DAILY DEPOSIT SCHEMES

---

 Daily Deposit Scheme is a monetary deposit scheme introduced to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.” 

• Minimum amount that can be deposited is Rs 100/- or in multiple of Rs 100/-
• The period of deposit is minimum one year and maximum two year.
• The rate of interest is 8.00 p.a% to 9.00% p.a
• Interest rate calculated on quarterly compounding basis