Money can be deposited into an account on daily basis.
Period of deposit is minimum 1 Year.
Repayment with interest on maturity date
Loan can be granted on the accumulated deposit amount
Adults: Any individual aged 18 years and above.
Identity Proof: Aadhaar Card, PAN Card (Mandatory), or Voter ID.
Address Proof: Ration Card, Electricity Bill, or Bank Statement.
Photos: 2 Recent passport-sized photographs.
Minimum deposit: ₹100 per month
Tenure: Flexible options ranging from 1 Year .
| Period (e.g., 1 Year) | Rate of Interest (e.g., 9%) |
|---|---|
| 1 year | 7% |
| 2 year | 9% |
| 3 year | 10.25 |
| 5 year | 12.5% |