New scheme has been launched by Muthoot Precious Metals Corporation (MPMC) for the purchase of Gold coins and bars. The facility has been christened as Muthoot Kanaka Vrishty Scheme.

To avail this scheme customer will have to buy at least 10 gram gold. The benefit for the customer is that it will shield him from the fluctuating gold rates.
Customer is required to make a minimum monthly payment of Rs. 1,000 for tenure which can be 16, 23 or 28 months.

After 12 installments, customer can get the gold. Under this scheme, a processing fee of 2% will be levied for the first advance.