DAILY DEPOSITS
The minimum denomination of the scheme is Rs.10/- per day and in multiples of 10. The company reserves the right to reject any application for opening the account without assigning any reason.It may or may not require the creation of a seperate account.The company reserves the right to attach/transfer any account to any its branch.Defaulters will be charged at the rate of Rs. 2/- per Rs. 100/- per 15 days.
Payment Time Table
| Period | Rate Of Interest |
|---|---|
| 3 Month | 7.00% |
| 6 Month | 7.20% |
| 9 Month | 7.50% |
| 12 Month | 8.25% |
| 24 Month | 10.26% |
Pre Mature Closure of deposit
Fore closure of deposit will not be premitted until completion of 33 months from the date of deposits foreclosed after 6 months , interest at 2% will be deducted from the rate of Simple interest for period of deposit.