Muthoot Group Branch Manager 1 Salaries by 6 Employees (Updated 2024)

3 - 8 years exp.

₹2 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

38% less than the average Branch Manager 1 Salary in Financial Services Companies for 3 - 8 years of experience

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Salaries in different departments

Finance & Accounting Branch Manager 1 Salary 3 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹6.2 L/yr
Customer Success, Service & Operations Branch Manager 1 Salary 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr
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Environment Health & Safety Branch Manager 1 Salary 8 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 14 Dec 2024

Companies similar to Muthoot Group for Branch Manager 1

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Branch Manager 1 Salary 2 - 5 years exp. (8 salaries)	₹2.4 L/yr - ₹4.3 L/yr 10% less
Bajaj Finance Branch Manager 1 Salary 2 - 10 years exp. (5 salaries)	₹3.6 L/yr - ₹6.5 L/yr 48% more
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HDFC Bank Branch Manager 1 Salary 10 - 15 years exp. (4 salaries)	₹7.9 L/yr - ₹14 L/yr 180% more
ICICI Bank Branch Manager 1 Salary 7 - 15 years exp. (35 salaries)	₹5.1 L/yr - ₹11 L/yr 142% more
Axis Bank Branch Manager 1 Salary 13 - 17 years exp. (4 salaries)	₹9.9 L/yr - ₹10.5 L/yr 188% more
Kotak Mahindra Bank Branch Manager 1 Salary 7 - 15 years exp. (3 salaries)	₹6 L/yr - ₹16.5 L/yr 198% more
Tata Capital Branch Manager 1 Salary 2 - 12 years exp. (4 salaries)	₹4.1 L/yr - ₹9.5 L/yr 71% more
Aditya Birla Capital Branch Manager 1 Salary 8 - 13 years exp. (4 salaries)	₹6.1 L/yr - ₹7.2 L/yr 89% more
L&T Finance Branch Manager 1 Salary 3 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr 17% more
RBL FinServe Branch Manager 1 Salary 5 - 8 years exp. (4 salaries)	₹3 L/yr - ₹4.2 L/yr 2% less

Branch Manager 1 salary at Muthoot Group ranges between ₹2 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Group.

Experience wise Muthoot Group Branch Manager 1 salaries

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹6.6 L/yr
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5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹6.2 L/yr
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.8 L/yr

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Salary related reviews for Muthoot Group

4.5

Rated by 2 employees for salary & benefits

Operations Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

In customer angle, company is best brand among others. Products are good.

Dislikes

HR cannot do independently in their best practice as per industry. Less salary industry. Old branch Offices are its still old and not renovations; and opening new offices. Even though advanced technology are implementing the systems and peripherals are old. Etc, etc.

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

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.

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.

Accountant in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 27 Nov 2019

4.0

for Salary and Benefits

Likes

It's a full supportive environment in this company and always credits salary and incentives timely in employees account and a very good platform to start career

Dislikes

Annual appraisal are low and there might be health issues due to using acid during checking gold

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

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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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Muthoot Group Branch Manager 1 Salary FAQs

What is the salary of Branch Manager 1 at Muthoot Group?

Branch Manager 1 salary at Muthoot Group in India ranges between ₹2.0 Lakhs to ₹6.2 Lakhs for experience between 3 years to 8 years. According to our estimates it is 38% less than the average Branch Manager 1 Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Group India.

How does the salary of a Branch Manager 1 at Muthoot Group India compare with the average salary range for this job?

The average salary of a Branch Manager 1 at Muthoot Group is 38% less than the average salary of a Branch Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Group to a Branch Manager 1 in India?

Kotak Mahindra Bank Branch Manager 1 Salary - ₹6.0 Lakhs to ₹16.5 Lakhs per year
Axis Bank Branch Manager 1 Salary - ₹9.9 Lakhs to ₹10.5 Lakhs per year
HDFC Bank Branch Manager 1 Salary - ₹7.9 Lakhs to ₹14.0 Lakhs per year
ICICI Bank Branch Manager 1 Salary - ₹5.1 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Capital Branch Manager 1 Salary - ₹6.1 Lakhs to ₹7.2 Lakhs per year

What is the salary of a Branch Manager 1 in companies similar to Muthoot Group in India?

Tata Capital Branch Manager 1 Salary - ₹4.1 Lakhs to ₹9.5 Lakhs per year
Bajaj Finance Branch Manager 1 Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
L&T Finance Branch Manager 1 Salary - ₹3.5 Lakhs to ₹4.8 Lakhs per year
RBL FinServe Branch Manager 1 Salary - ₹3.0 Lakhs to ₹4.2 Lakhs per year
Manappuram Finance Branch Manager 1 Salary - ₹2.4 Lakhs to ₹4.3 Lakhs per year

What is the estimated take home salary of a Branch Manager 1 at Muthoot Group in India?

The estimated take-home salary of a Branch Manager 1 at Muthoot Group ranges between ₹25,675 per month to ₹27,104 per month in India. The take-home salary calculation is based on the average Muthoot Group Branch Manager 1 salary in India which ranges between ₹2.0 Lakhs to ₹6.2 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager 1 at Muthoot Group?

According to AmbitionBox, 38% of the Muthoot Group Branch Manager 1s reported a notice period of 1 Month, 37% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Muthoot Group Branch Manager 1 Salaries

Muthoot Group Branch Manager 1 salary in India ranges between ₹2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Group latest salaries received from various employees of Muthoot Group.