Freedom Daily Deposit

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The scheme envisages attracting deposits in small amounts from daily wage / income earners like professionals, small business people, Technicians, skilled labour, etc. Members have to deposit a pre-determined amount on daily basis for a defined period and at the end of the period the amount deposited will be paid with cumulative interest .

  •  Minimum amount of daily deposit Rs. 100/-(360 days in a year)
  •  Maximum daily deposit 10,000/-
  • In respect of bank holidays, the daily deposit shall be deposited on the next working day
  •  In case of default in depositing daily amount on a working day, a penalty of Rs. 1/- per Rs. 100/- per day (for the entire default days)
  • Pre-mature payment allowed but no interest will be paid for pre-mature payment before 3 moths
  •  Pre-mature payment after 3 months carries 1% penalty on the applicable interest for the period of deposit.

 

DAILY DEPOSITS SCHEME

  Amount Of Daily Deposit(Rs) 1 Year(Rs) 2 Year(Rs) 3 Year(Rs) 6 Year(Rs)
SENIOR CITIZENS, DEFENCE PERSONS & WOMEN
400
1,000
2000
4000
1,49,914
3,74,784
7,49,568
14,99,137
3,15,480
7,88,698
15,77,396
21,54,792
5,03,540
12,58,853
25,17,706
50,35,412
11,82,408
29,56,020
59,12,040
1,18,24,080
OTHERS
400
1000
2000
4000
1,49,159
3,72,898
7,45,796
14,91,590
31,2270
7,80,675
15,61,350
31,22,700
4,95,746
12,39,366
24,78,732
49,57,464
11,44,502
28,61,255
57,22,510
1,14,45,022

 

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