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Milligram Rewards

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About Muthoot Milligram Reward Points

  • This is a customer loyalty program named “Milligram Reward” wherein all transactions with the Muthoot Group shall be rewarded with milligram reward points.
  • One milligram reward point means one milligram gold which can be redeemed against a 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 (minimum loan amount 50,000)* Per Rs 50,000 1
Interest Collection per txn >2000 Per Rs 2000 1
Money Transfer (IMT All) Per transaction 1
Money Transfer (NEPAL) Per transaction 1
MIBPL Health Care Per Rs 2000 1
MIBPL LG Per Rs 2000 1
MIBPL HP Per Rs 2000 1
MIBPL SOP Per Rs 2000 1
MIBPL CCC Per Rs 2000 1
MIBPL LIFE INS (Traditional) Only for new -one time - not for renewal Per Rs 10000 1
MSTL VI (2W/3W) Per transaction 2
MSTL VI (4W) Per transaction 7
MSTL HOSPI CASH Per Rs 1000 1
FOREX (PURCHASE) Per Rs 15000 1

*minimum loan amount Rs. 50,000/- * not applicable for renewal of existing loan

Milligram Reward Points for Referral

If any of our existing customers refer a NEW customer to Muthoot Finance /Group, (the customer should be new to Muthoot Finance / Group) the referred 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 customers can refer a person by submitting a referral form at the Branch or through our online form .

Milligram Reward Points General Rules

  • From the launch date of Milligram Rewards Program, every transaction done under a customer ID shall earn milligram reward points as mentioned above.
  • Conversion value of 1 milligram reward point will be 1 milligram Gold

Milligram Reward Points Redemption Rules

  • Redemption is permitted against gold coins only.
  • Minimum 500 points should be redeemed at a time to get 500 milligram gold coin and in multiples of 500 mg
  • Validity: Milligram reward points earned will expire on completion of 2 years from the date of generation.
  • 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 Milligram Rewards Points

  • The customer can view their points in the iMuthoot app
  • Once it reaches 500 milligram points, they can approach their MFIN Branch and submit a Milligram 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 fraudulent or erroneous transactions that occur under any customer account and can exclude the customer from availing the benefit of 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 milligram gold 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 milligram gold 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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