Money Multiplier Deposit Certificate (MMDC). The interest accrued gets credited to the principal. The MMDC Scheme, as the name indicates is a specially formulated product designed to give the best financial returns on an initial investment. Under MMDC. Money Multiplier Deposit Certificate (MMDC) The interest accrued gets added back to the principal giving you an effective interest rate that is higher than the contracted interest rate. This is an ideal scheme to increase your deposits exponentially. IndusInd Bank Personal Loan. Payment on Maturity On maturity, Payment can be made in cash to the customer up to Rupees Twenty thousand. The signatures of all depositors are not required for repayment of the amount of the deposits on maturity. You have to choose the tenure of deposit and interest payout frequency. Credit Card Customer Care. Information is subject to change without notice.
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