Nainital Bank offers attractive interest rates on recurring deposits (RDs). The tenure of the RDs range from 1 year to 10 years. You can invest in RDs that offer interest rate ranging from 6.30% to 7.10%. The minimum amount that you can deposit every month is Rs.100.
Nainital Bank RD Interest Rates
| Tenure | Interest Rate |
|---|---|
| 1 year | 7.10% |
| More than 1 year to up to 2 years | 6.80% |
| More than 2 years to up to 3 years | 6.40% |
| More than 3 years to up to 5 years | 6.30% |
| More than 5 years up to 10 years | 6.30% |
Nainital Bank Short-Term RD Interest Rates
You can open an RD with Nainital Bank for a short deposit term ranging from a minimum tenure of 2 year at an interest of 7.10%. For a period of more than 1 year an d up to 2 years, the interest rate is 6.80%.
Nainital Bank Medium and Long Term RD Interest Rates
You can open an RD with Nainital Bank for a medium term of 3 years to less than 5 years and for a long deposit term of 5 years to a maximum period not exceeding 10 years. The interest rate for both the tenure is 6.30%. The RD amount should be less than Rs.2 crore.
Investing in RD is good investment option as it helps you get int the habit of saving monthly. You can even look at other investment vehicles like mutual funds, fixed deposits, stocks, and bonds, among others.
More you need to know about Recurring Deposit
- Compare Recurring Deposit Rates of Nainital Bank with Other Banks and Institutions
- Check Features and Schemes of Nainital Bank Recurring Deposit
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