Question

Difference between cumulative and standard fd in axis

Answer 1

hi,

In cumulative fixed deposit, interest is compounded every quarter or year and paid at the time of maturity.

In a non-cumulative FD, interest is paid out monthly, quarterly, half-yearly, or annually, as per the investor’s choice.

Answer 2

In cumulative fixed deposit, interest is compounded every quarter or year and paid at the time of maturity.

Axis Bank fixed deposits is a safe and convenient way to see your savings grow. Open a fixed deposit online with axis Bank and save a minimum of Rs. 5000 for a flexible tenure starting from a minimum of 7 days to a maximum of ten years.