One of the oldest financial institutions in India, Nainital Bank was established in 1922 to specially cater to the banking needs of people in Nainital. In 1875, Bank of Baroda, acquired 98. 6% stakes of Nainital Bank. Currently, Nainital Bank is a scheduled Bank as enlisted by the Reserve Bank of India. Nainital Bank has over 130 branches in India and has a business value of Rs. 55 billion. Nainital Bank offers services in areas like consumer & corporate banking, investment management, general finance and insurance.
Nainital Bank currently offers three variants of credit cards with two cards designed to exclusively serve to the credit requirements of agriculturists and farmers. Nainital Bank Kisan Credit Cards help the farmers to use banking technology in order to meet instant credit requirements. Customers can also opt for Naini Gold Credit Card which will offer them a range of exclusive benefits.
|Rate of Interest / Credit Card||Naini Kisan Gold Card Scheme (NBKGC)||Naini Kisan Credit Card (NKCC)|
|Interest Rate for credit up to Rs. 3 lakhs||0.50 % over the base rate||0. 50 % over the base rate|
|Interest Rate for credit over Rs. 3 lakhs||1.50 % over the base rate||1. 50 % over the base rate|
The eligibility conditions to avail a Nainital Bank Credit Card is as follows.
The customer must have the following documents ready to complete the application process for Nainital Bank Credit Card.
The documentation is extremely simple for Nainital Bank Credit Card. For a complete list of the documents that has to be submitted to avail Nainital Bank Credit Card, do enquire with the Nainital Bank before proceeding with the Credit Card application process.
Nainital Bank offers two types of Kisan Credit Cards, each exclusively crafted to meet the banking needs of agriculturists. Given below are the variants of Nainital Bank Credit Cards.
This credit card is uniquely designed to meet the investment requirements and production credit requirement of the farmer community. Under this scheme, credit of up to Rs. 50 lakh is offered as revolving cash credit and of term loan nature for cardholders. The cardholders will be able to use this cash for agriculture and related activities.
Naini Kisan Credit Card is specially crafted to offer hassle-free credit for farmers and agriculturists and to help them meet the investment credit requirement and production credit requirements. Cardholders will be offered a suitable finance depending on the land holding and as prescribed by DLTC of the Lead Respective Office. The interest rates are nominal and cardholders can get instant credit through Naini Kisan Credit Card (NKCC).
The use of plastic money and the increasing popularity of such formats have revolutionized the way payments are made and received.
18th September 2014