Nainital Bank - Home Page
  • 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 reduced its MCLR by 30 basic points (bps), now MCLR for one year is 7.85%.new

  • Bank has reduced NRLLR by 75 basic points(bps), now NRLLR is 7.40%.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 has opens its 141st Branch at Canal Road, Dehradun .new

  • 97th Annual General Meeting of Nainital Bank held on 20th September 2019, at Nainital
    -Click here for Press Releasenew

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
  • Declaration of Result of Online Examination for Recruitment of Officers and Clerks held on August 24 & 25, 2019new

  • Notice for Shareholdersnew

  • Bank sponsored children's football team tournament on 15th August, 2019 where our Chairman & CEO Sh. Dinesh Pant was Chief Guestnew

  • Bank has reduced its interest rates on various Retail products:
    Now Home Loan is available @ 8.40% p.a.
    Car Loan @ 8.80% p.a.
    Education Loan @ 9.60% p.a.
    Personal Loan @ 11.40% p.a.
    Loan to Govt. Contractors @ 9.20% p.a.new

  • Bank celebrated it's 98th foundation day on 31st July, 2019 with gaiety and enthusiasmnew

  • Waiver of processing, documentation & other charges applicable to "Apna Asiana” and “Suhana Safar” up to 30.09.2019. new

141 Branches - 100% CBS/RTGS/NEFT Enable
Interest Rate
 

Interest rate on Saving Bank Deposit 3.00%

 

w.e.f. 10th April, 2020
Maturity Range Rates (%p.a.)

7 days to 14 days

4.10%

15 days to 30 days

4.60%

31 days to 45 days

4.80%

46 days to 90 days

4.80%

91 days to 179 days

5.60%

180 days and above but less than 270 days

5.90%

270 days and above but less than 1 year

5.95%

1 year and above but less than or equal to 18 months

6.00%

Above 18 months but less than or equal to 2 years

6.10%

Above 2 years but less than or equal to 3 years

6.10%

Above 3 years but less than or equal to 5 years

6.10%

Above 5 years but less than or equal to upto 10 years

6.10%

Naini Tax Saver Scheme*

7.00%

*Premature withdrawal not allowed before completion of 05 years except in case of death of the customer.

Domestic Term Deposits for Senior Citizens: - Branches may continue to pay an additional interest of 0.50% on domestic term deposits of less than Rs. 2.00 crore to Senior Citizens for all tenors in terms of extant guidelines, except under Naini Tax Saver Scheme.

Domestic Term Deposits for Staff Members: - Branches may continue to pay an additional interest of 1% on domestic term deposits of less than Rs. 2.00 crore to all Staff Members for all tenors in terms of extant guidelines, except under Naini Tax Saver Scheme.

Please note that in case of retired Staff members who are Senior Citizens resident in India, branches are authorized to pay additional interest of 1.50% per annum (i.e. 1% normal staff privilege plus 0.50% as a benefit to Senior Citizen) on their fresh term deposits and renewals of existing resident Term Deposits of less than Rs. 2 Crores for maturities from 15 days to 10 years.

Branches are advised to provide additional rate( as applicable) to staff and senior citizen staff in cases where name of staff / senior citizen staff is principal holder in account.

We reiterate that in case of premature payment of term deposits, interest rate shall be 1% less than the interest rate applicable for the period the deposit remained with the bank as per existing guidelines.

We, further have to inform that rates for bulk deposits (single deposit of Rs 2.00 Crores and above) are determined by Treasury Department, Head Office, Nainital and are directly displayed on our website.

For Bulk Deposit-Rs. 2.00 crore and above including Inter Bank Deposits, reference to be made to 
Investment Department, HO Nainital. (05942-237138)
or Write to - investment@nainitalbank.co.in
  • Rate quoted are subject to change without notice.
  • The revised rates are applicable for fresh deposits and renewal of old deposits.
  • In case of premature payment of Term Deposit, Interest Rate shall be 1% less than the interest rate applicable, at the time of placing the deposit, for the period the deposit remained with the Bank.

 

Effective Period : March 10th, 2020 - April 09th, 2020
Tenor MCLR in %

Overnight

7.85

1 Month

7.85

3 Month

7.90

6 Month

8.00

1 Year

8.15

2 Year

8.45

Above 2 Year

8.85