Financial Software Companies, Accounting Payroll Software, Personal Accounting, Accounting for Midsize - PowerPoint PPT Presentation

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Financial Software Companies, Accounting Payroll Software, Personal Accounting, Accounting for Midsize

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Websoftex: We are also providing all type of Loan, RD FD, Co-Operative, Micro Finance software , We also Provide Website Registration, Designing, Maintenance, name Suggestion also. Microfinance Company for creating such a useful product. It has streamlined and enhanced the quality of our service and it is very good to expand the business. – PowerPoint PPT presentation

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Title: Financial Software Companies, Accounting Payroll Software, Personal Accounting, Accounting for Midsize


1
PIGMY DEPOSIT SCEME AND PERSONAL LOANS
2
  • Money can be deposited into an account on daily
    basis.
  • The amount may be as small as Rs. 10.
  • It can be called a recurring deposit scheme, as
    the money is deposited almost daily.
  • The unique characteristic of this scheme is that
    a bank agent collects the money daily, from the
    account holder's doorstep.

PIGMY DEPOSIT SCHEME
3
  • The scheme was introduced to help daily wage
    earners, small traders and farmers to inculcate a
    saving habits and also as a means to fund their
    bigger capital requirements, such as a wedding,
    home buying, vehicle purchase etc.
  • The scheme is now offered by several other banks
    in India.
  • They were treated as part and parcel of the
    banking and trading system often carrying
    legitimate and confidential market and trading
    information within the network and contributed
    to the development of stock exchanges.

PIGMY DEPOSIT SCHEME
4
  • The trading system is not complete without
    recognizing them as the pillars of funds deposit
    system, in India especially.
  • As they were enjoying high level of confidence
    amongst the business community they even took
    part in personal affairs of traders-big and small
    and also took part in various social activities
    again within the network.
  • Pigmy System is being introduced overseas and
    U.A.E has given it a modern name "mobile
    banking".

PIGMY DEPOSIT SCHEME
5
  • Financial crisis can be quite crushing for
    anybody at crucial moments of life.
  • If only there was a reliable place to borrow
    money from, instead of neighbors or
    acquaintances.
  • Purpose of Loan
  • Medical, emergency expenditure for maintenance of
    family.
  • Meeting any other genuine need as may be
    specified by the Borrower and agreed to by the
    Lender.

PERSONAL LOAN
6
  • Budget of Finance
  • Depends on eligibility and Income Earning
    Capacity.
  • Features
  • No prepayment penalty
  • Insurance facility against Personal Accident
    (Death)
  • Flexible repayment schedule
  • Interest on a daily reducing balance basis.

PERSONAL LOAN
7
  • Pigmy Savings will usually accrue interest over
    time
  • Your funds are still readily available.
  • Your money is kept safe.
  • You can open an account with very little money. 
  • Savings accounts can provide automated bill
    payments.  

PIGMY SAVING BENIFITS
8
  • Interest is often compounded monthly, or even
    annually, by most financial institutions. 
  • There are withdrawal limits on a savings
    account. 
  • Some financial institutions charge fees for their
    savings accounts. 
  •  

DISADVANTAGES
9
  • There are insurance limits. 
  • Easy access to money means more temptations to
    spend it.
  • You may be required to carry a minimum amount.

DISADVANTAGES
10
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