DAILY DEPOSIT

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Day deposits are deposits collected from the door steps of the customer by authorized representative of the Bank. The minimum period of deposit is 365 days and on maturity the remitted amount is paid back with interest. The customer can take loans against the paid up amounts of Day deposits as any deposit loan. It is also a repayment mode for the petty trade loan. The deposit can be closed prematurely AS PER THE TERMS AND CONDITION PREVAILING AT THE TIME OF ACCOUNT OPENING