NBFC extends National Pension Scheme to NRIs, domestic customers. 5 signs

Muthoot Started offering NPS in 2012. NPS is a systematic and strategic retirement solution.

George Alexander Muthoot, Managing Director, Muthoot Finance said, “As part of our commitment to provide comprehensive and diversified financial services to our customers, we are excited to expand. National Pension Scheme for our domestic and NRI customers.”

George further added, “We understand the importance of retirement planning and believe that NPS provides a secure and stable source of income in the post-retirement years of our customers. We are committed to transform Muthoot Finance into a diversified financial institution. We are committed to innovation, enabled by technology, that meets the evolving needs of our customers today.”

Here are some of the key features of Muthoot Finance’s NPS offering:

By expanding its NPS services to its customers, Muthoot plans to provide its customers with an additional opportunity for long term retirement planning as well as benefit them with maximum tax exemptions. 50,000 under sub-section 80CCD(1B).

In addition, the company’s iMuthoot application enables customers to have a ‘Do It Yourself Model’ where any user can quickly submit the application and complete the NPS registration himself.

Muthoot currently has more than 5,800 branches across India. This positions the company well to provide a hassle free investment and savings experience to its customers.

According to the statement, Muthoot leverages its extensive phygital presence to extend this offering, which can be availed either through their nearest branch or by paying on the company’s website or iMuthoot application available on iOS and Android devices. Could

Apart from NPS, Muthoot Finance also offers a multi-channel approach to serve its investors by offering a host of investment options including insurance, gold coins, NCDs and mutual funds on its platform.