Nainital Bank - Home Page
  • BANK OPENED ITS 149th BRANCH AT BHAUWALA, DEHRADUN AND 150th BRANCH AT CHIDDERWALA, DEHRADUN ON 6th NOVEMBER, 2020. SH. DINESH PANT, CHAIRMAN & CEO INAUGURATED BOTH THE BRANCHES

  • BANK OPENED ITS 148TH BRANCH AT BHANIYAWALA, DEHRADUN ON 5TH OCTOBER, 2020. MR. DINESH PANT, CHAIRMAN & CEO INAUGURATED SAHASTRADHARA AND BHANIYAWALA BRANCHES.new

  • Bank opened its 146th Branch at Danpur, Rudrapur on 29.09.2020 and 147th Branch at Govindpuram, Ghaziabad on 30.09.2020. Mr. Dinesh Pant, Chairman & CEO of the Bank inaugurated both the branches.new

  • 98th Annual General Meeting of Nainital Bank held on 10th September,2020 through VC at Bank's Head Office, Nainital.new

  • Bank paid tribute to its founder father Bharat Ratna Pt. Govind Ballabh Pant on his 133rd birth anniversary on 10th September,2020.new

  • Notice for shareholders new

  • Bank celebrated its 99th Foundation day with great fervour and enthusiasm by organizing simple events and remembering and paying tribute to its founder fathers including Bharat Ratna Pt. Govind Ballabh Pant.new

  • Bank has opened its 145th branch at Jail Road Crossing, Haldwani on the auspicious day of Bank's 99th Foundation day. Our hon'ble Chairman & CEO Sh. Dinesh Pant inaugurated the branch.new

  • To fulfill its CSR responsibilities Bank adopted Himalayan black bear, Red Panda, Goral, Kaliji Pheasant and love bird for one year at G.B.O\Pant High Altitude Zoo at Nainital alongwith tree plantation activity on ceremonial occasion of Bank's 99th Foundation Day.new

  • IN VIEW OF COVID-19 CRISIS 'EMERGENCY CREDIT LINE GUARANTEE SCHEME' IS AVAILABLE IN OUR BANK FOR MEETING THE ADDITIONAL TERM LOAN/WORKING CAPITAL FACILITY UPTO 20% OF TOTAL OUTSTANDING AS ON FEBRUARY,29,2020 TO ELIGIBLE BUSINESS ENTERPRISES /MSMEs.new

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f. 01.04.2020.new

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19 pandemic.new

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the farmers.new

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral coverage.new

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak victims.new

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak victims.new

  • "Bank requires career oriented professionals as specialist officers in the category of Chartered Accounts, Credit Officers, Marketing Officers, IT Officers,Risk Officer, Planning Officer and Law officer". For details visit the Bank's website. new

  • Bank's esteemed customers are informed that the ATM withdrawal limit per Card per day reduced from Rs 40,000/- to Rs 20,000/- w.e.f. November 01,2018.

  • All esteemed customers holding magnetic cards are requested to get their cards replaced with EMV chip cards for uninterrupted card services.

150 Branches - 100% CBS/RTGS/NEFT Enable
Home > Business Banking > Shiksha Prasar for Institute
Shiksha Prasar for Institute
Eligibility :

All Registered Trusts/Societies/Companies imparting academic/professional education by establishing Schools/ Colleges and other educational/professional institutions affiliated with any of the recognized Boards of Central/State Governments/competent Authority/University etc. and Schools up-to class VIII.

Purpose :
  • For construction of School/College/Institute building, boundary wall, hostel, staff quarters, laboratory, indoor/outdoor sports court/ground, construction of swimming pool etc.
  • For purchase of constructed buildings for the activity.
  • To purchase laboratory & other equipments, furniture-fixtures, Library books, computers for lab, sports goods, vehicles, and medicines for School/College/Institute dispensary, D.G. sets and also to establish Gym etc.
  • To purchase additional land for expanding building, playgrounds and other related activities.
  • To takeover existing credit facilities from other Banks/financial institutions provided the accounts are regular and in standard category.
  • To meet other running expenses of school/college/ institution, pending receipt of fee/charges from students.
  • To meet other expenses of repair, renovation, upkeep and maintenance of the building etc. of the school/college/institute subject to maximum amount of loan upto Rs.50.00 lacs or 25% of value of land, building and other fixed assets of school/college/institute, whichever is less.
  • For purchase of new vehicles (Four wheelers) linked to the activity.
Nature & Amount Of Facility :

Demand /Term Loan / Overdraft : Maximum Rs.1000.00lac. However OD facility to be restricted within Rs.100.00lacs and should not exceed 50% of fee collection of the previous year or expected fee collection of the current year as the case may be.
Financing for vehicles to the existing borrowers having satisfactory track record may be considered even without collateral security by the authorities under their respective DLP. However in such cases the minimum margin should be 25% (strictly) and the exposure to the borrower including the proposed facility should be within the ceiling of loan amount.
Bank Guarantee : As per requirement of the borrower.

Margin :

Demand / Term Loan : 35% of cost of construction.
25% of cost of other assets i.e. furniture-fixtures, D.G. Set, computers, lab equipments, library books etc. to be acquired.
Overdraft : NIL.
Bank Guarantee : Minimum as per delegated power.

Rate Of Interest :

Click here for latest Rate of Interest


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