Bajaj Finance Best Investment Plans

> >

What is Non-Cumulative Fixed Deposit

Quick apply

Just 60 seconds to apply

Please enter your first and last name
Please enter 10-digit mobile number
Please enter your email id
null
Please enter deposit amount

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

Thank you

What is a non-cumulative fixed deposit?

Non-Cumulative Fixed Deposit is a kind of FD where the interest is payable on a monthly, quarterly, and half-yearly or annual basis. One can choose the frequency of the interest payout for a Non-cumulative FD at the time of application, which may be monthly, quarterly, half-yearly or annually.

The tenor for a Non-cumulative FD can range between 12 and 60 months. Remember, the maturity amount decreases if the interest payout frequency is higher.

With non-cumulative FD, you can look for regular interest payouts, to meet your monthly expenses. These FDs are suitable for people who need a regular income from interest payouts, such as pensioners.
Also Read: Difference between Cumulative and Non-cumulative fixed deposit

People Also Considered

Fixed Deposit for Child

KNOW MORE

Fixed Deposit for Women

KNOW MORE

Fixed Deposit for Senior Citizen

KNOW MORE

Investment Guide

KNOW MORE