Muthoot Fincorp Probationary Officer Salaries by 3 Employees

0 - 1 year exp.

₹2.7 Lakhs - ₹3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

64% less than the average Probationary Officer Salary in NBFC Companies for 0 - 1 year of experience

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Last Updated: 29 Nov 2024

Companies similar to Muthoot Fincorp for Probationary Officer

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Muthoot Finance Probationary Officer Salary 0 - 3 years exp. (317 salaries)	₹1.4 L/yr - ₹3.8 L/yr 5% less	22 job openings
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Federal Bank Probationary Officer Salary 0 - 3 years exp. (310 salaries)	₹6 L/yr - ₹16 L/yr 348% more
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South Indian Bank Probationary Officer Salary 0 - 2 years exp. (105 salaries)	₹4.8 L/yr - ₹13 L/yr 266% more

Probationary Officer salary at Muthoot Fincorp ranges between ₹2.7 Lakhs to ₹3 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Probationary Officer salaries

Last Updated: 29 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr

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Salary related reviews for Muthoot Fincorp

Finance Executive in Nagpur

Finance & Accounting Department

4.0

• posted on 29 May 2020

3.0

for Salary and Benefits

Likes

I have working last 1 and half year with Muthoot Fincorp LTd. my work experience better and joy full all Manager are saporting me on field work.

Skill development - Good

+2 more

Dislikes

In lockdown Company deducted salary and push on Fild work in corona Covid 19 condition

Job security - Poor

+1 more

State Legal Manager in Lucknow

Full Time

Legal & Regulatory Department

3.0

• posted on 11 Feb 2025

2.0

for Salary and Benefits

Likes

Job security

Skill development - Excellent

+2 more

Dislikes

No support or respect for support verticles. Salary will be the lowest as per the market standard or industry. Had to report office at sharp 9:30 AM morning and late night sittings. No week off in last 10 days of months. you have to work on Sundays also.

Salary - Poor

+1 more

Senior Executive in Goa

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... 3months.. you work there n within 3months you search for another organisation.. they offer lowest salary in the market.. and on top of it you'll have to serve 2months or 3months resignation period and after that also they will not provide you ur reliving letter n even your full n final settlement will not happen.. they take year to do Full and final settlement.. I was the employee here after 2 years I gave resignation fir better opportunity but m lacking behind only because I don't have reliving letter.. even after 4 months and tones of followups with them they arey not giving me my reliving letter and my salary.. so think before you join.. here no one will help you manager area manager regional manager no one.. worst company it is.. u better seat home rather you join in muthoot Fincorp.. if you join you will regret it till your alive mark my words.. they are totally unprofessional and behave rediculous.. THINK BEFOR YOU JOIN MUTHOOT FINCORP LTD

Salary - Bad

+6 more

Customer Service Executive in New Delhi

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.

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 !

Senior Customer Service Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 Dec 2024

3.0

for Salary and Benefits

Likes

Working timing is good, and salary is always come on time.

Job security - Good

+2 more

Dislikes

In this company salary increment is done according to the outstanding of the branch, so the new staff who join in a smaller branch will not get any benefit. If increment is done according to the outstanding of the branch then the vintage staff should get a bigger branch according to their individual score card or there should be shuffling of all employees every 2 years.

Promotions - Bad

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Fincorp Probationary Officer Salary FAQs

How the salary growth look like for a Probationary Officer at Muthoot Fincorp in India?

The salary growth for a Probationary Officer at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Probationary Officer can expect the following growth trajectory at Muthoot Fincorp:

Experience	Average Salary Range
Fresher	₹2.4 Lakhs to ₹3.1 Lakhs per year
1 year	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Muthoot Fincorp Probationary Officer Salaries

Muthoot Fincorp Probationary Officer salary in India ranges between ₹2.7 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.