Easy Office
LCI Learning

RD A/c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 April 2016 Interest under Recurring Deposit Account is calculated on cumulative basis.What does that mean?
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
29 April 2016 it means the interest is accumulated......(cumulative). The same is paid once the term is over.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links