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

How-to-use-credit-score-to-your-advantage-&-make-better-financial-decisions

How To Use Credit Score To Your Advantage & Make Better Financial Decisions

Your credit score is a powerful financial tool that can significantly impact your life. It determines your eligibility for loans, credit cards, and other financial products. However, understanding how...

KNOW MORE

June 28, 2024

Credit Default Swap – Meaning, Features & Uses

Introduction Credit Default Swap (CDS) is a financial tool that provides protection against potential defaults and helps manage credit risk. Whether you’re an investor or a financial institution...

KNOW MORE

April 22, 2024

What are the Different Caps in Mutual Funds?

Have you heard terms like small cap equity funds, mid-cap equity funds and large-cap equity funds? Are you wondering what all of this is about? Don’t worry, we’ll help you understand this. What ar...

KNOW MORE

June 30, 2023