• Welcome To Sawai Madhopur Urban Co-Operative Bank Ltd.
  • swm.ucb@urbanbankswm.com
  • 07462-221375

Daily Deposit

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 :

    • 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.