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 3.35% and 5.35% 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.1 crore.
The two different types of FDs offered by Nainital Bank are mentioned below:
The main features of the Regular FD scheme offered by the bank are mentioned below:
The main features of the Naini Tax Saver Fixed Deposit scheme offered by the bank are mentioned below:
Regular Fixed Deposit Scheme
Naini Tax Saver Fixed Deposit
The interest rates offered by Nainital Bank for deposits below Rs.2 crore are mentioned in the table below:
|Tenure||Interest Rate for General Public||Interest Rate for Senior Citizens|
|7 days – 14 days||3.35%||3.85%|
|15 days – 30 days||3.35%||3.85%|
|31 days – 45 days||3.35%||3.85%|
|46 days – 90 days||4.35%||4.85%|
|91 days – 179 days||4.35%||4.85%|
|180 days and above – less than 270 days||5.05%||5.05%|
|270 days and above – less than 1 year||5.15%||5.65%|
|1 year and above – 18 months||5.25%||5.75%|
|Above 18 months – 2 years||5.35%||5.85%|
|Above 2 years – 3 years||5.35%||5.85%|
|Above 3 years – 5 years||5.35%||5.85%|
|Above 5 years – Up to 10 years||5.35%||5.85%|
|Naini Tax Saver Scheme||6.35%||-|
*The Nainital Bank FD rates tend to change at the discretion of the bank. The rates given here are valid as of 13th October 2020.
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