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Cito Nidhi Dhanavruddhi Deposit Scheme - CITO 400.    |   Cito Nidhi Dhanavriddhi Deposit Scheme - CITO 400 Days FD. Earn high annualized yield of 14.45%* on Your Deposit.    |   Welcome to Cito Nidhi Limited, a fast growing Quasi-Banking Mutual Benefit Company    |   

Kubera Nidhi Deposit

Kubera Nidhi Deposit is unique monthly deposit scheme with mix of RD and FD with Lock-in Period. This meant for the persons who wish to invest a fixed sum of money every month to meet their future Financial Goals of buying property or for Marriage Expenses or for higher Education.

This is mainly designed to encourage and help the depositors having regular monthly income to accumulate their savings. Invest in CITO Nidhi’s Kubera Nidhi Deposits scheme and get a higher value on maturity.

2 year

2 year

Min. Period

5 years

5 years

Max. Period

Min Rs. 1000/- pm

Min Rs. 1000/- pm

Payable at regular interval

Features and Benefits

  • Can be opened by all individuals including Minors under Guardianship
  • Minimum deposit amount can be invested from Rs 1,000/- and in multiples of Rs 500/-.
  • Minimum Period is 2 years in multiples of 1 year thereafter subject to Maximum period is 5 years with respective lock-in periods.
  • For Women Depositors 0.50% and for Senior Citizen Depositors 0.75% Extra interest on above rates
  • Nomination Facility Available, Loan Facility Available.
  • Pre-Mature Closure is allowed, subject to applicable norms.

Terms and Conditions

  • For delay in payment of monthly installments, a penalty will be charged at the rate of Rs 2/- for every Rs 100/- per month. 
  • A fraction of month will be treated as full month for the purpose of calculating penalty. 2% Pre-Closure Charges applicable
  • The Period and Installment amount is Fixed at the time of Deposit account opening. There would be no changes in that.
  • Its mandatory to become as a member of the CITO Nidhi Ltd. Member should subscribe for minimum 10 Shares with face value of Rs 10/- per share and total value of Rs 100/-. Should comply with RBI KYC norms and should provide original KYC documents along with photocopy for verification.
  • Interest will be calculated at the rate applicable for the period the deposit has actually remained with the Bank. 
  • The rates are subject to change from time to time and same will be notified. 
  • All Guidelines applicable with regard to acceptance, payment and transfer of term deposits will apply to the deposits acceptance under this scheme.

Interest Rate

FD Scheme FD Period Monthly Interest for MIS Scheme Interest Rate Annualised Yield*
CITO-4OO FD 400 Days * 12.50% 14.45%
MIS FD 72 Months 1250/- 15.00% 15.00%
CITO Double Deposit Bond 72 Months * 12.00% 17.21%
GOLD Deposit Bond - MIS 36 Months 1100/- 13.20% 14.70%
GOLD Deposit Bond - Cumulative 36 Months * 11.25% 14.70%

*** Premature Closure Charges of 2.00% will be applicable

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