Pigmy Plus - Daily Deposit Scheme
NavaShakthi Souhardha Credit Co-Operative Limited introduces the Pigmy Plus Deposit for customers who want to remit/meet their periodical remittances like LIC Premium, Vehicle Insurance, School/college Fees, Loan Installments, Property Tax, etc.
The daily deposits remitted by the Pigmy Plus depositors will be appropriated towards their payments by way of Standing Instructions and remitted by NavaShakthi Souhardha Credit Co-Operative Limited regularly as per the due dates of payments based on the mandate given by the customers.
The agents will collect the daily deposits from customers on a daily basis which attracts 2% interest per annum. No other costs will be charged from customers for the service given by NavaShakthi Souhardha Credit Co-Operative Limited.
The agents will collect the daily deposits from customers on a daily basis which attracts 2% interest per annum. No other costs will be charged from customers for the service given by NavaShakthi Souhardha Credit Co-Operative Limited.
Terms and Conditions
- Minimum contribution of Rs. 50/- per day per customer.
- Interest of 2% P.A.will be paid on deposits quarterly / half-yearly
- No Term Deposits shall be made for Members of NavaShakthi Souhardha Credit Co-Operative Limited
- Customers should maintain a minimum balance of Rs. 1000
- No pre-closure is allowed for deposits less than 6 months
- Depositors can avail a loan against PDs
- In case of the death of the customer, the term deposit will be automatically transferred to Nominee as per the mandate.
- Interest is payable annually along with refund on maturity.
- The daily contribution should be regular.