Established in 1922, Nainital Bank has been a premier and highly reputed scheduled commercial bank.
Headquartered in Nainital, the bank is a subsidiary of the Bank of Baroda with a variety of financial products and services being offered to customers all over the country.
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.
The minimum amount required to open a fixed deposit account at Nainital Bank is Rs.1000 and the interest is given on a quarterly basis. Senior citizens are entitled to an additional interest of 0.50% per annum.
Types of fixed deposit accounts by Nainital Bank:
Nainital Bank offers its customers a tax-saver fixed deposit scheme where if opted, the customer receives tax benefits under the Section 80C of the Income Tax Act.
The minimum tenure for the Naini tax-saver plan is 5 years to a maximum of 10 years and the minimum amount to open this account is Rs.100.
|Regular FD rates (per annum)||Senior Citizens FD rates (per annum)|
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