Guides
Long-form explainers on how pigmy and daily-deposit schemes work, what they pay, and the rules behind them. Every guide cites its sources and shows when they were checked.
- Guides
Co-operative credit structure
India has three separate co-operative credit systems, not one. Which of them holds your daily deposit decides whether the money is insured, and almost nobody explains this at the door.
Updated 11 Sep 2026Read - Guides
PACS computerisation
A ₹2,516 crore project is putting 63,000 village societies on common software by 2027. The published scheme documents never mention daily or pigmy collection.
Updated 11 Sep 2026Read - Guides
Unregulated deposit schemes
In July 2019 Parliament passed a Bill aimed at deposit schemes run without registration. What that means for a daily collection round, and what we could not verify.
Updated 11 Sep 2026Read - Guides
How pigmy collection works, step by step
The operational flow of a pigmy deposit end to end: agent appointment, KYC, the daily route, the receipt, cash remittance, branch reconciliation and maturity.
Updated 9 Sep 2026Read - Guides
How to become a pigmy collection agent
What the job involves, who appoints agents, what commission actually pays per month, the cash risk you carry, and the legal question nobody has settled.
Updated 9 Sep 2026Read - Guides
Pigmy agent commission: rates, state caps and the tax question
A pigmy agent is paid a percentage of what they collect, usually 2.5% to 3%. Who fixes that rate, who bears the cost, what it pays per month, and what is still unsettled.
Updated 9 Sep 2026Read - Guides
Pigmy collection fraud: the failure modes, the cases, and the safeguards
Doorstep cash collection fails in four specific ways, all of them inside the gap between your hand and the ledger. The cases, and what each side can do.
Updated 9 Sep 2026Read - Guides
The history of the pigmy deposit scheme
Syndicate Bank launched pigmy deposits in Udupi in 1928 to collect a few annas a day from fisherwomen and weavers. Here is how the scheme began and where it stands now.
Updated 9 Sep 2026Read - Guides
Pigmy deposit interest rates, by institution
What named banks, co-operatives and a Nidhi company publish on pigmy and daily-deposit schemes, each rate read from the institution's own page and dated.
Updated 11 Sep 2026Read - Guides
The rules behind pigmy collection: RBI, states and who regulates what
Doorstep cash collection is regulated, and since December 2025 smaller urban co-operative banks may use only their own employees for it. What the rules actually say.
Updated 9 Sep 2026Read - Guides
Pigmy collection machine or mobile app: how to decide
Nobody publishes a price for these devices. Here is what each option actually does, and a cost framework you can fill in with the quotes you get.
Updated 9 Sep 2026Read - Guides
Pigmy deposit vs recurring deposit vs SIP
A pigmy deposit pays less than a recurring deposit at the very same bank. That gap is what a daily collector at your door costs. Here is the honest comparison.
Updated 9 Sep 2026Read - Guides
What is a pigmy deposit?
A pigmy deposit is a daily-collection savings account: an agent visits you, collects a small amount, and the bank pays interest at maturity. Here is how it works.
Updated 9 Sep 2026Read