In a fixed deposit scheme, the interest is payable at specified frequencies. The scheme will be convenient for persons, like pensioners, who require periodical interest payments. In a cumulative deposit scheme, the interest is payable at the time of maturity along with the principal. These schemes are suitable for persons who do not require periodical interest payments, and are looking for money multiplier schemes.
Articles in this section
- Which corporate fixed deposits are online payment-enabled on FundsIndia?
- What is the investment period for corporate fixed deposits?
- On the submission of Form 15G/15H, will there be any query from the income tax department?
- What is Form 15G/15H? Where can I access it?
- What is the difference between Form 15G and Form 15H?
- Can an NRI invest in deposits?
- What is the difference between a fixed deposit and a cumulative deposit?
- What is the maximum amount of investment that a company can accept in a corporate fixed deposit?
- Is there any scope for the principal to appreciate?
- When is TDS deducted on the interest earned from corporate fixed deposits?