Valsad District Central Co. Op. Bank Ltd.

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Cumulative Deposit

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Cumulative Deposit
What is a Cumulative Deposit Bank Account?

In Reinvestment deposits, interest is calculated quarterly or half yearly and added to the principal amount. In Cumulative deposit scheme, interest is payable at the time of maturity along with the principal. This scheme is suitable for persons who do not require periodical interest payment and this can be thought of as a money multiplier scheme.

Types Of Cumulative Deposit
Facilities In Cumulative Deposit Account
Apply Online For Account

Refer KYC Document List For Opening Account

Submit your Inquiry for Opening New Account

Know About Interest Rate

Refer Interest Rate Page for Fixed Deposit Account

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