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Savings Account

CITO Nidhi offers Savings account which is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest.

This mainly for the purpose of inculcating the habit of savings among general public so that a portion of one's earnings can be set apart for immediate future needs.

6 % p.a. ROI

6 % p.a. ROI

MAB Rs. 1000

MAB Rs. 1000

Balance

Features

Debit Card
Mobile App
Online Banking

Features and Benefits

  • Can be opened in the names of individuals singly / jointly / with either or survivor options.
  • Debit card, Internet Banking, Mobile banking facilities.
  • Doorstep Banking Services available
  • Funds transfer through NEFT / RTGS / DD / PO / Inter branch fund transfers.
  • Nomination facility available.
  • If a person attains 60 years, he will enjoy the benefit of a senior citizen account

Terms and Conditions

  • A penalty of Rs.100/- will be levied for non-maintenance of minimum balance.
  • Customers should provide a satisfactory introduction, address and ID proof in order to comply with KYC norms.
  • 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 balance 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.
Description Rates
Cash remittance at base branches Free - up to Rs. 3 Lakhs per month.
Rs. 2/- for each Rs. 1,000/- beyond the free limit with a minimum charge of Rs. 20/-.
Cash remittance at non-base branches Free - up to Rs. 40,000/- per day, subject to a max of Rs. 2 Lakhs per month. beyond the free limit Rs. 2/- for each Rs. 1,000/- with a minimum charge of Rs. 20/-.
Cash withdrawal at base branches Free without any limit (Self Cheque). Rs. 50,000/- per day per party (Third Party cheque).
Cash withdrawal at non-base branches Free without any limit (Self Cheque). Rs. 50,000/- per day per party (Third Party cheque).
Card Related & ATM transaction charges. Card Issuance Charges - Rs 400/-
Card renewal/ re-ssuance charges - Rs 300/-
Monthly 5 txns free in any ATM (financial and non-financial)
After free limit, there would be charges of Rs 20/- per txn
Folio charges/ Statement Charges Min Rs 110/- + GST, thereafter Rs 50/- per page
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