Muthoot Finance Limited interest rates · November 2026
Overview
Muthoot Finance Limited (Muthoot Finance) is a non-banking finance company (NBFC), headquartered in Kochi.
RBI classes it as an NBFC that does not accept public deposits, so there are no FD or RD rates to compare. Non-banking finance company (NBFC): deposits are not insured by DICGC. Compare the credit rating along with the rate.
RBI record
Every RBI press release since 1 Jan 2024 that names Muthoot Finance Limited, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹5.80 lakh
RBI's reason: “for non-compliance with certain provisions of ‘Reserve Bank of India Know Your Customer (KYC) Directions’”
What RBI found
“The company failed to put in place a system of periodic review of risk categorisation of accounts; The company failed to put in place a robust software for effective identification and reporting of suspicious transactions.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.”
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RBI fined the bank ₹1,90,000
RBI's reason: “for non-compliance with certain provision of ‘Know Your Customer (KYC) Directions, 2016’ issued by RBI”
What RBI found
“The charge of allotting more than one Unique Customer Identification Code (UCIC) to its individual customers was sustained.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Good to know
- Muthoot Finance Limited does not accept public deposits: RBI classifies it as a non-deposit-taking NBFC (or as an infrastructure or investment company), so there are no fixed deposit rates to compare. It raises money through bonds, debentures and bank borrowings, which are market instruments, not deposits.
- Muthoot Finance is a non-banking finance company, not a bank. Its deposits are not covered by DICGC insurance, so compare its credit rating and financial strength, not just the rate.
Informational only. Always confirm the current rate on the official Muthoot Finance website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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