Pigmy Deposit is a daily Savings Scheme. Customer can Open Pigmy A/c with minimum of Rs.50/- per day.
Customers can open Pigmy A/c for 1,2 or 3 years. Interest rates are applicable to Pigmy deposits (urlof interest rates on deposits)
Guardian can open Minor’s Pigmy A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
We offer nomination facility for all deposit accounts.
Rules & Regulation for Recurring Deposit
Requirements
Customer can Open Pigmy A/c with minimum of Rs.50/- per day.
Guardian can open Minor’s Pigmy A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
In exceptional case of premature of Pigmydeposit is available
The prematurity before one year is not eligible for the calculation of interest
In the event of Death of the Depositor, the nominee should complete all legal procedures and receive the balance amount within two months.
Customers have to produce Passbook at the time of installment and maturity
The Board of Directors of the Bank having all rights to change the rules and regulation for the scheme as per RBI directive.
Valid Photo I.D.
Any one of proof (Photo I.D.)
1.Passport,
2.Driving License,
3. Voter ID Card,
4. Government Approved College/university I.Card,
5. Government/Semi government/Department I.Card
Address Proof(Any One)
1. Electricity Bill (not more than 2 months old)
2. BSNL Landline Telephone Bill (not more than 2 months old),
3. Municipal Tax Bill
4. Latest LIC Premium receipt
