Nainital Bank, officially named The Nainital Bank Limited (NBL), was founded in 1922 with the primary goal of providing a diverse range of products and services to cater to the distinctive banking requirements of various customer groups. In 1973, the Reserve Bank of India (RBI) instructed Bank of Baroda, one of India’s foremost and second-largest banks, to oversee the operations of Nainital Bank. Presently, Nainital Bank operates through a network of 168 branches and has its headquarters situated in Nainital, Uttarakhand.
Different Types of Products and Services Provided by Nainital Bank
The different types of products and services provided by Nainital Bank include the following
- Nainital Bank Deposits
- Nainital Bank Loans
- Nainital Bank Cards
- Nainital Bank Investment
- Nainital Bank Insurance
- Nainital Bank Banking Services
Nainital Bank Deposits
Nainital Bank Deposits consist of categories of deposits that inculcate small savings habits for future use, the ones that help in efficient finance management in businesses, and those that are long-term investments for higher returns and that provide for bigger commitments in the future.
Nainital Bank Savings Accounts
Nainital Bank Savings Accounts are small savings that help set aside some amount from the income to earn interest as well as come in handy for emergencies. The bank has a variety of savings account plans.
Type of Account | Primary Features |
Regular Savings Account | Individuals (single or joint account), illiterate persons, blind persons, pardanasheen ladies, clubs, associations, trusts, and societies can open an accountSimplest deposit optionMinimum balance: Rural areas: Rs. 500 Semi-urban areas: Rs. 1000 Urban/Metro areas: Rs. 2000 |
Small Savings Account | Individuals (single or joint account), illiterate persons, blind persons, pardanasheen ladies, clubs, associations, trusts, and societies can open an accountSimple KYC normsNo minimum balance normsThe total deposits in a year should not exceed Rs. 1.00 lacBalance in the account should not be beyond Rs. 50000 at any time.On completion of KYC norms, the account can be converted to a regular savings account. |
No Frill Account | Resident individuals can open an accountNo minimum balance normsSeveral accounts in a family permittedThe overall balance of all the accounts in the family should not exceed Rs. 50000The total deposit collectively in all the accounts should not exceed Rs. 1.00 lakh in a yearNo cheque book facility. |
Naini Mahila Samridhi Savings Account | Especially for womenQAB: Rs. 1000 in rural areas Rs. 2000 in semi-urban areas and Rs. 3000 in Urban/Metro areasRupay Debit Card: Issue charges exempted for the 1st yearInterest concession of 0.25% on two-wheeler loans and 0.50% on education loans for girl child25% concession on locker rentFree cheque leaves: 25 in a yearFree SMS alerts for the first yearSweep-in and Sweep-out facility on request |
Naini Champ Savings Account | Minor by guardian for children below 10 years and self-operated account for children above 10 yearsNo minimum balance norms50% concession on RTGS/NEFT charges |
Nainital Bank Current Accounts
Nainital Bank Current Accounts are specially designed for the convenience of banking transactions for businesses. These accounts do not earn interest. There is no restriction on the number of transactions conducted in the accounts
The different types of current accounts offered in the bank are:
Type of Account | Primary Features |
Current Account | Resident Individuals (single or jointly), illiterate persons, blind persons, Proprietorship or Partnership firms, Limited Companies, Trusts, Societies, Clubs, Associations, Educational Institutions, HUFs, Government and Quasi-Govt Departments, and Municipalities can open an accountIntroduction from a person acceptable by the bank before opening an account is mandatoryA minimum balance as stipulated from time to time should be maintained in the accountLedger folio charges will be collected.Charges applicable for cheque books issued |
Naini Gold Account | Designed for those who intend to earn interest on the current accountAnyone eligible to open a current account can open this accountThe balance in the current account above a threshold limit can be converted into a Fixed Deposit and earn interest. Sweep-in as well as Sweep-out facility is permittedFree Nainital Bank Statement50% concession on DD, NT/PO chargesFree RTGS/NEFTFree ATM cum Debit CardNo processing charges on car loans and home loan20% discount on locker rent |
Nainital Bank Cards
Nainital Bank provides Debit Cards for the convenience of banking transactions and Credit Cards for buy now and pay later facilities.
The Bank issues Naini RuPay Debit Cards to access your account easily through ATMs and for conducting online as well as offline purchases.
The variants under Nainital Bank Credit Cards are:
- Naini Kisan Credit Card
- Naini Kisan Gold Card
Nainital Bank Loans
Nainital Bank provides both retail as well as business loans. The loans designed for specific requirements are:
Type of Loan | Primary Features |
Apna Ashiana Scheme | For the construction/purchase of a residential house or flat. For the purchase of a plot and construction thereon and transfer of home loan balance from other banksAmount: 75% to 90% of the project cost with a maximum of Rs. 500 lacsTenure: Up to 30 years |
Suhana Safar for Vehicle | For the purchase of new cars, MUVs, or SUVsFor the purchase of used cars not older than 3 yearsFor the purchase of new two-wheelersAmount: 90% of the on-road price for new cards, 85% of the on-road price for new two-wheelers, and 75% of the present value for old cars Maximum amount: Rs. 100 lacs |
Naini Sahyog (Personal Loan) | For any personal requirementsFacility either as a term loan or an overdraftAmount: Maximum Rs. 15.00 lacsTenure: 7 years for TL and 12 months for Overdraft |
Gyani | To pursue Technical and professional courses in India and abroad for deserving studentsOnly for Resident Indian StudentsMaximum amount Rs. 75 lacs depending on the course selected.No margin for loans up to Rs. 4.00 lacs and a15% margin for loans above Rs. 4.00 lacs |
Other Nainital Bank Loans
Naini Top-up home loans | Loan against property scheme |
Residential plot purchase scheme | Vyapar Suvidha Loan |
Naini Udyog Prasar Scheme | Naini Shiksha Prasar Scheme |
Scheme for financing to Govt Contractors | Nainin Udyog Suvidha Scheme |
Nainital Bank Investment
Nainital Bank Term Deposits are a prudent investment option for those who intend to save for the future while earning good returns. The Nainital Bank FD Rates range from 3.25% to 7.10% depending on the tenure. Senior Citizens are provided an additional 0.50% over and above the regular Nainital Bank FD Rates.
The various Term Deposit Schemes of the bank are:
Type of Account | Primary Features |
Regular Fixed Deposit | Everyone eligible to open a savings and current account can applyAmount: Minimum Rs. 1000Tenure: 12 months to 10 yearsDeposits by Senior Citizens will earn an additional 0.50% over and above the regular Nainital Bank FD Rates for amounts within Rs. 1.00 Crore |
Short-Term Plan | Everyone eligible to open either a savings bank or current account can invest in this plan.Amount: Minimum Rs. 1000Tenure: 7 days to 12 months |
Reinvestment Deposit | Everyone eligible to open a savings and current account can invest in this plan The interest will be compounded quarterly and paid on the maturity of the deposit. Minimum amount Rs. 1000Premature withdrawal is permitted Senior citizens will earn an additional 0.50% interest in an addition to the regular Nainital Bank FD Rates. |
Naini Gold Sweep-in | This deposit is linked to a savings bank or a current account.The balance in the savings or the current account above a threshold limit will be invested in this plan The period of the deposit will be 30 days/90 days.Each unit will be Rs. 25000 for theSavings Account and Rs. 1.00 lac for the Current AccountThe units will be liquidated in the last in and first out method. |
Nainital Bank Banking Services
The various banking services provided by the Bank are:
- Nainital Bank Net Banking Service: If you register for the Nainital Bank Net Banking services you can easily transfer funds to accounts within the bank and in other banks, download Nainital Bank Statement, request a cheque book, view account balance, manage credit and debit cards, etc at your convenience and in the comfort of your homes or offices.
- Nainital Bank Mobile Banking: This service is provided for tech-savvy people. Funds transfer through IMPS/UPI can be done without registering the beneficiary. You can also get the account balance or Nainital Bank Statement etc.,by sending an SMS to Nainital Bank Balance Check Number 9219510023 in the designated format
- RTGS/NEFT: For fast funds transfer to accounts in other banks both online as well as offline.
- Safe Deposit Locker: Locker facilities for the safekeeping of important documents and valuables.
Nainital Bank Customer Care
To contact the Nainital Bank Customer Care for any account-related queries and product information you can
- Call the Nainital Bank Customer Care Number 1800 180 4031 for ATM queries
- For queries other than ATM queries call the Nainital Bank Customer Care Number +918069840140. The services are available between 10 am to 6 pm on all days except 2nd and 4th Saturdays, Sundays and Bank holidays.
Nainital Bank FAQ’s:-
The ATM cash withdrawal limit stipulated by the Nainital bank is Rs. 20000/- per day and Rs. 10000/- in a single transaction.
Yes. You can earn interest with the Nainital Gold Account where an amount above the threshold limit is converted to a Fixed Deposit to earn interest.
The services offered by Nainital Bank are Nainital Net Banking, Mobile Banking, SMS Banking, Safe Deposit Lockers, etc.
Individuals (singly/jointly), Blind persons, illiterate persons, Clubs, Associations, Firms, Limited Companies, HUFs, Purdanasheen women, minors, Trusts, Societies, Institutions/Agencies permitted by RBI can open a Savings Account in Nainital Bank.
Senior citizens are provided an additional 0.50% interest over and above the prevailing Nainital Bank FD Rates.