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What is the difference between a Non-cumulative Fixed deposit and a Cumulative deposit?

mahindra-finance-author

by Mahindra Finance

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June 22, 2023

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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.

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