Pigmy Deposit

  • 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

  • Passport Size Photograph – 2 Copies
  • Pan Card
  • Adhar Card
  • Birth Certificate for minor account