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Naini Gold Sweep In
Naini Gold Sweep In :

Nainital Bank offers Naini Gold Sweep In schemes for 90 days/30 days. It can be opened through your saving or current account. It provides a way to earn more interest on your saving/ current account balance.

Eligibility :

Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a “Naini Gold Sweep In" Account" in single/joint name/s.

Features :
  • The sweep unit will be of 90 days for saving account and 30 days for current account.

  • The unit value will be of Rs.25000/- for saving account and Rs.100000/- for current account.

  • Unit will be liquidated in Last In First Out system.

  • Tax is deducted at source, from the interest on Naini Gold Sweep In, as applicable, as per the Income Tax Act, 1961.

  • Nomination facilities are available