Fixed Deposit Details
Bank Name
Muthoot Capital Services
Eligibility
Resident Individuals
Interest Rate
7.16 to 7.49% per annum.
Tenure
1- 5 Years
Fixed Deposit Type
Regular
Scheme A Fixed Deposit
Tax Benefits
No
Credit Ratings
[ICRA]A+
Interest Payment Frequency
Monthly Plan. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Non Cumulative
Features
Minimum deposit amount: Rs. 1,000 Tenure: 1 year – 5 years Renewal facility is available on maturity date Loan against FD: Available Can be held jointly (max. 3 applicants)
Minimum Investment Amount
Rs. 1000
Features & Benefits
Pros
Provides high interest
Flexible Tenure
Safe and Secure
Provides loan against FD
Cons
Early withdrawal penalties
No-tax saving
Pros & Cons
Account Opening Procedure
How to Open?
Visit the Muthoot Capital Fixed Deposits page [muthoot capital fixed deposit ON Muthoot Capital muthootcap.com].
Click on the "Apply Now" button on the top right corner.
Enter your name, email ID, and mobile number.
An OTP (One-Time Password) will be sent to your phone for verification. Enter the OTP.
Fill out the application form with details like your preferred deposit amount and tenure.
You can choose your mode of payment - cheque or demand draft. (Ensure it's drawn on a scheduled bank and payable at Kochi, favoring "Muthoot Capital Services A/C PAYEE ONLY").
Submit the application.
Application Procedure
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