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canara bank
  • About Us
    • Board of Director
  • Financial Results
  • PMJDY and Financial Inclusions
  • Press Release
  • Tenders
  • E Auction Properties
  • Announcements
  • Careers
  • Personal Banking canara
    • Savings & Deposits
    • Loan Products
    • Technology Products
    • Mutual Funds
    • Insurance Business
    • International Services
    • Card Services
    • Consultancy Services
    • Depository Services
    • Ancillary Services
    • Approved Housing Projects
    • How To Apply
  • Corporate Banking canara
    • Accounts & Deposits
    • Supply Chain
    • Loans & Advances
    • Syndication Services
    • IPO Monitoring Activity
    • Merchant Banking
    • TUF Schemes
    • Canara eTax
  • Investor Relation canara
    • Contact Us
    • Appeal to Physical Shareholders of Canara Bank
    • Join 20th e-AGM [NEW]
  • Canara Easy Fee
  • NRI Banking canara
    • Deposit Products
    • Loans & Advances
    • Remittance Facilities
    • Investment Facilities
    • Consultancy Services
    • Other Services
    • NRI News Bulletin
    • Contact Details
    • FAQs
    • FATCA / CRS - Self Declaration Form
  • Priority Portal canara
    • Schemes
    • RRB Section
    • Agri-Marketing
    • Agricultural Innovation Centre
    • Rural Development
    • CED for Women
    • Sustainable Development and Corporate Social Responsibility (SD-CSR)
    • Lead Bank
    • In Promotion Of Self Employment
    • RURAL DEVELOPMENT SCHEMES
    • SUPPORT INITIATIVES
    • Agriculture loan Application formats
  • Net Banking
  • MSME Banking
  • Home
  • Personal Banking
  • Savings & Deposits
  • RECURRING DEPOSITS
  • Canara Kuteer–Housing Loan Scheme
Got any Questions?
Call us Today!

Toll Free Numbers

1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

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.

RECURRING DEPOSITS

RECURRING DEPOSITS

ELIGIBILITY

Individual, Joint Account, Guardian on behalf of minor, HUF, Proprietorship firm, a Company, An association, a trust, an institution

PATTERN OF DEPOSIT

Minimum Rs.50/- per month (and in multiples thereof)

No ceiling on maximum amount

A fixed amount by way of monthly instalments deposited over a stipulated period.

PERIOD OF DEPOSIT

Minimum 6 months & Maximum 120 months (multiples of 3 months)

INTEREST RATE

As applicable to term deposits of various tenures prevailing from time to time, Interest compounded quarterly.

SPECIAL RATE FOR SENIOR CITIZEN

0.50% over & above the rate applicable to general public.

TDS

Applicable.

NOMINATION FACILITY

Available

LOAN FACILITY

Available upto 90% of the available deposit balance

PENALTY FOR PRE-MATURE CLOSURE

A penalty of 1.00% will be levied for premature closure of Recurring Deposits that are opened on or after 04.02.2011. Such prematurely closed Recurring Deposits will earn interest at 1.00% below the interest rate as ruling on the date of deposit and as applicable for the period run.

APPLICATION AND DOCUMENTS

Application in the Banks prescribed form.
Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card).
Photograph of Depositor/s (2 copies).
Proof of Identity and address as per KYC Norms.
Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc.

PENALTY FOR DELAYED INSTALMENTS

  1. @ of Rs. 1.50 for every Rs. 100/- instalment per month, in the case of RD accounts for five years and @ of Rs. 2/- for every Rs. 100/- instalment per month in the case of RD accounts for above five years should be collected.
  1. If there is delay in remittance of more than four instalments, the RD Account is to be repaid at Simple Interest on monthly product basis.(Not applicable for RD account opened w.e.f. 01.04.2020)

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Got any Questions?
Call us Today!

Toll Free Numbers

1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

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.
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Last Updated on: 25/05/2022 |   Visitors: 108759        

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