What is Daily Deposit?
Little drops of water make a mighty ocean. This deposit scheme suits the needs of everyone viz. businessmen, professionals, shopkeepers, garage owners & workers, wage earners, teachers, salaried personnel, traders, housewives etc. You can save money with the Bank regularly depending on your convenience.
A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the bank and represents the amount owed by the bank to the customer.
Some banks may charge a fee for this service, while others may pay the customer interest on the funds deposited.