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Pigmy Deposit
Eligibility
Any person with an Indian nationality, an eligible institution, and a child under 18 years old can open a savings account with guardianship.
Features and Benefits
- Account can be open with minimum amount of Rs. 50/-
- If there is a balance in the account for 6 months in a row, then 3% & Annual 5% Interest will be paid daily on the basis of per year percentage.
- Up to 80% of the amount deposited on pigmy deposit amount can be received.
- Under the Pigmi Deposit Scheme, the bank staff will visit the place of your business and deposit the amount.
- In case of a savings or current account with the bank, the account of the Pigmi Deposit Scheme can be opened without completing any documents.
Valid Required Documents
1. Photo
2. Business Proof (Shop Act)
3. Address proof; Aadhar card, electricity bill, telephone bill
4. PAN card Zerox