CANARA BANK CUSTOMER CARE HELPLINE CALL CENTER NUMBER

1800 425 0018

CANARA TAX SAVER SCHEME

It is a term deposit under the Fixed Deposit & Kamadhenu Deposit lines. CANARA BANK TAX SAVER SCHEME TERM DEPOSIT is more or less same as some of the term deposit scheme but with a few more rules and ofcourse tax benefits.

PEOPLE WHO CAN BENEFIT FROM CANARA BANK TAX SAVER SCHEME TERM DEPOSIT
- An individual can benefit from this term deposit or fixed deposit.
- A ‘Karta’ of a Hindu undivided family (HUF) can apply for it and save tax.
- An account can be opened jointly by two adults or an adult and a minor. (In the case of joint account, the deduction from income under Section 80C of the Income Tax Act, 1961 shall be available only to the first holder of the deposit)

DEPOSIT LIMIT
Minimum amount that can be deposited is Rs.100/- or in multiples of Rs.100/- that is 200, 300, 17000 etc and upto Rs. 1 lakh per person that is the maximum limit. Hence, amount deposited can range anywhere between Rs. 100/- to Rs. 1 Lakh.

INTEREST RATE
(more…)

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
(more…)

CANARA BANK SAVINGS ACCOUNT FOR CHILDREN : CANARA CHAMP DEPOSIT SCHEME
It is an savings bank account for children to cultivate ahabit of saving in them. This account is for children who are dependent and are upto the age of 12

INITIAL DEPOSIT AND MINIMUM DEPOSIT
Initial deposit Rs.100/- or more and its an zero balance account.

RATE OF INTEREST
3.5 % p.a.

FEATURES OF CANARA BANK SAVINGS ACCOUNT FOR CHILDREN : CANARA CHAMP DEPOSIT SCHEME
- Nomination facility is available
- Children can use C-Net Banking facility only for viewing their account
- The account has to be converted into a regular SB account after the child becomes an adult
- Attractive Savings Box to cultivate the habit of savings among children
- Free collection of cheques/DDs gifted to the child upto Rs. 25,000/- per annum (In Indian Rupees or foreign currency)

APPLICATION & DOCUMENTS
- Application Form
- Form 60 or 61 (if customer does not have PAN Card)
- 2 Photographs of child and the guardian
- Proof of Identity
- Proof of address

CANARA BANK PREMIUM SAVING BANK ACCOUNT : SB GOLD SCHEME

ELIGIBLE INSTITUTIONS AND PEOPLE CANARA BANK SAVINGS ACCOUNT MINIMUM BALANCE ACCOUNTS-
- Individuals, Joint accounts, Minor accounts, Illiterates
- HUF, Non-corporate bodies, Clubs, Societies, Associations
- Schools, Trusts, Executors/ Administrators
- Govt. bodies, Semi-Government Departments, Recognized PF Accounts
- Capital Gains Accounts

INITIAL BALANCE AND MINIMUM BALANCE
To open an SB GOLD SCHEME account initial minimum amount to be deposited is Rs. 50,000/- and subsequently a minimum balance of Rs.50,000/- has to be maintained

INTEREST RATE (more…)