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Introducing Green Deposit: Together Towards a Greener Tomorrow

At Canara Bank, we're committed to fostering a sustainable future for generations to come. That's why we're excited to introduce our latest financial product: Green Deposit.

What is Green Deposit? Green Deposit is a term deposit designed for customers who want to make a positive impact on the environment while growing their savings. By investing in Green Deposit, customers can rest assured that their funds will be allocated exclusively towards environmentally friendly initiatives and projects.

How does it work? When you invest in Green Deposit, your funds are earmarked for green financing, which includes renewable energy projects, sustainable infrastructure development, eco-friendly businesses, and more. Your investment not only earns you competitive returns but also contributes to building a greener, more sustainable world.

Why choose Green Deposit?

  • Environmental Impact: Your investment directly supports projects that promote environmental sustainability and combat climate change.
  • Financial Security: Enjoy the peace of mind knowing that your savings are being utilized for socially responsible investments.
  • Competitive Returns: Earn attractive returns on your investment while making a positive impact on the planet.

Join us in Building a Sustainable Future At Canara Bank, we believe in the power of finance to drive positive change. By choosing Green Deposit, you're not just investing in your future; you're investing in the future of our planet. Together, let's create a greener, more sustainable world for generations to come.

Ready to make a difference? Contact us today to learn more about Green Deposit and start investing in a brighter and greener tomorrow.

  • Easy to Open through Mobile Banking and Internet Banking applications
  • Attractive Rate of Interest.
  • Loan against deposit facility is available.
  • Special Rate for Senior Citizens.

Amount of Deposit

A)For Callable: Rs.1000/- (Both Offline and Online) &
B)For Non-Callable: Rs. 3,00,00,000/- (Offline, through Branches)

A)No Maximum Limit for Callable and Non-Callable deposits

Period of Deposit
  • 1111 Days
  • 2222 Days
  • 3333 Days
Nomination Facility Available
Loan Facility Available
TAX Deducted at Source Applicable as per prevailing Income Tax rules

  • Individuals, NRIs, Firms, Companies, Institutions, and other entities, including Trusts, HUFs, Charitable organizations, Government agencies

Callable Deposits Non-Callable Deposits
Less than Rs.3 Crore Rs. 3 Crore & above Rs. 3 Crore & above
General Public General Public General Public
1 1111 days 6.70 4.95 5.00
2 2222 days 6.65 4.95 5.00
3 3333 days 6.65 4.95 5.00

# Additional Interest of 0.50% for Senior Citizens is available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 3 Cr and with tenor of 180 Days and above

A penalty of 1.00% shall be levied for premature closure/part withdrawal/ premature extension of Domestic/NRO term deposits of less than Rs.3 Crore that are accepted /renewed on or after 12.03.2019.

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Last updated on 25-07-2024 02:24 PM

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