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Daily Deposit Account

Info
ELIGIBILITY
INVESTMENT
PERIOD OF DEPOSIT
INTEREST RATE
PERIODICITY OF INTEREST PAYMENT
NOMINATION FACILITY
LOAN FACILITY
PENALTY FOR PRE-MATURE CLOSURE
Details
Individual, a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
Minimum Rs.10/- , Amount may be deposited daily/weekly/monthly
Minimum Period 12 Months
Interest rate is 4.50% , 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 ,
On Maturity , Premature withdrawal permitted with certain conditions
Available
Available upto 80% of the deposit amount
Before 6 Months of Deposit – Penalty of 3.50% will be Deducted.
After 6 Months But Before 1 Year No interest & No Penalty will not be Deducted
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