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Nainital Bank FD Calculator

Last Updated 23rd Mar 2017

FD Calculator Nainital in India Mar 2017

Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.00% 4.50%
15 days to 30 days 4.50% 5.00%
31 days to 45 days 6.00% 6.50%
46 days to 90 days 6.50% 7.00%
91 days to 179 days 6.75% 7.25%
180 days to 269 days 7.50% 8.00%
270 days to 364 days 7.50% 8.00%
1 year to 2 years 7.90% 8.40%
2 years 1 day to 2 years 364 days 7.75% 8.25%
3 years to 4 years 364 days 7.75% 8.25%
5 years to 10 years 7.50% 8.50%
Nainital Bank FD Maturity Calculator
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Nainital Bank Fixed Deposit Calculator

Nainital Bank, a leading Private Bank in India offers attractive interest rates upto 7.90% on its fixed deposits.
FD maturity amount that you will get depends upon

  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Nainital Bank Fixed Deposit Interest Calculator

  • In a periodic interest payout option, Nainital Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Nainital Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Tax on Fixed Deposit Nainital

  • In case the interest earned by you across all your fixed deposits across all branches of Nainital Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Nainital Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Nainital Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Nainital Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Nainital Bank FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Nainital Bank in your city

Frequently Asked Questions on FD Calculator Nainital Bank

What is the highest interest earned on Nainital Bank fixed deposit?

You can earn a maximum interest of 7.90% on Nainital Bank fixed deposit.

Are there any extra benefits for senior citizens on fixed deposit of Nainital Bank?

Yes, senior citizens get extra benefit of 1% interest rates on their FD in Nainital Bank.


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