Pigmy Deposit Scheme
The Pigmy Deposit Scheme is a unique savings initiative typically offered by cooperative banks and financial institutions to encourage small savings from individuals, particularly those who may not have easy access to traditional banking services. The Pigmy Deposit Scheme by Raj Ganga MultiState is a practical and efficient way to inculcate a savings habit among individuals, providing them with an opportunity to build a secure financial future through small, regular deposits.
Rajganga for Your Daily Savings?
Daily Deposits
Small amounts can be deposited daily, making it accessible to individuals with varying income levels.
Flexible Tenure Options
The tenure can range from 1 year to 5 years, depending on the customer's preference.
Attractive Interest Rates
Competitive interest rates, often compounded quarterly, providing good returns on the deposits.
Passbook Facility
Depositors are provided with a passbook to keep track of their deposits and accrued interest.
Nomination Facility
Allows the account holder to nominate a beneficiary.
Loan Against Deposit
Option to withdraw the deposited amount before maturity, though it might attract a penalty and reduced interest rate.