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Muthoot Fincorp Deputy Manager Grade 2 salaries in India (Updated 2025)

Annual salary range
4 - 11 years exp.
₹4.5 Lakhs - ₹8.5 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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Fixed (95%)
₹5.6 Lakhs
Variable (5%)
₹0.3 Lakh
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13% less than the average Deputy Manager Grade 2 Salary in NBFC Companies for 4 - 11 years of experience

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Salaries in different departments

Finance & Accounting
Deputy Manager Grade 2 Salary
11 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5 L/yr

Strategic & Top Management
Deputy Manager Grade 2 Salary
4 years exp. (AmbitionBox Estimate)
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₹7.6 L/yr - ₹9.3 L/yr

Last Updated: 12 Jan 2025

Companies similar to Muthoot Fincorp for Deputy Manager Grade 2

Company name Avg Annual Salary Open Jobs
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₹3.8 L/yr - ₹6.3 L/yr

arrow icon 14% less
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IIFL Finance Deputy Manager Grade 2 Salary

3 - 5 years exp. (5 salaries)

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₹3.4 L/yr - ₹9 L/yr

arrow icon 2% less
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₹5.4 L/yr - ₹6.9 L/yr

arrow icon 1% more
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₹5.3 L/yr - ₹7.1 L/yr

arrow icon 11% more
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TVS Credit Deputy Manager Grade 2 Salary

7 - 12 years exp. (4 salaries)

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₹5.9 L/yr - ₹10.8 L/yr

arrow icon 23% more
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Sundaram Finance Deputy Manager Grade 2 Salary

10 - 15 years exp. (4 salaries)

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₹7 L/yr - ₹8.5 L/yr

arrow icon 35% more
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₹3.7 L/yr - ₹6.1 L/yr

arrow icon 11% less
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₹4.1 L/yr - ₹5.2 L/yr

arrow icon 24% less
Deputy Manager Grade 2 salary at Muthoot Fincorp ranges between ₹4.5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Deputy Manager Grade 2

1w ago
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10 years exp.
2w ago
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4 years exp.
1mo ago
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9 years exp.
1y ago
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11 years exp.

Experience wise Muthoot Fincorp Deputy Manager Grade 2 salaries

Last Updated: 12 Jan 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹9.7 L/yr
9 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr
11 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in Muthoot Fincorp

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₹2.75 L/yr - ₹7.9 L/yr
Store Manager Salary
(4 salaries)
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₹2 L/yr - ₹10 L/yr
Branch Manager Salary
(739 salaries)
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₹1.25 L/yr - ₹6.35 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
Team Lead Salary
(5 salaries)
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₹2.2 L/yr - ₹3.34 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹2.15 L/yr - ₹4.5 L/yr
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₹3 L/yr - ₹5 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹11.7 L/yr - ₹15 L/yr

Salary related reviews for Muthoot Fincorp

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 30 Dec 2024

5.0
 for  Salary and Benefits

Likes

The opportunities for continuous learning and professional development & salary credited on time.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Company is great no dought ,I am working here last 1.5 years and I see some people have two faces and changing their own words according to the situation. All over great !

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 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
  • Job security - Good
  • +3 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

read more

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

  • Salary - Good
  • +6 more

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
  • Salary - Poor
  • +3 more
see more salary related reviews

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Muthoot Fincorp Deputy Manager Grade 2 Salary FAQs

What is the salary of Deputy Manager Grade 2 at Muthoot Fincorp ?
The average salary of a Deputy Manager Grade 2 at Muthoot Fincorp in India typically ranges from ₹4.5 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of Deputy Manager Grade 2 at Muthoot Fincorp earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Deputy Manager Grade 2 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 4 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Deputy Manager Grade 2 at Muthoot Fincorp in India?
The estimated take-home salary of a Deputy Manager Grade 2 at Muthoot Fincorp in India typically ranges from ₹44,994 to ₹46,085 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 4 years to 11 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 4 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 Deputy Manager Grade 2 in India?
Sundaram Finance ₹7.0 Lakhs to ₹8.5 Lakhs per year
TVS Credit ₹5.9 Lakhs to ₹10.8 Lakhs per year
Mahindra Finance ₹5.3 Lakhs to ₹7.1 Lakhs per year
Satin Creditcare Network ₹5.4 Lakhs to ₹6.9 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 Deputy Manager Grade 2 in companies similar to Muthoot Fincorp in India?
The salary of a Deputy Manager Grade 2 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 ₹3.4 Lakhs to ₹9.0 Lakhs per year
Capri Global Capital ₹3.7 Lakhs to ₹6.1 Lakhs per year
Kotak Mahindra Prime ₹3.8 Lakhs to ₹6.3 Lakhs per year
SMFG India Credit ₹4.1 Lakhs to ₹5.2 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 Deputy Manager Grade 2 at Muthoot Fincorp in India?
The salary growth for a Deputy Manager Grade 2 at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Grade 2 can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
4 years ₹7.6 Lakhs to ₹9.7 Lakhs per year
9 years ₹5.2 Lakhs to ₹6.6 Lakhs per year
10 years ₹4.5 Lakhs to ₹5.8 Lakhs per year
11 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
and so on.

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Muthoot Fincorp Deputy Manager Grade 2 salary in India ranges between ₹4.5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.