App Logo

No.1 PSC Learning App

1M+ Downloads
A daily deposit scheme introduced to help daily wages earners, small traders, to promote saving habit and by way of funding their capital requirements

ARecurring Deposits

BPigmy Deposits

CFixed Deposits

DDemand Deposits

Answer:

B. Pigmy Deposits

Read Explanation:

Pigmy Deposits:

  • It is a daily deposit scheme introduced to help daily wages earners, small traders, to promote saving habit and by way of funding their capital requirements 

  • As per this schemes money can be deposited on  daily basis

  • Pigmy Deposit is introduced Syndicate Bank 


Related Questions:

The system which accepts deposits from the public and provide short term and long term loans for industry and trade is known as
Who said the following words : "A bank is an institution whose debts are widely accepted in the settlement of other people's debts to each other."
Banking which refers to financial intermediations performed by banks, primarily for their non-resident customers (mainly depositors) and deals with foreign money is called
On the security of FDR (Fixed Deposit Receipt), the bank provides up to ---% of the amount as FD loans.
The first Bank to get ISO Certificate