A Pigmy account is a small savings account that is designed for individuals who want to deposit small amounts of money on a regular basis. This type of account was originally created by banks in India to encourage people from low-income groups to save money. However, the term "Pigmy account" has been widely used across the world and now includes various types of micro-savings accounts offered by different financial institutions.
INTEREST RATE |
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Sr.No. | Type | Period | Normal | Senior Citizen | |
---|---|---|---|---|---|
1 | Pigmy Account | 12 Months | 6.00% | 6.00% |
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