Nainital Bank offers appealing rates of interest for its short term Fixed Deposit Accounts. These schemes allow the customer to maintain a healthy amount of liquidity. Nainital Bank offers the freedom of convertibility along with the sustenance of good returns. This is made possible with a beneficial interest rate.
Nainital Bank offers Fixed Deposit accounts of 30 days tenures with a worthwhile interest rate of 4.5% p.a. Fixed Deposits with tenures of 60 days are awarded with an advantageous interest rate of 6.5% p.a. making it the most remunerative duration of the short term category. Tenures of 90 days and 120 days are offered at an interest rate of 7.1% p.a.
Nainital Bank gives its customers with attractive interest rates for medium and long term fixed deposit accounts.
Medium term fixed deposit accounts with tenures of 6 months and 9 months are extended with an interest rate of 7.5% p.a.
8% rate of interest is granted for fixed deposit accounts with tenures of 1 year and 1 year 6 months.
1 year duration Fixed Deposit accounts with a whopping 8% p.a. interest rate are considered profitable in the medium term Fixed Deposit category.
Whereas, in the long term Fixed Deposit account category, tenures of 2 years, 3 years and 4 years receive interest at the rate of 7.75% p.a.
And tenures of 5 years are furnished with an interest rate of 7.5% p.a. In this category, 3 years duration accounts are seemingly high gaining.
One can also invest in Nainital Bank Tax Saver Fixed Deposit Scheme with an interest rate of 7.75% p.a.
Senior citizen are offered an additional 0.50% p.a. over the existing rack rates across all tenures with Nainital Bank. In India, most affluential banks offer senior citizens with slightly higher rates of interest. This allows customers to count on their investments to take them through their waning years.