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 |