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Nainital Bank FD Rates

Home Fixed Deposit Nainital Bank FD Rates

Nainital Bank offers FD interest rates of 3.25-7.05% p.a. to the general public and 3.75-7.55% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Nainital Bank Tax Saving FDs is 5.75% p.a. for the general public for tenures of 5 to 10 years.

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  • FD Starts from Rs 2000

  • Card Limit = 90% of FD

*Rates are subject to change as per the bank's discretion.

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Updated: 20-11-2024 09:50:52 AM

Nainital Bank FD Interest Rates (p.a.) Highlights 2024
Highest slab rate 7.05% (for Naini 2023 Deposit Scheme – 400 days)
For 1 year 6.70%
For 2 years 6.25%
For 3 years 6.25%
For 4 years 5.75%
For 5 years 5.75%
Tax-Saving FD 5.75%

The interest rates are updated as of 20 November 2024

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Nainital Bank FD Rates 2024

Fixed Deposit Interest Rates on Domestic deposits of less than Rs 2 crore w.e.f. 6 May 2023

Tenure Interest Rates (% p.a.)
Regular Citizens Senior Citizens
7 days to 14 days 3.25 3.75
15 days to 30 days 3.25 3.75
31 days to 45 days 3.25 3.75
46 days to 90 days 4.25 4.75
91 days to 179 days 4.25 4.75
180 days to less than 270 days 4.95 5.45
270 days to less than 1 year 5.75 6.25
1 year to 18 months 6.70 7.20
Above 18 months to 2 years 6.25 6.75
Above 2 years to 3 years 6.25 6.75
Above 3 years to 5 years 5.75 6.25
Above 5 years to 10 years 5.35 5.85
Naini 2023 Deposit Scheme – 400 days 7.05 7.55

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stepup 6.5%INTEREST ON FD

Nainital Bank Tax Saver Deposit

Tenure Interest Rates (% p.a.)
5 years to 10 years 5.75
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Types of Nainital Bank FD Schemes

 Regular Fixed Deposits

  • Minimum deposit amount: Rs 1,000
  • Tenure: 1 year to 10 years
  • Interest will be accrued/paid on a quarterly basis and if the date of interest payment falls on holidays then, the same will be paid on the next working day
  • Nomination facility is available
  • Senior citizens are offered an additional 0.50% interest rate over regular FD rates
  • Additional 1% interest is offered to staff members of the bank
  • Additional 1.50% interest is offered to staff members who are senior citizens (i.e. 1% normal staff privilege plus 0.50% as a benefit given to senior citizens)

Short Term Deposit

  • Minimum deposit amount: Rs 1,000
  • Tenure: 7 days to 1 year
  • Interest will be accrued/paid on a quarterly basis and if the date of interest payment falls on holidays then, the same will be paid on the next working day
  • Nomination facility is available
  • Additional 0.50% interest rates are offered to senior citizens
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Re-Investment Deposit

  • Minimum deposit amount: Rs 1,000
  • Interest will be compounded on a quarterly basis and if the date of interest payment falls on holidays then, the same will be paid on the next working day
  • Senior citizens are offered an additional 0.50% interest rate over regular FD rates

Nani Tax Saver Scheme

  • Deposits under this scheme are eligible for tax deduction under Section 80C of the Income Tax Act
  • Tenure: 5 years to 10 years
  • Interest will be calculated on a quarterly rest basis
  • Deposit can be accepted under RIDS/FDR scheme
  • Nomination facility is available
  • Loan or any type of credit facility is not available against the security of the deposit
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Premature Withdrawal of Fixed Deposits

  • Fixed deposits cannot be prematurely withdrawn before completion of 5 years except in case of death of the depositor
  • Premature withdrawal is not allowed in Nani Tax Saver Scheme
  • In case of premature payment of FD, the interest rate will be 1% less than the interest rate applicable for the duration the deposit remained with the bank

 

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