Features and Benefits

• Can be opened by all individuals including Minors under Guardianship
• Fixed Period of 36 months with monthly installment of Rs 2500/- and fixed maturity value of Rs 1.00 Lakh
• 2Gms Gold Coin (22Karat) will be handed over after payment of 12 monthly regular installments
• Fortunate to win bumper prize in lucky draw. Pre-Mature Closure is allowed after 12 months of the deposit. 
• Nomination Facility Available, Loan Facility Available.
• Pre-Mature Closure is allowed, subject to applicable SLD scheme norms.

Terms and Conditions

• Fixed monthly deposit amount can be invested Rs 2500/- for the fixed period of 36 months
• 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.
• Pre-mature can be allowed after 12 monthly only subject to deduction of Gold Coin Value as per the SLD deposit scheme norms. Pre-Closure charges of 2% applicable on contract rate for the period run
• Lucky draw is sole discretion of the Bank subject to prevailing norms of the deposit scheme.
• 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