Muthoot Microfin Branch Manager 1 Salaries by 4 Employees (Updated 2024)

2 - 6 years exp.

₹2.5 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Branch Manager 1 Salary in NBFC Companies for 2 - 6 years of experience

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Salaries in different departments

Finance & Accounting Branch Manager 1 Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.5 L/yr
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BFSI, Investments & Trading Branch Manager 1 Salary 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 19 Sep 2024

Companies similar to Muthoot Microfin for Branch Manager 1

Company name	Avg Annual Salary	Open Jobs
Bharat Financial Inclusion Branch Manager 1 Salary 4 - 13 years exp. (5 salaries)	₹2.8 L/yr - ₹4.5 L/yr 11% more
Satin Creditcare Network Branch Manager 1 Salary 2 - 8 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 11% more
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Spandana Sphoorty Financial Branch Manager 1 Salary 1 - 6 years exp. (6 salaries)	₹1.8 L/yr - ₹4.2 L/yr 7% less
Jana Small Finance Bank Branch Manager 1 Salary 11 - 14 years exp. (6 salaries)	₹7.6 L/yr - ₹10 L/yr 155% more
Svatantra Microfin Branch Manager 1 Salary 4 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹3.9 L/yr 6% less
Annapurna Finance Branch Manager 1 Salary 5 - 7 years exp. (5 salaries)	₹2.7 L/yr - ₹3.9 L/yr 3% more
CreditAccess Grameen Branch Manager 1 Salary 6 - 9 years exp. (4 salaries)	₹3.6 L/yr - ₹8.6 L/yr 53% more
Utkarsh Small Finance Bank Branch Manager 1 Salary 2 - 7 years exp. (4 salaries)	₹2.9 L/yr - ₹4.5 L/yr 19% more
IIFL Finance Branch Manager 1 Salary 0 - 12 years exp. (26 salaries)	₹4 L/yr - ₹6.5 L/yr 57% more
Muthoot Finance Branch Manager 1 Salary 4 - 12 years exp. (22 salaries)	₹3.4 L/yr - ₹5.8 L/yr 41% more
Muthoot Fincorp Branch Manager 1 Salary 4 - 15 years exp. (18 salaries)	₹3 L/yr - ₹5 L/yr 31% more
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Manappuram Finance Branch Manager 1 Salary 2 - 5 years exp. (8 salaries)	₹2.4 L/yr - ₹4.3 L/yr 3% less
IIFL SAMASTA Branch Manager 1 Salary 2 - 7 years exp. (6 salaries)	₹2.6 L/yr - ₹5.6 L/yr 15% more
Bajaj Finance Branch Manager 1 Salary 2 - 10 years exp. (5 salaries)	₹3.6 L/yr - ₹6.5 L/yr 61% more
SMFG India Credit Branch Manager 1 Salary 10 - 16 years exp. (5 salaries)	₹4.2 L/yr - ₹8.4 L/yr 109% more
L&T Finance Branch Manager 1 Salary 3 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr 28% more
Fusion Microfinance Branch Manager 1 Salary 3 - 8 years exp. (3 salaries)	₹2.9 L/yr - ₹4 L/yr 10% more
Mahindra Rural Housing Finance Branch Manager 1 Salary 5 - 14 years exp. (3 salaries)	₹4.1 L/yr - ₹5.3 L/yr 42% more
HDB Financial Services Branch Manager 1 Salary 3 - 6 years exp. (3 salaries)	₹6.1 L/yr - ₹8.3 L/yr 146% more

Branch Manager 1 salary at Muthoot Microfin ranges between ₹2.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Branch Manager 1 salaries

Last Updated: 19 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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4 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Similar Designation salaries in Muthoot Microfin

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Area Manager Salary

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₹2.15 L/yr - ₹5.55 L/yr

Credit Manager Salary

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₹2 L/yr - ₹2.88 L/yr

Sales Manager Salary

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₹1.84 L/yr - ₹3.19 L/yr

Branch Head Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Deputy Manager Salary

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₹2.9 L/yr - ₹7.68 L/yr

Chief Manager Salary

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₹8.4 L/yr - ₹19 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Senior Branch Manager Salary

(4 salaries)

₹3 L/yr - ₹4 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for Muthoot Microfin

5.0

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.

Dislikes

My reporting persons behaviour was not good. Nothing else.

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

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

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.

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

Dislikes

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

Relationship Officer in Aluva

Operations Department

4.0

• posted on 21 May 2022

3.0

for Salary and Benefits

Likes

...ironment and culture.Teammates are supportive and the management is transparent.company policies are better and also the salary package is good.

Dislikes

The appraisal were not effective for career growth.the notice period of 90 days is very lagging.

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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 Microfin Branch Manager 1 Salary FAQs

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

Branch Manager 1 salary at Muthoot Microfin in India ranges between ₹2.5 Lakhs to ₹4.5 Lakhs for experience between 2 years to 6 years. According to our estimates it is 43% less than the average Branch Manager 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Microfin India.

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

The average salary of a Branch Manager 1 at Muthoot Microfin is 43% 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 Microfin to a Branch Manager 1 in India?

Jana Small Finance Bank Branch Manager 1 Salary - ₹7.6 Lakhs to ₹10.0 Lakhs per year
HDB Financial Services Branch Manager 1 Salary - ₹6.1 Lakhs to ₹8.3 Lakhs per year
SMFG India Credit Branch Manager 1 Salary - ₹4.2 Lakhs to ₹8.4 Lakhs per year
Bajaj Finance Branch Manager 1 Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
IIFL Finance Branch Manager 1 Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year

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

CreditAccess Grameen Branch Manager 1 Salary - ₹3.6 Lakhs to ₹8.6 Lakhs per year
Mahindra Rural Housing Finance Branch Manager 1 Salary - ₹4.1 Lakhs to ₹5.3 Lakhs per year
Muthoot Finance Branch Manager 1 Salary - ₹3.4 Lakhs to ₹5.8 Lakhs per year
Muthoot Fincorp Branch Manager 1 Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
L&T Finance Branch Manager 1 Salary - ₹3.5 Lakhs to ₹4.8 Lakhs per year

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

The estimated take-home salary of a Branch Manager 1 at Muthoot Microfin ranges between ₹23,406 per month to ₹24,868 per month in India. The take-home salary calculation is based on the average Muthoot Microfin Branch Manager 1 salary in India which ranges between ₹2.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Muthoot Microfin Branch Manager 1s reported a notice period of 15 days or less, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Muthoot Microfin Branch Manager 1 Salaries

Muthoot Microfin Branch Manager 1 salary in India ranges between ₹2.5 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.