Difference between cumulative and non-cumulative fixed deposit
In cumulative fixed deposit, interest is compounded every quarter or year and paid at the time of maturity.
In a cumulative fixed deposit FD, interest is paid out monthly, quarterly, half-yearly, or annually, as per the investor’s choice.
|Posted by: Administrator - Tue, Aug 20, 2019. This article has been viewed 703 times.|
|Online URL: https://www.knowledgepublisher.com/article/1392/difference-between-cumulative-and-non-cumulative-fixed-deposit.html|
Powered by PHPKB (Knowledge Base Software)