Empowering Daily Earners
Our Daily Deposit Scheme, popularly known as a Pigmy Deposit, is a unique financial product aimed at small business owners, vendors, and daily wage earners. This scheme fosters a micro-saving habit by allowing you to deposit small amounts of money every day.
Key Features
- Doorstep Collection: Our authorized agent collects your deposit from you daily.
- Low Minimum Deposit: Start saving with an amount as low as ₹10 per day.
- Flexible Liquidity: Access your funds when you need them.
Daily Deposit (PIGMY)
1) DDS 365 Day
- Rate of interest- 7.75% p.a.
- Interest is calculated based on an annual compound rate.
- Daily collection will be done for 365 days in a year.
- No pre-withdrawal is allowed before 90 days.
- Pre withdrawal before 180 days will incur 5 % collection charges P.M.
- Pre- withdrawal between 181 days to 271 days only deposited amount will be refunded without any interest.
- Only regular depositors will be eligible for 7.75% interest on maturity.
2) DDS 180 Days
- Rate of interest- 5.75 % p.a.
- Interest is calculated based on an annual compound rate.
- Daily collection will be done for 180 days in a year.
- No pre-withdrawal is allowed before 45 days.
- Pre withdrawal before 90 days will incur 5 % collection charges P.M.
- Pre- withdrawal between 91 days to 150 days only deposited amount will be refunded without any interest.
- Only regular depositors will be eligible for 5.75 S% interest on maturity.
3) DDS 90 Days
- Rate of interest- 3 % p.a.
- Interest is calculated based on an annual compound rate.
- Daily collection will be done for 90 days in a year.
- No pre-withdrawal is allowed before 30 days.
- Pre withdrawal before 45 days will incur 5 % collection charges P.M.
- Pre- withdrawal between 46 days to 75 days only deposited amount will be refunded without any interest.
- Only regular depositors will be eligible for 4% interest in maturity.