With effect from 01.04.2020, Pigmy Deposit Scheme of erstwhile Syndicate Bank and New Nitya Nidhi Deposit (NNND) Scheme of Canara Bank are merged and renamed as NITYA NIDHI DEPOSIT (NND) Scheme. This scheme is intended to mop up the small savings and is specially designed for daily savers of small means and based on daily door collection. The Bank’s Authorized agent will collect your savings at your doorsteps at daily or less frequent intervals in tune with your convenience.
Individual, Proprietorship, Partnership Firms, Clubs & Association
Minimum contribution per month
Rs.50.00. However, daily collection per day per account shall not exceed Rs.1000/-
(Maximum Rs.30000.00 in a month)
Rate of Interest
2.50 % w.e.f 01.10.2020
Maximum 75% of the outstanding balance
Period of NND Deposit
Recovery of Penalty
Less than 12 months
Closure permitted after deducting 3% of the balance as penalty.
Completed 12 months and less than 24 months
Completed 24 months and less than 39 months
Completed 39 months and less than 63 months
63 months on maturity
*The scheme is applicable to authorized branches only. For more details, kindly visit nearby branch.
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.