If you save with a pigmy account
You hand cash to an agent at your door most days. These are the things worth knowing, in the order they usually matter.
- 01
Understand what a pigmy deposit is
What the product actually is, who offers it, and how it differs from a savings account.
What is a pigmy deposit?
- 02
Check before you open an account
The questions to ask the institution before you hand over the first rupee.
Before opening a pigmy account
- 03
Check whether your deposit is insured
Deposit insurance, the bank-or-society distinction, and how collection fraud actually happens.
Pigmy collection fraud: the failure modes, the cases, and the safeguards
- 04
Check your passbook after each collection
What a correct entry looks like, and the discrepancies worth challenging immediately.
Check your pigmy passbook
- 05
Estimate what yours will be worth
Enter your daily amount, tenure and rate to see an estimated maturity value.
/tools/pigmy-maturity-calculator
- 06
Compare what institutions pay
Published pigmy rates, each named to its institution and dated to the day we read it.
Pigmy deposit interest rates, by institution
- 07
See whether something else suits you better
How a pigmy deposit compares with a recurring deposit and a systematic investment plan.
Pigmy deposit vs recurring deposit vs SIP
- 08
Find an institution near you
Every institution we have found that publishes a daily-deposit scheme, with its rate and insurance status.
/institutions
Every link here goes to a page that already answers the question in full, with its sources and the date each was checked. Nothing on this site is gated, and we do not take payment for placement.