Product Details
Bank Name
Canara Bank
Eligibility
Individual, Joint (not more than 4), a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
Interest Rate
3.25% to 7.71%
Tenure
Minimum 15 days (7-14 days – Only for single deposit of Rs.5 lakh and above)
Maximum 120 months
Fixed Deposit Type
Regular
Fixed Deposit
Tax Benefits
No
Credit Ratings
CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+
Interest Payment Frequency
Monthly (at discounted rates), Quarterly, Half-yearly or Annual intervals as per depositors choice
Cummulative/Non-Cummulative
Cumulative
Features
1. Facility of part withdrawal of deposits in units of Rs.1,000/- keeping the rest of the deposit to earn contracted rate of interest 2. Application in the Banks’ prescribed form. 3. Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card). 4. Photograph of Depositor/s (2 copies). 5. Proof ofIdentity and address as per KYC Norms. 6. Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc.
Minimum Investment Amount
INR 1000
Fees and Charges
Pros
Guaranteed Returns
Flexible Tenure Options
Competitive Interest Rates
Loan Facility
Easy Management
Cons
Early Withdrawal Penalty
Pros & Cons
Account Opening and Procedure
How to Open?
You can open the FD online by visting the website https://canarabank.com/
Application Procedure
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