Muthoot Finance announces that all dividend, interest, and redemption payments will now be made exclusively through electronic modes. This change, effective immediately, aligns with the latest regulatory updates. Physical payment methods like warrants and cheques will no longer be permitted. Stakeholders are urged to update and validate their bank account details to ensure seamless transactions.
Transition to Electronic Payments
Muthoot Finance is transitioning to mandatory electronic payments for all dividend, interest, and redemption payouts. This shift aims to streamline payment processes and comply with the latest regulatory guidelines. The new policy takes effect from November 28, 2025.
Impact on Stakeholders
As a result of this change, the company will no longer issue physical instruments such as warrants, cheques, or drafts for any payments. All stakeholders are requested to ensure their bank account information is accurate and up-to-date. This will help facilitate seamless and timely electronic transactions.
Updated Bank Details Required
To ensure uninterrupted receipt of payments, stakeholders are advised to promptly validate their bank account details. Muthoot Finance is committed to a seamless transition and encourages all stakeholders to update their information as soon as possible.
Source: BSE