The Nainital Bank Limited is a small private bank with its head office at Nainital, Uttrakhand. Nainital bank was founded by legendary freedom fighter Govind Ballabh Pant in 1954.

In 1975, Bank of Baroda acquired 98.6% stake in it. In April 2004, National Insurance Company (NIC) signed an agreement with it for distribution of its general insurance products through the bank's branches across Uttarakhand, Haryana and New Delhi.

It provides online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. It reported net profit of Rs. 65.42 crores for the year ended 31st March 2014.

Fixed Deposit Rates in Nainital Bank

Nainital Bank offers FD interest rates up to 7.90% per annum. Interest on deposits with Nainital Bank is typically compounded quarterly.

It accepts deposits starting at Rs. 0 for various tenures. For senior citizens (age more than 60 years), it offers higher interest rate over and above rates mentioned below:

Duration Rate Deposit Amount Rules Additional Interest
for Seniors

7 days-14 days 4.00% Must be atmost Rs. 1 crore 0.50%

15 days-30 days 5.00% Must be atmost Rs. 1 crore 0.50%

31 days-45 days 5.50% Must be atmost Rs. 1 crore 0.50%

46 days-90 days 6.25% Must be atmost Rs. 1 crore 0.50%

91 days-179 days 6.50% Must be atmost Rs. 1 crore 0.50%

180 days-270 days 6.65% Must be atmost Rs. 1 crore 0.50%

270 days-1 year 7.00% Must be atmost Rs. 1 crore 0.50%

1 year-2 years 7.15% Must be atmost Rs. 1 crore 0.50%

2 years-3 years 7.15% Must be atmost Rs. 1 crore 0.50%

3 years-5 years 7.00% Must be atmost Rs. 1 crore 0.50%

5 years-10 years 7.00% Must be atmost Rs. 1 crore 0.50%