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muthoot group fixed deposits scheme
is fixed deposit safe in muthoot group?
In Fixed Deposits  -  Asked by manjit singh -  5 years ago

Best Answer:
5 years ago - By Prashant Borse

Other Answers (2)
Answer 1.
Even though they give a higher interest.
My suggestion is put your life-savings in a nationalized bank/post office - run after the extra 1-2% then you may have to join the queue of the thousands waiting for pvt companies like nagarjuna finance / x finance to repay their hard earned monies.
5 years ago - By Pankaj Gupta
Answer 2.
'Muthoot Group' as such, is not a Company, but is a group consisting of several Companies. Out of these Companies, Muthoot Vehicle & Asset Finance Ltd. is permitted by Reserve Bank of India to accept Fixed Deposits. Muthoot Finance Ltd, the flagship Company of the group, though not accepting Fixed deposits, is accepting investments in Bonds (Secured Non-Convertible Debentures) which is rated high by Credit rating agencies. The rate of interest for both Bonds and Fixed deposits is more than the rates offered by Banks. With a strong asset base and spotless history in timely repayment of deposit / bond with interest, investing money in the Fixed Deposit/Bonds in the Muthoot group companies is a safe option.
5 years ago - By Sebastian P.J.
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