Mulamoottil Grameena Suraksha Scheme (MGSS)
Encourages savings among the underprivileged.
Daily remittance of INR 10 only.
Total 40 months savings project for INR 10,500.
Deposit only INR 10,000 and get INR 10,500.
Health insurance coverage for the full period.
If the account holder dies during the period, his family gets the full amount of INR 10,500 even if only INR 100 was remitted.
Optional accident death insurance cover for INR 100,000.
Daily remittance will be collected from houses by collection officers.
Pass book facility.
Loan of up to 90% from the remitted amount can be availed of in unforeseen events.
MGSS customers can avail of special benefits at the Mulamoottil Eye Hospital like free eye check for the full family, etc.
MGSS customers do not require additional photo ID for gold loan processing at Mulamoottil Leasing & Hire Purchase Ltd or its affiliates.