The Muthoot Group Mumbai Branch Manager Salaries by 4 Employees (Updated 2025)

7 - 11 years exp.

₹4 Lakhs - ₹5.3 Lakhs

Salary of majority employees

55% less than the average Branch Manager Salary in Financial Services Companies for 7 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
Customer Success, Service & Operations Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.7 L/yr
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Sales & Business Development Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.5 L/yr

Last Updated: 14 Dec 2023

Companies similar to The Muthoot Group for Branch Manager in Mumbai

The Muthoot Group Branch Manager Salary

7 - 11 years exp. (4 salaries)

₹4 L/yr - ₹5.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Branch Manager Salary 5 - 20 years exp. (226 salaries)	₹5.5 L/yr - ₹22 L/yr 171% more
Kotak Mahindra Bank Branch Manager Salary 7 - 20 years exp. (134 salaries)	₹7.5 L/yr - ₹25.6 L/yr 235% more	1 job opening
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ICICI Securities Branch Manager Salary 3 - 11 years exp. (32 salaries)	₹4 L/yr - ₹8.6 L/yr 47% more
Motilal Oswal Financial Services Branch Manager Salary 8 - 16 years exp. (10 salaries)	₹4.8 L/yr - ₹11.5 L/yr 46% more
Bajaj Capital Branch Manager Salary 7 - 10 years exp. (3 salaries)	₹3 L/yr - ₹7 L/yr 14% less	1 job opening

Branch Manager salary at The Muthoot Group ranges between ₹4 Lakhs to ₹5.3 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of The Muthoot Group.

Experience wise The Muthoot Group Branch Manager salaries in Mumbai

Last Updated: 14 Dec 2023

Experience	Avg Annual Salary
7 years (3 salaries)	₹4 L/yr - ₹8.7 L/yr
8 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
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9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
10 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
11 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.2 L/yr

Similar Designation salaries in The Muthoot Group

JRE Salary

(4 salaries)

₹2.37 L/yr - ₹3.53 L/yr

Top skills at The Muthoot Group for Branch Manager

Sales Marketing Branch Management Business Development Cross Selling Business Development Branch Operations Team Handling Sales Branch Management Banking Finance Finance Team Handling Gold Loan

Salary related reviews for The Muthoot Group

2.3

Rated by 2 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

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.

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.

Job security - 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.

Salary - Poor

+4 more

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Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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The Muthoot Group Branch Manager Salary FAQs

What is the salary of Branch Manager at The Muthoot Group Mumbai?

Branch Manager salary at The Muthoot Group in Mumbai ranges between ₹4.0 Lakhs to ₹5.3 Lakhs for experience between 7 years to 11 years. According to our estimates it is 55% less than the average Branch Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of The Muthoot Group Mumbai.

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

The average salary of a Branch Manager at The Muthoot Group is 55% less than the average salary of a Branch Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager at The Muthoot Group?

Sales, Marketing, Branch Management, Business Development and Cross Selling are some of the popular skills required to work as a Branch Manager at The Muthoot Group Mumbai.

Which similar companies are paying more than The Muthoot Group to a Branch Manager in Mumbai?

Kotak Mahindra Bank Branch Manager Salary - ₹7.5 Lakhs to ₹25.6 Lakhs per year
ICICI Bank Branch Manager Salary - ₹5.5 Lakhs to ₹22.0 Lakhs per year
ICICI Securities Branch Manager Salary - ₹4.0 Lakhs to ₹8.6 Lakhs per year
Motilal Oswal Financial Services Branch Manager Salary - ₹4.8 Lakhs to ₹11.5 Lakhs per year

What is the salary of a Branch Manager in companies similar to The Muthoot Group in Mumbai?

Bajaj Capital Branch Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Branch Manager at The Muthoot Group ranges between ₹36,753 per month to ₹37,966 per month in Mumbai. The take-home salary calculation is based on the average The Muthoot Group Branch Manager salary in India which ranges between ₹4.0 Lakhs to ₹5.3 Lakhs per year for employees with experience between 7 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at The Muthoot Group in Mumbai?

According to AmbitionBox, 100% of the The Muthoot Group Branch Managers in Mumbai reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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The Muthoot Group Branch Manager Salaries in Mumbai

The Muthoot Group Branch Manager salary in Mumbai ranges between ₹4 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 The Muthoot Group latest salaries received from various employees of The Muthoot Group.