image

> >

What is Non-Cumulative Fixed Deposit

What is 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 to 60 months. Remember, the maturity amount decreases if the interest payout frequency is higher.

Non-cumulative FD has more regular payments as compared to a Cumulative FD. These FDs are suitable for people who need a regular income from the interest payouts, such as pensioners.

Also Read: Difference between Cumulative and Non-cumulative fixed deposit

Fixed Deposit - Request a Call Back

Please enter your first and last name
Please enter 10-digit mobile number

People Also Considered

Flexi Loan

Withdraw when you need, prepay when you can

KNOW MORE

Loan Against Fixed Deposit

Secured and hassle-free finance for all your needs

APPLY NOW
Mutual_Fund_PAC

Mutual Fund

The smart way to generate wealth via diversified investments

APPLY NOW
Home Loan People Considered Image

Home Loan

High top up amount on Balance Transfer

APPLY NOW