TAMIL NADU

Scheme for small depositors relaunched

Staff Reporter

CHENNAI: A scheme for doorstep collection of deposits has been re-launched by Syndicate Bank in its Chennai region.

General Manager V. Kalyani re-launched the bank's Pigmy scheme for small depositors on Wednesday. Under the Pigmy Plus scheme, agents of the bank would collect deposits at the customer's doorstep.

"We already have 140 agents. We have recruited 36 new agents for all the 30 branches," Ms. Kalyani told mediapersons.

The agents would also help customers start accounts without having to visit the bank.