Pigmy Account
Who can open an account
Savings Bank Account can be opened by an individual in his own name or by more than one individual in their joint names payable to all of them jointly or any one or more or survivor/s.
Guardian on behalf of a minor furnishing a declaration as to the date of birth of the minor.
A minor over the age of 10 years in his own name provided the minor produces the satisfactory proof of his / her date of birth such as Date of birth certificate, issued by corporation / hospital, school certificate etc. [However the maximum balance in such account shall be restricted to Rs.10,000/-].
Secretaries / treasurers / managers or duly constituted / authorized officers of the clubs, association (registered), school, religious or charitable institutions and such other body of like nature in their names, by giving clear operational instructions and furnishing the constitution / rules & bye laws governing such institutions and other necessary information.
Deposit Interest Rate Chart
| S.No. |
Deposit Period |
Rate of Interest |
| 1 |
1 Year |
4.00% |
| 2 |
2 Years or Above |
5.00% |
KYC Compliance
The prospective account holder should comply with the 'Know Your Customer (KYC)' norms by producing one or more of the following documents in support of identity and address:
Passport
Voter's Identity Card
Driving Licence
Aadhaar Letter/Card
NREGA Card.
PAN Card.
If Proprietorship Require Documents
shop act licence.
Registration Copy.
Confirmation Letter.
If Partnership Firm/Pvt. Ltd. Company/ HUF / Trust Require Documents
Partnership Deed / Memorandom of Association / Articals of Association /Trust Deed as Applicable , Registration Certificate / In case of HUF declaration of HUF.
ID Size Photos of Proprietor / all Partners / all Trusties / all Directors .
Pan Card of Proprietor / all Partners / all Trusties / all Directors .
Aadhar Card of Proprietor / all Partners / all Trusties / all Directors .
KYC of Proprietor / all Partners / all Trusties / all Directors
Loan Facility available against Pigmy Deposit @ 11% p.a.
* To open Account in bank Introducer is required.
* Terms and Condition Apply.
Pass books / sheets
Computerised account statements are also issued in lieu of pass book, if the customer so desires. Such statements will be sent in soft copy to the available e-mail ID of the customer, if he/she so desires.
Any unreasonable delay in getting back the pass book should be brought to the notice of the Branch Head.
No entries should be made in the pass book / account statement by the depositor / account holder.
Any manual entry made in the passbook / statement of account, by the bank staff, should be insisted for authentication by the Officer / Branch Manager.
The pass book should be tendered in the branch while depositing and / or withdrawing money or at least once a fortnight for getting the entries written up.
