CANARA DHANVARSHA- A FELXI RECURRING DEPOSITE SCHEME
CANARA DHANVARSHA- A FELXI RECURRING DEPOSITE SCHEME
CANARA DHANVARSHA A FLEXI RECURRING DEPOSIT SCHEME
Eligibility
Individuals, Joint Acct, Guardian on behalf of minor, Proprietorship firm, Partnership accts, Company, association, trust, institution.
Deposit
Minimum amount per month: Rs 500 and Maximum Rs 1 Lac.
Period
Minimum 1 year and in multiples of 3 months; Maximum 10 years
Special features
Installment can also be deposited one or more times during the month.
Additional amounts deposited under flexi option are not considered as prepayment for future installments.
Deposits can be made any number of times in a given month in multiples of regular installment.
Free standing instruction for the credit of Dhanvarsha.
Interest rate
As applicable on normal RD
Interest application
For the RD Instalment amount as per the existing RD procedure.
For the top up amount, interest is calculated on daily product basis.
Special Rate For Senior Citizen
Additional ROI of 0.50% for Deposits with tenor of 180 days and above.
TDS
As per prevailing IT rules
Nomination Facility
Available
Loan Facility
Available up to 90% of the available deposit balance
Premature closure
No penalty for premature withdrawal: ROI applicable rate for the period (deposit remained with the bank) at the time of opening or contract rate whichever is less.
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.