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