login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi

Download App

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

|

What is the difference between a Non-cumulative Fixed deposit and a Cumulative deposit?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

For Non-Cumulative Fixed Deposits, the interest is payable on Monthly, Quarterly, Half yearly & Yearly basis. For Cumulative Deposits, the interest is payable at the time of maturity together with the principal amount.

Disclaimer:

This blog is for general informational and educational purposes only and does not constitute financial, legal, or investment advice, recommendations, or solicitation. The prices, rates, and financial values mentioned are approximate and subject to change due to regional differences, market fluctuations, regulatory changes, and other factors. Please consult an authorized dealer or financial advisor for accurate and up-to-date details.

The content may include forward-looking statements or projections, which are speculative and subject to risks and uncertainties. Mahindra Finance is not obligated to update these statements to reflect future changes. Any opinions or third-party contributions presented are purely informational and may not reflect the views of Mahindra Finance.

While we strive for accuracy, Mahindra Finance does not guarantee the reliability or completeness of the information provided and disclaims all liability for errors, omissions, or reliance on this content. Readers are advised to verify all details independently and seek professional advice based on their specific needs.

This information applies to Indian regulations and may not be relevant to other jurisdictions. Mahindra Finance is not liable for any direct, indirect, or consequential decisions made based on this blog.

Related articles

Vehicle Depreciation Rates: What They Mean and How They Affect You

Quick Summary: Purchasing a vehicle is just the first step. Understanding its maintenance and value retention is important for grasping the financial implications of vehicle ownership. Vehicle depreci...

KNOW MORE

January 16, 2026

Tips to Grow Your Business with SME Loans

The most important factor to start a business is the capital. The basic fact is that the more capital you have for your business, the more your business will succeed and prosper. The best way to get c...

KNOW MORE

June 29, 2023

Do’s And Don’ts To Apply For Small Business Loans

Starting a new business has many challenges, especially in securing funding. Whether you need capital for product development, hiring employees, or purchasing real estate, a small business loan can pr...

KNOW MORE

April 10, 2024