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You are here :  Deposits | SF - Cumulative Deposits
CUMULATIVE DEPOSITS
It is a deposit where the accrued interest is payable on Maturity along with the principal.

For Deposit interest rates click here


Maturity options available

On maturity the depositor can opt for:

  1. Payment of maturity amount
  2. Renewal of maturity amount.
  3. Renewal for lower multiple of Rs 1000/-(subject to a minimum balance of Rs 10000/- in the deposit account)
  4. Renewal for a higher multiple of Rs 1000/- by giving a cheque for the differential amount. (Remittance should reach the company atleast one day before the date of maturity)
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