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Naini Current Platinum Account

Naini Current Platinum Account for Sweep In / Out Facility :

These accounts are designed for those who wish to earn interest on their current accounts. Nainital Bank provides convenience to the businessman client (with high net worth) through Current accounts, hence they tend to bear interest.

Eligibility :

Any Resident Individual - Single Accounts, Two or more individuals - Joint Accounts, Sole Proprietary Concerns, Partnership Firms, Illiterate Persons, Visually impaired Persons, Limited Companies, Associations, Clubs, Societies, etc.

Silent Features :

  1. Earn interest through a sweep unit in your current account.
  2. Get a Hundred percent discount on PO/DD/MT facility.
  3. Avail RTGS/NEFT facility without any charges.
  4. No penal charges in case of liquidation of the sweep unit before maturity.
  5. Free ATM card.
  6. Fifty percent discount in Locker charges

Terms and Conditions:

  1. Minimum Balance of Rs.2,00,000/- will be required to be maintained.
  2. Sweep unit will be for a fixed amount of Rs. 50,000/-.
  3. If balance in the current account goes below Rs.2,00,000/- then the last sweep out unit will be liquidated in the current account.
  4. Period is will be 30 days for the sweep out unit.
  5. The Bank requires a satisfactory introduction of the person/s opening the account by a person acceptable to the Bank.
  6. The Bank is required to obtain two recent photographs of the person/s opening /operating the account, as per R B I directives.
  7. Minimum balance as stipulated from time to time will be required to be maintained. No interest is paid on credit balances kept in the current account.
  8. As per RBI directive, the applicant (i.e. account opener) should declare in the account opening form or separately that he is not enjoying any credit facility with any Bank and if he does enjoy any facility / facilities, he should declare full particulars thereof indicating the name of the bank and name of the branch wherefrom he has availed these facilities.