Features and Benefits

• Can be opened by all individuals including Minors under Guardianship
• Nomination Facility Available, Loan Facility Available.
• Pre-Mature Closure is allowed, subject to applicable norms of the Fixed deposit scheme.
• Period available from 91 days to 5 years 
• Interest is payable at regular intervals as desired by the depositor. No discounting factor applied on monthly interest income which is more beneficial
• For Women Depositors 0.50% and for Senior Citizen Depositors 0.75% Extra interest on above rates. Contact for special rates for deposits above Rs 1 Cr.

Terms and Conditions

• Minimum deposit amount can be invested from Rs 10,000/- and in multiples of Rs 1,000/-. No restriction on maximum deposit amount. This deposit is only eligible for Simple Interest calculation
• Minimum Period is 91 days in multiples of 3 months thereafter subject to Maximum period is 60 months
• Interest amount can be credited on 1st of every month to SB account with CITO Nidhi or any other bank account as per depositor’s choice. If the FD is opened in any day of the month, the interest will be calculated on pro-rata basis for that month and paid to account on 1st of subsequent month
• 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.
• Pre-Closure charges of 2% applicable on contract rate for the period run
• 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