Aside from stock market or mutual fund investments, are you seeking a stable investment avenue? A Fixed Deposit might be your avenue to park your hard-earned money and grow it safely over time. 

As of 2026, FD accounts still capture 59.5% of all bank deposits across India, representing an average of ₹4.25 lakh FD investment per household. 

If you are interested in such an investment option, an FD investment scheme by Nainital Bank might attract you. 

Benefits of Nainital Bank FD 

Before you invest and earn from the Nainital Bank interest rate, you must note a few of its key benefits. This will help you make the most of your Nainital Bank FD investment:

Rate of Interest

Like most banks, Nainital Bank offers different interest rates for regular and senior citizens. While the bank already provides competitive returns to regular depositors, Nainital Bank FD rates for senior citizens include an additional 0.50% over the prevailing rate, making it more rewarding for older investors. This special rate is applicable for fixed deposits under ₹1 crore, ensuring attractive earnings with added security.

Flexibility in Investment Tenure

With Nainital Bank, you can opt for a flexible tenure. It means you can opt for a short-term, regular-term or a reinvestment deposit. You can create an FD for a tenure between 7 days and 12 months. In addition, the bank lets you choose your tenure at a minimum of 12 months. Thus, it helps you to set and realise your short and long-term goals effectively. 

Affordable Investment

If you are wondering why choose Nainital Bank FD over others, you can think about its affordability. For short, regular and reinvestment deposits, the bank sets an affordable investment, starting from ₹1,000. Thus, based on your financial capacity, you can choose your FD capital with flexibility.

FD Renewal Facility

By renewing your FD, you ensure that your investment continues to earn interest, allowing you to grow it for the long term. The same feature Nainital Bank brings to you, as you can opt for renewal of your FD investment once it reaches maturity. 

With Stable Money, you can now book an FD and earn up to 8.15% per annum. Download the app now and start your investment journey! 

Eligibility to Avail Nainital Bank FD Rates

Before you approach the bank to earn the Nainital Bank FD rates, you must ensure you are eligible. Below is a detailed list of entities that can open an FD account with Nainital Bank:

• Any resident individual of 18 years or above with a single account can open an FD with the bank.
• New and existing joint account holders are also eligible for an FD account at the bank.
• Hindu Undivided Families (HUFs) can create an FD account with this bank.
• Minors (people under 18 years of age), under their guardian’s guidance, can open an FD account. 
• Entities such as clubs, trusts, societies, etc, can open an FD account here.
• Agencies or institutions that are eligible under the RBI guidelines can open an FD account either singly or jointly with Nainital Bank.

Documents Required to Avail Nainital Bank FD Rates

As proof of identity, address or age, the bank requires you to provide copies of some crucial documents. Here is a detailed breakdown of the documents you must provide to create the FD account at the bank:

• As proof of identity, provide a copy of your Aadhaar Card, PAN Card, Voter ID, etc.
• For address proof, you can produce a copy of your passport, utility bills, etc. 
• Provide your recent passport-sized photographs if the bank asks for them. 

Stable Money widens your FD booking flexibility as you can choose from 9 banks and 3 NBFCs. Download the app today and book your FD for up to 8.15% interest! 

Premature Withdrawal of Nainital Bank Fixed Deposit

Staying invested for at least 3 to 5 years can be effective, as you’ll benefit from higher interest rates over the long term. However, since financial emergencies can arise unexpectedly, you may still need access to cash when required.

Nainital Bank, therefore, allows for a premature FD withdrawal option. Whether it is a short, regular or reinvestment FD, by prematurely withdrawing them, you get the prevailing interest for the duration for which the deposit stays at the bank.  

Tax on Nainital Bank Fixed Deposit Interest

While you earn attractive Nainital Bank FD rates on your capital investment, you must be aware of the tax implications. Depending on your age category, it differs and here is a detailed view:

• As a regular citizen, you are liable for a 10% TDS if your overall interest gains from FD exceed ₹50,000.
• Senior citizens enjoy a higher threshold. If you are a senior citizen, you pay the same TDS on an interest earning of more than ₹1 lakh in a financial year. 
• Whether you are a regular or a senior citizen, you are liable to a 20% TDS if you do not furnish your PAN card while creating the FD account with the bank. 

Why Should You Book an FD with Stable Money?

Stable Money makes it even easier to open an FD with its user-friendly app. You can book an FD in just a few minutes with minimal documentation. Simply provide your PAN card, complete the video KYC and you are all set to start investing.

The partnered banks and NBFCs on Stable Money also offer instant withdrawal options, giving you greater liquidity when needed. 

The best part? You don’t need to visit a physical branch or open a new bank account. You can manage your FD entirely from the Stable Money app, which can be done anytime.