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 Not Applicable
Eligible Depositors All depositors