Nainital Bank Fixed Deposit

About Nainital Bank Fixed Deposit

Fixed deposits are offered by Nainital Bank for various time intervals. You can avail the fixed deposit at a very competitive interest rates, starting from a minimum investment of ₹1,000. The time period of fixed-term deposit must be a minimum of 12 months.

Domestic Fixed Deposit Interest Rates

Maturity RangeRates(% p.a.)Rates for Senior Citizens(% p.a.)
7 days to 14 days4.004.50
15 days to 30 days4.505.00
31 days to 45 days6.006.50
46 days to 90 days6.507.00
91 days to 179 days6.757.25
180 days and less than 01 year7.508.00
1 Year and above but upto 2 years7.908.40
Above 2 years but less than 3 years7.758.25
3 years and above but less than 5 years7.758.25
5 years and above upto 10 years7.508.00
Naini Tax Saver Scheme7.757.75

For Bulk Deposit-₹1.00 crore and above includes Inter-Bank Deposits, contact Investment Department team of Nainital Bank.

Please Note

  • Rate quoted are liable to change without notice.
  • The revised rates are permissible on fresh deposits and renewal of old deposits.
  • In the case of premature payment of Term Deposit, Interest Rate shall be 1% less than the interest rate admissible, at the time of placing the deposit, for the period the deposit remained with the Bank.

Nainital Bank Fixed Deposit Schemes

1. Short Term Plan

Nainital Bank offers fixed deposit schemes for various time periods. It provides simple investment Deposits (at very competitive interest rates), which can be opened with a minimum investment of ₹1,000. The tenure of fixed term deposit should be a minimum of 12 months.

Eligibility

Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a “Fixed Deposit Account” in single/joint name/s.

2. Re-Investment Deposit

Now you can open Re-Investment Deposit scheme for various time periods at a very competitive interest rates, which can be opened with a minimum investment of ₹1,000.

Eligibility

Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically allowed by the RBI are entitled to open a “Fixed Deposit Receipt” Account” in single/joint name/s.

3. Naini Gold Sweep In

Nainital Bank offers Naini Gold Sweep In schemes for 90 days/30 days. It can be opened through your saving or current account so you may earn more interest on your saving/ current account balance.

Eligibility

Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies primarily allowed by the RBI are entitled to open a “Naini Gold Sweep In” Account” in single/joint name/s.

4. Naini Super Fixed Account

Every customer hopes to earn more interest on their saving/current account balance but no schemes as of such are available to them where their hopes get fulfilled. Nainital Bank has one such offering  i.e. Nani Super Fixed schemes where you can directly link your existing saving or current account with such scheme. The tenor of such scheme is 31 days.

Eligibility

Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically allowed by the RBI are entitled to open a “Naini Super Fixed Account” in single/joint name/s.

5. Naini Swarn Pushp Plan

Nainital Bank greets its valuable customer by offering Nani Swarn Pushp Jama Yojna(NSPJY), a unique scheme where you can make bulk investment Deposits into the small unit of ₹ 1000/-each at very competitive rates. You can open with a  minimum investment of ₹1,000 or multiple of the same. The tenure of the term deposit needs to be for a minimum period of 15 days.

Eligibility

Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically allowed by the RBI are entitled to open a “Naini Swarn Push Jama Yojana Account” in single/joint name/s.

Eligibility Criteria

Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically allowed by the RBI are entitled to open a “Fixed Deposit Account” in single/joint name/s.

Features of Nainital Bank Fixed Deposit

  • Interest will be paid/accrued quarterly and in case the date of interest payment falls on holidays then on the next working day.
  • Repayment of term deposits before maturity is applicable. In the event of the fixed deposit receipt(FDR) being closed before the original term of the deposit gets completed, interest will be paid at the rate admissible on the date of deposit, for the period for which the deposit has remained with the Bank.
  • The renewal of deposit can be made for a subsequent period.
  • Tax is deducted at source, from the interest on Fixed Deposits, as permissible on the basis of the Income Tax Act, 1961.
  • Availability of Nomination facilities.

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