Daily Recurring Deposit

Daily Recurring Deposit Interest Rate

12 Month 24 Month 36 Month
Demonisation Deposit
Maturity Value Deposit
Maturity Value Deposit
Maturity Value
20 7300 7623 14600 16000 21900 25687
30 10950 11434 21900 24000 32850 38530
40 14600 15246 29200 32000 43800 51373
50 18250 19057 36500 40000 54750 64216
100 36500 38115 73000 80000 109500 128433
200 73000 76230 146000 160000 219000 256865
300 109500 114345 219000 240000 328500 385298
1000 365000 381150 730000 800000 1095000 1284326

Tenure of Payment

The tenure of the account is 12 months and above.

Mode Of Payment:-

a) All payments to the company shall be made either in cash or by cheque/draft against the receipt countersigned by its authorized signatory payments by any mode or media other than mentioned above shall be at the member account holder’s own risk. The cheque/draft shall be credited in the name of member Account Holder subject to clearance by the bank. Out station cheques shall not be accepted.
b) Installments are to be paid regularly in each working day. The member account holder will have to deposit 30 days payment in the month.

Issue Passbook:-

A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.


The Member Account Holder shall surrender the passbook and duly signed maturity form to the company and the maturity shall be paid along with interest as per the below mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period
  • Maturity payment of regular accounts.
    On deposit of Rs. 10/- per day Maturity Amount shall be paid to the Member Account Holder within 7 days from the demand made with the company as per the following chart(for daily mode)
  • Maturity Payment of irregular accounts.
    The account where in the member Account Holder has not continued the account regularly, as specified in clause (1) above would be treated as irregular Account. The company will charge liquidated damages on these irregular accounts on account of non receipt of deposit installments in time and the resultant loss of investment opportunity, etc. The liquidated damages would be deducted from or adjusted against the interest amount payable to the member account holder. No deduction of any kind shall be made from the principal amount deposited by the member account holder. Therefore, at the time of maturity, the payment in these accounts shall be made with interest as per the chart available at the company offices.
  • Pre-Maturity
    Pre-Maturity is not allowed at any point of time but member can avail loan facility.
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