Who can open the account
- Individuals
- Two or More individuals in their joint names
- Minors represented by the natural guardians
- Proprietory concerns/ partnership firms/companies
- Associations or any body corporates
- Hindu Undivided Families
- Trusts
Recurring Deposit Account :
Rate of interest will be as per Fixed deposit interest rate but the period of recurring deposit in multiple of months i.e. 12 months , 24 months , 36 months etc.
Pigmy Account :
Pigmy account will be opened along with account opening form with address and identity proof.