Nainital Bank Nainital Bank - Home Page
  • The Naini Business Center ,Regional Office-Delhi and Naini Loan Point-Delhi has been functional w.e.f. 21st October 2017 at 4th Floor,C-20/1A, UPRNN Building, Sector-62 Noida, District-Gautam Budh Nagar, Uttar Pradesh. new

  • Exercise for recruitment of Management Trainees.-new

  • MOU signed between The Nainital Bank Limited and Future Generali India Insurance Company Limited on 05/06/2017new

  • Bank has opened its 135th Branch at Vikrampur- Bazpur. new


  • MOU signed between Nainital Bank & India First Life Insurancenew

  • Bank has opened its specialized Loan Processing Centre "Naini Loan Point" at Lucknow, New Delhi, Dehradun, Haldwani and Rudrapur.new

  • Application for converting existing saving account to PMJDY( Basic Saving Bank Deposit ) Account. – Click here for download

  • Bank conferred with Excellence Award for excellent performance under Pradhan Mantri Jan Dhan Yojna(PMJDY).

  • Notice for the customers regarding CTS-2010 Standard Cheque Forms. Click here…

135 Branches - 100% CBS/RTGS/NEFT Enable
Naini Tax Saver
Naini Tax Saver Fixed Deposit :

In the Finance Act 2006, Section 80C of Income Tax Act 1961 was amended to include deposits placed with a scheduled bank to qualify for deduction under 80C. The amount of investment up to Rs.1,00,000 under the notified deposit scheme will be eligible for deduction under Section 80 C of Income Tax Act for individuals / Hindu Undivided Families. In terms of the amendment a deposit scheme has been introduced with certain value added features for the benefit of customers.

Eligibility :
  • All individuals and HUF are eligible to invest in the product. It is most suitable for income tax payers like salaried persons, higher and middle-income group, retired persons etc.

  • The firms, companies, trust, societies, clubs, institutions, corporate etc. are not allowed to invest under the product.

Period Of The Deposit:

Minimum 5 years with a maximum tenure up to 10 years.

Minimum & Maximum Amount :
  • Minimum amount shall be Rs. 100/- & in multiples of Rs. 100/-

  • For availing Tax benefit maximum amount in a financial year - Rs. 1/- lac under Section 80C of Income Tax Act.

Premature Withdrawal Of The Deposit :

Premature withdrawal of the deposits made under the scheme shall not be allowed before completion of 5 years except in case of death of the depositor.

Interest Payment & Tax Liability :
  • Interest will be computed on quarterly rest basis.

  • Deposit can be accepted under our RIDS/FDR scheme.

  • In case of any request for prepayment of any time deposit before its due date, the Bank may do so after completion of minimum 5 years period, at its discretion and pay interest at 1% below the rate ruling on the date of making deposit, for the period for which the deposit has actually remained with the Bank.

  • Interest on the deposit is liable to tax / TDS.

Loan / Overdraft Against The Security Of The Deposit :

NO loan and / or any type of credit facility shall be considered against the security of the deposit. The deposit cannot be taken as collateral security also.

Nomination facility is available.