The Muthoot Group Branch Incharge Salaries by 10+ Employees (Updated 2025)

3 - 12 years exp.

₹1.5 Lakh - ₹5 Lakhs

Salary of majority employees

23% less than the average Branch Incharge Salary in Financial Services Companies for 3 - 12 years of experience

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Salaries in different departments

Finance & Accounting Branch Incharge Salary 4 - 10 years exp. (5 salaries)	₹2.4 L/yr - ₹4 L/yr
BFSI, Investments & Trading Branch Incharge Salary 3 - 9 years exp. (4 salaries)	₹1.5 L/yr - ₹4.2 L/yr
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Sales & Business Development Branch Incharge Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.7 L/yr

Last Updated: 12 Mar 2025

Companies similar to The Muthoot Group for Branch Incharge

Company name	Avg Annual Salary	Open Jobs
Cholamandalam Investment & Finance Branch Incharge Salary 2 - 10 years exp. (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr 12% less
Bajaj Finserv Branch Incharge Salary 2 - 13 years exp. (3 salaries)	₹1 L/yr - ₹6.5 L/yr 22% more
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Bandhan Bank Branch Incharge Salary 3 - 12 years exp. (193 salaries)	₹2.6 L/yr - ₹8 L/yr 64% more
Muthoot Fincorp Branch Incharge Salary 2 - 11 years exp. (190 salaries)	₹1.1 L/yr - ₹4.5 L/yr 15% less
HDB Financial Services Branch Incharge Salary 5 - 12 years exp. (132 salaries)	₹2.8 L/yr - ₹8.5 L/yr 85% more

Branch Incharge salary at The Muthoot Group ranges between ₹1.5 Lakh to ₹5 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 15 latest salaries received from various employees of The Muthoot Group.

Experience wise The Muthoot Group Branch Incharge salaries

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
6 years (3 salaries)	₹2.1 L/yr - ₹5.7 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
8 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
10 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
11 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
12 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr

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Similar Designation salaries in The Muthoot Group

Branch Manager Salary

(180 salaries)

₹2.55 L/yr - ₹7.45 L/yr

Branch Head Salary

(54 salaries)

₹2.1 L/yr - ₹6.23 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Area Manager Salary

(14 salaries)

₹3.67 L/yr - ₹7.6 L/yr

Sales Manager Salary

(9 salaries)

₹3.1 L/yr - ₹6.55 L/yr

Sales Executive Salary

(15 salaries)

₹1.9 L/yr - ₹2.55 L/yr

Team Lead Salary

(7 salaries)

₹2.05 L/yr - ₹4 L/yr

Deputy Manager Salary

(29 salaries)

₹3.6 L/yr - ₹6.35 L/yr

State Head Salary

(4 salaries)

₹4.5 L/yr - ₹10 L/yr

Senior Branch Manager Salary

(4 salaries)

₹7 L/yr - ₹14.5 L/yr

Salary related reviews for The Muthoot Group

4.0

Rated by 10 employees for salary & benefits

Branch Manager in Gadarwara

Full Time

Finance & Accounting Department

2.0

• posted on 28 Jan 2025

1.0

for Salary and Benefits

Likes

Skill development - Good
Job security - Good

Dislikes

... compititor. They transfer the employee to other city to complete notice period. Salary hike is too poor. Growth chances are less

Salary - Bad

+3 more

Branch Manager in Bangalore / Bengaluru

Full Time

Other Department

3.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Job security and staffs

Skill development - Good

+2 more

Dislikes

Branch ambience why we should maintain personally, company has to keep seperate person, Salary and increments and incentives are not paying properly and deductions for everything it's very bad culture, who will do wantedly all the irregularities.

Promotions - Poor

+1 more

Branch Manager in Tiptur

Sales & Business Development Department

2.0

• posted on 02 Nov 2022

3.0

for Salary and Benefits

Likes

No comments

Dislikes

This is the number one cost cutting company, their is no life for future and bottom line of staff do every work like sale and operation and aslo sales like mutual fund and diffirenciate between metro and onmetro salary.

Skill development - Poor

+4 more

State Head in Hyderabad / Secunderabad

Sales Department

1.0

• posted on 05 Jan 2021

1.0

for Salary and Benefits

Likes

...remium for a covid plan to cover yourself and the plan is of the company itself. Salary was not paid in April, instead 80% of salary was credited as advance which will be collected back from you when you leave the company. Would never recommend someone to join Muthoot if you want to be treated like an employee rather than something else.

Dislikes

Salary - Bad
Job security - Bad

+2 more

Branch Manager in Thiruvananthapuram

Muthoot Finance Department

5.0

• posted on 15 Mar 2018

5.0

for Salary and Benefits

Likes

...eving our branch targets .Insurance products,gold loan ,NCD,are the main areas .Job security and good salary growth provided in Muthoot group

Salary - Excellent

+6 more

Dislikes

.work environment is Monday to Saturday timing is 8.30 to 5.30 and Most Sunday’s have any training process there .In branch if alarm system working at any time most probably in night I will be there at night to open the branch and Sunday visit in branch for 10 minibus is compalsary for the managers only.

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Shifting from Bangalore to Hyderabad

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The Muthoot Group Branch Incharge Salary FAQs

What is the salary of Branch Incharge at The Muthoot Group ?

The average salary of a Branch Incharge at The Muthoot Group in India typically ranges from ₹1.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 12 years).

The top 10% of Branch Incharge at The Muthoot Group earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Branch Incharge Salaries at The Muthoot Group 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 10+ The Muthoot Group employees in India.

What is the estimated take home salary of a Branch Incharge at The Muthoot Group in India?

The estimated take-home salary of a Branch Incharge at The Muthoot Group in India typically ranges from ₹23,560 to ₹25,020 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 12 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 10+ salaries received from various employees of The Muthoot Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than The Muthoot Group for Branch Incharge in India?

HDB Financial Services	₹2.8 Lakhs to ₹8.5 Lakhs per year
Bandhan Bank	₹2.6 Lakhs to ₹8.0 Lakhs per year
Bajaj Finserv	₹1.0 Lakhs to ₹6.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by The Muthoot Group, depending on the role and experience level.

What is the salary of a Branch Incharge in companies similar to The Muthoot Group in India?

The salary of a Branch Incharge at companies similar to The Muthoot Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cholamandalam Investment & Finance	₹2.2 Lakhs to ₹3.6 Lakhs per year
Muthoot Fincorp	₹1.1 Lakhs to ₹4.5 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 Branch Incharge at The Muthoot Group in India?

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

Experience	Average Salary Range
3 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
5 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
6 years	₹2.1 Lakhs to ₹5.7 Lakhs per year

and so on.

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The Muthoot Group Branch Incharge Salaries

The Muthoot Group Branch Incharge salary in India ranges between ₹1.5 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 The Muthoot Group latest salaries received from various employees of The Muthoot Group.