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

Things to Consider While Availing a Commercial Vehicle Loan

A commercial vehicle loan is available to any individual or organization, which is planning to buy a commercial vehicle. These loans are often costlier compared to personal vehicles; hence, ...

KNOW MORE

June 29, 2023

Mutual fund vs fixed deposit: Differences you should know

Are you wondering where to park your hard-earned savings? Fixed Deposits (FDs) and Mutual Funds (MFs) are two prominent choices for you in the investment arena, and understanding the nuances of FD vs ...

KNOW MORE

February 7, 2024

5 Powerful Strategies To Repay Your Business Loan Efficiently

Launching your venture is an exhilarating experience, but it often requires financial assistance in the form of a small business loan. While the initial boost is exciting, repaying the loan can feel o...

KNOW MORE

April 10, 2024