This article offers a brief summary of the key aspects of the Nainital Bank’s Short Term Plan schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
Nainital Bank – Short Term Plan Features:
- Interest accrues on a quarterly basis, with payments processed on the next working day in case the due date falls on a holiday.
- Pre-mature closure of term deposits is permitted.
- If a Short Term Deposit (STD) is closed before its original term, interest will be paid at the rate applicable on the deposit date for the duration it remained with the Bank.
- Renewal of the deposit for an extended period is an option.
- Tax deduction at the source from the interest earned on Short Term Deposits is carried out as per the guidelines of the Income Tax Act, 1961. Nomination facilities are provided.
How to invest?
Click here to invest in the Nainital Bank’s Short Term Plan schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.