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Adarsh Daily Deposite

DAILY DEPOSIT

Even the smallest savings count on a rainy day. Daily Deposit Scheme is a popular product which works on the same philosophy. With as low as ₹ 10 per day, you can save enough money through DD scheme along with earning an impressive interest as well. It is popularly known as Pigmy Deposit.

Period (in months)Rate of Interest (in % per annum)
128.00
2410.00

Minimum amount ₹ 10 or multiple of ₹ 5
Interest rates effective from May 03, 2017
Interest is basis on daily products

FAQ

What is the tenure of a Daily Deposit Scheme?

The minimum tenure is 1 year and maximum tenure is 2 years for a Daily Deposit Scheme.

How much is the minimum investment amount for Daily Deposit Scheme?

The minimum amount of investment is Rs. 10 for Daily Deposit Scheme and after that, in multiples of Rs. 5/-.

How much interest can members earn in Daily Deposit Scheme?

The interest rate of the product is 8% for 1 Year and 10% for 2 Years.

Is there any facility for prematurity in Daily Deposit Scheme?

Premature facility is available based on the following rules:-
(A) DDS 01 Year:-

  • <= 03 months → Not available
  • > 03 to 05 months → Allowed without interest, deduction of service charge- 3% and Rs. 30/- stationary charge
  • >5 to 7 months → Allowed without interest, deduction of Rs. 30/- stationary charge
  • >07 to 09 months → Allowed with 3% interest, deduction of Rs. 30/- stationary charge
  • >09 T=to 11 months → Allowed with 4% interest, deduction of Rs. 30/- stationary charge
  • >11 to 12 months → Allowed with 5% interest, deduction of Rs. 30/- stationary charge

(B)DDS 02 Years:-

  • <= 13 months → Not available
  • >13 to 18 months → Allowed with 3% interest, deduction of Rs. 30/- stationary charge
  • >18 to 24 months → Allowed with 4% interest, deduction of Rs. 30/- stationary charge

Is there any facility for loan in Daily Deposit Scheme?

Yes! Loan facility is available against Daily Deposit Scheme. Members can avail maximum 60% loan against their investment amount in DDS (Minimum Deposit Balance Rs. 1000/-). Interest rate will be applicable as per rules of the Society.

Are there any special benefits in the rate of interest for senior citizens and women?

No! Rate of interest is fixed in this product, so no special benefits available for senior citizens and women.

INVEST IN DD SCHEME

Daily Deposit Scheme (DD) is offered by Adarsh Credit Co-operative Society to the members so that they can make savings on daily basis. Adarsh Credit’s DD scheme allows members to regularly save money by investing a little portion of earning every day for a defined period of time. Our DD scheme allows you to invest the amount as small as ₹ 10 and further, in multiples of ₹ 5.

In DD scheme of Adarsh Credit, you can make investment for the tenure of 1 year or 2 years. Under Daily Deposit Scheme, you can avail 8% interest rate for 1 year and 10% for 2 years. Popularly known as Pigmy Deposit, Daily Deposit holds too many benefits apart from daily savings such as loan facility and prematurity. So come, invest your money in tiny portions and see your investment grow from small to big!.

Disclaimer: All the products and services of the Society are exclusively available for members of Adarsh Credit Co-operative Society Ltd. only.