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what is the current interest rate for fixed deposit in Muthoot banks in Mumbai
In Fixed Deposits  -  Asked by Julia -  1 year ago

Best Answer:
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%.
1 year ago - By Rajeev Gupta

Other Answers (1)
Answer 1.
Do you mean Muthoot Finance's NCD rates. Currently, they are being offered for 13% for 24 months; 13.25% for 36 and 60 months and 13.43% for 66 months.
1 year ago - By Shyam Verma
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