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Daily Deposit

Under the Daily Deposit (DD account), a specific amount is invested in bank on daily basis for a period of ONE YEAR. After the maturity the depositor can withdraw the amount and close the account. This type of account is mainly for business peoples. Bank Deposit Collection agents to collect the amount from the depositors. They deposited the amount in the morning to the respective branch, the Daily Deposit Collection Agent collects the cash through palmtech machine and gives a receipt with the total balance and present deposited amount.