5 months ago

Pigmy Deposit Interest Calculator, Nidhi Bank, Daily Collection, EMI Collection Software, Pigmy Solution

Late Payments •

Late Payments • Banks levy a penalty if you miss the monthly deposit by the due date. • There are some banks that waive this penalty. Premature Withdrawal • Most RDs can be closed ahead of the maturity date. • A penalty charge plus a penalty on the interest rate may be levied. FEATURES OF RD WWW.WEBSOFTEX.COM Page 6

• Recurring deposits can be opened in two ways. • Approach your bank or the post office. You need to fill out a form and may be required to submit ID proof. You can then make the first deposit and open the account. • If your bank has internet banking facilities, you can log into your account and open the RD. WWW.WEBSOFTEX.COM HOW TO OPEN RD OR PIGMY ACCOUNT? Page 7