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Muthoot Mercantile Branch Manager salaries in India

Annual salary range
4 - 13 years exp.
₹2.2 Lakhs - ₹4.9 Lakhs
Salary of majority employees
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61% less than the average Branch Manager Salary in NBFC Companies for 4 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
4 - 13 years exp. (31 salaries)
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₹2.4 L/yr - ₹4.5 L/yr

Customer Success, Service & Operations
Branch Manager Salary
4 - 12 years exp. (16 salaries)
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₹2.6 L/yr - ₹4.5 L/yr

Finance & Accounting
Branch Manager Salary
4 - 13 years exp. (16 salaries)
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₹2.3 L/yr - ₹4.5 L/yr

Sales & Business Development
Branch Manager Salary
6 - 13 years exp. (10 salaries)
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₹3 L/yr - ₹4.8 L/yr

Marketing & Communication
Branch Manager Salary
8 - 10 years exp. (3 salaries)
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₹4 L/yr - ₹4.4 L/yr

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Last Updated: 2 Feb 2025

Companies similar to Muthoot Mercantile for Branch Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Branch Manager Salary

5 - 23 years exp. (1.6k salaries)

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₹6.5 L/yr - ₹23 L/yr

arrow icon 311% more
2 job openings
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ICICI Bank Branch Manager Salary

5 - 21 years exp. (2.3k salaries)

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₹5.4 L/yr - ₹23 L/yr

arrow icon 270% more
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Axis Bank Branch Manager Salary

8 - 22 years exp. (324 salaries)

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₹6.2 L/yr - ₹23.5 L/yr

arrow icon 311% more
2 job openings
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Kotak Mahindra Bank Branch Manager Salary

7 - 20 years exp. (1k salaries)

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₹7 L/yr - ₹25.6 L/yr

arrow icon 345% more
1 job opening
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Yes Bank Branch Manager Salary

7 - 19 years exp. (646 salaries)

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₹6 L/yr - ₹22.7 L/yr

arrow icon 302% more
1 job opening
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IndusInd Bank Branch Manager Salary

6 - 22 years exp. (837 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 310% more
7 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (621 salaries)

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₹6.1 L/yr - ₹26 L/yr

arrow icon 328% more
6 job openings
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Federal Bank Branch Manager Salary

5 - 12 years exp. (46 salaries)

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₹8.1 L/yr - ₹22 L/yr

arrow icon 279% more
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South Indian Bank Branch Manager Salary

9 - 14 years exp. (46 salaries)

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₹8 L/yr - ₹19 L/yr

arrow icon 326% more
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Karur Vysya Bank Branch Manager Salary

6 - 14 years exp. (127 salaries)

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₹7 L/yr - ₹19 L/yr

arrow icon 285% more
View all
Branch Manager salary at Muthoot Mercantile ranges between ₹2.2 Lakhs to ₹4.9 Lakhs per year for employees with experience between 4 years to 13 years. Salary estimates are based on 94 latest salaries received from various employees of Muthoot Mercantile.

Latest annual salaries shared by Muthoot Mercantile Branch Manager

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Experience wise Muthoot Mercantile Branch Manager salaries

Last Updated: 2 Feb 2025

Experience Avg Annual Salary
4 years  (6 salaries)

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₹2.3 L/yr - ₹4 L/yr
5 years  (15 salaries)

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₹2.4 L/yr - ₹4.5 L/yr
6 years  (19 salaries)

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₹2.6 L/yr - ₹4.8 L/yr
7 years  (8 salaries)

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₹3.2 L/yr - ₹4.5 L/yr
8 years  (11 salaries)

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₹2.9 L/yr - ₹4.5 L/yr
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Muthoot Mercantile Branch Manager Salary and Career Growth

From

To

Branch Manager

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4 - 13 years exp.

Area Manager

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6 - 14 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Muthoot Mercantile

Area Manager Salary
(21 salaries)
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₹3.35 L/yr - ₹5 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
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₹1.8 L/yr - ₹2.5 L/yr
Branch Head Salary
(4 salaries)
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₹1.8 L/yr - ₹4 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr
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₹3.4 L/yr - ₹4.4 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹2.8 L/yr - ₹3.6 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹0.3 L/yr - ₹0.3 L/yr
Relationship Manager Salary
(AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr
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₹2 L/yr - ₹3.2 L/yr

Top skills at Muthoot Mercantile for Branch Manager

Branch Management Branch Operations Gold Loan Branch Sales Customer Service Heading Branch NBFC Leadership Target Achievement Sales Planning Team Handling Channel Sales Coordination Skills Team Motivation Communication Skills

Salary related reviews for Muthoot Mercantile

3.2

Rated by 34 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 25 Aug 2023

1.0
 for  Salary and Benefits

Likes

Nothing good about this FAKE company

Dislikes

... of Muthoot Finance and Fincorp by Lying to customers as they are not the same . They don't even stationary budget staff have to pay for it . AC have timers from KERALA which get off . Over all Management don't know to work they work like unorganized sector. As a gold loan company they don't have proper packet to pack they are so cheap they recycle packet 4 times and wrap gold in newspaper which is below standard company even jewelers pack in Ziplock bag . SO OVER ALL FAKE COMAPNY NO PF NO INSURANCE TO STAFF AND LOTS OF DEDUCTION SO BEAWARE BEFORE JOINING FOR ANY THING YOU ARE LIABLE .

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 31 Jul 2024

1.0
 for  Salary and Benefits

Likes

As soon as possible muthoot mercantile should be closed

Dislikes

Salary not proper,salary slip not get,management worst people,HR not responsible,salary not get time..muthoot mercantile branch plz visit u feel ur come to govt death hospital room,TA/DA not proper..whenever visit to staff plz watch them face..sad & nervous..don't join muthoot mercantile.plz join swiggy,zomato better then muthoot mercantile

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  • Salary - Bad
  • +6 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 13 Mar 2024

1.0
 for  Salary and Benefits

Likes

No thing, everything is Worst

Dislikes

Bad experience, No PF deduction, Every month Salary God deduction without any reason and eny explanation, No Job security, Company not have any Ethics and rules like Corporate, Worst experience of my life.

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  • Salary - Bad
  • +6 more

Gold Loan Department

1.0
  •  posted on 29 Jul 2020

1.0
 for  Salary and Benefits

Likes

they are not supporting there employees . they not pay any amount during lockdown period .they are not trust there employees . if any fraud happen in any branch by other person they are recover money from there employees and after recover money they are terminated the all staff . employee prove that yourself as a inocent person but employer are not listening to employee.

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Dislikes

unprofessional work type. not pay office expense many office expenses pay by himself . if any miscound found they not investigating that what is incident happen they are not supporting there staff and terminated the staff. they are not give to time to explain yourself and prove yourself even after termination they are not pickup your phone call and not reply your mail .

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  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 16 Oct 2024

4.0
 for  Salary and Benefits

Likes

Good working atmosphere and very good work culture. We have a very dynamic and flamboyant MD and we have full faith and belief in the Management. There is not much pressure compared to Banks. I have worked in Banks for 22 years. Get good exposure and job satisfaction.

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  • Salary - Good
  • +6 more

Dislikes

Nothing in particular as such. Need little more support and coordination from Head Office. Need vendor approvals etc on time. Not got TA, but I am sure things will be sorted out. Overall a Wonderful Place to Work. Good work life balance too.

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Muthoot Mercantile Branch Manager Salary FAQs

What is the salary of Branch Manager at Muthoot Mercantile?
Branch Manager salary at Muthoot Mercantile in India ranges between ₹2.2 Lakhs to ₹4.9 Lakhs for experience between 4 years to 13 years. According to our estimates it is 61% less than the average Branch Manager Salary in India. Salary estimates are based on 94 latest salaries received from various employees of Muthoot Mercantile India.
How does the salary of a Branch Manager at Muthoot Mercantile India compare with the average salary range for this job?
The average salary of a Branch Manager at Muthoot Mercantile is 61% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Branch Manager at Muthoot Mercantile?
Branch Management, Branch Operations, Gold Loan, Branch Sales and Customer Service are some of the popular skills required to work as a Branch Manager at Muthoot Mercantile India.
Which similar companies are paying more than Muthoot Mercantile to a Branch Manager in India?
  • Kotak Mahindra Bank Branch Manager Salary - ₹7.0 Lakhs to ₹25.6 Lakhs per year
  • IDFC FIRST Bank Branch Manager Salary - ₹6.1 Lakhs to ₹26.0 Lakhs per year
  • South Indian Bank Branch Manager Salary - ₹8.0 Lakhs to ₹19.0 Lakhs per year
  • Axis Bank Branch Manager Salary - ₹6.2 Lakhs to ₹23.5 Lakhs per year
  • HDFC Bank Branch Manager Salary - ₹6.5 Lakhs to ₹23.0 Lakhs per year
What is the salary of a Branch Manager in companies similar to Muthoot Mercantile in India?
  • IndusInd Bank Branch Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
  • Yes Bank Branch Manager Salary - ₹6.0 Lakhs to ₹22.7 Lakhs per year
  • Karur Vysya Bank Branch Manager Salary - ₹7.0 Lakhs to ₹19.0 Lakhs per year
  • Federal Bank Branch Manager Salary - ₹8.1 Lakhs to ₹22.0 Lakhs per year
  • ICICI Bank Branch Manager Salary - ₹5.4 Lakhs to ₹23.0 Lakhs per year
What is the estimated take home salary of a Branch Manager at Muthoot Mercantile in India?
The estimated take-home salary of a Branch Manager at Muthoot Mercantile ranges between ₹26,165 per month to ₹27,586 per month in India. The take-home salary calculation is based on the average Muthoot Mercantile Branch Manager salary in India which ranges between ₹2.2 Lakhs to ₹4.9 Lakhs per year for employees with experience between 4 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Muthoot Mercantile?
According to AmbitionBox, 55% of the Muthoot Mercantile Branch Managers reported a notice period of 3 Months, 35% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 77 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Muthoot Mercantile Branch Manager salary in India ranges between ₹2.2 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 94 Muthoot Mercantile latest salaries received from various employees of Muthoot Mercantile.