Muthoot Group Credit Officer Salaries by 9 Employees

1 - 5 years exp.

₹1.8 Lakh - ₹2.8 Lakhs

Low Confidence

Salary of majority employees

35% less than the average Credit Officer Salary in Financial Services Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 1 - 3 years exp. (4 salaries)	₹2.1 L/yr - ₹2.5 L/yr
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Finance & Accounting Credit Officer Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.8 L/yr

Last Updated: 14 Mar 2023

Companies similar to The Muthoot Group for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Credit Officer Salary 1 - 11 years exp. (25 salaries)	₹2.2 L/yr - ₹4.5 L/yr 47% more
Shriram Finance Credit Officer Salary 0 - 7 years exp. (159 salaries)	₹1.2 L/yr - ₹4.5 L/yr 18% more
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Bajaj Finance Credit Officer Salary 0 - 5 years exp. (38 salaries)	₹1.9 L/yr - ₹5.5 L/yr 52% more
HDFC Bank Credit Officer Salary 1 - 8 years exp. (252 salaries)	₹1.5 L/yr - ₹4 L/yr 11% more
ICICI Bank Credit Officer Salary 0 - 6 years exp. (118 salaries)	₹1.2 L/yr - ₹4.7 L/yr 8% more
Axis Bank Credit Officer Salary 0 - 6 years exp. (172 salaries)	₹1.2 L/yr - ₹6.5 L/yr 56% more	1 job opening
Kotak Mahindra Bank Credit Officer Salary 1 - 6 years exp. (96 salaries)	₹1.5 L/yr - ₹4.5 L/yr 16% more
Tata Capital Credit Officer Salary 0 - 5 years exp. (20 salaries)	₹2.5 L/yr - ₹5 L/yr 40% more	1 job opening
Aditya Birla Capital Credit Officer Salary 1 - 8 years exp. (43 salaries)	₹2 L/yr - ₹5 L/yr 63% more
L&T Finance Credit Officer Salary 0 - 5 years exp. (48 salaries)	₹1.5 L/yr - ₹4 L/yr 39% more
HDFC Sales Credit Officer Salary 1 - 9 years exp. (207 salaries)	₹1.6 L/yr - ₹5.2 L/yr 51% more
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Cholamandalam Investment & Finance Credit Officer Salary 0 - 8 years exp. (121 salaries)	₹1.7 L/yr - ₹3.9 L/yr 22% more
Bajaj Finserv Credit Officer Salary 0 - 5 years exp. (59 salaries)	₹2 L/yr - ₹5.5 L/yr 45% more
Citicorp Credit Officer Salary 1 - 9 years exp. (50 salaries)	₹9.5 L/yr - ₹25.2 L/yr 504% more
HSBC Group Credit Officer Salary 3 - 10 years exp. (19 salaries)	₹3.5 L/yr - ₹10 L/yr 186% more
JPMorgan Chase & Co. Credit Officer Salary 0 - 12 years exp. (13 salaries)	₹12.8 L/yr - ₹45 L/yr 1008% more	4 job openings
IDFC FIRST Bharat Credit Officer Salary 1 - 6 years exp. (5 salaries)	₹1.7 L/yr - ₹3.7 L/yr 9% more
Wells Fargo Credit Officer Salary 2 - 8 years exp. (4 salaries)	₹12 L/yr - ₹28.6 L/yr 648% more
UBS Credit Officer Salary 1 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹7 L/yr 48% more
BNP Paribas Credit Officer Salary 9 - 10 years exp. (3 salaries)	₹12.7 L/yr - ₹37 L/yr 793% more

Credit Officer salary at The Muthoot Group ranges between ₹1.8 Lakh to ₹2.8 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 9 latest salaries received from various employees of The Muthoot Group.

Experience wise Muthoot Group Credit Officer salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹4 L/yr
2 years (3 salaries)	₹2 L/yr - ₹4.1 L/yr
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3 years (4 salaries)	₹1.8 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.8 L/yr

Similar Designation salaries in The Muthoot Group

Credit Manager Salary

(15 salaries)

₹3.38 L/yr - ₹5.9 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Credit Analyst Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Senior Credit Officer Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Officer Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹7.1 L/yr - ₹9.1 L/yr

Branch Manager Salary

(180 salaries)

₹2.55 L/yr - ₹7.45 L/yr

Deputy Manager Salary

(29 salaries)

₹3.6 L/yr - ₹6.35 L/yr

Salary related reviews for The Muthoot Group

2.1

Rated by 3 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.

Accounts Associate in New Delhi

Full Time

Finance & Accounting Department

1.0

• posted on 06 Oct 2024

1.0

for Salary and Benefits

Likes

Salary on time.

Dislikes

No work life balance, late sitting, unnecessary pressure, 2 years employment bond, job with financial risks, rupe behaving seniors, no professionalism, no diversity support, office politics, there is no timings to go home after the shift over, you cannot late a minute to report your duties if you do even 1 minute late your half day salary will be gone, very less salary, discrimination, no good appraisals, it is like a lala ki dukan, no staff security, staff can be beaten and threatened by the customers, at the time of interview the roles and responsibilities are different but after joining and signing 2 years of bond everything gets change, they do not follow labour laws at many times, they take more than 90days to complete your FNF settlement, they provide your relieving and exp letter after 90days from your last working day, no employee engagement activities are performed, a person is working since 7 years but he only reached at 45k/month, unsupportive company, unsupportive upper management, sometimes colleagues are also unsupportive, they give CL/EL to employees but not approve the same at many times. There are many things I can still write here.

Salary - Bad

+5 more

see more salary related reviews

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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The Muthoot Group Credit Officer Salary FAQs

What is the salary of Credit Officer at Muthoot Group ?

The average salary of a Credit Officer at Muthoot Group in India typically ranges from ₹1.8 Lakhs to ₹2.8 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Credit Officer at Muthoot Group earn more than ₹2.6 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Credit Officer Salaries at 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 9 Muthoot Group employees in India.

What is the estimated take home salary of a Credit Officer at Muthoot Group in India?

The estimated take-home salary of a Credit Officer at Muthoot Group in India typically ranges from ₹16,146 to ₹17,812 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.8 Lakhs per year for employees with experience ranging from 1 year to 5 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 9 salaries received from various employees of Muthoot Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Group for Credit Officer in India?

JPMorgan Chase & Co.	₹12.8 Lakhs to ₹45.0 Lakhs per year
BNP Paribas	₹12.7 Lakhs to ₹37.0 Lakhs per year
Wells Fargo	₹12.0 Lakhs to ₹28.6 Lakhs per year
Citicorp	₹9.5 Lakhs to ₹25.2 Lakhs per year
HSBC Group	₹3.5 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Credit Officer in companies similar to Muthoot Group in India?

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

Aditya Birla Capital	₹2.0 Lakhs to ₹5.0 Lakhs per year
Axis Bank	₹1.2 Lakhs to ₹6.5 Lakhs per year
Bajaj Finance	₹1.9 Lakhs to ₹5.5 Lakhs per year
HDFC Sales	₹1.6 Lakhs to ₹5.2 Lakhs per year
UBS	₹2.1 Lakhs to ₹7.0 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 Credit Officer at Muthoot Group in India?

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

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹4.0 Lakhs per year
2 years	₹2.0 Lakhs to ₹4.1 Lakhs per year
3 years	₹1.8 Lakhs to ₹4.2 Lakhs per year
4 years	₹2.1 Lakhs to ₹2.7 Lakhs per year

and so on.

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Muthoot Group Credit Officer Salaries

The Muthoot Group Credit Officer salary in India ranges between ₹1.8 Lakh to ₹2.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 The Muthoot Group latest salaries received from various employees of The Muthoot Group.