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  • Attractive Rate of Interest.
  • Monthly installments.
  • Upto 90% loan facility available.
  • Special Rate for Senior Citizens.
Amount 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)
Nomination Facility Available
Loan Facility Available upto 90% of the available deposit balance
TAX Deducted at Source Applicable as per prevailing Income Tax rules
  • Individual, Joint Account, Guardian on behalf of minor, HUF, Proprietorship firm, a Company, An association, a trust, an institution.
  • 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.
  • As applicable to term deposits of various tenures prevailing from time to time, Interest compounded quarterly. Click Here.
Special Rate for Senior Citizen 0.50% over & above the rate applicable to general public.
Penalty for Premature 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.
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Fixed Deposit
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Kamadhenu Deposit
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Canara Tax Saver Scheme
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Nitya Nidhi Deposit Scheme
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Ashraya Deposit Scheme
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444 Days Deposit

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