Canara Bank introduces a specialized savings account, Canara Jeevan Dhara

Canara Jeevan Dhara India private bank Canara Bank had introduced a saving account, named Canara Jeevan Dhara for pensioners. On the introduction, the Axis Bank on Twitter “Introducing Canara Jeevan Dhara, a special savings bank account for pensioners, and prospective pensioners including all the employees who retired on a voluntary basis or normal retirements. Now unlock benefits such as loans against deposits, concessions on medical expenses and much more! Visit your nearest Canara Bank branch today. *T&C apply.”

Canara Jeevan Dhara of Canara Bank

Canara Bank introduced the pension scheme named Canara Jeevan Dhara for pensioners. In the scheme, the bank is offering an interest rate of 2.90% for savings accounts with an outstanding balance of less than Rs. 50 lakh and between Rs. 50 lakh and less than Rs. 5 crore. While Canara Bank is offering an interest rate of 2.95% on savings account balances between Rs 5 crore to less than Rs 10 crore and the interest rate on savings account balances between Rs 10 crore to less than Rs 100 crore is 3.05%.

Key Features and Benefits of Canara Jeevan Dhara

Key Features and BenefitsDetails
Interest Rates and VariantsDiamonds Account: Up to Rs 50,000 pension credits.
Platinum Account: Exceeding Rs 50,000 pension credits.
(Interest: 2.90% to 4%, based on balance)
Enhanced Savings Interest Rates2.90%: Balances below Rs. 50 lakh.
2.95%: Balances Rs. 50 lakh to less than Rs. 10 crore.
3.05%: Balances Rs. 10 crore to less than Rs. 100 crore.
Loan FacilitiesLoan Against Deposit: 0.75% above deposit rate.
Top-Up Facility: Exclusive pension loan top-up option.
Healthcare Concessions– Up to 25% discount on medical expenses.
Fixed Deposit Interest RatesGeneral Public: 4% to 7.25%.
Senior Citizens: 4% to 7.75%.
( FDs from 7 days to 10 years.)

Canara Jeevan Dhara

Is Canara Bank a senior citizen scheme for senior citizens in 2023?

Yes, Canara Bank introduced Canara Jeevan Dhara for senior citizens in 2023

What is the minimum balance in the Canara Bank pension account?

Rs.20000/ is the minimum balance in the Canara Bank pension account

What are the FD rates in Canara Bank 2023 for senior citizens?

Canara Bank, a public sector bank, is currently offering an attractive interest range of 4% to 7.75% on its FD schemes for senior citizens.