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 NameMinimum BalanceROI(%)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  • The money can be withdrawn & deposited by using Withdrawal/Deposit slip in the concerned branch / through online net banking also.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%


  • It is mandatory to become a member in Lokunnati India Nidhi Limited to open a Savings Account.

  • Savings Account is of continuing nature. There is no maximum period.

  • Loan will not be provided against the balance kept in Savings Account.

  • Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.

  • Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Savings Account.

  • Monthly Average Balance (MAB) required to be maintained for different variants of Savings Account.

  • Interest rates are subject to change at the sole discretion of the Lokunnati India Nidhi Limited.

  • Company reserves the right to alter or add to these rules at any time without any notice.

  • The information provided in this website is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. For more details approach your nearest Lokunnati India Nidhi Limited’s branch.
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