* Money can be kept in this scheme for at least 03 months.
* Account holder minimum Rs.100 and above Rs.10. Any amount in multiples of can be deposited into the account daily.
* Small and big shopkeepers benefit from this scheme.
* You will get triple loan on the total amount deposited in a month.
* No tax will be deducted on interest on deposit.
* If the amount is withdrawn before 90 days then a pre-maturity deduction @ 4% will be made from the deposit amount.
* Account holder can withdraw amount with interest after 91 days. After completion of 1 year, account holder will get interest at 9% per annum.
| Sr. No. | Duration | Interest rate | Deduction |
|---|---|---|---|
| 1 | Up to 90 days | 0% | 4% |
| 2 | 91 to 180 | 5% | - |
| 3 | 181 to 365 | 7% | - |
| 4 | more than 366 | 9% | - |
