Building a savings habit is easier when someone comes to you. Galaxy Multistate Co-operative Society's daily deposit (pigmy) representative visits your doorstep every day to collect your savings. Small amounts daily have big results over time.
The Lokmangal Daily Deposit Scheme (also known as Pigmy or Lokmangal scheme) is one of Galaxy Multistate's most popular offerings in Phaltan. It is designed for households, small traders, and anyone who finds it easier to save small amounts daily rather than a large amount at the end of the month.
Our dedicated representative visits you every day - making saving effortless and consistent. Over months and years, these small savings accumulate into a significant corpus.
The Daily Deposit Scheme also known as the Lokmangal or Digital Pigmy Deposit is built for members across Phaltan, Lonand, Dahivadi, and the Akluj corridor who find it easier to set aside a small amount each day rather than a larger sum once a month. Starting from just ₹200 per day, the scheme is popular among small traders, vegetable and fruit vendors, auto-rickshaw drivers, and households managing daily cash income.
Members can choose between traditional doorstep collection, where a Galaxy Multistate representative visits daily, or track and manage savings digitally through the mobile app whichever suits their routine better. After 90 days of consistent saving, members also become eligible for a loan against their deposit history, giving the scheme a dual benefit of disciplined saving and future credit access.
On completion of the chosen period, the accumulated amount converts into a Recurring Deposit or Fixed Deposit, allowing members to continue growing their savings at the same Phaltan branch.