NIRANTARA DAILY
DEPOSIT SCHEME

  • Collection of savings at the door steps of the customers who are not in a position to visit the Bank.
  • Minimum contribution under the scheme is Rs.20/- and in multiples of Rs.10/-.
  • Term: 72 Months (6 Years)
  • Interest on Deposits:
    • Interest on deposit remaining with Bank upto 12 months - NIL
    • Interest on deposit remaining with Bank after 1year and before than 3 year  - 2%
    • Interest on deposit remaining with Bank after 3 year and before maturity - 3%
    • Interest on deposit remaining with Bank for 72 months(on maturity) 4%
    • Premature Closure Conditions:
      1. Before completion of 6 months: Not permitted
      2. After 6 months but before 12 months: Without interest but with penalty @2%
      3. For transfer of partial ND amount to loan accounts 2% commission is to be collected irrespective of completed period of deposit.
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