Nainital Bank FD Interest Rates

What is Nainital Bank FD?

The Nainital Bank Fixed Deposits (FDs) are a safe and flexible deposit scheme that enables individuals, HUFs, and institutions to earn a fixed rate of interest on a lump-sum deposit. The bank offers several schemes to meet the needs of diverse customers, including regular FDs, short-term plans, and tax-saver accounts. These FDs are offered at competitive interest rates, and there is an added advantage to the senior citizens.

Nainital Bank FD: Key Highlights

Updates 

Following the 50-basis-point reduction in the Reserve Bank of India (RBI) repo rate to 5.50%, Nainital Bank changed its fixed deposit rates. The rates can decrease further, according to experts, and a delay in booking FDs can result in lower interest rates.

Nainital Bank Fixed Deposit Interest Rates 2026

Below is a table depicting the term deposit tenure (maturity range) and the rate of returns as given on the official website of Nainital Bank

Domestic Term Deposits below Rs 3 crore 

Nainital Bank FD Interest Rates w.e.f December 11, 2025

Types of Nainital Bank FD 

1. Regular Fixed Deposit Account:

   This is a standard fixed deposit that allows you to park a lump sum of money for a fixed tenure, typically ranging from 1 to 10 years. Interest is paid to you every quarter.

   • Fixed Returns: The interest rate is locked in
   • Tenure: 1 year to 10 years
   • Senior Citizen Benefit: Additional interest rate of 0.50%
   • Liquidity: Premature withdrawal is permitted

2. Short Term Plan:

   The Short Term Plan is designed for investors who want to invest their money for a brief period. This plan is ideal for short-term financial goals and offers a more flexible duration than a regular FD.

   • Tenure: 7 days to 1 year
   • Quarterly Interest Payout: Interest is paid to you every quarter
   • Premature Withdrawal: Available 
   • Additional Interest for Seniors: An additional 0.50% interest rate

3. Re-Investment Deposit:

   Also known as a Cumulative FD, this scheme allows you to reinvest the interest earned back into the principal amount. This helps your money grow faster through the power of compounding.

   • Power of Compounding: Quarterly basis
   • Maximized Returns: The total maturity amount is higher than a non-cumulative FD
   • Senior Citizen Benefits: An Additional 0.50% interest rate
   • Flexible Tenure: 1 year to 10 years

4. Naini Gold Sweep-In:

   The Naini Gold Sweep-In is a unique scheme that links your fixed deposit with your savings or current account. This provides the benefit of higher FD interest rates while maintaining the liquidity of your operating account.

   • Auto-Sweep Functionality: Available 
   • Liquidity of an FD: Funds from the linked FD are automatically "swept in."
   • Higher Interest on Idle Funds: A Higher interest rate than a regular savings account
   • Premature Withdrawal Penalty: No Penalty

Features of Nainital Bank Fixed Deposit

Some of the features of Nainital Bank fixed deposit include:

• Account Renewal and Nomination: The bank offers a facility for the renewal of fixed deposits. Customers can also make additions to their nominations.
• Types of Fixed Deposit Schemes: Nainital Bank offers two types of fixed deposit schemes: regular and tax-saver.
• Minimum Deposit Amount: A minimum of ₹1,000 is required to open a regular fixed deposit account, and for a tax-saving fixed deposit, the minimum deposit is ₹100.
• Account Holding Options: Customers can open accounts individually or jointly.
• Tax Benefits on Tax Saver FD: A maximum of ₹1 lakh can be availed as tax benefits under the tax saver account. Tax deductions are applicable as per the Indian Income Tax Act of 1961.
• Loan Against FD: Customers with tax saver accounts are not eligible for a Nainital loan against FD.
• Premature Withdrawal: A Nainital Bank premature withdrawal is allowed only if the depositor passes away after five years from the commencement of the account.

Eligibility 

The person applying for the Nainital Bank FD needs to comply with the following eligibility criteria - 

• Resident Individual 
• Single Accounts, Two or more individuals in Joint Accounts,
• Illiterate Persons, 
• Blind persons, 
• Purdanasheen Ladies, 
• Minors, 
• Associations, Clubs, Societies, etc. 
• Trusts, Institutions/Agencies (RBI Permitted)

Summing it Up

Customers are advised to confirm the terms and conditions with the bank. Such modifications and revisions can occur at any time during a fiscal year without prior notice to customers. Please note that the FD interest rates are subject to periodic revision at the bank's discretion and in accordance with current policies.