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PIGMY DEPOSITS OR DAILY DEPOSIT SCHEME (DDS):-



Daily Deposit Scheme is a monetary deposit scheme introduced to help daily wage earners, small traders, to inculcate saving habits and also as a way of funding their bigger capital requirements. In this scheme money can be deposited into an account on daily basis. The amount may be as small as Rupees 20/-. The unique characteristic of this scheme is that an agent from the society collects money to be deposited, on daily basis, from doorsteps of account holder. It has provided many employment opportunities as agents.

PERIOD (IN MONTHS) RATE OF INTEREST (IN % PER ANNUM)
24 4
36 7


Loan facility :- is available against Daily Deposit Scheme. Members can avail maximum 90% loan against their investment amount in DDS (Minimum Deposit Balance Rs. 1000/-). Interest rate will be applicable as per rules of the Society.

INVEST IN DD SCHEME

Daily Deposit Scheme (DD) is offered by Holy Life Thrift & Credit Cooperative Society Ltd to the members of the Society so that they can make savings on daily basis. Holy Life Credit’s DD scheme allows members to regularly save money by investing a little portion of earning every day for a defined period of time. Our DD scheme allows you to invest the amount as small as Rs. 20/- and further, in multiples of Rs. 10/-.In DD scheme of Holy Life Credit, you can make investment for the tenure of 2 year or 3 years. Under Daily Deposit Scheme, you can avail 4% interest rate for 2 year and 7% for 3 years. Popularly known as Pigmy Deposit, Daily Deposit holds too many benefits apart from daily savings such as loan facility and prematurity. So come, invest your money in tiny portions and see your investment grow from small to big.

Disclaimer: All the products and services of the Society are exclusively available for members of Holy Life Thrift & Credit Cooperative Society Ltd. only.

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