Product Details
Bank Name
Canara Bank
Account Name
Canara Jeevandhara
Account Type
Saving
Interest Rate
Balance of less than Rs. 50 Lakh-2.90%
Free Debit Card
No.
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
INR 125+ GST
NEFT Charges
Nil
IMPS Charges
Nil.
Fees and Charges
Canara Jeevandhara
Special Features
Personal Accident Insurance Cover -Up to Rs.2 lakhs covered
Eligibility Criteria
Senior Citizens who have attained the age of 60 years and above.
Indian resident.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Offers health insurance on softer terms.
Unlimited free ATM transactions in own bank's ATM.
Free NEFT and IMPS transactions.
Sweep-in facility available.
Concession for medicine purchase upto 25% as per bank’s tie up.
Zero balance account.
Cons
Low intreast rate.
Canara Bank has limited branch and ATM network.
Canara Jeevandhara Review
The account offers a number of value add features. However, the interest rate offered on the account is very low which limits the appeal of the account.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Steps:
Visit a Canara Bank Branch: Go to the nearest Canara Bank branch with all the required documents.
Submit the Application: Fill out the application form accurately and submit it along with the necessary documents to the bank official.
Account Opening: The bank official will verify your documents and initiate the account opening process.
Receive Account Details: Once the account is opened, you will receive your account number, passbook (if applicable), and other relevant details.