CANARA BANK RECURRING DEPOSIT TERM DEPOSIT FIXED DEPOSIT

RECURRING DEPOSITS

INSTITUTIONS AND PEOPLE WHO CAN APPLY CANARA BANK RE-INVESTMENT PLAN : KAMADHENU DEPOSIT
- Individuals who wish to save money.
- 2-4 Individuals jointly invest for saving extra savings
- A Parent or Guardian making investments on behalf of a minor for future expenses
- A Hindu undivided Family (HUF)
- Partnership, a Company, Association of Institution

INTEREST RATE
It depends on the period of investment. for details click here

IMPORTANT ATTRIBUTES AND FEATURES
- The minimum is Rs.50/- per month and then multiples of Rs 50/- that is 100, 150, 1000 etc
- There is no limit on maximum amount.
- The amount thatyou deposit should be a fixed amount by way of monthly instalments deposited over a stipulated period.
- The tenure of deposit can be anything between 6 months to 120 months but has to be in multiples of 3 months eg. 3 months, 9 months 24 months etc
- The interest is compounded quaterly which means every 3 months.
- You are exempyed from TDS
- Nomination facility is available to one and all.
- Loan facility is available upto 90% of the amount deposited in your canara bank recurring deposit.
- There is no penalty for pre mature closure of our term deposit.

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