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CANARA JEEVANDHARA- SB ACCOUNT FOR SENOIR CITIZENS

CANARA JEEVANDHARA SB ACCOUNTS FOR SENIOR CITIZENS

ELIGIBILITY Senior Citizens (Resident Indians only) who have attained the age of 60 years and above.

INITIAL BALANCE

Zero

BALANCE IN THE ACCOUNT Minimum bal

NATURE OF DEPOSIT

Running (Operating) account

INTEREST RATE 4.00% p.a.

PERIODICITY OF INTEREST PAYMENT

Interest is payable half-yearly, every February and August on the daily balance maintained in the account.

SPECIAL RATE FOR SENIOR CITIZEN Not applicable

SPECIAL RATE FOR BULK DEPOSITS

Not applicable

TDS Not applicable

NOMINATION FACILITY

Available

LOAN AGAINST DEPOSIT Not Applicable

VALUE ADDED FACILITIES

Debit Card

Free(with senior citizen name /photo)

ATM cash Withdrawal

Rs25000/ per day

ATM Transactions

Free Unlimited in our Bank’s ATMs

Statement of A/cs through Email:

Free Every Month apart from Pass Book facility

SMS Alerts

Free

Inter Bank Mobile Payment system

Free

Net Banking

Free

NEFT / RTGS

2 remittances free per month

Personalised Cheque Books

Name printed up to 60 leaves per annum free

Health Insurance

Under “Easy Health Apollo Munich Health Insurance†Product up to 65 years, indemnity based coverage is available by paying premium at concessional rate to Canara Bank customers:

1)Floater policy is available

2)Pharmacy discount 15%

3)Diagnostic discount 20%

4) health checkup reimbursement from Rs1000 to Rs.2000 depending upon sum insured

e- donation

Free to specified Institutions through ATMs and Net Banking

Loan facility

a) Under Reverse Mortgage Product as per norms

 

FOR PENSION A/C HOLDERS:

 

b) Under Canara Pension Product-up to 10 times of monthly pension, max 2 Lacs

OR

c) Temporary Overdraft facility up to 50% of monthly pension on request after 15 days from last pension credit

Locker facility

For pension a/c holders

  1. Allotment on priority subject to availability

  2. 50% concession on rent - If average balance of Rs. 2 lacs is maintained on annual basis

  3. 25% concession on rent for others

Execution of Will

Assistance in writing of Will and Executant service at a nominal fee with full confidentiality provided

Personal Accident Insurance Cover(For pension a/c holders with us)

 

 

Up to Rs.2 lakhs covered subject to :

  1. Maintaining Pension Account with us. Cover will be available from 1st of succeeding month

or

  1. Maintaining average minimum balance of Rs.20000/= onwards during previous year on anniversary date. The coverage will be available from the 1st of succeeding month of completion of one year from date of opening the account.

 

APPLICATION AND DOCUMENTS

Application
Specimen Signature Card
Copy of PAN CARD or Form 60 / 61 (if customer does not have PAN Card)
Photograph of depositor/s (2 copies)
Proof of Photo ID and address as per KYC Norms

Proof of age to be furnished