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Muthoot Fincorp Deputy Manager salaries in Mumbai (Updated 2025)

Annual salary range
6 - 13 years exp.
₹3.3 Lakhs - ₹5 Lakhs
Salary of majority employees
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45% less than the average Deputy Manager Salary in NBFC Companies for 6 - 13 years of experience

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Salaries in different departments

Finance & Accounting
Deputy Manager Salary
6 - 10 years exp. (3 salaries)
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₹3.3 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Deputy Manager Salary
12 - 13 years exp. (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr

Last Updated: 1 Feb 2025

Companies similar to Muthoot Fincorp for Deputy Manager in Mumbai

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Muthoot Fincorp Deputy Manager Salary

6 - 13 years exp. (5 salaries)

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₹3.3 L/yr - ₹5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Mahindra Finance Deputy Manager Salary

0 - 15 years exp. (79 salaries)

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₹4.2 L/yr - ₹11.5 L/yr

arrow icon 63% more
1 job opening
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IIFL Finance Deputy Manager Salary

2 - 12 years exp. (54 salaries)

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₹3.5 L/yr - ₹10 L/yr

arrow icon 48% more
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₹3.6 L/yr - ₹12 L/yr

arrow icon 44% more
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Kotak Mahindra Prime Deputy Manager Salary

1 - 12 years exp. (38 salaries)

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₹3.5 L/yr - ₹7.5 L/yr

arrow icon 21% more
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Capri Global Capital Deputy Manager Salary

4 - 14 years exp. (28 salaries)

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₹4.3 L/yr - ₹10 L/yr

arrow icon 41% more
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Ugro Capital Deputy Manager Salary

2 - 11 years exp. (22 salaries)

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₹4.5 L/yr - ₹11.8 L/yr

arrow icon 65% more
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Shriram Finance Deputy Manager Salary

5 - 17 years exp. (20 salaries)

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₹3.8 L/yr - ₹7.6 L/yr

arrow icon 28% more
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Poonawalla Fincorp Deputy Manager Salary

1 - 12 years exp. (7 salaries)

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₹4.4 L/yr - ₹10 L/yr

arrow icon 63% more
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Sammaan Capital Limited Deputy Manager Salary

3 - 10 years exp. (5 salaries)

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₹5 L/yr - ₹10.2 L/yr

arrow icon 80% more
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Sundaram Finance Deputy Manager Salary

6 - 18 years exp. (5 salaries)

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₹6.1 L/yr - ₹10.1 L/yr

arrow icon 77% more
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Manappuram Finance Deputy Manager Salary

4 - 10 years exp. (4 salaries)

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₹3.3 L/yr - ₹6.5 L/yr

arrow icon 1% more
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Muthoot Finance Deputy Manager Salary

7 - 14 years exp. (4 salaries)

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₹5 L/yr - ₹7 L/yr

arrow icon 21% more
Deputy Manager salary at Muthoot Fincorp ranges between ₹3.3 Lakhs to ₹5 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Deputy Manager in Mumbai

1mo ago
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12 years exp.
2mo ago
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10 years exp.
9mo ago
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13 years exp.
1y ago
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6 years exp.
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9 years exp.

Experience wise Muthoot Fincorp Deputy Manager salaries in Mumbai

Last Updated: 1 Feb 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.6 L/yr
7 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
10 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.3 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary
(34 salaries)
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₹2.05 L/yr - ₹6.35 L/yr
Area Manager Salary
(4 salaries)
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₹6.55 L/yr - ₹10.1 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

3.0

Rated by 1 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

  • 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

 · 

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.

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.

read more
  • Salary - Poor

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.

read more
  • 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.

read more
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Muthoot Fincorp Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Muthoot Fincorp in Mumbai?
The average salary of a Deputy Manager at Muthoot Fincorp in Mumbai typically ranges from ₹3.3 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Deputy Manager in Mumbai at Muthoot Fincorp earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Deputy 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 5 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Deputy Manager at Muthoot Fincorp in Mumbai?
The estimated take-home salary of a Deputy Manager at Muthoot Fincorp in Mumbai typically ranges from ₹35,127 to ₹36,365 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 6 years to 13 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 5 salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Deputy Manager at Muthoot Fincorp in Mumbai?
To be a Deputy Manager at Muthoot Fincorp in Mumbai, the key skills required include:

  • - Third Party Products
  • - Finance
  • - Team Handling
  • - Cross Selling
  • - Insurance

These skills are highly valued at Muthoot Fincorp and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Muthoot Fincorp for Deputy Manager in India?
Sammaan Capital Limited ₹5.0 Lakhs to ₹10.2 Lakhs per year
Sundaram Finance ₹6.1 Lakhs to ₹10.1 Lakhs per year
Ugro Capital ₹4.5 Lakhs to ₹11.8 Lakhs per year
Mahindra Finance ₹4.2 Lakhs to ₹11.5 Lakhs per year
Poonawalla Fincorp ₹4.4 Lakhs to ₹10.0 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 in companies similar to Muthoot Fincorp in Mumbai?
The salary of a Deputy Manager at companies similar to Muthoot Fincorp in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IIFL Finance ₹3.5 Lakhs to ₹10.0 Lakhs per year
Mahindra Rural Housing Finance ₹3.6 Lakhs to ₹12.0 Lakhs per year
Capri Global Capital ₹4.3 Lakhs to ₹10.0 Lakhs per year
Shriram Finance ₹3.8 Lakhs to ₹7.6 Lakhs per year
Muthoot Finance ₹5.0 Lakhs to ₹7.0 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 at Muthoot Fincorp in Mumbai?
The salary growth for a Deputy Manager at Muthoot Fincorp in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Manager in Mumbai can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
6 years ₹4.4 Lakhs to ₹5.6 Lakhs per year
7 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
8 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
9 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
and so on.

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Muthoot Fincorp Deputy Manager salary in Mumbai ranges between ₹3.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.