Daily Deposit Scheme
90 Days :
- No interest to customer
- Premature withdrawal only after one month with no deduction.
365 Days :
- Collection to be done for minimum 25 days in a month
- No premature withdrawal before 3 months
- From 3-6 months premature withdrawal: No interest will be paid. Service charge of 2% will be deducted from the deposited amount.
- After 6 month & before 9 month premature withdrawal: No interest will be paid. No deduction.
- After 9 month & before 12 month premature withdrawal: Interest of only 2.0% will be applicable
- Interest will be paid @7% p.a. Recurring calculator for MIS 365 days. Interest will not be accrued for month in which maturity is due.