Deposits
Daily Deposit (onsite collection)
In daily deposit scheme a specific amount is invested in the bank on daily basis for a fixed rate of return. The bank provides onsite collection of deposit in this scheme. This scheme meant for small business man and small business firms. The scheme provides maturity period from 100 days to 365 days.
Key Features & Benefits:
Daily Onsite Collection - We come to you every day
Start Small, Save Big - Deposit as little as ₹10/day
Flexible Tenure - Choose a period that suits your needs (6 months to 5 years)
Secure & Receipt-Based - Official receipts provided for each collection
Attractive Interest Rates - Competitive with standard recurring deposits
Safe & Disciplined Saving - Encourages daily saving habits
Loan Facility Available - Borrow against your deposit up to a certain limit
Ideal for Cash-Flow Businesses - Tailored for traders, shopkeepers, daily wage earners
How It Works:
Open a Daily Deposit Account with your preferred daily amount and term.
Our authorized agent visits you each day to collect the deposit.
You receive an official receipt/passbook update every day.
At the end of the term, your deposits plus interest are paid to you in full.
Account Snapshot:
| Feature | Details |
|---|---|
| Minimum Deposit | ₹10 per day (in multiples of ₹10) |
| Tenure | 6 months to 5 years |
| Collection Mode | Daily (by bank agent at your location) |
| Interest Rate | Competitive (fixed during deposit tenure) |
| Withdrawal | At maturity; premature allowed with penalty |
| Loan Facility | Up to 75–90% of balance (subject to approval) |
Documents Required:
Aadhaar Card / Voter ID
PAN Card (if applicable)
Address proof (electricity bill, ration card, etc.)
Recent passport-size photo
Introduction/reference as per bank norms
Important Notes:
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Ensure you receive a receipt or passbook entry every day.
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Notify the bank if your collector is delayed or absent.
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Avoid missing daily deposits to ensure full maturity benefits.
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Premature withdrawal is allowed with interest adjustment.