Muthoot Microfin Software Developer Salaries by 5 Employees (Updated 2025)

0 - 4 years exp.

₹1.6 Lakh - ₹8 Lakhs

Low Confidence

Salary of majority employees

29% less than the average Software Developer Salary in NBFC Companies for 0 - 4 years of experience

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Last Updated: 3 Jan 2025

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Muthoot Fincorp Software Developer Salary 1 - 7 years exp. (4 salaries)	₹8 L/yr - ₹14 L/yr 90% more
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Software Developer salary at Muthoot Microfin ranges between ₹1.6 Lakh to ₹8 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 Software Developer salaries

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹8 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr

Similar Designation salaries in Muthoot Microfin

Senior Developer Salary

(AmbitionBox Estimate)

₹10.4 L/yr - ₹13.3 L/yr

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Senior Software Developer Salary

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₹7.2 L/yr - ₹9.2 L/yr

Software Engineer Salary

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Senior Engineer Salary

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₹18.9 L/yr - ₹24.2 L/yr

Senior Software Engineer Salary

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₹8.2 L/yr - ₹10.5 L/yr

Team Lead Salary

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₹2.85 L/yr - ₹3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Top skills at Muthoot Microfin for Software Developer

Software Development IT Information Technology Software Software Testing MCA SQL Server Database Design Software Support .Net MVC Angular B.Tech Web Services IT Support

Salary related reviews for Muthoot Microfin

1.3

Rated by 2 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.

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.

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

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

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Muthoot Microfin Software Developer Salary FAQs

What is the salary of Software Developer at Muthoot Microfin?

Software Developer salary at Muthoot Microfin in India ranges between ₹1.6 Lakhs to ₹8.0 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 29% less than the average Software Developer 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 Software Developer at Muthoot Microfin India compare with the average salary range for this job?

The average salary of a Software Developer at Muthoot Microfin is 29% less than the average salary of a Software Developer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Software Developer at Muthoot Microfin?

Software Development, IT, Information Technology, Software and Software Testing are some of the popular skills required to work as a Software Developer at Muthoot Microfin India.

Which similar companies are paying more than Muthoot Microfin to a Software Developer in India?

Utkarsh Small Finance Bank Software Developer Salary - ₹5.0 Lakhs to ₹35.3 Lakhs per year
L&T Finance Software Developer Salary - ₹5.0 Lakhs to ₹26.2 Lakhs per year
Bajaj Finance Software Developer Salary - ₹6.1 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Finance Software Developer Salary - ₹6.0 Lakhs to ₹15.3 Lakhs per year
Home Credit Finance Software Developer Salary - ₹6.0 Lakhs to ₹12.2 Lakhs per year

What is the salary of a Software Developer in companies similar to Muthoot Microfin in India?

Muthoot Fincorp Software Developer Salary - ₹8.0 Lakhs to ₹14.0 Lakhs per year
Tata Motors Finance Software Developer Salary - ₹7.0 Lakhs to ₹17.2 Lakhs per year
Bharat Financial Inclusion Software Developer Salary - ₹4.8 Lakhs to ₹13.0 Lakhs per year
IDFC FIRST Bharat Software Developer Salary - ₹7.0 Lakhs to ₹8.5 Lakhs per year
IIFL Finance Software Developer Salary - ₹3.3 Lakhs to ₹12.4 Lakhs per year

What is the estimated take home salary of a Software Developer at Muthoot Microfin in India?

The estimated take-home salary of a Software Developer at Muthoot Microfin ranges between ₹42,294 per month to ₹43,425 per month in India. The take-home salary calculation is based on the average Muthoot Microfin Software Developer salary in India which ranges between ₹1.6 Lakhs to ₹8.0 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 Software Developer at Muthoot Microfin?

According to AmbitionBox, 67% of the Muthoot Microfin Software Developers reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Microfin Software Developer Salaries

Muthoot Microfin Software Developer salary in India ranges between ₹1.6 Lakh to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.