Nainital Bank Fixed Deposit Rates 2025
Nainital Bank offers fixed deposit accounts of different types which caters to needs of the investors. With varied tenure options and attractive interest rates, investing in a Nainital Bank fixed deposit account is advisable.
Nainital Bank offers Fixed Deposits (FDs) at interest rates ranging between 3.25% and 7.10% and a tenure ranging between 7 days and 10 years.
Senior citizens are offered an additional interest rate of 0.50% for deposits less than Rs.2 crore.
Nainital Bank FD Interest Rates
The interest rates offered by Nainital Bank for deposits below Rs.2 crore are mentioned in the table below:
Maturity Range | Interest Rates (%p.a.) |
7 days to 14 days | 3.25% |
15 days to 30 days | 3.25% |
31 days to 45 days | 3.25% |
46 days to 90 days | 4.25% |
91 days to 179 days | 4.25% |
180 days and above but less than 270 days | 4.95% |
270 days and above but less than 1 year | 5.75% |
1 year and above but less than or equal to 18 months | 6.70% |
Above 18 months but less than or equal to 2 years | 6.25% |
Above 2 years but less than or equal to 3 years | 6.25% |
Above 3 years but less than or equal to 5 years | 5.75% |
Above 5 years but less than or equal to upto 10 years | 5.35% |
Naini Plus 2023 Deposit Scheme (Callable) -400 days | 7.05% |
Naini Plus 2023 Deposit Scheme Deposit (Non-Callable) – 400 days | 7.10% |
Naini Tax Saver Scheme* | 5.75% |
*The Nainital Bank FD rates tend to change at the discretion of the bank. The rates given here are valid as of 06 May 2023.
Nainital Bank Tax Saving FD Rates
Tenure | Interest Rates (p.a.) |
5 years to 10 years | 5.75% |
Nainital Bank Fixed Deposit Features
Regular Fixed Deposit
The main features of the Regular FD scheme offered by the bank are mentioned below:
- The interest is accrued/paid on a quarterly basis.
- You can renew the deposit.
- Nominations can be added.
- The minimum amount that must be deposited is Rs.1,000.
- Tax Deducted at Source (TDS) is applicable on the interest that is generated.
- Senior citizens are offered an additional interest rate of 0.50%.
- Single and joint accounts can be opened.
Naini Tax Saver Fixed Deposit
The main features of the Naini Tax Saver Fixed Deposit scheme offered by the bank are mentioned below:
- The minimum and maximum tenures are 5 years and 10 years, respectively.
- The minimum amount that must be deposited is Rs.100.
- The maximum tax benefit that can be availed in a year is Rs.1 lakh.
- The interest is computed every quarter.
- Premature withdrawal is not allowed before 5 years. However, in case the depositor passes away, premature withdrawal is allowed.
- Nominees can be added.
- Loans cannot be availed against the account.
- Corporates, institutions, clubs, societies, trusts, companies, and firms cannot invest in the scheme.
Nainital Bank FD Eligibility
The following are the eligibility criteria to open a FD account in Nainital Bank:
- Resident individuals
- Illiterate persons
- Blind persons
- Purdanasheen ladies
- Minor associations
- Clubs
- Societies
- Trusts
- Institutions/Agencies
Types of Nainital Bank FDs
The two different types of FDs offered by Nainital Bank are mentioned below:
- Regular Fixed Deposit
- Tax Saver FD Scheme
Nainital Bank Loan Against FD
This facility is not available under the FD scheme offered by Nainital Bank.
Nomination Facility on Nainital Bank FD
On opening an FD account with Nainital Bank, the accountholder will be able to avail the nomination facility where they can change or cancel a person as a nominee anytime, they want.
Nainital Bank Premature Withdrawal Facility
Premature withdrawal of your deposit amount is not allowed before the completion of five years unless in the event of the death of the depositor.
FAQs on Nainital Bank Fixed Deposit Rates
- What is the minimum deposit amount?
The minimum deposit amount for regular fixed deposit is Rs.1,000 while for Tax Saver FD scheme is Rs.100.
- What is the special rate of interest for senior citizens?
Senior citizens will earn an additional 0.5% interest rates on their deposits across all tenures except for the Tax Saver scheme.
- Who can open FD account with Nainital Bank?
Any person aged 18 years and above and who holds an account with the bank and meets the eligibility criteria can open an FD account with Nainital Bank. Societies, trusts, clubs, institutions and agencies that meet the eligibility criteria can also open an FD account with the bank.
- How much time it takes for the FD investment amount to double?
The amount that you will earn will depend on factors such as the amount deposited by you, tenure, etc. depending on which you will receive your maturity amount.
- Can you alter the tenure of an existing FD account?
No, you cannot alter the tenure of your existing FD account. However, once you receive your maturity amount, you can choose to reinvest it and decide on the tenure you feel is suitable.
- Can a customer open an FD account online in Nainital Bank?
You can log in to your Nainital Bank net banking or mobile banking account to open an FD account online.
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