|Canara Bank Jeevandhara Savings Account for Senior Citizens|
|Interest Rate||2.90% to 3.20%|
|Eligibility||Indian residents over 60 years of age|
Canara Bank Jeevandhara Savings Account for Senior Citizens is for citizens over 60 years of age. The account can be opened with zero initial balance. And further, there is no requirement for minimum average balance requirements. The interest rate is at par with other such schemes of the bank. An extra interest rate of 0.50% is offered to senior citizen customers in the majority of banks but no such facility is granted in this scheme. Hence an interest rate applicable to general saving accounts shall apply to accounts opened under this account.
The scheme offers various offers and facilities designed specially as per the needs of the senior citizens. In this post, we will discuss Canara Bank Jeevandhara Senior Citizens Savings Account features, eligibility, facilities, the application process, and frequently asked questions.
Here are the Canara Bank Senior Citizens Savings Account features:
Here are the FAQs for this Canara Bank Savings Account:
Here are the benefits:
The nomination facility is applicable under this scheme. The account holder can nominate any of his/ her legal heirs or close relatives to be nominated for the amount lying in the account in case of the death of the primary account holder.
Following facilities shall not be allowed under this scheme:
Following documents need to be furnished for opening an account under Canara Bank Jeevandhara Savings account along with the application for the opening of the same:
The bank assists in the writing and execution of will at a nominal fee with full confidentiality.