Mini Deposit (PIGMY)
Small savings can make a big difference. Under this scheme our authorized agent collects your savings at your doorstep at regular intervals.
Key Features
- Deposit is collected from your doorstep on a daily basis by the bank’s authorized agent
- Minimum deposit amount is Rs. 10/- or multiples thereof
- Flexible tenure with minimum period of 12 months and maximum up to 60 months.
- Interest to be compounded on quarterly basis
- Nomination facility
- Loans or Overdraft facility available against deposit up to 80%
- Deposit insured by the DICGC
- Premature withdrawal allowed
Requirements
- KYC Documents as per RBI guidelines
Eligibility
- Individuals ( businessmen, professionals, wage earners, traders etc )
ROI w.e.f 01.08.2021
- ROI 3.25%