DMNL PIGMY / DAILY COLLECTION

DMNL Pigmy / Daily collection is a daily deposit scheme exclusively launched for the benefit of daily wage earners and small traders. The scheme aims at incalculating the habit of saving and extend monetary support when there is a need for lump sum capital funds to achieve their financial aspirations. Here, the depositor makes money deposit on daily basis.

DMNL Pigmy / Daily collection is a product to provide a person with an opportunity to build up saving through regular daily deposits of fixed sum over a period of time.

Note :

The DMNL Pigmy / Daily collection scheme suits the poor and rich alike
It is daily collection account
Period of deposit is 1 year
Collection of your daily savings at your door steps through authorized agents of our COMPANY
Interest will be payable during maturity
If the amount is withdrawn before 1 year, a premature deduction of 3% will be applied on the deposit amount along with processing fee to be deducted.
We offer nomination facility for all deposit accounts.
Customers have to produce Passbook at the time of instalment and maturity
The Board of Directors of the Bank having all rights to change the rules and regulation for the scheme as per RBI directive.

DMNL PIGMY/DAILY COLLECTION
This scheme is intended to mop up the small savings and is specially designed for daily savers of small means and based on daily door collection. The Nidhi’s Authorized agent will collect your savings at your doorsteps at daily or less frequent intervals in tune with your convenience.
Eligibility	Individual who is member of Nidhi or shareholder.
Minimum contribution per day	Rs.100/- or more.
Time Period	1 year or more
Rate of Interest	7% per year
Loan Facility	Maximum 75% of the outstanding balance
Processing fees to be deducted at the time of maturity.	200/-
Nomination	Available

Require documents

Valid Photo I.D.
Any one of proof (Photo I.D.)

Passport
Driving License
Voter ID Card
Government Approved College/university I. Card
Government/Semi government/Department I. Card

Address Proof (Any One)
1. Electricity Bill (not more than 2 months old)
2. BSNL Landline
3. Telephone Bill (not more than 2 months old),
4. Municipal Tax Bill
5. Latest LIC Premium receipt