What is the difference between a cumulative and a non-cumulative FD?
In a cumulative fixed deposit, the interest is reinvested, compounded, and paid out only at maturity. However, in a non-cumulative FD, you can receive the interest at regular intervals (monthly, quarterly, etc.).
In a cumulative fixed deposit, the interest is reinvested, compounded, and paid out only at maturity. However, in a non-cumulative FD, you can receive the interest at regular intervals (monthly, quarterly, etc.).
Need Help
Talk to our Support Team for free. We will help you through your investment journey.
