Nainital Bank is offering the customers with attractive short-term fixed deposit schemes. This will help an individual to invest in some profitable products maintaining a healthy liquidity. With the likes of sustaining good returns and freedom of convertibility, Nainital Bank is the one providing the solution for all the financial requirements.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Nainital Bank FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
For the holding period of a month, Nainital Bank offers the return of 4.5% per annum, whereas, it gets a raise by 2% to 6.5% per annum for the holding period of two months. This is the most attractive rate offered in the short-term category. Moreover, for the tenure of three months to four months, the returns are pegged at 7.1% per annum.
For medium and long term deposits, Nainital Bank is offering the customers with attractive returns on their deposits.
For the mid-term tenure ranging from 6-9 months, the rate of interest calculated is 7.5% per annum.
It gets extended to 8% per annum for the holding period ranging from one year to one year and six months.
For the tenure of one year, the rate of interest calculated is 8% per annum which is considered profitable in this category.
Moreover, for the long-term tenure of two, three and four years, the interest rate is levied at 7.75% per annum.
In the long-term category, the deposit period of three years is considered profitable as when the deposit period extends to five years, the rate of interest is levied at 7.5% per annum.
On the other hand, Nainital Bank also provides with tax saver fixed deposit scheme which is levied at 7.75% per annum.
Like other financial institutions, Nainital Bank also provides with an additional 0.5% over the above-mentioned rates across every deposit for the senior citizens of India.