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4.5

based on 6.2k Reviews

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Ludhiana

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Muthoot Fincorp Salaries in Ludhiana

based on 2 latest salaries
Designation Avg Annual Salary Open Jobs
2 - 3 years exp. · Ludhiana (AmbitionBox Estimate)
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₹1.7 L/yr - ₹2 L/yr

Last Updated: 16 Dec, 2023

Salary related reviews for Muthoot Fincorp

4.4

Rated by 8 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 14 Dec 2024

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

I am not satisfied with the company and also company salary I am working hard but the salary not high from last from 1 year but target is very high lot of pressure totally not happy with this enviornment

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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...

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....

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Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 26 Nov 2024

5.0
 for  Salary and Benefits

Likes

The company is very good, I like the company a lot but my salary is very low, that's why I am a little angry because my salary is low

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Dislikes

I do not want to dislike anything but I want to tell you that I am a business development officer but my salary package is very low. I am working here on a very low salary.

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Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 22 Nov 2024

4.0
 for  Salary and Benefits

Likes

This is a good company for work. We have the job security for all staff. And good office time.

Dislikes

Rate of interest to be change in one month the customers who not because every customer not able to pay every month continuously . so give some relaxation for 3 months once compulsory..

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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.

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see more salary related reviews

Muthoot Fincorp Salary FAQs

How much does Muthoot Fincorp pay per year?
The average Muthoot Fincorp salary ranges from approximately ₹1 Lakh to ₹1.8 Lakh per year for a Marketing Executive and ₹36 Lakhs to ₹61 Lakhs per year for a Vice President. Salary estimates are based on 2 Muthoot Fincorp salaries received from various employees of Muthoot Fincorp. Muthoot Fincorp employees rate the overall salary and benefits package 4.4/5 stars.
What is the highest salary in Muthoot Fincorp?
The highest-paying job at Muthoot Fincorp is a Vice President with a salary of ₹36 Lakhs to ₹61 Lakhs per year. The top 10% of employees earn more than ₹7 lakhs per year. The top 1% earn more than a whopping ₹28.10 lakhs per year.
What is the minimum salary in Muthoot Fincorp?
Minimum salary at Muthoot Fincorp depends on the role you are applying for. For Joint Custodian the minimum salary is ₹1 Lakh to ₹3.4 Lakhs per year, and for Customer Service Executive the minimum salary is ₹1 Lakh to ₹3.9 Lakhs per year and so on.
What is the salary package for freshers in Muthoot Fincorp?
The average salary at Muthoot Fincorp for freshers varies from ₹1.6 Lakh to ₹2.1 Lakhs per year for Customer Support Executive and ₹2 Lakhs to ₹8.5 Lakhs per year for Management Trainee.
What is the notice period at Muthoot Fincorp in Ludhiana?
According to AmbitionBox, 33% of the Muthoot Fincorp employees in Ludhiana reported a notice period of 2 Months, 27% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

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