Create Smart and Quick saving goals for your long-cherished dreams in a few simple steps.
My piggy wallet Allows you to make Deposits of any amount (under 1,00,000) at any time.
Surprising rewards on minimum Savings of Rs.1000 in a month (minimum) or more.
The customer is free to change the Saving amount as the deposits are Flexible.
Instant and Hassles free withdrawals just in a few Tap.
You can make a deposit minimum of Rs.100 and maximum up to Rs.100000 Daily/Weekly/Monthly as per your comfort.
Customers have options for deposit,i.e. Automatic payment method OR you can choose the Manual Payment Method.
Recurring Deposits
Interest Rates in recurring deposits are lower when compared to Fixed Deposit.
Processing in Recurring Deposits takes a long time.
It gives guaranteed but low returns when compared to other popular saving schemes like Mutual Funds and SIPs.
If the interest amount exceeds Rs.10,000 a year -A TDS of 10% gets deducted from the interest in Recurring deposits under section 194A. if the interest amount exceeds Rs.10,000 a year.
Making Withdrawals before the end of tenure may attract a penalty or lower the interest rate in an RD Account.
No Sudden/Instant withdrawals are possible in case of a financial emergency.
The customer will not be able to change the investment amount if the RD is not Flexible.
