Muthoot Microfin State Head Salaries by 3 Employees (Updated 2025)

11 - 23 years exp.

₹10 Lakhs - ₹21 Lakhs

Low Confidence

Salary of majority employees

10% less than the average State Head Salary in NBFC Companies for 11 - 23 years of experience

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Last Updated: 1 Mar 2025

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Shriram Finance State Head Salary 12 - 23 years exp. (8 salaries)	₹13 L/yr - ₹22.2 L/yr 35% more
Muthoot Fincorp State Head Salary 12 - 19 years exp. (6 salaries)	₹10.4 L/yr - ₹20.5 L/yr 11% more
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Muthoot Finance State Head Salary 15 - 20 years exp. (6 salaries)	₹12 L/yr - ₹20 L/yr 18% more
IIFL Finance State Head Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹13.5 L/yr 7% less
Manappuram Finance State Head Salary 15 - 20 years exp. (5 salaries)	₹13.2 L/yr - ₹15 L/yr 4% less
Bajaj Finance State Head Salary 12 - 14 years exp. (5 salaries)	₹16.6 L/yr - ₹23.5 L/yr 35% more

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State Head salary at Muthoot Microfin ranges between ₹10 Lakhs to ₹21 Lakhs per year for employees with experience between 11 years to 23 years. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin State Head salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
12 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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15+ years (AmbitionBox Estimate)	₹18.9 L/yr - ₹24.2 L/yr

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Top skills at Muthoot Microfin for State Head

Pivot Table Interpersonal Skills Analytical skills Collections Microfinance Debt Management Team Management NBFC Collection Management Process Management Banking Advanced Excel MIS Debt Recovery Agency Channel

Salary related reviews for Muthoot Microfin

4.0

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.

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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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Muthoot Microfin State Head Salary FAQs

What is the notice period for State Head at Muthoot Microfin?

According to AmbitionBox, 100% of the Muthoot Microfin State Heads reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Microfin State Head Salaries

Muthoot Microfin State Head salary in India ranges between ₹10 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.