Muthoot Microfin Banking Officer Salaries by 4 Employees (Updated 2025)

0 - 3 years exp.

₹3 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

19% less than the average Banking Officer Salary in NBFC Companies for 0 - 3 years of experience

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Last Updated: 18 Feb 2025

Companies similar to Muthoot Microfin for Banking Officer

Company name	Avg Annual Salary	Open Jobs
Bharat Financial Inclusion Banking Officer Salary 1 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹2.8 L/yr 32% less
Ujjivan Financial Services Banking Officer Salary 0 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹3.5 L/yr 20% less	1 job opening
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Satin Creditcare Network Banking Officer Salary 2 - 9 years exp. (4 salaries)	₹2.5 L/yr - ₹2.8 L/yr 17% less
Spandana Sphoorty Financial Banking Officer Salary 1 - 3 years exp. (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr 33% less
Equitas Small Finance Bank Banking Officer Salary 1 - 6 years exp. (34 salaries)	₹1.6 L/yr - ₹5 L/yr 13% less	1 job opening
Jana Small Finance Bank Banking Officer Salary 1 - 5 years exp. (59 salaries)	₹1 L/yr - ₹3.6 L/yr 29% less
Utkarsh Small Finance Bank Banking Officer Salary 0 - 6 years exp. (46 salaries)	₹1.5 L/yr - ₹4.1 L/yr 16% less
HDB Financial Services Banking Officer Salary 0 - 6 years exp. (157 salaries)	₹1.2 L/yr - ₹4 L/yr 24% less
Manappuram Finance Banking Officer Salary 0 - 8 years exp. (13 salaries)	₹1.9 L/yr - ₹6 L/yr 12% more
Muthoot Finance Banking Officer Salary 1 - 5 years exp. (9 salaries)	₹1.2 L/yr - ₹4 L/yr 30% less
IIFL Finance Banking Officer Salary 1 - 5 years exp. (6 salaries)	₹2 L/yr - ₹4.5 L/yr 5% less
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Aye Finance Banking Officer Salary 2 - 5 years exp. (5 salaries)	₹2.9 L/yr - ₹3 L/yr 8% less
Shriram Finance Banking Officer Salary 0 - 4 years exp. (6 salaries)	₹1.8 L/yr - ₹4 L/yr 14% less
Bajaj Finance Banking Officer Salary 1 - 6 years exp. (5 salaries)	₹2.8 L/yr - ₹3.7 L/yr 9% more
SMFG India Credit Banking Officer Salary 0 - 4 years exp. (5 salaries)	₹1.9 L/yr - ₹2.8 L/yr 25% less
TVS Credit Banking Officer Salary 1 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹2.7 L/yr 24% less
SK Finance Limited Banking Officer Salary 2 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹2 L/yr 43% less
L&T Finance Banking Officer Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3.1 L/yr 24% less

Banking Officer salary at Muthoot Microfin ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Banking Officer salaries

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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2 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.6 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3 L/yr

Similar Designation salaries in Muthoot Microfin

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Management Trainee Salary

(5 salaries)

₹4 L/yr - ₹6.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Deputy Manager Salary

(35 salaries)

₹2.9 L/yr - ₹6 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Financial Analyst Salary

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₹1.4 L/yr - ₹1.7 L/yr

Finance Executive Salary

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Accountant Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Team Lead Salary

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₹2.85 L/yr - ₹3.31 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹31.5 L/yr - ₹40.3 L/yr

Salary related reviews for Muthoot Microfin

3.0

Rated by 1 employees for salary & benefits

Manager in Sangli

Full Time

Human Resources Department

5.0

• posted on 12 Sep 2023

5.0

for Salary and Benefits

Likes

All aspects are very good for an employee. Training, Recruitment process, salary, promotions, incentives, increments all are best in the industry.

Salary - Excellent

+6 more

Dislikes

My reporting persons behaviour was not good. Nothing else.

Branch Relationship Manager Operation in Bijnor

Full Time

Sales & Business Development Department

4.0

• posted on 29 Dec 2024

4.0

for Salary and Benefits

Likes

...bout here, I am not enjoying working here much because I am new to this Company. The branches of Muthoot are very good Promotions also happen on time and salary is also paid on time And Incentive is also given according to the work That's all for now. Thank you.

Salary - Good

+3 more

Dislikes

I don't like the culture here and the timing is also not right The seniors get the work done by opening the branch even on Saturdays and Sundays.If the target given to the staff is not completed then they are mentally tortured I will do it, however HR has told me that I will get leave on Saturday and Sunday, I don't like it but the company is very good

Work satisfaction - Poor

Senior Relationship Officer in Berhampur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 21 Jun 2023

1.0

for Salary and Benefits

Likes

I am a ex-employee Management department very bad... I have left this organization 11month complete....but till now not done my settlement This company without intimation remove the employee Very bad management

Dislikes

All.... Salary Behavior Career growth Secure job.. All parameter and management very bad

Salary - Bad

+5 more

Credit Executive in Near Mushi Pulia Metro Station, Lucknow

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 15 Dec 2022

1.0

for Salary and Benefits

Likes

Good working culture Supportive staff Good Infrastructure Good for freshers

Job security - Good

+2 more

Dislikes

...Department pressurise to Work on holidays in credit department and operations Salary not as satisfied atleast company need to provide 15k in hand salary to fresher in Credit department.

Salary - Bad

+2 more

Relationship Officer (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Feb 2023

3.0

for Salary and Benefits

Likes

MUTHOOT MICROFIN LTD good company and policy customer satisfaction. Then different types of loans good company

Skill development - Good

+2 more

Dislikes

MUTHOOT MICROFIN LTD 2 years 6 month working not hike salary and promotion nill so small dislikes

Promotions - Bad

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Muthoot Microfin Banking Officer Salary FAQs

What is the salary of Banking Officer at Muthoot Microfin ?

The average salary of a Banking Officer at Muthoot Microfin in India typically ranges from ₹3.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Banking Officer at Muthoot Microfin earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Banking Officer Salaries at Muthoot Microfin 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 4 Muthoot Microfin employees in India.

What is the estimated take home salary of a Banking Officer at Muthoot Microfin in India?

The estimated take-home salary of a Banking Officer at Muthoot Microfin in India typically ranges from ₹23,226 to ₹24,692 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 4 salaries received from various employees of Muthoot Microfin. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Microfin for Banking Officer in India?

Manappuram Finance	₹1.9 Lakhs to ₹6.0 Lakhs per year
Bajaj Finance	₹2.8 Lakhs to ₹3.7 Lakhs per year

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

What is the salary of a Banking Officer in companies similar to Muthoot Microfin in India?

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

IIFL Finance	₹2.0 Lakhs to ₹4.5 Lakhs per year
Aye Finance	₹2.9 Lakhs to ₹3.0 Lakhs per year
Equitas Small Finance Bank	₹1.6 Lakhs to ₹5.0 Lakhs per year
Shriram Finance	₹1.8 Lakhs to ₹4.0 Lakhs per year
Utkarsh Small Finance Bank	₹1.5 Lakhs to ₹4.1 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 Banking Officer at Muthoot Microfin in India?

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

Experience	Average Salary Range
Fresher	₹1.4 Lakhs to ₹3.5 Lakhs per year
1 year	₹3.0 Lakhs to ₹3.8 Lakhs per year
2 years	₹3.0 Lakhs to ₹5.6 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.0 Lakhs per year

and so on.

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Muthoot Microfin Banking Officer Salaries

Muthoot Microfin Banking Officer salary in India ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.