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 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.

Related articles

How To Get The Lowest Used Car Loan Interest Rate

Dreaming of owning a car? With rising prices, purchasing a new one can be financially challenging. However, there’s an alternative – buying a used car. And if arranging the finances is a c...

KNOW MORE

April 17, 2024

What-Is-Debit-Note-In-GST

What Is Debit Note In GST?

Dealing with financial transactions can be complex, especially in the ever-evolving landscape of goods and services tax (GST) regulations. As an Indian business owner, you might have come across the t...

KNOW MORE

September 12, 2024

21 Small Business Ideas with Low Investment

Starting a business is a dream for many, but the lack of capital often poses a significant challenge. However, there are numerous small business ideas that require minimal investment, making it easier...

KNOW MORE

April 25, 2024