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-Does-Taking-a-Personal-Loan-Affect-Your-Credit-Score

How Does Taking A Personal Loan Affect Your Credit Score?

Introduction Taking a personal loan can be a convenient way to finance various expenses, whether it’s for higher education, wedding expenses, or unexpected emergencies. However, many people beli...

KNOW MORE

June 17, 2024

Step by step guide on how to calculate home loan EMI

Dreams of owning a home are universal, whether you’re currently without one or looking to upgrade. However, the challenges and uncertainties can be overwhelming, especially if you’re a fir...

KNOW MORE

February 9, 2024

Fixed Deposit Updates in 2019

limit on FDs. This was a proposal by the Ministry of Finance, which has appealed to all the citizens of the country. In case of FDs, the interest earned up to an amount of INR 40,000 will be exempt fr...

KNOW MORE

June 30, 2023