Fixed Deposit Details
Bank Name
Muthoot Capital Services
Eligibility
Resident Individuals
Interest Rate
7.40 to 9.00% per annum.
Tenure
1- 5 Years
Fixed Deposit Type
Regular
Scheme B FD
Tax Benefits
Offered only on FDs whose lock-in period is of 5 years.
Credit Ratings
[ICRA]A+
Interest Payment Frequency
Annual Interest 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
- Competitive Interest Rates
- Regular Interest Payouts
- Flexibility in Tenure
- Safe and Secure
- Meager minimum deposit amount
Cons
- Early Withdrawal Penalty
- Not Tax-Saving
Pros & Cons
How to Open?
- Visit the Muthoot Capital website: [muthoot capital fixed deposit ON Muthoot Capital muthootcap.com]
- Click on " Apply Now " button on the top right corner of the page.
- Enter your name, email ID, and mobile number.
- A One-Time Password (OTP) will be sent to your mobile number. Enter the OTP.
- Enter the captcha code and click on " Continue ".
- Fill out the application form with details like investment amount, tenure, etc.
- Make sure all the details are correct before submitting the form.
- You can make the deposit payment either by cheque or demand draft drawn on a scheduled bank and payable at Kochi. The cheque/demand draft should be addressed in favor of "Muthoot Capital Services" and marked "A/C PAYEE ONLY".
Product Review
About this content
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