CUMULATIVE DEPOSIT

CUMULATIVE DEPOSIT

CUMULATIVE DEPOSIT


Minimum amount is Rs.1,000
Interest is calculated on quarterly compounding method.
Maturity amount can be transferred to the account with any bank at FREE of charge.
Pre closure procedure is as applicable to Fixed Deposit.
No TDS for interest up to Rs.40,000 p.a.
Interest is payable on Maturity of the deposit.