Deposit by way of daily amount is made in the account during the one year.
- Nomination facility available.
- Premature payment available (certain terms & Condition apply)
- Loan facility against the Deposit available.
- KYC not required, if already having Saving Account with the Bank.
- 3.0% interest on deposit
Rules & Regulations for Daily Deposit Bank Account
- Every Depositor must have to fulfill KYC norms as per RBI directives
- Guardian can open Minor’s Daily Deposit A/c. When minor turns major, thereafter providing valid age proof, They can withdraw the amount with their own signature.
- The premature amount is payable after 3 month of opening account date.
- if customer’s deposit more then 100000 lakh then customer provided PAN Card.
- Loan facility is available against Daily deposit up to 70%.
- Interest on Daily deposit is calculated on Daily basis.
- The customer must have to preserve safely their passbook in custody. The Bank is not responsible for any misuse of their pass book
- If maturity and prematurity amount is more than 20000/- bank has not payment in cash mode.