Nainital Bank Fixed Deposit Interest Rates

Hello sir I am here as I want to know what is the Fixed Deposit Interest Rates of Nainital Bank so will you please tell me about this??

[Rajkumar Agarwal]

The Nainital Bank Limited is a small private bank with its head office at Nainital, Uttrakhand. Nainital bank was founded by legendary freedom fighter Govind Ballabh Pant in 1954.


Fixed Deposit
This Bank offers fixed deposit schemes for various durations.

It offers simple investment Deposits (at very competitive interest rates), which can be opened with a minimum investment of Rs 1,000. The tenure of fixed term deposit must be a minimum of 12 months.

Features:
-Interest will be paid/accrued on quarterly basis and in case the date of interest payment falls on holidays then on the next working day.
-Repayment of term deposits before maturity is permissible. In the event of the FDR being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with the Bank.
-The deposit can be renewed for a further period.
-Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.
-Nomination facilities are available

Fixed Deposit Interest Rates of this Bank:
Maturity Range Rates (%p.a.) Rates for Senior Citizens (%p.a.)
7 days to 14 days 4 4.5
15 days to 30 days 4.5 5
31 days to 45 days 6 6.5
46 days to 90 days 6.5 7
91 days to 179 days 6.75 7.25
180 days and above but below 270 days 7.5 8
270 days and above but less than 01 year 7.5 8
1 Year and above but upto 2 years 7.9 8.4
Above 2 years but less than 3 years 7.75 8.25
3 years and above but less than 5 years 7.75 8.25
5 years and above upto 10 years 7.5 8
Naini Tax Saver Scheme 7.75 7.75