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
- 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.
Requirements
- Valid Photo I.D.
- Any one of proof (Photo I.D.)
- Passport
- Driving License
- Voter ID Card
- Government Approved College/university I.Card,
- Government/Semi government/Department I.Card
- Address Proof(Any One)
- Electricity Bill (not more than 2 months old)
- BSNL Landline Telephone Bill (not more than 2 months old)
- Municipal Tax Bill
- Latest LIC Premium receipt
- Passport Size Photograph – 2 Copies
- Pan Card
- Adhar Card
- Birth Certificate for minor account