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Canara Bank Launched Canara Jeevan Dhara

Published on August 18, 2023
Current Context: Canara Jeevan Dhara, a special savings bank account for pensioners is a new product launched by Canara Bank to cater to the needs of senior citizens and prospective pensioners.
Canara Bank Launched Canara Jeevan Dhara
  • It is a zero-balance account, which means you do not have to maintain any minimum balance or pay any maintenance charges.You can earn interest on your savings at the same rate as regular savings accounts, which ranges from 2.90% to 4% depending on the balance in the account.
  • You can avail loan against deposit at a concessional rate of 0.75% above the deposit rate for senior citizens.
  • Canara Jeevan Dhara is a great option for senior citizens who want to enjoy financial security and convenience in their golden years.
  • If you want to open this account, you will need to submit an application form, a copy of PAN card or Form 60/61, two photographs, proof of photo ID and address as per KYC norms, and proof of age. You can visit your nearest Canara Bank branch or apply online through their website.

Question:

Q.1 What is the minimum balance required to open and maintain a Canara Jeevan Dhara account?
a. Rs.1000
b. Zero
c. Rs.10000
d. Rs.5000
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