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Reinvestment option in Fixed Deposits

Choose the reinvestment option in fixed deposits for maximum returns from your

Can you suggest Fixed Deposit investment options with cumulative compounded interest.
- Ramesh Dandekar

In a cumulative fixed deposit, interest is reinvested with principal amount and compounded as per the time period mentioned. Maturity of these fixed deposits ranges from six months to 10 years.

Few of the banks that offer the reinvestment option for fixed deposits include Andhra Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Overseas Bank, Punjab National Bank, Union Bank of India, State of Bank of India and Axis Bank.

You can visit either of these banks' branches and make your deposit.

This article was originally published on April 19, 2013.

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