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.
2 % interest on deposit
Rules & Regulations for Daily Deposit Bank Account :
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- Every Depositor must have to fulfill KYC norms as per RBI directives
- Guardian can open Minor’s Recurring A/c. When minor turns major, thereafter providing valid age proof, he/she can withdraw the amount with his/her own signature.
- The prematurity amount is payable after 6 month of opening account date then bank has given the interest and no penalty charges.
- The prematurity amount payable before 3 month of opening account date then bank has not given the interest and take 100 Rs. Penalty charge.
- The prematurity amount payable after 3 month and before the 6 month of opening account date then bank has given interest but take 100 rs. Penalty charge.
- If customer’s deposit more then 100000 lakh then customer provided PAN Card.
- Loan facility is available against Fix deposit receipt to pass 90%.
- Interest on Daily deposit is calculated on daily balances as per RBI’s directives
- The customer must have to preserve safely his/her passbook in custody. The Bank is not responsible for any misuse of cheque book & pass book
- If maturity and prematurity amount is more then 20000/- bank has not payment in cash mode.