Nainital Bank - Home Page
  • 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 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

145 Branches - 100% CBS/RTGS/NEFT Enable
Home > Services > RTGS / NEFT
RTGS / NEFT
RTGS :

Real Time Gross Settlement’, RTGS, is the fastest possible money transfer system through the banking channel. Because settlements are made in real time, transactions are not subject to any waiting periods. With RTGS, transferring money becomes an easier, faster process. Real Time Gross Settlement (RTGS) System is set up, operated and maintained by Reserve Bank of India to enable funds settlement on real-time basis across Banks in the country.

Eligibility :

Nainital Bank offers instant remittance facility through RTGS to both corporate and individual customers for transfer of funds from their accounts with us to customers of other Bank branches or vice versa, which are RTGS enabled.

Requirement :

Nainital Bank customer who is willing to transfer the funds will be required to provide the IFSC Code (a number allotted to each participating Bank branch) of the branch where the funds are to be transferred, along with other details of the beneficiary - Name, Account Number, etc. If they are to receive funds from others, they can inform the details like IFSC Code (of the branch of Nainital Bank where account is maintained), account number, etc to the sender.

Benefits to Customers :
  • Transfer of funds on the same day

  • No physical loss or material changes while in transit

  • Fully secured

  • Better cash management

RTGS Schedule :

As per RBI, schedule of RTGS is as follows:

Day Start Time End Time
All working Days
07:00 hrs 18:00 hrs

*Please note that all the above timings are based on Indian Standard Time (IST) only.

Charges:

Charge per transaction
(Tax extra)
Amount Slab Rates - per transaction
Rs.2 to 5 lacs Rs. 24.50 (+ Applicable GST)
Above Rs.5 lacs Rs. 49.50 (+ Applicable GST)

 

 

NEFT :

Reserve Bank of India has introduced a system called ' National Electronic Funds Transfer System (NEFT)' through which funds transfer operation would take place among member Banks and financial institutions. Our bank is one of the participants in the above system. Electronic Funds Transfer System facilitate an efficient, Secure, economical, reliable and expeditious system of funds transfer

Eligibility :

Fund Transfer through NEFT can be availed by the customers who maintain their operative accounts viz., Savings Bank, Current Account. This facility can also be allowed to CC / OD account etc., subject to ensuring end use of funds. Outward / Inward remittance facility under NEFT is offered to the customers of all the NEFT enabled branches.

Requirement :

Nainital Bank customer who is willing to transfer the funds will have to submit a request by filling up a form available in all NEFT Branches along with the Cheques/Debit instruction. The customer has to inform the beneficiaries Account Number, Name and IFSC code the Bank/ Branch where the funds are to be remitted. If they are to receive funds from others, they can inform the details like IFSC Code (of the branch of Nainital Bank where account is maintained), account number, etc to the sender

Benefits to Customers :
  • NEFT transactions may be made for amounts inclusive of paisa component.

  • There is no value limit for putting through an individual NEFT transaction.

  • No physical loss or material changes while in transit

  • Fully secured

  • Better cash management

NEFT Shedule :

RBI NEFT transactions are settled in batches based on the following timings:

NEFT is now available 24*7, 365 days.
The settlement to beneficiary will be done as per RBI batches.
(Transaction through Branches - As per Branch working Hours)

* Please note that all the above timings are based on Indian Standard Time (IST) only

The messages sent before the above batch timings shall be included in the respective settlements otherwise they shall be included in the next batch/day

Charges :

Presently charges are Nil for Savings Bank users for NEFT done via Netbanking.


Amount Slab Rates - per transaction (GST extra)
Up to Rs.10,000 Rs. 2.25 (+ Applicable GST)
Above Rs.10,000 up to Rs 1 lakh Rs. 4.75 (+ Applicable GST)
Above Rs. 1 lac and upto 2 lac Rs. 14.75 (+ Applicable GST)
Above Rs. 2 lac Rs. 24.75 (+ Applicable GST)