Daily Deposit | Kerala Gramin Bank

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Daily Deposit

Daily Deposit - A unique savings scheme for daily wage earners.
Daily Deposit lets daily income earners save their daily earnings with attractive returns.

Features & Benefits

Ideal savings plan for daily income earners, as it allows them to park their surplus funds on a daily basis.
An authorized agent of KGB collects the daily deposits from the customer’s doorstep.
A scheme which suits all financial classes alike.
An ideal product for those who are into business / self-employment.
Premature closure with applicable penal cuts possible.
Loan facility is available for Daily deposit against the amount present in your deposit account, subject to terms and conditions with interest @ 10%.
TDS applicable as per the extant IT guidelines.
Nomination Facility is available.

Who can Open?

Individuals
Individuals jointly with other Individuals
For Minor Individuals by Guardian
HUF
Sole proprietary concerns
Clubs/Associations
Firms
Joint stock companies
Any other entities as permitted by RBI

How to Open?

Daily Deposits can be opened by visiting our branch.

Interest Rates & Charges

For Deposit interest rates Click here
For Service charges and fees Click here