Muthoot Capital FD Interest Rates (p.a.) Highlights 2022 | |
| Highest slab rate | 7.25% (for 5 years) |
| For 1 year | 6.25% |
| For 2 year | 6.50% |
| For 3 year | 6.75% |
| For 4 year | 6.75% |
| For 5 year | 7.25% |
| Tax-Saving FD | – |
The interest rates are updated as of 27 September 2022
Credit Rating of Muthoot Capital
| Credit Rating Agency | Rating | Outlook |
| CRISIL | FA+ | Stable |
Muthoot Capital FD Interest Rates 2022
Fixed Deposit Interest Rates on Domestic deposits
1. Cumulative Deposits (Maturity Plan) (Annual)
| Period/Term of Deposit | Interest Rates (% p.a.) | Annualized Yield (%) |
| 1 year | 6.25 | 6.25 |
| 2 years | 6.50 | 6.71 |
| 3 years | 6.75 | 7.22 |
| 4 years | 6.75 | 7.46 |
| 5 years | 7.25 | 8.38 |
2. Non- Cumulative Deposits (Monthly Interest Plan)
| Period/Term of Deposit | Interest Rates (% p.a.) | |
| For Regular Citizens | For Senior Citizens | |
| 1 year | 6.00% | 6.25% |
| 2 years | 6.25% | 6.50% |
| 3 years | 6.50% | 6.75% |
| 4 years | 6.50% | 6.75% |
| 5 years | 7.00% | 7.25% |
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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 | 6.25% | 6.50% |
| 2 years | 6.50% | 6.75% |
| 3 years | 6.75% | 7.00% |
| 4 years | 6.75% | 7.00% |
| 5 years | 7.25% | 7.50% |
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