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Gold Milligram Rewards

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About Muthoot Finance Gold Milligram Reward


  • This is a customer reward program named “Gold Milligram Reward” wherein transactions with the Muthoot Group shall be rewarded with Gold Milligram reward points.
  • One Gold Milligram reward point means one 24 ct Milligram Gold which can be redeemed against a 24 ct Gold Coin.
  • The redemption is subject to Terms and Conditions as specified below.
  • Different schemes / transactions selected have different criteria attached to it as per the table below:
PRODUCTAMOUNT / NOMilligram Gold
Gold Loan Advance Per Rs 50,000 1
Interest Collection Per Rs 2000 1
International Money Transfer (IMT) Per transaction 1
Money Transfer (NEPAL) Per transaction 1
Health Care Policy Per Rs 2000 1
Life Guard Policy Per Trasaction 1
Home Protection Policy Per Trasaction 1
Shop Owneres Policy Per Trasaction 1
Cancer and Cardiac Care Policy Per Rs 2000 1
LIFE INSURANCE Only for new -one time - not for renewal Per Rs 10000 1
Vehicle insurance Policy (2w/3w) Per transaction 2
Vehicle insurance Policy (4w) Per transaction 7
MSTL HOSPI CASH Per Rs 1000 1
FOREX (PURCHASE) Per Rs 15000 1
True Gold / Indivara Jeweller Sales Per Rs 10000 1
Personal Loan Per Rs 50000 1

*not applicable for renewal of existing loan on the same day. Whereas in case of enhancement, the enhanced amount is eligible.

Gold Milligram Reward Points for Referral


If any of our existing customer refer a NEW customer to Muthoot Finance / Group, (the customer should be new to Muthoot Finance) the referrer customer will get 20 Milligram reward points per referral.(Scheme will be announced separately and will be applicable during campaign period)

How to Refer:


Any of our existing customer can refer a person by submitting a referral form at the Branch or through our online web portal (https://www.muthootfinance.com).

Gold Milligram Reward Points General Rules


  • Transaction done from 1 st April 2022, under a customer ID shall earn gold milligram reward points as mentioned above.
  • Conversion value of 1 gold milligram reward point will be 1 milligram 24 ct Gold

Gold Milligram Reward Points Redemption Rules


  • Redemption is permitted against 24 ct gold coins only.
  • Minimum 500 points should be redeemed at a time to get 500 milligram gold coin and in multiples of 500 mg
  • Cancellation or reversal of transaction will lead to reversal of points.
  • If customer ID is blocked / inactive, then the redemption will also be blocked.

How to Redeem Gold Milligram Rewards Points


  • The customer can view his/her points in the iMuthoot app
  • Once it reaches 500 milligram points, he/she can approach their Muthoot Finance Branch and submit a Gold Milligram Reward Points redemption form duly filled with details.
  • The Branch will arrange for delivery of Gold Coin.

The accumulation, redemption and cancellation of milligram reward points shall be subject to the terms and conditions of the Muthoot Group. The Company has the right to withhold or cancel the accumulated points in case of any fraudulent or erroneous transactions occurring under any customer account and to exclude the customer from availing the benefit of gold milligram reward points for all future transactions as well. The Company also reserves the right to withhold or cancel accumulated milligram reward points under a customer ID in case of irregularity / SMA /NPA accounts. The Company has the discretionary power to exclude any transaction from the gold milligram programme at any point of time without prior intimation and shall also have a privilege right to exclude any specific region or change the conversion rates or/and gold milligram points eligible for a transaction from the programme at any point of time without prior notification.

Privacy Policy:Your contact information (Name, Email, Phone No, State, City, Pincode, Message) submitted will not be sold. We use this information to send updates about our company and projects and contact you if it is necessary. You may opt out of receiving our communication by calling us on any of our below-mentioned contact numbers or by clicking on the unsubscribe link. Muthoot Finance Limited, 2nd Floor, Muthoot Chambers, Opp Saritha Theatre Complex, Banerji Road, Kochi, 682018. Toll free number North, East & West India Toll-free No1800 313 1212 South India Toll-free No. 99469 01212

Refer a Friend*

Refer a friend & earn 20 Milligram points
for each referred customer taking loan

refer now

*T&C apply



Ask an Expert

CUSTOMER SUPPORT NO:
+91-994-6901212
(Mon-Fri, 10 AM to 6 PM)

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

Refer a Friend*

Refer a friend & earn 20 Milligram points
for each referred customer taking loan

refer now

*T&C apply

Ask an Expert

CUSTOMER SUPPORT NO.:
+91-994-6901212
(Mon-Fri, 10 AM to 6 PM)

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

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