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.

PERIOD

12 MONTHS

YIELD %

36 MONTHS

YIELD %

60 MONTHS

YIELD %
INVESTMENT AMOUNT 10000 10000 10000 10000
MATURITY AMOUNT 11038 10.38% 13647 12.16% 17204 14.40%
MATURITY AMOUNT SENIOR CITIZEN 11065 10.65% 13747 12.49% 17416 14.83%