Daily Deposit Scheme is a monetary deposit scheme introduced by JAN UTKARSH NIDHI LIMITED to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements.
Tenure of payment:
The tenure of the account 12 months and above.
Mode of payment:
All payments to the company shall be made either in cash or by cheque. Member can directly
deposit at Branch or Bank’s Advisor of your area will collect for your door-step.
Issue of pass book:
A pass book will be issued to every member of account holder. The member account holder
shall get the pass book updated at regular intervals. If any discrepancy or differenced in the
amount is found between the entries made in the passbooks and receipts duly counter signed
by the authorized signatory of the branch office bearing seal. Payment shall be made on the
basis of receipts only.
Daily Deposit Scheme Features & Benefits:-
- In this scheme money can be deposited into an account on daily basis.
- The amount may be as small as Rupees 100/- .
- The unique characteristic of this scheme is that an agent from the bank collects money to be deposited, on daily basis, from doorsteps of account holder.
- The minimum denomination of the scheme is Rs.100/- per day and in multiples of 100.
- A minimum FD would be of Rs.50 and further in multiple of Rs.100.
- Interest calculation shall be on monthly basis compounding.
- The tenure of the account 12 months and above.
- Earn high rate of interest on your savings.
- Quick and hassle free service at door-step to all members.
- Nomination facility available for deposits. There can be only one Nominee for a deposit
account whether held singly or jointly. Applicants can make nomination by filling up the
prescribed form. The nomination details can be changed during the subsistence of the
account relationship by filling up the prescribed form.
- Minimum lock-in period and pre-closure charges.
Loan Facility on Pigmy Deposits
Member can avail loan facility after successfully payment of all installment during last 3 month
of scheme. Rate of interest shall be linked to the rate of interest offered to pigmy Deposits.
For more details kindly visit to branch or get touch with any bank’s advisor of your area.
| SNo. | Plan Type | Minimum Instalment | ROI(%) | Maturity Amount(Rs) |
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