Every Rupee Counts


Every Rupee Counts

The pigmy account at GnanaShale helps me to save for my children's future.
Veeresh K P pigmy
  • Features

    Attractive Interest Rates of 18% p.a.

    Easy daily payments to save for your bigger goals

    Overdraft facility available for the pigmy amount paid*

    Zero charges for NEFT/IMPS/RTGS to Customer account only

    Minimum term is 8 months to get interest

    Nomination facility is available

    Disclaimer:* Pre-closure charges applicable. Overdraft (OD) up to 80% of the pigmy amount paid is available at 18% p.a. without any OD processing fees

  • Term Rate Of Interest Per Annum
    8 months & above
    6 months – 8 months
    No interest
    Below 6 months*
    No interest

    *4% pre-closure charges are applicable.

  • Eligibility

    • He should be a shareholding member of GnanaShale Souharda Co-op Ltd. and the standard membership charges apply.
    • Member(s) should be a resident of Karnataka only

    Available for:

    • Individuals
    • Sole proprietorships
    • Partnerships / Limited liability partnerships
    • Private limited companies
    • Associations / Trusts
    • Resident Individuals / Sole Proprietorship Concern

      1. Copy of the PAN Card
      2.  Identity Proof: Voter ID Card / Passport / Aadhaar
      3.  Address Proof: Rental Agreement Copy / Aadhaar / Voter ID card
      4. Two latest passport photographs
    • Trusts

      1. Copy of the Trust Deed
      2.  Copy of the PAN Card
      3.  Copy of the Registration Certificate
      4.  Copy of the Resolution of The Trustees
      5.  Authorization letter for the trustees concerned to open and operate the account
      6.  Photographs of the trustees operating the account
    • Associations

      1.  By-laws of the Association
      2.  Copy of the Resolution by the board authorizing the members concerned to open and operate the account
      3.  Photographs of the members operating the account
    • Partnerships / Limited liability partnerships

      1. Partnership Deed
      2.  Letter from partners approving the persons concerned to open and operate the account
      3. Copy of the PAN Card
      4.  Photographs of the persons operating the account
    • Public / Private Limited Companies

      1.  Board Resolution / Authority Letter
      2.  Memorandum & Articles of Association
      3.  Certificate of Incorporation
      4.  Certificate of Commencement of Business (Public Limited Company)
      5.  Copy of the PAN Card
      6.  Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
      7.  Governing Act / Rules and Regulations(PSUs) (certified true copy)

Related Products

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  • Attractive interest rates upto 12% per annum
  • 100% utilized for SAFE micro-finance
  • GnanaFlexi – Easy overdraft facilities at just 2% higher


  • No Pre-closure charges
  • Time to loan disbursement is faster relatively
  • Can avail for home loan, vehicle loan, gold loan and other collateral-secured loans

SHG Savings

  • Attractive interest rates upto 7.25% per annum
  • 100% utilized for SAFE micro-finance
  • Easy transfer to your individual account on request*

Call Us

For assistance, call +91 80 4212 4421 or +91 974 248 1256
Monday to Friday: 9:30 AM to 5:30 PM
Saturday: 9:30 AM to 1:30 PM

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