On this new year the Muthoot Finance announced Fixed Deposit via its NCD for 2017. The interest rates starts from 8.25% to 9.25% for annual and double benefits scheme. In today market, the rates of interest offered by the Nationalized and Private Sectors Banks are very low and hardly provide 7.25%. In this case the Muthoot Finance NCD launched in 2017 looks attractive.
Fixed Deposit Non-Cumulative Scheme
|Period||Minimum amount(Rs)||Rate of Interest(Monthly)||Rate of Interest|
|2 years||1,000||8.75 %||9.00 %|
|3 years||1,000||9.00 %||9.25 %|
|5 years||1,000||9.00 %||9.25 %|
|96 Months (Unsecured)||1,000||Not Applicable||9.06 %|
Please note that the double scheme that is also known as 96 months fixed deposit of Muthoot Fianance are not secured as this itself mentioned in the NCD. Non-Cumulative means, if you opted for monthly interest payout.
Fixed Deposit Maturity (Annual cumulative) Scheme
|Period||Minimum amount(Rs)||Rate of Interest|
|400 days||1,000||8.25 %|
|1 year 6 months||1,000||8.50 %|
|2 years||1,000||8.75 %|
|3 years||1,000||9.00 %|
Overall the Annual Cumulative schemes are much more reliable. Private sectors FD schemes like Bajaj Finance fd schemes also offer nearly 8.05% interest rates. If you have any doubt or any queries then you can always get in touch with the customer support, details are provided below.
MUTHOOT CAPITAL SERVICES LIMITED Head Office Address
Located at 3rd Floor, Muthoot Towers
Area: M.G Road
State : Kerela
Pin code: 682035
Contact No.- Office No: 0484-6619600
Email id: [email protected]
If you are interested to invest in the Muthoot Finance NCD then can reach to the nearest branch or invest directly from your trading account.
For more information kindly get in touch with Muthoot Finance Customer care that is available 24 hours.