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Daily Deposit

Daily Deposit Scheme :

Deposit Amount(in Rs) 12 Months 24 Months 36 Months 60 Months
Total Deposit 6.00% Total Deposit 6.50% Total Deposit 7.00% Total Deposit 7.25%
10000 3600000 3719100 7200000 7708300 10800000 12048900 18000000 21748000
5000 1800000 1859550 3600000 3854150 5400000 6024450 9000000 10874000
2000 720000 743820 1440000 1541660 2160000 2409780 3600000 4349600
1000 360000 37191 720000 77083 1080000 1204890 1800000 2174800
500 180000 185955 360000 385415 540000 602445 900000 1087400
200 72000 74382 144000 154166 216000 240978 360000 434960
100 36000 36986 72000 77083 108000 120489 180000 217480

Daily Deposit Scheme Terms :

  • Interest will be calculated on Yearly simple basis.
  • Daily Deposit Scheme DDS minimum amount Rs 20/-,there after in multiples of Rs 10/-
  • Lapse on payment of installment amount will make the defaulter and Charges at the 2% per month with installment amount.
  • 1 month after paying last installment or maturity amount due dates whichever is more will be applicable for payment of maturity amount.
  • Irregular deposits are not entitled for pre mature payment and loan facility against it.
  • On irregular deposits if all irregular pending deposits are paid then such account will be treated as regular. Even if there is default in payment of 1 installment, the said account will be treated as irregular.
  • After maturity date, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account.
  • Pre-Maturity is not Applicable at any point of time.
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