A "Cumulative deposit" is typically another name for a Recurring Deposit (RD) or a Cash Certificate, where interest is compounded and paid at maturity, rather than at regular intervals. Given the schemes listed, it's highly probable that one of the following is the bank's cumulative deposit scheme:
- Recurring Deposit: A scheme where you make regular, fixed deposits over a set period, and the entire principal plus compounded interest is paid at the end of the term.
- Gajanana Cash Certificate / Ganapathi Deposit: These are likely a type of fixed deposit or a specific certificate scheme where the interest is accumulated and paid at maturity, providing a cumulative return.
To get the most accurate and up-to-date information, including interest rates, features, and terms and conditions, you should contact the bank directly through their official channels:
- Visit a branch: The best way to get detailed information is to visit a branch of Sri Ganapathi Urban Co-Operative Bank Ltd.
- Contact the bank by phone: You can call them using the contact numbers provided on their official website.
