Kamdhenu Deposit is a type of re-investment plan offered by Canara Bank. This scheme is available to all types of individuals and even minors are worthy to enjoy this scheme.
Features
| Eligibility | · Individuals(singly or jointly)
· Minors under the guidance of their guardian/parents · Hindu Undivided Family · Partnership · Companies · Associations · Other Institutions |
| Minimum Amount | The minimum amount of deposit is Rs 1000 |
| Maximum Amount | No limitation |
| Period of deposit | The minimum period of deposit is 5 months and the maximum time period is 120 months. |
| Interest Payment | The interest is paid on a quarterly basis. |
| Periodicity of interest payment | The interest is paid at the time of maturity. |
| Senior Citizen | Senior citizens could enjoy an additional interest rate of 0.50% over the normal rates. |
| TDS | Applicable |
| Nomination Facility | Available |
| Loan Facility | Available, up to 90% of the deposit amount |
| Premature Closure Charges | A penalty of 1% is charged for premature closure or withdrawal. |
| Auto-renewal Facility | Available |
| Documents Required | · Passport size photograph
· Copy of PAN card/Form 60 or 61 if the customer does not have PAN Card. · Identity Proof · Any other related documents as applicable to proprietor ship concern, Partnership, Firm, Company, HUF etc. |
List of scheme Offered by Canara Bank
Canara Bank Jeevandhara SB Account for Senior Citizen Scheme
Canara Bank Small Savings Bank Deposit Scheme
Canara Bank Ashraya Deposit Scheme Interest Rates
Canara Bank Champ Deposit Scheme Interest Rates
Canara Bank Tax Saver Scheme – Interest Rates
Canara Bank NSIGSE Savings Bank Deposit Account
Canara Bank Basic Savings Bank Deposit Account
Canara Bank Recurring Deposits – Interest Rates
Canara Bank Savings Bank Gold Scheme
Canara Bank CanSaral Saving Bank Account
Canara Bank Payroll Package Saving Bank Account
Canara Bank Junior Saving Bank Account Scheme
