Deposit Schemes
Pigmy Deposit
Interest Rate
1. 5.0 % for 10 days 2. 5.5 % for 30 days
Any individual in his own name can open the account
1. The initial deposit for opening the account is Rs. 100/- thereafter the depositor can deposit any amount in the multiples of Rs. 100/- daily or with regular intervals at his/her convenience.
2. The tenure of the deposit is 12 months.
3. However a loan can be availed up to 85% of the amount lying in his account.
4. The terms of loan are as applicable to any other loan against deposits.
5. The daily deposits can be made either by the depositor himself or he can handover the amount of deposit to our representative who calls on him every day.
Premature available as per Bank Rules and no interest should be allowed on premature.
