Muthoot Fincorp Manager M1 Salaries by 5 Employees (Updated 2025)

9 - 11 years exp.

₹4.5 Lakhs - ₹7 Lakhs

Low Confidence

Salary of majority employees

Fixed (93%)

₹5.2 Lakhs

Variable (7%)

₹0.3 Lakh

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52% less than the average Manager M1 Salary in NBFC Companies for 9 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 9 years exp. (AmbitionBox Estimate)	Unlock ₹5.5 L/yr - ₹7 L/yr
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Finance & Accounting Manager M1 Salary 9 - 10 years exp. (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 7 Mar 2025

Companies similar to Muthoot Fincorp for Manager M1

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Manager M1 Salary 1 - 6 years exp. (4 salaries)	Unlock ₹4 L/yr - ₹5.6 L/yr 26% less
Mahindra Finance Manager M1 Salary 13 - 17 years exp. (4 salaries)	Unlock ₹10 L/yr - ₹14.8 L/yr 138% more
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Cholamandalam Investment & Finance Manager M1 Salary 5 - 15 years exp. (7 salaries)	Unlock ₹4 L/yr - ₹8.5 L/yr 13% more
HDB Financial Services Manager M1 Salary 10 - 22 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹13.5 L/yr 47% more
Tata Capital Manager M1 Salary 2 - 5 years exp. (4 salaries)	Unlock ₹4.6 L/yr - ₹6 L/yr 3% less
SMFG India Credit Manager M1 Salary 2 - 16 years exp. (20 salaries)	Unlock ₹6.5 L/yr - ₹15 L/yr 93% more
Kotak Mahindra Prime Manager M1 Salary 3 - 11 years exp. (7 salaries)	Unlock ₹3.5 L/yr - ₹5 L/yr 27% less
Muthoot Finance Manager M1 Salary 6 - 12 years exp. (6 salaries)	Unlock ₹3.9 L/yr - ₹8.5 L/yr 6% more
Tata Capital Housing Finance Manager M1 Salary 0 - 10 years exp. (5 salaries)	Unlock ₹4.6 L/yr - ₹6.5 L/yr 4% less
PNB Housing Finance Manager M1 Salary 4 - 9 years exp. (4 salaries)	Unlock ₹7.4 L/yr - ₹10.7 L/yr 76% more
TVS Credit Manager M1 Salary 0 - 11 years exp. (4 salaries)	Unlock ₹7.6 L/yr - ₹8 L/yr 43% more
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Bharat Financial Inclusion Manager M1 Salary 5 - 15 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹10 L/yr 32% more
Muthoot Microfin Manager M1 Salary 7 - 15 years exp. (3 salaries)	Unlock ₹4.1 L/yr - ₹5.5 L/yr 12% less
Aavas Financiers Manager M1 Salary 1 - 6 years exp. (3 salaries)	Unlock ₹3.1 L/yr - ₹9 L/yr 6% less
Sammaan Capital Limited Manager M1 Salary 6 - 14 years exp. (3 salaries)	Unlock ₹6.2 L/yr - ₹11.5 L/yr 43% more
Poonawalla Fincorp Manager M1 Salary 0 - 12 years exp. (3 salaries)	Unlock ₹8.5 L/yr - ₹15.8 L/yr 136% more

Manager M1 salary at Muthoot Fincorp ranges between ₹4.5 Lakhs to ₹7 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Manager M1 salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
9 years (3 salaries)	Unlock ₹5.5 L/yr - ₹7 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹10 L/yr
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11 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹5.7 L/yr

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Salary related reviews for Muthoot Fincorp

5.0

Rated by 1 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 Manager M1 Salary FAQs

What is the salary of Manager M1 at Muthoot Fincorp?

Manager M1 salary at Muthoot Fincorp in India ranges between ₹4.5 Lakhs to ₹7.0 Lakhs for experience between 9 years to 11 years. According to our estimates it is 52% less than the average Manager M1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp India.

How does the salary of a Manager M1 at Muthoot Fincorp India compare with the average salary range for this job?

The average salary of a Manager M1 at Muthoot Fincorp is 52% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Fincorp to a Manager M1 in India?

Mahindra Finance Manager M1 Salary - ₹10.0 Lakhs to ₹14.8 Lakhs per year
Poonawalla Fincorp Manager M1 Salary - ₹8.5 Lakhs to ₹15.8 Lakhs per year
SMFG India Credit Manager M1 Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year
PNB Housing Finance Manager M1 Salary - ₹7.4 Lakhs to ₹10.7 Lakhs per year
HDB Financial Services Manager M1 Salary - ₹5.0 Lakhs to ₹13.5 Lakhs per year

What is the salary of a Manager M1 in companies similar to Muthoot Fincorp in India?

Sammaan Capital Limited Manager M1 Salary - ₹6.2 Lakhs to ₹11.5 Lakhs per year
TVS Credit Manager M1 Salary - ₹7.6 Lakhs to ₹8.0 Lakhs per year
Bharat Financial Inclusion Manager M1 Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
Cholamandalam Investment & Finance Manager M1 Salary - ₹4.0 Lakhs to ₹8.5 Lakhs per year
Muthoot Finance Manager M1 Salary - ₹3.9 Lakhs to ₹8.5 Lakhs per year

What is the estimated take home salary of a Manager M1 at Muthoot Fincorp in India?

The estimated take-home salary of a Manager M1 at Muthoot Fincorp ranges between ₹41,923 per month to ₹43,060 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Manager M1 salary in India which ranges between ₹4.5 Lakhs to ₹7.0 Lakhs per year for employees with experience between 9 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Muthoot Fincorp?

According to AmbitionBox, 67% of the Muthoot Fincorp Manager M1s reported a notice period of 3 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Manager M1 Salaries

Muthoot Fincorp Manager M1 salary in India ranges between ₹4.5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.