What is the difference between a Non-cumulative Fixed deposit and a Cumulative deposit?
For Non-Cumulative Fixed Deposits, the interest is payable on Monthly, Quarterly, Half yearly & Yearly basis. For Cumulative Deposits, the interest is payable at the time of maturity together with the principal amount.
What are the schemes offered by MMFSL Fixed Deposit?
The company offers 2 schemes - Samruddhi & Dhanvruddhi . For Fixed Deposit to get interest periodically (Monthly, Quarterly, Half yearly & Yearly) by opting for non-cumulative scheme or at maturity with Cumulative deposits.
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