DAILY DEPOSIT ACCOUNT (Pigmy Deposit A/c)
- ELIGIBILITY : Individual, a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
- INVESTMENT : Minimum Rs.100/- , Amount may be deposited daily/weekly/monthly
- PERIOD OF DEPOSIT : Minimum Period 06 Months
- INTEREST RATE : Interest rate as mentioned below. Minimum Interest Period will be 06 Months. In case of Premature Withdrawal - Before 6 Months of Deposit – Commission will be deducted. After 6 Months but before 1 Year, Commission will not be Deducted
- PERIODICITY OF INTEREST PAYMENT : On Maturity, Premature withdrawal permitted with certain conditions
- NOMINATION FACILITY : Available
- LOAN FACILITY : Available up to 80% of the deposit amount
- PENALTY FOR PRE-MATURE CLOSURE : No penal cut.
- APPLICATION & DOCUMENTS : Application Form , Photograph of depositor/s (2 copies) , Proof of address as per KYC Norms (Aadhaar) , Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc
INTEREST RATE ON DAILY DEPOSITS ACCOUNT
- 01 to 06 Months - 05.00%
- 07 to 12 Months - 10.00%
- 13 to 18 Months - 12.00%
- 19 to 24 Months - 14.00%
- 25 to 36 Months - 16.00 %
- 37 to 48 Months - 18.00 %
- 49 to 60 Months - 20.00 %
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