How To Invest in NCD Bonds With Muthoot FinCorp ONE App

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Non-Convertible Debentures or NCD bonds are instruments issued by corporations that offer advantages like higher fixed returns than conventional fixed deposits. Furthermore, they are considered low-risk investments in comparison to volatile alternatives like equities, offering a secure investment haven. These factors make NCD bonds a smart choice for those seeking stability and long-term financial security. In summary, NCDs are a potent tool for those looking to optimize returns while minimizing risk in their investment portfolio.

If you're looking to diversify your investment portfolio with NCD bonds, the Muthoot FinCorp ONE app has you covered. You can start your investments in Muthoot FinCorp Ltd.’s NCDs with as low as Rs. 10,000 from the app itself.

In this step-by-step guide, we will walk you through the process of applying for Muthoot FinCorp Ltd.’s NCD bonds using the Muthoot FinCorp ONE app. It's easier than you think:

  1. To kickstart your NCD investment journey, open the Muthoot FinCorp ONE app. Once you're in, navigate to the NCD section either through the Hamburger menu or the Payments section.
  2. Within the NCD section, click on the "Apply Now" button to start your NCD investment application.
  3. The app will prompt you to enter your essential information, including your name, contact number, email, and PAN (Permanent Account Number). Make sure to double-check these details for accuracy.
  4. NCD issues are often divided into various series, each with its unique Payment Frequency and Tenure. Take your time to pick the series that aligns with your investment goals.
  5. To proceed, you'll need to enter your Demat account details. You can find these in your Demat account statements, typically sent to your registered email ID by CDSL/NSDL.
  6. For seamless payments, enter your UPI ID to initiate a one-time mandate setup. This step ensures your transactions are secure and hassle-free once the NCD application is accepted and the bonds issued. Optionally, you can also enter the branch code and employee code of the Muthoot FinCorp Ltd. employee if they have helped you with the NCD application.
  7. Before finalizing, carefully review the information provided. Once satisfied, tap the "Submit" button.

You have now successfully submitted your NCD bond application. You'll receive a notification confirming the submission of your application. On the app, you can head to the NCD section, and click on "My Orders" under the Profile section to track the progress of your NCD bond application.

The Muthoot FinCorp ONE app is the all-in-ONE financial app that keeps pace with you. Applying for Muthoot FinCorp Ltd.’s NCD bonds is just one example of how this versatile app can simplify your investment journey. You can also use the app for your other financial needs like getting a Gold Loan from Home, making payments, or buying Digital Gold. So, start exploring new investment opportunities with NCD bonds today with Muthoot FinCorp ONE – in just a few clicks.

Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.

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