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Muthoot Capital FD Interest Rates

Home Fixed Deposit Muthoot Capital FD Interest Rates

Muthoot Capital offers FD interest rates of 7.21%-8.38% p.a. to the general public and 7.71%-8.88% to the senior citizen depositors on tenures ranging from 1 year to 5 years. This NBFC has been accredited with a credit rating of of A+/Stable by CRISIL. As per CRISIL, 'A' credit rating indicates adequate safety regarding timely payment of interest and principal is satisfactory.

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  • Safe & Secure FD, Insured by RBI

  • No Savings A/c Required

  • FD Starts from Rs 2000

  • Card Limit = 90% of FD

*Rates are subject to change as per the bank's discretion.

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Updated: 20-11-2024 12:35:17 PM

Muthoot Capital FD Interest Rates (p.a.) Highlights 2024
Highest slab rate 8.38% (for 5 years)
For 1 year 7.21%
For 2 year 7.77%
For 3 year 8.07%
For 4 year 7.96%
For 5 year 8.38%
Tax-Saving FD –

The interest rates are updated as of 20 November 2024

Earn 7% p.a. on your FD & Get a lifetime free Step Up Credit Card

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stepup 7%INTEREST ON FD

Credit Rating of Muthoot Capital

Credit Rating Agency Rating Outlook
CRISIL A+ Stable

Muthoot Capital FD Interest Rates 2024

Fixed Deposit Interest Rates on Domestic deposits 

1. Cumulative Deposits (Maturity Plan) (Annual)

Period Interest Rates (% p.a.)
Regular Citizens Senior Citizens
1 year 7.21 7.71
1 year 1 day to 2 years 7.77 8.27
2 years 1 day to 3 years 8.07 8.57
4 years 7.96 8.46
5 years 8.38 8.88

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2. Non- Cumulative Deposits (Monthly Interest Plan)

Period/Term of Deposit Interest Rates (% p.a.)
For Regular Citizens For Senior Citizens
1 year 7.21 7.71
1 year 1 day to 2 years 7.49 7.99
2 years 1 day to 3 years 7.49 7.99
4 years 7.16 7.66
5 years 7.25 7.75
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3. Non – Cumulative Deposits (Annual Interest Plan)

Period/Term of Deposit Interest Rates (% p.a.)
For Regular Citizens For Senior Citizens
1 year 7.45 7.95
1 year 1 day to less than 15 months 8.00 8.50
15 months 8.50 9.00
15 months 1 day to 2 years 8.00 8.50
2 years 1 day to 3 years 8.50 9.00
4 years 7.40 7.90
5 years 7.50 8.00

Types of Muthoot Capital Fixed Deposit Schemes

  • Scheme A: Non- Cumulative Deposits-Monthly Interest Plan wherein the interest amount is paid monthly
  • Scheme B: Non-Cumulative Deposits-Annual Interest Plan wherein interest is paid on an annual basis
  • Scheme C: Cumulative Maturity Plan wherein interest is compounded annually and is paid on maturity along with the principal amount
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Features of Muthoot Capital FD Schemes

  • 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)

Loan against Fixed Deposit

  • Loan against FD is available if the deposit account is active for a minimum of 3 months from the date of opening FD
  • Depositors can avail loan against 75% of the deposit amount
  • Depositors availing of the loan need to pay a 2% higher interest rate than the applicable interest rate on FD
  • Granting of loan is at the sole discretion of the Muthoot Capital
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Premature Withdrawal of Fixed Deposits

Premature withdrawal of fixed deposits is not allowed in the first 3 months from the date of the acceptance, except in case of death of the depositor. The interest payment on premature closure would be as follows:

  • Premature payment after 3 months but before 6 months: No interest will be paid. In case the interest has already been credited, it will be recovered from the principal amount before making the final settlement
  • Premature payment after 6 months but before the date of maturity:
    • The interest will be paid at 2% lower than the interest rate applicable for the duration for which the deposit has run
    • In case, no interest rate was specified, interest will be paid at 3% lower than the minimum rate at which deposits are accepted
    • If excess interest is paid, then it will be recovered from the principal amount before making the final settlement

 

Want to know about other fixed deposit schemes too? Check the link: Corporate/Company Fixed Deposits

 

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