Summary:
However, the most common query raised by investors is which is better - Cumulative or Non-cumulative FD? Cumulative Fixed DepositIn cumulative Fixed Deposits, 'cumulative' implies accumulation. This increases their returns to the maximum, especially with the attractive FD interest rates offered by the Bajaj Finance online FD. Who should select a non-cumulative FDInvestors can go for Non-Cumulative FD if they are dependent on regular payouts as a source of income to meet their financial goals. If one’s primary requirement is to have an add-on to their existing income or provide for pension post-retirement, they should select Non-Cumulative FD..