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Daily Deposit (DD) is a simple savings option where you deposit a small fixed amount every day and earn guaranteed interest over a chosen tenure. It’s ideal for traders, shopkeepers, and individuals with daily income who want to build disciplined saving habits with assured returns.
Daily Deposit (DD), also known as a Pigmy Deposit, is a savings scheme offered mainly by cooperative banks and small financial institutions where customers deposit a small fixed amount daily through bank agents. These deposits are collected every day and at the end of the chosen tenure, the depositor receives the total amount saved along with the interest.
It is designed especially for small traders, shopkeepers, daily wage earners, and businesses who prefer saving in small amounts on a daily basis rather than monthly or yearly.
Encourages people to save small amounts daily, making saving easier for those with daily income.
Provides guaranteed interest at the end of the tenure, making it a safe and low-risk savings option.
You can start with very small daily amounts, making it accessible to traders, shopkeepers, and small businesses.
Bank agents visit and collect deposits directly, saving time and effort for account holders.
Tenures usually range from 1year to 5 years, allowing flexibility based on financial goals.
Helps daily earners and business owners systematically save from their everyday cash flow.
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We offer secure and hassle-free loans and saving services with low interest rates and doorstep service. Our fast, digital process and dedicated support ensure a safe and trusted borrowing experience.