- We offer cumulative & non-cumulative interest payment options. In a 'Non-cumulative' fixed deposit scheme, the interest is payable on a monthly, quarterly, half-yearly, and yearly basis. This scheme will be convenient if you require periodic interest payment.
- In a 'Cumulative' fixed deposit scheme, the interest is payable at the time of maturity along with the principal. The scheme acts as money multiplier and is suitable for those who don't require periodic interest payments. The interest will be compounded annually, and the final pay-out will be subject to deduction of tax, wherever applicable.
Which interest pay-out options are available? Print
Modified on: Fri, 12 Mar, 2021 at 8:53 AM
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