Product Details
Bank Name
Canara Bank
Account Name
Ashray Deposit Scheme (For Senior Citizen)
Account Type
Saving
Interest Rate
Balance of less than Rs. 50 Lakh-2.90 and Balance of Rs. 50 Lakh to less than Rs 5 Cr-2.90.
Free Debit Card
Yes Canara Classic
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
1000
Debit Card Charges
Rs 125+ GST
NEFT Charges
Up to Rs.10,000- Rs. 2.25,Rs.10,001 and up to Rs.1 lakh-Rs. 4.75,Above Rs.1 lakh and up to Rs.2 lakhs-Rs.14.75.
IMPS Charges
Up to Rs.10,000- Rs. 2.25,Rs.10,001 and up to Rs.1 lakh-Rs. 4.75,Above Rs.1 lakh and up to Rs.2 lakhs-Rs.14.75
Fees and Charges
Ashray Deposit Scheme (For Senior Citizen)
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Loan Facility available upto 90% of the balance deposit amount.
Nomination facility available,
Cons
Ashray Deposit Scheme (For Senior Citizen) Review
The account comes with low interest rate and minimal value add features.
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