{"id":155471,"date":"2023-08-18T13:11:28","date_gmt":"2023-08-18T07:41:28","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=155471"},"modified":"2023-08-18T13:11:30","modified_gmt":"2023-08-18T07:41:30","slug":"canara-bank-has-introduced-canara-jeevan-dhara-savings-bank-account","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/canara-bank-has-introduced-canara-jeevan-dhara-savings-bank-account\/","title":{"rendered":"Canara Bank has introduced Canara Jeevan Dhara savings bank account"},"content":{"rendered":"\n<p><strong>Canara Bank has introduced Canara Jeevan Dhara savings bank account: <\/strong>Canara Bank has introduced Jeevan Dhara, a special savings bank account for pensioners, and prospective pensioners.\u00a0The primary benefit of this account for senior citizens is that it is a zero-balance savings account.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/daily-current-affairs-and-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz: August 2023<\/a><\/p>\n\n\n\n<p>With this savings account, senior citizens do not have to maintain a minimum balance and there are no maintenance charges. The interest rate per annum is 4% for deposits for senior citizens holding the Canara Jeevan Dhara Savings account.<\/p>\n\n\n\n<p><strong>Key Features and Benefits:<\/strong><\/p>\n\n\n\n<p><strong>1. Interest Rates and Variants:<\/strong> Canara Jeevan Dhara offers two account variants based on the pension credit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Diamonds Account:<\/strong> Tailored for individuals with pension credits up to Rs 50,000.<\/li>\n\n\n\n<li><strong>Platinum Account:<\/strong> Designed for those with pension credits exceeding Rs 50,000.<\/li>\n<\/ul>\n\n\n\n<p>The account carries interest rates aligned with regular savings accounts, ranging from 2.90% to 4%, contingent on the account balance. This balance-based interest structure ensures a competitive rate of return for retirees\u2019 funds.<\/p>\n\n\n\n<p><strong>2. Enhanced Interest Rates on Savings:<\/strong> Canara Bank provides an enhanced interest rate structure on savings account balances:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2.90%: Balances less than Rs. 50 lakh and between Rs. 50 lakh to less than Rs. 5 crore.<\/li>\n\n\n\n<li>2.95%: Balances between Rs. 5 crore to less than Rs. 10 crore.<\/li>\n\n\n\n<li>3.05%: Balances between Rs. 10 crore to less than Rs. 100 crore.<\/li>\n<\/ul>\n\n\n\n<p><strong>3. Loan Facilities:<\/strong> <strong>Loan Against Deposit:<\/strong> Senior citizens can avail of loans with interest rates 0.75% above the deposit rate, providing a convenient borrowing option backed by their deposits.<\/p>\n\n\n\n<p><strong>Top Up Facility:<\/strong> The account offers an exclusive top-up facility on pension loans, granting additional financial flexibility to pensioners.<\/p>\n\n\n\n<p><strong>4. Healthcare Concessions:<\/strong> Canara Jeevan Dhara customers receive up to a 25% concession on medical expenses, prioritizing their healthcare needs and well-being.<\/p>\n\n\n\n<p><strong>5. Fixed Deposit Interest Rates:<\/strong> Canara Bank offers attractive Fixed Deposit (FD) interest rates spanning various tenures:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>FDs ranging from 7 days to 10 years with interest rates between 4% and 7.25% for the general public.<\/li>\n\n\n\n<li>Senior citizens enjoy higher interest rates, ranging from 4% to 7.75%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Canara Bank has introduced Canara Jeevan Dhara savings bank account: Canara Bank has introduced Jeevan Dhara, a special savings bank account for pensioners, and prospective pensioners.\u00a0The primary benefit of this account for senior citizens is that it is a zero-balance savings account.\u00a0 Daily Current Affairs Quiz: August 2023 With this savings account, senior citizens do 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