The main activity of Mini Muthoottu is advancing money against security of gold ornaments. It is the main source of profit for the Company. Mini Muthoottu has two distinct schemes for Gold loan – for general public and for Repledgers. The scale of finance and the rate of interest for gold loans will be decided by the Board of the Company on the basis of various internal and external factors; market conditions etc and will be advised to the Branches from time to time.
A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified date and carries a specified rate of interest. Debentures are normally issued in physical form it is called Debenture certificate. Debentures are the main source of funds for the company. The company from public accepts money for a fixed term at a fixed rate of interest, which remains unchanged during the period of debenture. The interest for debenture will be payable on monthly, yearly and maturity.
RECEIVE money worldwide instantly through Mini Muthoottu.
We are the agents for UAE Exchange all over India for money transfer. Customers can receive money from any country through any branches of Mini Muthoottu.
Mini Muthoottu have vibrant insurance team .We have corporate tie-ups with insurance giants like Bajaj Allianz Life Insurance Company Limited, MetLife India Insurance Company Limited and IFFCO-Tokio General Insurance.
MM E Gold
Muthoottu Mini Financiers (P) Ltd is Member of National Spot Exchange and Depository Participant of CDSL (Central Depository Service(india) Ltd).
There are host of benefits, which are:
Convenience in transacting:
E-Gold provides you seamless transacting. You simply have to call your broker and place your order to transact (buy or sell) in the product, and your Demat account too will reflect the transaction (buy or sell) done. You can transact during the long trading hours of NSEL, which are from 10:00 am till 11:30 pm.
E-Gold allows an investor to buy and sell gold (24 Carat) in small denominations such as 1,2,3 grams etc…
E-Gold provides you, with the requisite liquidity as you can sell any number of units (subject to the existing units held by you), for a price that is very close to the actual prevailing price of physical gold at anytime during the trading hours of the exchange. Moreover, while selling your E-Gold, you won’t encounter some terrible experiences like the ones you face while selling physical gold (typically while selling physical gold, the jeweler will deduct making charges (the charge that is added while buying gold). As regards banks, they refuse to buyback gold).
E-Gold enables you to transact in gold, by incurring minimal cost which is the annual maintenance cost of your Demat account, plus some marginal brokerage charges.
No risk of theft:
E-Gold eliminates the risk of theft of your precious yellow, as the NSEL acts as the custodian of your gold.