Muthoot Microfin Relationship Manager Salaries by 5 Employees (Updated 2024)

0 - 4 years exp.

₹1.2 Lakh - ₹2.4 Lakhs

Low Confidence

Salary of majority employees

54% less than the average Relationship Manager Salary in NBFC Companies for 0 - 4 years of experience

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Last Updated: 17 Mar 2023

Companies similar to Muthoot Microfin for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
Bharat Financial Inclusion Relationship Manager Salary 0 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹3.5 L/yr 13% more
Satin Creditcare Network Relationship Manager Salary 3 - 5 years exp. (6 salaries)	₹3 L/yr - ₹4 L/yr 43% more
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Spandana Sphoorty Financial Relationship Manager Salary 2 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr 1% more
Equitas Small Finance Bank Relationship Manager Salary 0 - 8 years exp. (340 salaries)	₹1 L/yr - ₹8.1 L/yr 44% more	20 job openings
Jana Small Finance Bank Relationship Manager Salary 0 - 11 years exp. (463 salaries)	₹1.3 L/yr - ₹7.5 L/yr 73% more
Svatantra Microfin Relationship Manager Salary 1 - 3 years exp. (4 salaries)	₹1.6 L/yr - ₹3 L/yr 1% more
Annapurna Finance Relationship Manager Salary 1 - 6 years exp. (9 salaries)	₹2.3 L/yr - ₹4.7 L/yr 35% more
Utkarsh Small Finance Bank Relationship Manager Salary 2 - 9 years exp. (131 salaries)	₹2 L/yr - ₹8.5 L/yr 109% more
HDB Financial Services Relationship Manager Salary 0 - 8 years exp. (1.4k salaries)	₹1 L/yr - ₹4.5 L/yr 29% more	2 job openings
IIFL Finance Relationship Manager Salary 1 - 8 years exp. (448 salaries)	₹1.2 L/yr - ₹6.2 L/yr 40% more
Aditya Birla Finance Relationship Manager Salary 0 - 9 years exp. (291 salaries)	₹2.5 L/yr - ₹9.5 L/yr 113% more
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IDFC FIRST Bharat Relationship Manager Salary 0 - 6 years exp. (161 salaries)	₹1.7 L/yr - ₹6.2 L/yr 12% more
Shriram Finance Relationship Manager Salary 0 - 6 years exp. (138 salaries)	₹1.8 L/yr - ₹6 L/yr 40% more
IIFL SAMASTA Relationship Manager Salary 2 - 9 years exp. (101 salaries)	₹2 L/yr - ₹4.2 L/yr 39% more
Mahindra Finance Relationship Manager Salary 0 - 10 years exp. (101 salaries)	₹2.2 L/yr - ₹6 L/yr 72% more	1 job opening
SMFG India Credit Relationship Manager Salary 1 - 10 years exp. (95 salaries)	₹2 L/yr - ₹6.3 L/yr 83% more	1 job opening
L&T Finance Relationship Manager Salary 1 - 8 years exp. (63 salaries)	₹2.4 L/yr - ₹11.2 L/yr 174% more
Bajaj Finance Relationship Manager Salary 0 - 9 years exp. (91 salaries)	₹1.6 L/yr - ₹6.2 L/yr 81% more
Mahindra Rural Housing Finance Relationship Manager Salary 0 - 5 years exp. (47 salaries)	₹2.5 L/yr - ₹4.4 L/yr 50% more
Muthoot Fincorp Relationship Manager Salary 1 - 9 years exp. (44 salaries)	₹2.2 L/yr - ₹4.5 L/yr 40% more	2 job openings

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Relationship Manager salary at Muthoot Microfin ranges between ₹1.2 Lakh to ₹2.4 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Relationship Manager salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹4.1 L/yr
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2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹4.3 L/yr

Similar Designation salaries in Muthoot Microfin

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(31 salaries)

₹5 L/yr - ₹10 L/yr

Branch Manager Salary

(105 salaries)

₹2 L/yr - ₹4.5 L/yr

Store Manager Salary

(4 salaries)

₹30.6 L/yr - ₹46 L/yr

Deputy Manager Salary

(25 salaries)

₹2.9 L/yr - ₹7.68 L/yr

Sales Manager Salary

(6 salaries)

₹1.84 L/yr - ₹3.19 L/yr

Area Sales Manager Salary

(3 salaries)

₹4 L/yr - ₹6.5 L/yr

Area Manager Salary

(54 salaries)

₹2.15 L/yr - ₹5.4 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Sales Officer Salary

(4 salaries)

₹2.4 L/yr - ₹3 L/yr

Team Lead Salary

(4 salaries)

₹2.85 L/yr - ₹3 L/yr

Salary related reviews for Muthoot Microfin

4.3

Rated by 6 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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Muthoot Microfin?

Relationship Manager salary at Muthoot Microfin in India ranges between ₹1.2 Lakhs to ₹2.4 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 54% less than the average Relationship Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Microfin India.

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

The average salary of a Relationship Manager at Muthoot Microfin is 54% less than the average salary of a Relationship Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Microfin to a Relationship Manager in India?

Tata Motors Finance Relationship Manager Salary - ₹5.9 Lakhs to ₹17.2 Lakhs per year
L&T Finance Relationship Manager Salary - ₹2.4 Lakhs to ₹11.2 Lakhs per year
TVS Credit Relationship Manager Salary - ₹2.5 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Finance Relationship Manager Salary - ₹2.5 Lakhs to ₹9.5 Lakhs per year
Utkarsh Small Finance Bank Relationship Manager Salary - ₹2.0 Lakhs to ₹8.5 Lakhs per year

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

Home Credit Finance Relationship Manager Salary - ₹2.6 Lakhs to ₹7.7 Lakhs per year
SMFG India Credit Relationship Manager Salary - ₹2.0 Lakhs to ₹6.3 Lakhs per year
Bajaj Finance Relationship Manager Salary - ₹1.6 Lakhs to ₹6.2 Lakhs per year
Arohan Financial Services Relationship Manager Salary - ₹2.5 Lakhs to ₹4.5 Lakhs per year
Jana Small Finance Bank Relationship Manager Salary - ₹1.3 Lakhs to ₹7.5 Lakhs per year

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

The estimated take-home salary of a Relationship Manager at Muthoot Microfin ranges between ₹16,073 per month to ₹17,733 per month in India. The take-home salary calculation is based on the average Muthoot Microfin Relationship Manager salary in India which ranges between ₹1.2 Lakhs to ₹2.4 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Relationship Manager at Muthoot Microfin?

According to AmbitionBox, 50% of the Muthoot Microfin Relationship Managers reported a notice period of 1 Month, 43% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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Muthoot Microfin Relationship Manager Salaries

Muthoot Microfin Relationship Manager salary in India ranges between ₹1.2 Lakh to ₹2.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.