Canara Tax Saver is a term deposit scheme that is a combination of Fixed deposit and Kamdhenu Deposit streams. This scheme is perfect for salaried individuals, businesspersons, or any professionals who pays tax.
Features
| Eligibility | · Individual for himself or in the capacity of the Karta
· Hindu Undivided Family · Joint Account : opened by two adults jointly or an adult and a minor and payable to either of the holders or to the survivors. |
| Minimum Deposit Amount | The minimum amount of deposit is Rs 100 in multiples of Rs 100 thereafter. |
| Maximum Deposit Amount | The maximum amount of deposit Rs 1,50,000 per person per financial year. |
| Tenure | The time period for deposit is 5 years. |
| Periodicity of Interest Payment | The interest is paid on a quarterly, monthly basis on the fixed deposits |
| TDS | Applicable on interest payable |
| Nomination Facility | Available, however, no nominaton facility when your account is on behalf of a minor. |
| Loan Facility | Not available |
| Premature Closure | Not available |
| Documents Required | · Passport size photograph
· Copy of PAN Card · Identity Proof · Address Proof · Any other related documents as applicable to Karta of a HUF. |
Canara Bank Schemes
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 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 Kamdhenu Deposit Scheme
Canara Bank Junior Saving Bank Account Scheme
