Features & Benefits
- 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 13 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
| Period of Deposit | 13 Months |
|---|---|
| Interest Payment | Quarterly Compounded Interest payable on maturity |
| Maximum Amount of Deposit | No Limit |
| Minimum Amount of Deposit | Rs. 50/- |
| 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 | Applicable |
| Eligible Depositors | All depositors |
