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canara bank
  • About Us
    • Board of Directors
    • Chief Vigilance Officer Details
  • Financial Results
  • PMJDY and Financial Inclusions
  • Press Release
  • Tenders
  • E Auction Properties
  • Announcements
  • Ex-employees
  • Careers
  • Personal Banking canara
    • Savings & Deposits
    • Technology Products
    • Mutual Funds
    • Insurance Business
    • International Services
    • Card Services
    • Consultancy Services
    • Depository Services
    • Ancillary Services
    • Approved Housing Projects
    • How To Apply
    • Retail Loan Products
    • MSME Loan Products
    • ONLINE SUBMISSION OF DEATH CLAIMS
    • ONLINE SUBMISSION OF 15G/15H APPLICATION
  • 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
    • Download TDS Certificate for payment of Dividend FY 2021-22 Blinker
    • SEBI’s ODR portal
  • 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
    • Callback Request
    • Books and Forms
  • 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
  • Register a Grievance
  • Home
  • Personal Banking
  • Savings & Deposits
  • ASHRAYA DEPOSIT SCHEME (FOR SENIOR CITIZENS)
Got any Questions?
Call us Today!

Toll Free Numbers
(if dialed within India)

18001030

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.

ASHRAYA DEPOSIT SCHEME (FOR SENIOR CITIZENS)

ELIGIBLE ACCOUNTS

Domestic Fixed Deposits and Kamadhenu Deposits, not applicable to Savings and Recurring Deposits

ELIGIBILITY

Individuals, who have completed the age of 60 years and above, in single or joint names.


In case of joint account, accounts can be opened jointly with other Senior Citizens or with other persons below the age of 60 years subject to the condition that the Senior Citizen is No.1 depositor.

INVESTMENT

Minimum Rs. 1000/-
Maximum - No ceiling (Can be deposited in odd amount also)

PERIOD OF DEPOSIT

15 days to 120 months, Kamadhenu Deposit – Minimum Period – 5 months

INTEREST RATE

Additional 0.50% will be paid for domestic term deposits (including RD and except for NRO, NRE and Capital Gains Deposit scheme) of less than Rs. 2 Cr and with tenor of 180 Days and above, over and above the rate offered for General public. Visit our Deposits Interest rate Page here


The system will automatically enable preferential ROI of 0.50% to all existing eligible Domestic Term Deposits and RD Deposits from the date of Customer attaining Senior Citizen status w.e.f. 24.07.2018.

PERIODICITY OF INTEREST PAYMENT

Monthly (discounted)/Quarterly/half yearly on Fixed Deposits.

Compounded quarterly on Kamadhenu Deposits payable on maturity.

TDS ON INTEREST

Applicable on interest payable

NOMINATION FACILITY

Available

LOAN FACILITY

Available upto 90% of the balance deposit amount

PENALTY FOR PRE-MATURE CLOSURE

A penalty of 1.00% will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of less than Rs. 1 Crore that are placed/renewed on or after 04.02.2011 and of less than Rs. 2 Crore that are placed/renewed on or after 12.03.2019.


No penalty will be levied for premature closure/part withdrawal/premature extension of Domestic / NRO term deposits of Rs.1 Crore & above that are placed / renewed on or after 13.10.2012 and of Rs. 2 Crore & above that are placed / renewed on or after 12.03.2019.

MANDATORY DOCUMENTS

At the time of opening of new deposit account a certified copy of any of the following documents may be produced for age verification.

  • Secondary School Leaving Certificate indicating the Date of Birth.
  • LIC Policy
  • Voters Identity Card
  • Pension Payment Order
  • Birth Certificate issued by the competent authority
  • Passport
  • Any other documents acceptable to the Bank

APPLICATION & 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.
A certified copy of any of the documents mentioned under Mandatory Documents.

Got any Questions?
Call us Today!

Toll Free Numbers

18001030


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: 23/05/2022 |   Visitors: 68903        

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