Money can be deposited / withdraw into an account as per the wish of account holder. SB accounts are opened to encourage by LOKUNNATI INDIA NIDHI LIMITED members to save money and collect their savings.
Saving money habit will improve the 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 for unexpected expenses and look forward to achieve some of their dreams. Lokunnati India Nidhi Limited has introduced uniquely designed “Savings Account” to inbuilt the habit of saving among its members. We offer higher interest rate on Savings Account on daily balances than others. Savings Account with us is always safe, reliable and growth bound.
Product Name | Minimum Balance | ROI(%) | Penalty(Rs) |
We offering Savings Account to our members with following attractive features:
- Earn up to 5.5%p.a. from your Savings Account with us.
- Online Net Banking facility available
- Passbook and Monthly Account Statements will be provided.
- The money can be withdrawn & deposited by using Withdrawal/Deposit slip in the concerned branch / through online net banking also.
- Nomination Facility available for Savings Account.
- Monthly Average Balance (MAB) required to be maintained for different variants of Savings Account.
Variant |
Required Monthly Average Balance |
General Saving Account |
1000 |
Senior Citizen Account |
500 |
Women’s Saving Account/td>
| 500 |
Interest Rates for different categories of Account Holders:
Category |
Annual Interest Rate Applicable |
For General Account Holders |
5% |
For Senior Citizens, Women & Ex-servicemen |
5.5% |