Daman is a city and a municipal council in Daman district in the state of Daman & Diu, India. Although the Indian Air Force operates Daman Airport there is no public airport in the area.Daman District is an enclave on the western coast of India, surrounded by Valsad District of Gujarat on the north, east and south and the Arabian Sea to the west. The district has an area of 72 km², and a population of 113,949 (2001 census), which increased 83% between 1991 and 2001.

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The interest rates offered also vary, depending on factors like age of the consumer, total family income, tenure of the loan, other assets held and credit-worthiness, judging from past transactions.