PIGMY DEPOSIT ACCOUNTS
This scheme is intended to mop up the small savings and is specially designed for daily savers of small means and based on daily door collection. The Bank’s authorized agents will collect customers door steps at daily or less frequent intervals in tune with your convenience.
Documents required for account opening
1) Co-operative Institutions, other firms, Public and Private Limited Companies, HUF, Trust, Government and Semi Government Departments.
- Application in the Bank’s prescribed form.
- Certificate of commencement of business.
- Partnership deed
- Certificate of Incorporation and the resolution of the Board of management.
- License copy
- Permanent Account Number
- Authorized officials ID proof , 2 photos and PAN
- Necessary information required by the Bank.
2) Individuals
- Application in the Bank’s prescribed form.
- Two Passport size Photographs
- Aadhar card Xerox
- Permanent Account Number
- Address proof – Pass port, Driving Licence, Voter ID, aadhar
3) Account Advantage and Features
- Nomination facility is available on Individual Customers
- Minor accounts
- Minimum Rs.100/- Maximum – No ceiling.
- Minimum 12 months, maximum 60 months.
- Rate of Interest 1%.
- Pass books are supplied free of charges for first time.
- No interest paid to closure of deposits within 12 months.
- This scheme is intended to mop up the small savings and is specially designed for daily savers of small means and based on daily door collection. The Bank’s authorized agents will collect your savings at your door steps at daily or less frequent intervals in tune with your convenience.
- The scheme is applicable to authorized branches only. For more details kindly visit near by Branch.