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

Should-you-opt-for-a-used-car-loan

Should You Opt For A Used Car Loan? Complete Guide

From rural villages to semi-urban towns, owning a car has become a necessity for many Indians. However, purchasing a brand-new vehicle may not always be financially feasible. This is where used car lo...

KNOW MORE

September 12, 2024

What is A Term Deposit?

Quick Summary Meet Rajesh, a 28-year-old transporter from Haryana who recently received a long-pending payment of ₹2 lakhs from a client. He didn’t need the money for the next 15 months. Like many...

KNOW MORE

January 16, 2026

How To Get A Personal Loan In Easy Steps

If you’re in need of funds for various expenses like medical bills, wedding costs, or home renovations, a personal loan can be a great solution. But how do you go about getting one? In this step...

KNOW MORE

April 11, 2024