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What documents do I need to produce?

  • KYC documents
  • PAN card
  • One Recent passport size photograph
  • One Cancelled cheque leaf (CTS-2010)
  • Address Proof


  • Passport/Voters Identity Card/Ration Card/Registered Lease or Sale Agreement of Residence/Driving License/Flat Maintenance Bill/Insurance Copy, Utility bills life Telephone Bill (only landline), Electricity bill or Gas bill - not more than 3 months old or Bank Account Statement/Passbook - not more than 3 months old or Self declaration by High Court and Supreme Court Judges, giving the new address in their own account, or Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary public/Elected representatives to the Legislative Assembly / Parliament / Documents issued by any Govt.


  • Self-attested copy of PAN card is mandatory for all applicants
  • All the KYC documents should be in A4 Size paper only
  • Copies of all documents submitted by the applicant should be self-attested and accompanied by the original for verification. In case the original of any document is not produced for verification, then the copies should be properly attested by entities authorised for attesting the documents, as per the below mentioned list (Notary Public, Gazetted Officer, Manager of a Scheduled commercial/Co-operative bank or Multinational Foreign banks - Name, Designation & Seal should be affixed on the copy)
  • If the proof of identity or address is in a foreign language, then translation into English is required
  • Name & Address of the applicant mentioned on the KYC form should match with the documentary proof submitted
  • If correspondence & permanent address are different then the proof for both have to be submitted

Interest Rate structure*

Scheme Default Interest Slab Period/s Kerala Other States
Express Gold loan
-Kerala & Outside Kerala- upto Rs 200000
(Max. Tenor 9 months)
Upto 1 month 22% 22%
>1 upto 3 months 24% 24%
>3 upto 6 months 27% 27%
>6 months 30% 30%
Express Gold loan -
Outside Kerala Abv Rs. 200000/
( Max. Tenor 9 months)
Upto 3 months - 27%
> 3 upto 6 months - 27%
>6 months - 30%
Multi Interest Product (MIP)
M14 - 70% of LTV Maximum amount-
Upto Rs 50000
Upto 1 month 14% 14%
>1 upto 3 months 17% 17%
>3 upto 6 months 21% 21%
>6 upto 12 months 24% 24%
> 12 months 27% 27%
Multi Interest Product (MIP ) M18-
80% OF LTV Maximum amount-
Upto Rs 300000/-
Upto 3 months 18% 18%
> 3 upto 6 months 22% 22%
>6 upto 12 months 24% 24%
> 12 months 27% 27%
Multi Interest Product (MIP) M 22 - 90% OF LTV
Maximum amount-As per approval
Upto 5 months 22% 22%
> 5 months upto 12 months 24% 24%
> 12 months 27% 27%
Additional interest @ 12% p.a. on defaulted interest will be charged if exceeding 12 months under MIP scheme.
Max. Tenor for all MIP products is 12 months.
Muthoot Special Gold loan (MSGL)-
Minimum- Rs 2,00,000
(Max. Tenor is 6 months)
Upto 3 months 15% 15%
> 3 upto 6 months 17% 17%
>6 months 20% 20%
Processing charges Rs 1000 + Serv Tax      
Special 16-
Minimum-Rs 1,00,000
Maximum- Rs 1,99,999
(Max. Tenor 6 months)
Upto 3 months 16% 16%
  > 3 upto 5 months 20% 20%
  > 5 upto 6 months 22% 22%
In the event of default ,Additional interest at the rate of 3% per month will apply on the defaulted EMI for the defaulted no. of days Pre Closure charges applicable .
Vyapar Mitra -
Minimum -Rs 10000
Maximum- Rs 5,00,000
Upto 1 month 18% 18%
>1 upto 2 months 22% 22%
>2 upto 3 months 24% 24%
>3 upto 6 months 27% 27%
> 6 months 30% 30%
Processing fee 0.05% of loan amount subject to a maximum of Rs 100/-
(charged only for the first pledge)
Traders Flexi Gold loan (TFL) 0-30 days 22% 22%
31-90 days 24% 24%
91-180days 27% 27%
Minimum Amount Rs.50000
(Max. Tenor 6 months)
Abv180 days 30% 30%
1. Interest is charged on Monthly compounding basis for Express Gold loan & Special 16. For others it will be on ab initio basis from the beginning.
2. In all cases interest slab will shift back to original rate at which the loan was availed if interest is paid up to date along with additional charges if any from the date of clearance of default
3. Service Taxes as applicable will be collected extra along with processing fee.
MSME loans
SME Loan- (Hypothecation of Stock )
Minimum : Rs 5,000
Maximum : Rs 50,000
24%p.a Repayment through daily installment (EDI) collected in 104 business days.
Customer will be charged a default rate of 3%per month on the defaulted EDI amount for delayed number of days, if the EDI is not paid every day.
Processing charges : Rs.300+Serv Tax.
Collection cum Service Charge: 1% of loan amount
or Rs.150 whichever is higher.
Suvidha Loan- ( Short term business loan)
Minimum : Rs 5,000
Maximum: Rs 15,000
24%p.a Repayment through daily installment (EDI) collected in 104 business days.
Customer will be charged a default rate of 3%per month on the defaulted EDI amount for delayed number of days, if the EDI is not paid every day.
Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

* All interest rates mentioned are p.a only

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What is a Depository?

A depository is an organisation which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronicform at the request of the investors through a registered depository participant. Italso provides services related to transactions in securities.

What is the minimum net worth required for a depository?

The minimum net worth stipulated by SEBI for a depository is Rs.100 crore.

How many Depositories are registered with SEBI?

At present two Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are registered with SEBI.

Who is a Depository Participant (DP)?

A DP is an agent of the depository through which it interfaces with the investor and provides depository services.

Who can be a DP ?

Public financial institutions, scheduled commercial banks, foreign banks operating in India with the approval of the Reserve Bank of India, state financial corporations, custodians, stock-brokers, clearing corporations / clearing houses, NBFCs and registrar to an issue or share transfer agent complying with the requirements prescribed by SEBI can be registered as DP. Banking services can be availed through a bank branch whereas depository services can be availed through a DP.

Who is an Issuer ?

"Issuer" means any entity such as a corporate / state or central government organizations issuing securities which can be held by depository in electronic form.

What is an ISIN?

ISIN (International Securities Identification Number) is a unique 12 digit alphanumeric identification number allotted for a security (e.g.- INE383C01018). Equityfully paid up, equity-partly paid up, equity with differential voting /dividend rights issued by the same issuer will have different ISINs.

What is dematerialisation (demat)?

Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form.

What is Rematerialization (remat)?

Rematerialization is the process of converting securities held in electronic form in a demat account back in physical certificate form.

Who is an Registrar and Transfer Agent (RTA)?

An RTA is an agent of the issuer. RTA acts as an intermediary between the issuer and depository for providing services such as dematerialization, rematerialization, initial public offers (IPO) and corporate actions.

Who is registered owner of Securities?

When securities of a company are held in physical form by an investor, his/ her name is recorded in the books of the company as a 'Registered Owner' of the securities. When physical shares are converted into electronic form, the depository becomes "Registered owner" in the books of the company and investor's name is removed from books of the company.

Who is a Beneficial Owner (BO)?

All the benefits of the dematerialized shares are given to the actual investor since the depository holds the securities in a fiduciary capacity on behalf of the investors who have opened a demat account with the depository. Hence, the actual investor is the "Beneficial Owner" (BO) of the securities.

How many DPs are registered with SEBI?

As on December 21, 2012, a total of 866 DPs (289 NSDL, 577 CDSL) are registered with SEBI.

Can a demat account be opened in the name of Joint Holders?

Yes. A demat account can be a opened in a single name or in joint holders’ name. There can be maximum three account holders i.e. one main holder and two joint holders.

Can a Demat account be opened for a minor?

Yes. Demat account can be opened in the name of a minor. The account will be operated by a guardian till the minor becomes major. Guardian has to be the father or in his absence mother. In absence of both, father or mother, the guardian can be appointed by court.

Can minor be a joint holder in another demat account?

No. Minor cannot be a joint holder in a demat account.

Can a demat account be opened in the name of a trust?

Yes. A demat account can be opened in the name of a trust if the trust is registered under the Public Trust Act 1860 / Societies Registration Act / Bombay Public Trust Act / Public Trust Act in force in the state. If the trust is a private or unregistered trust then a demat account shall be opened in the name of trustees as an individual account. If the trust has more than three trustees, then they will have to decide in whose name the demat account will be opened.

Can a demat account be opened in the name of HUF ?

No. In the case of HUF, shares can be held in the name of existing Karta on behalf of HUF.

Does an Non Resident Indian (NRI) need any Reserve Bank of India (RBI)permission to open a demat account?

No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated authorized dealers.

Is nomination compulsory for a demat account?

SEBI has mandated that nomination should be recorded for a demat account held by individuals. If nomination is not to be given then the account holder(s) should give a written and signed declaration to the effect.

Can multiple accounts be opened by an investor?

Yes. An investor can open more than one account in the same name with the same DP and also with different DPs. For all the accounts, investor has to strictly comply with know your client (KYC) norms including proof of identity, proof of address requirements as stipulated by SEBI and also provide PAN number. The investor has to show the original PAN card at the time of opening of demat account.

Demat Account Demat Account Muthoot Demat Account

Muthoot Fincorp’s Demat Services offers you Safe and Seamless mode to keep track of your investments.

Demat account is an account wherein investors can hold shares/ debentures and other securities in the dematerialised (electronic) form and can access it for transactions by logging into their demat account.


  • No TDS for NCDs holding in demat account
  • A safe and convenient way to hold NCDs and other securities like shares and Mutual Funds
  • Immediate transfer of debentures/securities
  • No stamp duty during buying and selling of NCDs
  • Reduction in paperwork involved in transfer of securities
  • Reduction in transaction cost
  • The bonus/right shares allotted to the investor will be immediately credited into his account
  • Transaction costs are lower than that in the physical NCD segment
  • Helps avoid problems typically associated with physical NCD certificates

  • BO grievance mails may be send to
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