Pigmy Deposit Scheme is a monetary deposit scheme introduced by Syndicate Bank India.
Money can be deposited into an account on daily basis. The amount may be as small as Rupees five. It can be called a recurring deposit scheme, as the money is deposited almost daily. The unique characteristic of this scheme is that a bank agent collects the money daily, from the account holder's doorstep.
Tenure
ROI For General Public (% p.a)
ROI For Senior Citizens (% p.a)
0 days to 14 days
4
4
The current account records a nation's transactions with the rest of the world—specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments—over a defined period of time, such as a year or a quarter. We have 37,195 lakh balances in our current and we are aiming 500crs.
Tenure
ROI For General Public (% p.a)
ROI For Senior Citizens (% p.a)
A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
Tenure
ROI For General Public (% p.a)
ROI For Senior Citizens (% p.a)
15 day's to 45 day's
3
0
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs. Savings accounts have some limitations on how often you can withdraw funds, but generally offer exceptional flexibility that’s ideal for building an emergency fund, saving for a short-term goal like buying a car or going on
Tenure
ROI For General Public (% p.a)
ROI For Senior Citizens (% p.a)
1 Month
4
4
A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.It is similar to making fixed deposits of a certain amount in monthly instalments. This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up thei
