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


  • KYC Documents as per RBI guidelines


  • Individuals ( businessmen, professionals, wage earners, traders etc )


  • ROI 3.25%
Important to note:

TDS will be applicable as per Income Tax act 1961.
Form 15H/15G required to be submitted for exemption of TDS


Mini Deposit FormForm 15HForm 15G