Nainital Bank - Home Page
140 Branches - 100% CBS/RTGS/NEFT Enable
No Frill Account
No Frill Saving Account

It provides necessary banking facility while you need not to maintain minimum balance.

  • All resident individuals eligible to open a "No Frills Saving Account" except NRIs, trusts, societies, etc.

  • Any number of accounts in a family can be opened under this scheme.

  • Nomination facility is available.

Terms and Conditions:
  • Total credits in the account should not exceed Rs.1,00,000/- in a year.

  • The balance in all the accounts of the accountholders taken together in the bank should not exceed Rs.50,000/-.

  • No cheque book facility will be available.

  • Withdrawals will be through withdrawal slip.

Note: If at any point of time the balance in the NO FRILL ACCOUNT exceeds Rs. 50,000/- or total credits in the account in a year exceed Rs.1,00,000/-, the account will be kept deactivated and can only be re-activated as a Regular Saving Account after completion of KYC formalities.