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What is meaning of cumulative method of interest

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(Querist)
31 October 2024 what is meaning of cumulative method of interest in the case of FDs.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 November 2024 In these FDs interest is not paid, but accrued to principal amount at fixed interval of time, mostly every quarterly.
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