Pigmy Deposit
- Pigmy Deposit is a daily Savings Scheme. Customer can open Pigmy A/c with a minimum of Rs.50/- per day.
- Customers can open Pigmy A/c for 1,2, or 3 years. Interest rates apply to Pigmy deposits (interest rates on deposits).
- Guardian can open Minor’s Pigmy A/c. When a minor turns major, then after providing valid age proof, he/she can withdraw the amount with his/her signature.
- We offer a nomination facility for all deposit accounts.
Rules & Regulations for Recurring Deposit
- Customer can open Pigmy A/c with a minimum of Rs.50/- per day.
- Guardian can open Minor’s Pigmy A/c. When a minor turns major, then after providing valid age proof, he/she can withdraw the amount with his/her signature.
- In the 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 the Death of the Depositor, the nominee should complete all legal procedures and receive the balance amount within two months.
- Customers have to produce a Passbook at the time of installment and maturity
- The Board of Directors of the Bank has all right to change the rules and regulations for the scheme as per the RBI directive.
Requirements
- Valid Photo I.D.
- Any one of the proofs (Photo I.D.)
- Passport
- Driving License
- Voter ID Card
- Government Approved College/University I-Card,
- Government/Semi-government/Department I-Card
- 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 a minor account
