaries)	Unlock ₹1.7 L/yr - ₹8.2 L/yr 5% more
Axis Bank Deputy Manager Salary 0 - 14 years exp. (10.5k salaries)	Unlock ₹2 L/yr - ₹8.7 L/yr 31% more
Kotak Mahindra Prime Deputy Manager Salary 1 - 12 years exp. (319 salaries)	Unlock ₹3.5 L/yr - ₹8 L/yr 15% more
Mahindra Finance Deputy Manager Salary 0 - 14 years exp. (234 salaries)	Unlock ₹4 L/yr - ₹11.5 L/yr 45% more	1 job opening
Shriram Finance Deputy Manager Salary 5 - 16 years exp. (189 salaries)	Unlock ₹2.5 L/yr - ₹9.4 L/yr 6% more
TVS Credit Deputy Manager Salary 1 - 12 years exp. (185 salaries)	Unlock ₹4.5 L/yr - ₹18 L/yr 121% more	1 job opening
IIFL Finance Deputy Manager Salary 2 - 12 years exp. (168 salaries)	Unlock ₹2.3 L/yr - ₹10 L/yr 20% more
Satin Creditcare Network Deputy Manager Salary 2 - 12 years exp. (165 salaries)	Unlock ₹3.4 L/yr - ₹8 L/yr 18% more
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Cholamandalam Investment & Finance Deputy Manager Salary 0 - 10 years exp. (160 salaries)	Unlock ₹2 L/yr - ₹5.4 L/yr 13% less
Sundaram Finance Deputy Manager Salary 5 - 20 years exp. (137 salaries)	Unlock ₹5.2 L/yr - ₹11.3 L/yr 76% more
HDB Financial Services Deputy Manager Salary 2 - 14 years exp. (118 salaries)	Unlock ₹3.3 L/yr - ₹11.5 L/yr 39% more
Poonawalla Fincorp Deputy Manager Salary 0 - 12 years exp. (95 salaries)	Unlock ₹5 L/yr - ₹12 L/yr 58% more
Mahindra Rural Housing Finance Deputy Manager Salary 3 - 13 years exp. (90 salaries)	Unlock ₹3.2 L/yr - ₹10.8 L/yr 27% more
Capri Global Capital Deputy Manager Salary 4 - 14 years exp. (87 salaries)	Unlock ₹3.3 L/yr - ₹10 L/yr 25% more
Muthoot Finance Deputy Manager Salary 0 - 15 years exp. (83 salaries)	Unlock ₹2.8 L/yr - ₹7.5 L/yr 9% more
Manappuram Finance Deputy Manager Salary 3 - 12 years exp. (71 salaries)	Unlock ₹3 L/yr - ₹6 L/yr At par
Tata Capital Deputy Manager Salary 3 - 12 years exp. (35 salaries)	Unlock ₹3.1 L/yr - ₹9.5 L/yr 12% more

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Deputy Manager salary at Muthoot Fincorp ranges between ₹2.8 Lakhs to ₹7.9 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 65 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Deputy Manager

2d ago

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9 years exp.

2w ago

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10 years exp.

1mo ago

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8 years exp.

1mo ago

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12 years exp.

1mo ago

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12 years exp.

1mo ago

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7 years exp.

1mo ago

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6 years exp.

1mo ago

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9 years exp.

1mo ago

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10 years exp.

2mo ago

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10 years exp.

Experience wise Muthoot Fincorp Deputy Manager salaries

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
5 years (7 salaries)	Unlock ₹3.5 L/yr - ₹7.3 L/yr
6 years (14 salaries)	Unlock ₹3.3 L/yr - ₹7.9 L/yr
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7 years (9 salaries)	Unlock ₹3.2 L/yr - ₹7 L/yr
8 years (6 salaries)	Unlock ₹3.7 L/yr - ₹6.7 L/yr
9 years (12 salaries)	Unlock ₹4 L/yr - ₹7 L/yr
10 years (9 salaries)	Unlock ₹3.1 L/yr - ₹6.9 L/yr
11 years (3 salaries)	Unlock ₹3.7 L/yr - ₹5.1 L/yr
12 years (3 salaries)	Unlock ₹3.8 L/yr - ₹4.8 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹4.8 L/yr

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(AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr

Top skills at Muthoot Fincorp for Deputy Manager

Third Party Products Finance Team Handling Cross Selling Insurance Employee Relations Disbursement Recruitment NBFC Retail Branch Banking Auditing Business HR Banking Operations Sales HR Operations

Salary related reviews for Muthoot Fincorp

4.1

Rated by 54 employees for salary & benefits

Branch Manager in Agra

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.

Deputy Branch Manager in Thiruvananthapuram

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

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.

Salary - Poor

Branch Manager in Patna

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.

Salary - Good

+6 more

Dislikes

Monday to Saturday office. Less festival leave like in deepawali and chath pooja.

Branch Manager in New Delhi

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.

Salary - Poor

Branch Manager in Sulur

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.

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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Muthoot Fincorp Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Muthoot Fincorp?

Deputy Manager salary at Muthoot Fincorp in India ranges between ₹2.8 Lakhs to ₹7.9 Lakhs for experience between 5 years to 13 years. According to our estimates it is 50% less than the average Deputy Manager Salary in India. Salary estimates are based on 65 latest salaries received from various employees of Muthoot Fincorp India.

How does the salary of a Deputy Manager at Muthoot Fincorp India compare with the average salary range for this job?

The average salary of a Deputy Manager at Muthoot Fincorp is 50% less than the average salary of a Deputy Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Manager at Muthoot Fincorp?

Third Party Products, Finance, Team Handling, Cross Selling and Insurance are some of the popular skills required to work as a Deputy Manager at Muthoot Fincorp India.

Which similar companies are paying more than Muthoot Fincorp to a Deputy Manager in India?

TVS Credit Deputy Manager Salary - ₹4.5 Lakhs to ₹18.0 Lakhs per year
Sammaan Capital Limited Deputy Manager Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year
Sundaram Finance Deputy Manager Salary - ₹5.2 Lakhs to ₹11.3 Lakhs per year
CreditAccess Grameen Deputy Manager Salary - ₹3.9 Lakhs to ₹11.1 Lakhs per year
L&T Finance Deputy Manager Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Deputy Manager in companies similar to Muthoot Fincorp in India?

Poonawalla Fincorp Deputy Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
Spandana Sphoorty Financial Deputy Manager Salary - ₹6.7 Lakhs to ₹8.4 Lakhs per year
Reliance Capital Deputy Manager Salary - ₹5.5 Lakhs to ₹11.0 Lakhs per year
Mahindra Finance Deputy Manager Salary - ₹4.0 Lakhs to ₹11.5 Lakhs per year
HDB Financial Services Deputy Manager Salary - ₹3.3 Lakhs to ₹11.5 Lakhs per year

What is the estimated take home salary of a Deputy Manager at Muthoot Fincorp in India?

The estimated take-home salary of a Deputy Manager at Muthoot Fincorp ranges between ₹35,797 per month to ₹37,025 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Deputy Manager salary in India which ranges between ₹2.8 Lakhs to ₹7.9 Lakhs per year for employees with experience between 5 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager at Muthoot Fincorp?

According to AmbitionBox, 44% of the Muthoot Fincorp Deputy Managers reported a notice period of 3 Months, 32% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 90 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Deputy Manager Salaries by Location

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Muthoot Fincorp Deputy Manager Salaries

Muthoot Fincorp Deputy Manager salary in India ranges between ₹2.8 Lakhs to ₹7.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 65 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.

Muthoot Fincorp Deputy Manager salaries in India (Updated 2025)

Companies similar to Muthoot Fincorp for Deputy Manager

Latest annual salaries shared by Muthoot Fincorp Deputy Manager

Experience wise Muthoot Fincorp Deputy Manager salaries

Similar Designation salaries in Muthoot Fincorp

Top skills at Muthoot Fincorp for Deputy Manager

Salary related reviews for Muthoot Fincorp

Branch Manager in Agra

Deputy Branch Manager in Thiruvananthapuram

Branch Manager in Patna

Branch Manager in New Delhi

Branch Manager in Sulur

Muthoot Fincorp Deputy Manager Salary FAQs

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Muthoot Fincorp Deputy Manager Salaries by Location