- This account can be opened by Individual, Minor, Joint Holder can operate either by both signature or any one signature.
- For Daily Deposit Scheme, Account will be opened for minimum 6 months to 1 year.
- Depositor can deposit Rs.1/- or more than Rs.1/- on daily basis.
- Passbook will be given to the Depositors. Duplicate passbook will be issued if original lost by taking charges for duplicate passbook.
- Daily Bank representative will collect the deposit from the depositor.
- No penalty even if depositor is unable to pay installments regularly.
- Passbook given by the bank will be updated daily. If any mistakes were happened, notice to the concerned officer or Branch Manager.
- For checking purposed, Passbook will be summoned every month in the Bank.
- If the Depositor want to close the account before maturity, only 2% interest will be given.
- In case of Depositors demise the amount will be given to the Nominee.
- In case of emergency, 70% loan will be given to the depositor and extra interest will be charged to the depositor.
- If there is any loan amount pending towards the depositor, Bank has full rights to recover the loan amount at the time of maturity.
Daily Deposit Account
The Shahada People's Co-op Bank Ltd.
