Saving Account

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Saving Account

Saving money habit will improve your quality of life and will help you to feel better and to sleep better. One will be happier knowing he/she has some money aside or unexpected expenses and look forward to achieving some of their dreams. CREDITO India Nidhi Limited has introduced a uniquely designed “Saving Account: to inbuilt the habit of saving among people.

Scheme updated: 10.July.2022 to 31.March.2023


Saving Account Features

Main Features Saving Account
Minimum Deposit Rs. 1000 Only
Nomination Facility Yes
SMS Facility Yes
Passbook Facility Yes
Account Statement Yes

Silent Features

  • Minimum balance Rs. 1000 with effect from 10.07.2022
  • A person legally empowered to operate a minor’s account can file a nomination on behalf of the minor
  • Applicants can make a nomination by filling up the prescribed form
  • The nomination details can be changed during the subsistence of the account relationship by filling up the form prescribed
  • The account can be opened only for an individual, no joint account facility is available.
  • Minor cannot open Savings Account
  • Nomination compulsory, in case the nominee is minor, appointee required with KYC
  • Up to Rs. 20000 cash will be accepted above that cheque is compulsory
  • Cash deposit above Rs. 49,999 PAN Card is compulsory.
  • Duplicate passbook will be charged Rs.200/-
  • No hidden charges in this scheme.
  • No transaction charges.
  • No credit and debit charges.
  • No service charges in doorstep banking.

Note

  • Please produce the original documents for verification and a photocopy of each document
  • Mandatory to provide permanent address and telephone number
  • Please avail of the nomination facility
  • Mandatory to complete the KYC Norms