No.F 1230, HO. Kolachery Mukk, Kannur - PIN: 670 601
The Daily Deposit Scheme (DDS) is a small savings initiative introduced to encourage the habit of thrift and regular savings among individuals. This scheme is especially beneficial for daily wage earners, small traders, and people with irregular income.
Customers can deposit any amount — small or big — on a daily basis, even amounts below ₹100, making it easy to keep their accounts active. The scheme offers flexibility, convenience, and financial discipline, helping customers build savings gradually without financial strain.
Up to 90% of the total deposited amount can be availed as a loan, offering financial support during emergencies or business needs.
The Daily Deposit Scheme is open to individuals who wish to save small amounts regularly. It is particularly suitable for self-employed persons, vendors, shop owners, and individuals with daily or weekly income.
Authorized bank agents collect daily deposits directly from the customer’s location, ensuring convenience and saving valuable time. Each deposit is recorded, and a receipt is issued immediately for transparency and trust.
Customers maintaining the DDS account regularly are eligible for a loan of up to 90% of their accumulated deposits, subject to bank rules and conditions. This feature provides financial flexibility without disturbing long-term savings.