Deposit Schemes
Daily Deposit
The Daily Deposit Scheme of Payyannur Service Co-operative Bank is a simple and convenient savings plan that encourages you to save a little every day. It is especially suitable for daily wage earners, small traders, and individuals who wish to build savings gradually through small, regular deposits.
With this scheme, customers can start depositing from as low as ₹10 or ₹50 per day, making it easy to grow savings over time. Even a small daily contribution helps maintain your account and builds a strong habit of consistent saving.
Key Features & Benefits
Save daily, earn interest: Small daily savings earn attractive returns.
Doorstep collection service: No need to visit the bank — our authorized collection agents visit you daily to collect deposits and provide instant receipts.
Loan facility: Up to 90% of your total deposit amount can be availed as a loan.
Flexible and secure: Minimum deposit period of one year ensures steady savings growth.
Safe and reliable: Funds remain secure, backed by the trusted Payyanur Co-operative Rural Bank.
Account Details
Minimum deposit: As low as ₹10 per day
Tenure: Minimum of 1 year
Interest: Paid at a nominal rate
Premature closure: Not permitted within one year of account opening