Daily Deposit Account

Info

Details

ELIGIBILITY

Individual, a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution

INVESTMENT

Minimum Rs.10/- , Amount may be deposited daily/weekly/monthly

PERIOD OF DEPOSIT

Minimum Period 12 Months

INTEREST RATE

Interest rate is 3% , The rates of interest are as fixed by the society from time to time. , Minimum Interest Period will be 1 Year , In case of Premature Withdrawal , Before 6 Months of Deposit – Commission will be Deducted , After 6 Months But Before 1 Yr No interest & Commission will not be Deducted

PERIODICITY OF INTEREST PAYMENT

On Maturity , Premature withdrawal permitted with certain conditions

NOMINATION FACILITY

Available

LOAN FACILITY

Available upto 80% of the deposit amount

PENALTY FOR PRE-MATURE CLOSURE

No penal cut.

APPLICATION & DOCUMENTS

Application Form , Photograph of depositor/s (2 copies) , Proof of address as per KYC Norms , Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc