Muthoot Fincorp Senior Payroll Executive Salaries by 3 Employees (Updated 2025)

8 - 10 years exp.

₹4.3 Lakhs - ₹5.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

Senior Payroll Executive Salary at Muthoot Fincorp ranges between ₹4.3 Lakhs to ₹5.5 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 3 latest salaries received... Read more

At par with the average Senior Payroll Executive Salary in NBFC Companies for 8 - 10 years of experience

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Last Updated: 10 May 2025

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Years of experience	Avg. annual salary
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr

Similar Designation Salaries at Muthoot Fincorp

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Finance Executive Salary (29 salaries)	₹1.3 L/yr - ₹3.3 L/yr
Sales Executive Salary (104 salaries)	₹1.4 L/yr - ₹3.5 L/yr
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Administration Executive Salary (3 salaries)	₹1.2 L/yr - ₹3.1 L/yr
Senior Associate Salary (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
Senior Process Associate Salary (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
Payroll Officer Salary (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
Senior Analyst Salary (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
Analyst Salary (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
Team Lead Salary (4 salaries)	₹1.8 L/yr - ₹3.2 L/yr
Accountant Salary (17 salaries)	₹1.4 L/yr - ₹4.5 L/yr

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Salary Discussions, Hike & Promotions

an executive

The day I found out my colleague earns 30% more for the same role

It was an accidental slip. A teammate mentioned her CTC while we were chatting casually. Same designation, same team, joined after me but her salary was almost 30% more. My stomach dropped. I spent days debating whether to bring it up. I didn’t want to come off as insecure or difficult. But I also couldn’t un-know what I knew. Eventually, I had an honest, data-backed conversation with my manager. Turns out, I was right and they revised my pay. It wasn’t easy, but it taught me this: silence doesn’t protect you. Companies run on numbers. If you don’t negotiate, you leave money on the table. Have you ever been in a similar spot? How did you navigate it?

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Salary related reviews for Muthoot Fincorp

Sales Executive in New Delhi

Other Department

4.0

• updated on 20 Apr 2022

5.0

for Salary and Benefits

Likes

Good work experience. Teammates are supportive but seniors are not supportive including HR department. Company policies are good appraisal are not fair they give but very long time.

Salary - Excellent

+3 more

Dislikes

There is a lot of politics this is true. Management doesn't intrested our issues. Salary and career not growth in this company.

Job security - Poor

+1 more

Sales Executive in New Delhi

Other Department

5.0

• updated on 26 Mar 2021

5.0

for Salary and Benefits

Likes

Yes Good work environment and culture. Teammates are supportive and the management is transparent. There is a huge cafeteria and gaming arcade for chilling.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Finance Executive in Nagpur

Finance & Accounting Department

4.0

• updated on 29 May 2020

3.0

for Salary and Benefits

Likes

I have working last 1 and half year with Muthoot Fincorp LTd. my work experience better and joy full all Manager are saporting me on field work.

Skill development - Good

+2 more

Dislikes

In lockdown Company deducted salary and push on Fild work in corona Covid 19 condition

Job security - Poor

+1 more

Senior Internal Auditor in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

3.0

• updated on 11 Apr 2025

1.0

for Salary and Benefits

Likes

Timely salary payment and Job stability. Paid salary during covid. Good Training Dept

Job security - Good

Dislikes

Poor salary, Hike and promotions, Never listen to Employees, No value to vintage employees. No recognition. No value to field level employees only listen managerial level. Inaccurate annual performance review.

Salary - Bad

+3 more

Senior Executive in Goa

Full Time

BFSI, Investments & Trading Department

1.0

• updated on 06 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... 3months.. you work there n within 3months you search for another organisation.. they offer lowest salary in the market.. and on top of it you'll have to serve 2months or 3months resignation period and after that also they will not provide you ur reliving letter n even your full n final settlement will not happen.. they take year to do Full and final settlement.. I was the employee here after 2 years I gave resignation fir better opportunity but m lacking behind only because I don't have reliving letter.. even after 4 months and tones of followups with them they arey not giving me my reliving letter and my salary.. so think before you join.. here no one will help you manager area manager regional manager no one.. worst company it is.. u better seat home rather you join in muthoot Fincorp.. if you join you will regret it till your alive mark my words.. they are totally unprofessional and behave rediculous.. THINK BEFOR YOU JOIN MUTHOOT FINCORP LTD

Salary - Bad

+6 more

see more salary related reviews

Muthoot Fincorp Senior Payroll Executive Salary FAQs

How the salary growth look like for a Senior Payroll Executive at Muthoot Fincorp in India?

The salary growth for a Senior Payroll Executive at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Senior Payroll Executive can expect the following growth trajectory at Muthoot Fincorp:

Experience	Average Salary Range
8 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
9 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
10 years	₹4.3 Lakhs to ₹5.5 Lakhs per year

and so on.

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Muthoot Fincorp Senior Payroll Executive Salaries

Muthoot Fincorp Senior Payroll Executive salary in India ranges between ₹4.3 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.