Daily Deposit Scheme
This is the all-time favourite of business community, specially small retailers, who can very easily spare a little amount every day and wish to accumulate handsome amount over a period of time, say 1 year, 2 year or more.
How Daily Deposit Scheme Works
This is the most convenient method of saving your money because you don’t even have to visit the bank to put your money into your account. Bank’s representative calls on you, completes the formalities for opening a Daily Deposit Account and starts collecting daily installment fixed by you by visiting your shop / residence everyday as per your convenience. And that’s all!
How to Pay Your Instalment?
When you pay your daily instalment, you get a receipt for your money from the Daily Collection Agent appointed by the Bank. You are advised to keep these daily receipts given to you safe in case there is ever any confusion or mistake on the part of anyone.
Salient Features
- Low minimum balance to open the account
- Facility to open the account through collection agent of the bank
- Facility to deposit the small savings on daily basis
- Facility to deposit the small saving through collection agent of the bank on daily basis
- Loan against deposit facility available
Eligibility
- Individuals having 18 years of age and above
- Guardians on behalf of minors
Term and Conditions
Account will be opened for minimum 12 months
