Muthoot Finance launches cashback scheme for customers amid COVID-19

Muthoot Finance, India's No.1 Most Trusted Financial Services Brand and India's largest gold loan NBFC launches special cashback scheme - Muthoot Online Money Saver programme(MOMS) for customers paying interest online. This programme aims to boost digital usage among the customers during COVID-19. The cashback amount will be shown to the customers while making online payments and they can pay the interest amount after deducting the cash back from interest payable.

According to Mr. George Alexander Muthoot, Managing Director, Muthoot Finance, "To accelerate the digital adoption, we are delighted to launch a very attractive assured interest cashback offer for our customers who pay gold loan interest online through Muthootonline.com and iMuthoot App in these unprecedented times."

The facility has currently launched on Muthoot Online website and would be launched on iMuthoot App by the end of this month. The slab based of interest payment eligible for cash back amount is given below,

Muthoot Online Money Saver (MOMS)
Interest Payment Value	Cashback Value
Rs 50,000	Rs 1501
Rs 25,000 to Rs 49,999	Rs 601
Rs 10,000 to Rs 24,999	Rs 201
Rs 5,000 to Rs 9,999	Rs 101
Rs 2500 to Rs 4,999	Rs 51

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.1113.5 as compared to the previous close of Rs. 1084. The total number of shares traded during the day was 56203 in over 2711 trades.

The stock hit an intraday high of Rs. 1121.2 and intraday low of 1080.6. The net turnover during the day was Rs. 62027253.

Source : Equity Bulls

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