Nityavruddi (Pigmy)

Nityavruddi (Pigmy): Pigmy Deposit Scheme is a monetary deposit scheme where money can be deposited into an account on daily basis. The amount may be as small as Rupees Fifty. It can be called a recurring deposit scheme, as the money is deposited almost daily. The maximum term of this account is 5 years and the rate of interest is 5%.