Pigmy Deposit
A Pigmy Deposit is a convenient savings scheme specially designed for individuals with daily income, enabling them to save small amounts regularly and build a secure financial future.
At The Rashtrakuta Souharda Co-operative Society Limited, the Pigmy Deposit scheme allows members to deposit money daily through our authorized representatives who collect savings directly from their doorstep, ensuring maximum convenience and consistency.
This scheme is ideal for small traders, vendors, self-employed individuals, and daily wage earners who wish to develop a disciplined saving habit without the burden of large investments.
Pigmy Deposit Scheme
A convenient daily savings plan specially designed for traders, small business owners, and daily income earners.
Pigmy Deposit Features
| Features | Details |
|---|---|
| Minimum Daily Deposit | ₹50/- |
| Collection Facility | Doorstep Collection Available |
| Deposit Frequency | Daily Collection |
| Suitable For | Traders, Shops, Daily Wage Earners |
| Loan Facility | Available Against Deposit |
| Nomination Facility | Available |
| Maximum Deposit Limit | No Maximum Limit |
| Withdrawal Facility | Easy & Flexible Withdrawals |
Why Choose Pigmy Deposit?
Pigmy Deposit accounts encourage disciplined daily savings and provide financial security for future personal, family, and business needs. The scheme is simple, flexible, and convenient for members who wish to save small amounts regularly.
Pigmy Deposit Highlights
- Daily collection of savings through authorized representatives
- Minimum deposit starts from Rs. 50/- per day
- Flexible saving amount based on daily income capacity
- Convenient doorstep collection facility
- Instant printed receipt for every transaction
- Safe and secure method of saving small amounts regularly
- Encourages disciplined and consistent saving habits
- Nomination facility available for deposit security
- Premature withdrawal allowed as per society rules
Pigmy Deposit is a simple and convenient savings scheme that helps members build financial stability by depositing small amounts on a daily basis, making it ideal for individuals with regular cash income.
Eligibility
Pigmy Deposit accounts can be opened by:
- Individual members
- Daily wage earners
- Small shopkeepers and traders
- Self-employed individuals
- Street vendors and small business owners
- Joint account holders
- Minors through guardian
This scheme is specially designed for individuals who prefer saving small amounts regularly through a simple and convenient daily deposit system.
| Pigmy Deposit Details | |
|---|---|
| Minimum Deposit | Rs. 50/- per day |
| Maximum Deposit | No specific upper limit (as per society policy) |
| Collection Method | Daily doorstep collection by authorized Pigmy agents |
| Deposit Frequency | Daily (flexible based on member convenience) |
| Tenure | Flexible – based on member requirement or scheme guidelines |
| Interest | Applicable as per the rules of The Rashtrakuta Souharda Co-operative Society Limited |
Facilities & Services
The Pigmy Deposit Scheme at The Rashtrakuta Souharda Co-operative Society Limited is designed to provide maximum convenience and flexibility to members.
- Daily doorstep collection by authorized Pigmy agents
- Instant receipt provided for every deposit
- Flexible deposit amount based on daily earning capacity
- Safe and secure handling of member savings
- Regular tracking and support from field representatives
- Assistance for deposit closure and settlement
Our Pigmy agents ensure convenient and reliable collection services, helping members maintain consistent savings without visiting the branch.
Nomination Facility
Nomination facility is available for Pigmy Deposit accounts to ensure that the accumulated savings can be transferred to the nominee in case of unforeseen circumstances.
Premature Closure
Premature closure of the Pigmy Deposit account is allowed as per the rules of the society. Applicable interest will be paid based on the period of deposit and prevailing policies.
Deposit Closure & Settlement
On completion of the deposit period or on request, the accumulated amount along with applicable interest will be paid to the member as per society norms.
Interest Applicability
Interest on Pigmy Deposits is calculated and paid as per the policies of The Rashtrakuta Souharda Co-operative Society Limited. Members are advised to contact the branch for the latest applicable rates.
