Product Details
Bank Name
Canara Bank
Account Name
Canara Jeevandhara Diamond
Account Type
Savings Account
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
Nil
Annual Maintenance Fees
0
NEFT Charges
Free for online transactions
Minimum Account Balance
0
IMPS Charges
Free for online transactions
Fees and Charges of
Canara Jeevandhara Diamond
Canara Jeevandhara Diamond
Special Features
2 domestic airport lounge access per quarter and 2 international airport lounge access per annum.
Offers health insurance through associate partners.
Free personal accident insurance & air accident insurance cover.
No minimum balance requirement.
Airport lounge access.
Eligibility Criteria
Pensioner/Prospective pensioner including all the employees retired on voluntary basis or normal retirement, who has given mandate for credit of their pension in the account including Defence personnel. Account will be opened preferably jointly with spouse only, with operational instructions of Former/Survivor. However, the benefits will be with the first holder as Pensioner. The account may be opened with single name of pensioner also.
Monthly Pension credit : Monthly pension Up to Rs.50000.
Benefits
Features, Eligibility and Benefits of
Canara Jeevandhara Diamond
Pros & Cons of
Pros
2 domestic airport lounge access per quarter and 2 international airport lounge access per annum.
Offers health insurance through associate partners.
Free personal accident insurance & air accident insurance cover.
No minimum balance requirement.
Airport lounge access.
Free credit card Issuance
Free NEFT/ RTGS/ NET Banking/ SMS Alerts/IMPS/DD transactions.
Concession in locker rent.
Instant overdraft facility.
TD Sweep in/Sweep Out facility is available.
Concession on medicine purchase.
Pension Seva portal with various service offer.
Pension Grievance Redressal System (GRS).
Cons
Low interest rates.
Canara Bank has a limited branch and ATM network.
Canara Jeevandhara Diamond
Canara Jeevandhara Diamond
The account offers low interest rate. The account comes loaded with a number of value add features tailored for senior citizens.
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 Diamond
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.