August 19, 2020
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When will the interest be credited in Non-cumulative scheme?
In a Non-cumulative scheme the interest will be credited on the Last day of every month in case of Monthly, Last day of March/June/September and December in case of Quarterly.
The first interest will be paid on the last day of the month in which the FD is processed E.g. If the customer has initiated the FD on 20th March and has requested for a monthly interest, the same will be paid on the subsequent month end that is 31st March.
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