PIGMY Deposit :

The Scheme was originally introduced to help daily wage earners, small traders and farmers to inculcate saving habits and also as a means to fund their bigger capital requirements, such as a wedding, home buying, vehicle purchase etc. The scheme is now offered by several other banks in India.

Terms and conditions :

1. Minimum period of deposit : 6 months

2. Interest will be calculated on product basis

				1. Less than 6 Months : no interest will be credited. (Charges will apply for pre closure or withdrawal)
				2. 12 Months Interest rate will be 4% .

				3. Above 36 Months: Interest rate is 6%.