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-Check-Your-Credit-Score-for-Free-A-Step-by-Step-Guide

How To Check Your Credit Score For Free: A Step-By-Step Guide

Introduction Are you planning to apply for a loan or a credit card? If so, then one of the key factors that lenders consider before approving your application is your credit score. Your credit score i...

KNOW MORE

July 10, 2024

Ideal-Down-Payment-for-a-Home-Loan

Ideal Down Payment For Home Loan: How Much Should You Pay?

Dreaming of owning a home is something that many of us aspire to. Fortunately, home loans have made this dream more accessible than ever before. However, when applying for a home loan, it’s esse...

KNOW MORE

July 10, 2024

Debt-avalanche-What-Is-It-&-How-to-Use-It

Debt Avalanche? What Is It & How To Use It?

Introduction Managing debts can be overwhelming, especially when faced with multiple loans and high interest rates. If you are tired of making minimum payments that barely make a dent in your principa...

KNOW MORE

July 1, 2024