Features of Canara Bank Recurring Deposit
1. Interest Rates: Canara Bank has attractive interest rates on Recurring Deposits. The charges may depend on the amount deposited, the period of the investment, and other conditions.
2. Flexible Tenure: The tenure period for Recurring Deposits in Canara Bank is quite flexible. The duration depends on the customer’s financial goals and can be a few months to several years.
3. Minimum and Maximum Deposit Amount: Canara Bank might have set certain lower and upper limits for the RD Accounts. The minimal deposit amount is usually affordable and as such readily available to a variety of clients.
4. Auto-Renewal Option: Upon maturity, Canara Bank may offer an auto-renewal feature, enabling customers to invest the matured amount in a fresh RD without any hassle.
5. Interest Payout Frequency: Interest payout in Canara Bank’s RD can be either monthly, quarterly, or at maturity, depending on the bank terms.
6. Senior Citizen Benefits: Canara Bank may offer handsome interest rates or special benefits in terms of Recurring Deposits to senior citizens.
Canara Bank RD Interest Rates 2024
Canara Bank is an emerging Indian banking and financial services company and it is headquartered in Bengaluru, Karnataka. Canara Bank has offices in London, New York, and Dubai as well. Canara Bank was nationalized in the year 1969. Canara Bank offers a wide range of bundles of banking products and services to its customers these banking products also include Recurring Deposit offerings as well. Canara Bank provides different RD options to their customers, the basic aim is to provide a safe option that can be utilized to save money for a fixed tenure and give interest earnings to the customers. There is a wide range of benefits provided by opening a RD account with Canara Bank as they provide an easy loan facility, auto-renewal of RD, and many other things.
| Ownership | Private Sector Bank |
|---|---|
| CEO | K. Satyanarayana Raju |
| Headquartered In | Bengaluru |
| Founded In | 1 July 1906 |
| Customer Support Number | 1800 1030 |
Table of Content
- Canara Bank RD Interest Rates 2024
- Features of Canara Bank Recurring Deposit
- How to Open a RD Account in Canara Bank?
- How to Calculate RD Interest Rates in Canara Bank?
- Eligibility Criteria to Start a RD Account with Canara Bank
- Documents Required for Starting an RD Account
- Types of Canara Bank RD Accounts
- Canara Bank RD Premature Withdrawal Rules
- Frequently Asked Questions (FAQs)