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
Rupay Platinum Debit Card
Account Opening Fees
0
Debit Card Charges
Free
Annual Maintenance Fees
0
NEFT Charges
Nil
Minimum Account Balance
0
IMPS Charges
Nil.
Fees and Charges of
Canara Jeevandhara
Canara Jeevandhara
Special Features
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.
Airport lounge facility is available according to the debit card issued.
Free credit card issuance.
Eligibility Criteria
Senior Citizens who have attained the age of 60 years and above.
Indian resident.
Benefits
Features, Eligibility and Benefits of
Canara Jeevandhara
Pros & Cons of
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
Canara Jeevandhara Review
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of 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
Review of
Canara Jeevandhara
Account Opening and Procedure of
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.