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what is the current interest rate for fixed deposit in Muthoot banks in Mumbai
Asked by Julia -
2 years ago
Muthoot Finance is a non banking financial institution (NBFC), not a bank. Banks and NBFCs are different entities.
Muthoot Finance provides gold loans to people. It does not offer any product similar to bank fixed deposits.
May be you are talking about the non convertible debentures (NCDs) issued by the company. The company mandates a minimum application of Rs.5000 in the company (which will buy 5 NCDs).
Based upon the tenor of these NCDs, the interest rates vary from 13% to 13.45%.
2 years ago - By Rajeev Gupta