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Pigmy Deposit
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ELIGIBILITY
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- Saving account is compulsory.
- Any Resident Individual - Single Accounts.
- Two or more individuals in Joint Accounts,(maximum 4 persons***)
- Illiterate Persons
- Visually Impaired Persons
- Minors
- Associations, Clubs,Trusts, Institutions/Agencies, Partnership firm,
Private limited companies, Proprietory concerns.
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FEATURES
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- Door to door banking facility.
- Pigmy deposit collection will be done by our authorised agent.
- Daily installments can be for any amount starting from as low as Rs.50/- onwards.
- An account can be opened for any period ranging from 6 months to 12 months.
- The installment amount selected at the start of the scheme will be payable every day.
- The number of installments once selected, cannot be altered.
- The maturity amount will be paid at the time of maturity date.
- Provision for nomination.
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Initial deposit for opening Pigmy Deposite Account : Rs.50 onwards.
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RATE OF INTEREST
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Interest @ 3 % p.a., are being calculated on monthly product basis
and will be credited at the time of closing the account.
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PASS BOOK
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Pass book will be given to every pigmy depositor with pigmy
account number with his/her name and address and all
transactions with date,balance and vice-versa.
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DOCUMENTS REQUIRED FOR OPENING AN ACCOUNT
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- Two copies of latest color photographs.
- Proof of residence (passport, driving license, ration card, voters card, electricity bill, aadhar card etc.)
- Photo Identity Proof.
- Introduction by person known and acceptable to the patsanstha.
- Permanent Account Number (PAN) with original for verification.
- Initial deposit in cash.
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