Credito India Frequently Asked Questions

On percent additional interest is payable to; investors more than 50 years of age, woman, handicapped, defence personnel, retired defence personnel, employees of central government and state government, employees of all banks and insurance field, employees of public undertakings, employees of government and semi government establishments, working employees of any cooperative society, employees of local bodies, retired person, trust and single deposit of Rs. 5 Lac. As per present rules of Income Tax, TDS is applicable. The facility of payment before maturity and loan on premature deposit is also available.

CREDITO India Nidhi Limited is company declared as a Nidhi or Mutual Benefit Society under Section 620A of the Companies Act, 2013. Central Government under the rules and regulations. It is compulsory by law for companies to adhere these e rules and regulations. The society being a cooperative organization, the ownership of the same doesn’t rest with any individual but all the members have the ownership rights. The members of society elect governing body by democratic way and elected body governs the operations. The policy matters are decided by governing body in general with full transparency. The cooperative department also keeps vigilance on the operations of society. On the other hand, the ownership of finance companies rest with individual and the policies are formed accordingly. The general public and customers have no right to interfere in the operations of finance companies. Therefore, there is more chance of have no transparency. The customers do not have sufficient knowledge about the finance companies and they have limited law coverage. CREDITO India Nidhi Limited under the law is fully answerable to its members and customers. The society adhere all rules and regulations meant for.

1. Membership fees Min Rs. 100/- for Fixed Deposit – Share basis
2. Membership fees Rs. 10/- for all others – share basis
3. Photo ID Proof
   1. Income tax PAN Card
   2. Passport
   3. Voters ID
   4. Aadhar Card (Unique Identification Number)
   5. Driving License
   6. Ration Card
4. Address Proof
   1. Voters ID
   2. Passport
   3. Aadhar (Unique identification Number)
   4. Bank Account Statement
   5. Passport
   6. Driving License
   7. Telephone Bill
   8. Electricity Bill
   9. Certificate issued by State and Central Government
5. Mobile Number Active Mobile number is compulsory (One or Three Mobile Numbers)
6. Photo – Must be taken for Document (Three Passport Size Photos)

1. CREDITO India is the first Nidhi Company providing online banking services to its members and investors in Raipur District - Chhattisgarh.
2. CREDITO India has increased the number of branches, after three years after the success of the company, that no other company has done so fast.
3. CREDITO India is the first company who has started small saving schemes, that is very good step to promote savings to members.