Welcome to Cito Nidhi Limited, a fast growing and trusted Quasi-Banking Mutual Benefit Organization    |   Earn high annualized yield of 14.16%* on the Cito-444 Fixed Deposit    |   Cito Nidhi Dhanavruddhi Deposit Scheme - CITO 444 Fixed Deposit    |   

Swarna Lakshadhikari Deposit

Swarna Lakshadhikari Deposit is unique Recurring Deposit scheme with maturity benefit of Rs 1.00 Lakh along with 2GMS Gold Coin of 22 Karat. There is also a bumper draw among the scheme members to encourage small savings.

It’s a fixed period product with fixed maturity value. This meant for the persons who wish to invest a fixed sum of Rs 2500/- per month to meet their medium term financial Goals.

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

3 year

3 year

Min. Period

3 years

3 years

Max. Period

Min Rs. 2500/- pm

Min Rs. 2500/- pm

Payable at regular interval

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

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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