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

Download App

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

phone
|

 What are options for Renewal of a Cumulative Deposit Receipt?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

An existing depositor can renew their deposit for either the Principal amount (interest accrued will be repaid) or alternatively the principal amount plus interest.

Related articles

Time Deposit Vs Fixed Deposit

Time Deposit Vs Fixed Deposit: Are They Safe to Invest?

Quick Summary When planning conservative investing, it is essential to understand the difference between time deposit and fixed deposit. Often considered synonymous, these financial products are quite...

KNOW MORE

November 25, 2025

How-Micro-Business-Loans-Differ-From-Traditional-Business-Loans

How Micro Business Loans Differ From Traditional Business Loans

Starting a business requires adequate funding, and entrepreneurs often turn to loans to meet their financial needs. Two common types of loans that cater to businesses are micro business loans and trad...

KNOW MORE

July 1, 2024

How to Choose the Right Business Loans Offering

Whether you are an entrepreneur or an existing business owner, it is possible that you require external finance. You need funds to buy equipment, meet working capital requirements, or expand...

KNOW MORE

June 29, 2023