A daily deposit scheme is a special type of savings account ideal for daily income earners to park their surplus funds with attractive returns. Individuals (single or joint), guardians on behalf of minors, HUF, joint stock companies, clubs/associations, sole proprietary concerns, and other RBI-permitted entities can open a daily deposit account with Areekode Service Co-operative Bank. Either the account holder can deposit the money daily at the bank or the authorized agent of the bank will collect it from the customer's doorstep.
At Areekode Service Co-operative bank, one can deposit daily a minimum deposit of Rs.10.00 or multiples of Rs.10.00, for a duration of 120 days. The amount deposited can be withdrawn only after completing the fixed tenure duration.
The following are the documents required for opening a daily deposit account.