Home- Saving Deposit

This is the modern kind of bank deposit aiming at the promotion of saving habit amongst the low income group of the people. The bank for the purpose, gives a small box to the customer which locked. The Account holder takes the box to home and drops the small saving in this box from time to time. After a period, the customer goes to the bank with the box, it opened before the bank officer, amount of money is taken out and deposited in his account. A nominal interest is paid on this account. This is the best way to create interest in saving amongst the low income people as well as children.