Question:

Is the interest on State Bank of India Gold Deposit Scheme is cumulative or non cumulative?

by Guest22774139  |  1 year, 3 month(s) ago

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My query is, Is the interest on State Bank of India Gold Deposit Scheme is cumulative or non cumulative?

 Tags: bank, cumulative, deposit, gold, India, Scheme

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  1. Banking Expert
    Both options are available. In cumulative option, interest is compounded and paid on maturity. In non-cumulative option, interest is paid on 31st March every year.

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