Nainital Bank - Home Page
  • 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.

148 Branches - 100% CBS/RTGS/NEFT Enable
MSME
Naini Udhyog Suvidha for MSME

SCHEME FOR FINANCING MSME ACTIVITY- MSME

Coverage & Eligibility:

Micro, Small and Medium Enterprises– as defined in MSMED Act 2006 engaged in Manufacturing or Service sector (other than Retail Trade) established in the line of business for a minimum period of 2 years and financed/proposed to be financed under sole banking arrangement.
The unit proposed to be financed should preferably be registered with DIC.
The borrowers already availing working capital facility under general finance for the manufacturing/ service can not be financed under the scheme simultaneously; however such borrowers may switch over to this scheme if they otherwise qualify for the same.

Purpose :

For working capital requirement.

Nature of facility :

Over Draft ( Against Land and Building belonging to unit or Promoters of the unit or close relatives viz. father, mother, spouse, son or daughter only, provided they stand as guarantors.

Amt. of facility :

Minimum 15,00,000/( Rs. Fifteen Lac only)
Maximum Rs.2, 00, 00,000/- (Rs. Two Hundred Lac only)

Rate of Interest:

Click here for latest Rate of Interest

Method of assessment of working capital:

The credit limit to be considered as under:

Maximum amount of limit will be lowest of the followings:
20% of accepted projected sales subject to verification of sales tax returns of previous years/quarters
OR
Advance value of collateral (after adjusting of margin)
OR
Rs.2,00,00,000/- (Rs. Two Hundred Lac only).

Margin on collateral security:

On the value of Immovable property (Only Commercial or Residential property to be taken as security) - 40%.

Prime Security:

Hypothecation of stocks.
Hypothecation of Book Debts.
Hypothecation of Assets created out of bank finance.

Collateral Security:

Mortgage of immovable property (Only Commercial or Residential property to be taken as security).
Important:The immovable property proposed to be mortgaged as security must have some construction on it or it must be demarcated by proper boundary wall for easy identification of the property.
One credit facility against one property is to be allowed

Age of Property:

Maximum 25 Years (building). In case the same exceeds 25 years, branch to get the property inspected by the approved architect of the bank and a certificate is obtained regarding soundness and remaining age of the construction (building) from him.

Period:

-12- Months, subject to annual review