Baba 1 Year Daily Savings” refers to a savings plan where small amounts are deposited daily over the course of one year. This type of plan is typically offered by financial institutions such as cooperatives or microfinance organizations.
Under this scheme, the customer saves a fixed small amount every day—such as NPR 20 daily—for a full year (12 months). At the end of the year, the total amount saved along with the earned interest is returned to the customer.