Muthoot Fincorp Mumbai Branch Manager Salaries by 30+ Employees (Updated 2025)

1 - 16 years exp.

₹2.7 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

Branch Manager Salary at Muthoot Fincorp ranges between ₹2.7 Lakhs to ₹7 Lakhs per year for employees with experience between 1 year to 16 years. Salary estimates are based on 38 latest salaries received from... Read more

56% less than the average Branch Manager Salary in NBFC Companies for 1 - 16 years of experience

Interested in this particular role? 8 job openings

What are the roles & responsibilities of a Branch Manager at Muthoot Fincorp?

Customer Relationship Management

Maintain regular relationships with existing and potential customers
Achieve customer delight through efficient customer service
Retain existing customers and acquire new ones continuously
Identify market trends to aid innovation and meet customer needs

Branch Operations Management

Direct all operational aspects including sales and customer service
Ensure operational adherence to policies and procedures
Manage budget and allocate funds appropriately
Achieve branch targets and ensure profitability

Team Development

Provide training, coaching, and motivation to branch personnel
Ensure proper handholding and timely training of the team
Encourage knowledge sharing for business and career progression
Address customer and employee satisfaction issues promptly

Risk Management and Compliance

Mitigate and prevent risks through early detection of fraud
Adhere to high ethical standards and comply with regulations
Ensure compliance with statutory requirements
Coordinate with departments to ensure smooth branch functioning

Read full roles & responsibilities

Last Updated: 13 Aug 2025

Companies similar to Muthoot Fincorp for Branch Manager in Mumbai

Muthoot Fincorp Branch Manager Salary

1 - 16 years exp. (38 salaries)

₹2.7 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Branch Manager Salary 3 - 15 years exp. (68 salaries)	₹3.4 L/yr - ₹7 L/yr 13% more	1 job opening
HDB Financial Services Branch Manager Salary 7 - 18 years exp. (31 salaries)	₹6.5 L/yr - ₹13 L/yr 108% more	19 job openings
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Bharat Financial Inclusion Branch Manager Salary 3 - 10 years exp. (6 salaries)	₹2.9 L/yr - ₹6 L/yr 15% less
Satin Creditcare Network Branch Manager Salary 5 - 9 years exp. (3 salaries)	₹3 L/yr - ₹4.1 L/yr 26% less
PNB Housing Finance Branch Manager Salary 6 - 10 years exp. (3 salaries)	₹4.7 L/yr - ₹9 L/yr 64% more
Mahindra Finance Branch Manager Salary 8 - 10 years exp. (3 salaries)	₹4.3 L/yr - ₹9 L/yr 26% more	2 job openings

From

Branch Manager

₹

Lakhs/yr

1 - 16 years exp.

Senior Area Manager

₹

Lakhs/yr

11 - 19 years exp.

Branch Manager

1 - 16 years exp.

Senior Branch Manager

6 - 18 years exp.

27% hike

Area Manager

7 - 21 years exp.

34% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Latest annual salaries shared by Muthoot Fincorp Branch Manager in Mumbai

4d ago

₹7 Lakhs

10 years exp.

2w ago

₹6.4 Lakhs

7 years exp.

2w ago

₹5.5 Lakhs

10 years exp.

3w ago

₹5.7 Lakhs

16 years exp.

1mo ago

₹6 Lakhs

7 years exp.

2mo ago

12 years exp.

2mo ago

9 years exp.

2mo ago

5 years exp.

2mo ago

6 years exp.

3mo ago

5 years exp.

Muthoot Fincorp Branch Manager salaries by

Years of experience	Avg. annual salary
1 year (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
2 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
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3 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
4 years (4 salaries)	₹3 L/yr - ₹5 L/yr
5 years (9 salaries)	₹3.5 L/yr - ₹6 L/yr
6 years (8 salaries)	₹2.9 L/yr - ₹7 L/yr
7 years (4 salaries)	₹3.5 L/yr - ₹6.4 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
12 years (4 salaries)	₹2.7 L/yr - ₹5 L/yr
13 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
14 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
15+ years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

View all salaries by experience

Similar Designation Salaries at Muthoot Fincorp

Similar Designation	Avg. annual salary
Branch Incharge Salary (15 salaries)	₹2.1 L/yr - ₹3.5 L/yr
Area Manager Salary (6 salaries)	₹6.6 L/yr - ₹10.1 L/yr
Login to view exact salary
Sales Manager Salary (5 salaries)	₹2.6 L/yr - ₹5.4 L/yr
Deputy Manager Salary (4 salaries)	₹3.3 L/yr - ₹5 L/yr
Senior Branch Manager Salary (3 salaries)	₹4.1 L/yr - ₹6 L/yr

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Muthoot Fincorp Branch Manager Salary FAQs

What is the salary of Branch Manager at Muthoot Fincorp in Mumbai?

The average salary of a Branch Manager at Muthoot Fincorp in Mumbai typically ranges from ₹2.7 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 1 year to 16 years).

The top 10% of Branch Manager in Mumbai at Muthoot Fincorp earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Branch Manager Salaries at Muthoot Fincorp 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 30+ Muthoot Fincorp employees in India.

What is the estimated take home salary of a Branch Manager at Muthoot Fincorp in Mumbai?

The estimated take-home salary of a Branch Manager at Muthoot Fincorp in Mumbai typically ranges from ₹35,985 to ₹37,210 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 1 year to 16 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 30+ salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Branch Manager at Muthoot Fincorp in Mumbai?

To be a Branch Manager at Muthoot Fincorp in Mumbai, the key skills required include:

- Customer Service
- Operations
- Training
- Relationship Building
- Auditing

These skills are highly valued at Muthoot Fincorp and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Fincorp for Branch Manager in India?

HDB Financial Services	₹6.5 Lakhs to ₹13.0 Lakhs per year
PNB Housing Finance	₹4.7 Lakhs to ₹9.0 Lakhs per year
Mahindra Finance	₹4.3 Lakhs to ₹9.0 Lakhs per year
IIFL Finance	₹3.4 Lakhs to ₹7.0 Lakhs per year

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

What is the salary of a Branch Manager in companies similar to Muthoot Fincorp in Mumbai?

The salary of a Branch Manager at companies similar to Muthoot Fincorp in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bharat Financial Inclusion	₹2.9 Lakhs to ₹6.0 Lakhs per year
Satin Creditcare Network	₹3.0 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 Branch Manager at Muthoot Fincorp in Mumbai?

The salary growth for a Branch Manager at Muthoot Fincorp in Mumbai depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Mumbai can expect the following growth trajectory at Muthoot Fincorp:

Experience	Average Salary Range
1 year	₹4.1 Lakhs to ₹5.3 Lakhs per year
2 years	₹4.2 Lakhs to ₹5.3 Lakhs per year
3 years	₹4.2 Lakhs to ₹5.3 Lakhs per year
4 years	₹3.0 Lakhs to ₹5.0 Lakhs per year

and so on.

Top skills at Muthoot Fincorp for Branch Manager

Customer Service Market Analysis Leadership Team Management

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Muthoot Fincorp Branch Manager Salaries in Mumbai

Muthoot Fincorp Branch Manager salary in Mumbai ranges between ₹2.7 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.