Daily Deposit Scheme

  A unique savings scheme wherein, the daily income earners can park their surplus funds. An authorized agent of the Bank collects the daily deposits from the customer’s doorstep. An ideal product for those who are into business/self-employment. Maturity in 12 months. Premature closure with applicable penal cuts possible. Loan facility is available for Daily deposit Scheme against the amount present in your deposit account, subject to terms and conditions. Nomination Facility available.

Benefit of Daily Deposit Scheme

• Period of Deposit 12 Months.
• Interest Payment Quarterly Compounded Interest payable on maturity.
• Maximum Amount of Deposit No Limit.
• Minimum Amount of Deposit Rs. 100/-
• Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
• Additional Interest Rate for Senior Citizen Not Applicable.
• Eligible Depositors All depositors.