Correct Answer :   Canara Jeevan Dhara

Canara Bank has introduced Canara Jeevan Dhara, a special savings bank account for pensioners, and prospective pensioners. All the employees who retired on a voluntary basis or normal retirements are also eligible.

(1/2) Introducing Canara Jeevan Dhara, a special savings bank account for pensioners, and prospective pensioners including all the employees who retired on a voluntary basis or normal retirements. pic.twitter.com/q3WYEqqrAT

— Canara Bank (@canarabank) August 16, 2023

The bank is offering an interest rate of 2.90% for savings accounts with an outstanding balance of less than Rs. 50 lakh and between Rs. 50 lakh and less than Rs. 5 crore. The bank offers the interest rate of 2.95% on savings account balances between Rs 5 crore to less than Rs 10 crore and the interest rate on savings account balances between Rs 10 crore to less than Rs 100 crore is 3.05%.

Canara Bank will now pay 3.50% interest on balances in outstanding savings accounts ranging from Rs 100 crore to less than Rs 500 crore. Canara Bank will now pay 3.10% interest on outstanding savings account balances between Rs 200 crore and Rs 500 crore.


Loan against deposit :

* Under this account, the bank will offer 0.75% above the deposit rate for senior citizens.

Top up facility :

* For customers of this account, the bank will offer top up facility on pension loans.


Concession on medical expenses :

* Concession on medical expenses up to 25 percent for Canara Bank Jeevan Dhaara customers.


Canara Bank FD interest rates :

* Canara Bank offers FDs maturing in 7 days to 10 years of 4 per cent to 7.25 per cent for the general public and 4 per cent to 7.75 per cent for senior citizens..

Source : Economic Times