A Savings Account is very beneficial with multiple advantages as detailed below:
Canara Bank's savings account allows customers to save on a regular basis and earn interest of 3.5% to 4% p.a. On the funds deposited. If customers maintain a minimum balance of Rs. 25,000 the bank waves of charges for purchase of 2 DDs of amounts up to Rs. This account comes with a host of benefits and requires a minimum balance of Rs.1,000. Interest rates are comparable to those of leading private banks As per data compiled by BankBazaar, public sector bank IDBI Bank offer interest rates up to 3.5 per cent on savings account, followed. INTEREST RATES DEPOSIT ACCOUNTS - RATES AT A QUICK GLANCE – as per RBI format LOANS - RATES AT A QUICK GLANCE - as per RBI format: Got any Questions? Games you can win real money on paypal. Toll Free Numbers.
Open Savings Account in Canara Bank: Canara Bank is one of the well known banks in India.If you do have an account in Canara Bank and you are planning to open a new savings account in Canara Bank, you are are the right place as we will guide you through the complete procedure. Interest rate on Canara Bank PPF Scheme The interest rate on PPF accounts is decided by the Reserve Bank of India and Canara Bank currently offers an attractive interest rate of 7.1% per annum to account-holders. Canara Bank PPF Calculator.
(1) Earns Interest on your Savings
This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.
Interest rate in savings account ranges from 3.5% to 7%.
Canara Bank Deposit Rates
(2) Provides Security of Funds
There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.
(3) No Lock-in Period
There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.
(4) Offers Liquidity
You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.
(5) Availability of Variety of Savings Account
Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.
Canara Bank Savings Account Interest Rate Calculator
(6) Services of Customer Relation Manager
Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.
(7) Online Banking Facilities
If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.
Open Savings Account in Canara Bank: Canara Bank is one of the well known banks in India.If you do have an account in Canara Bank and you are planning to open a new savings account in Canara Bank, you are are the right place as we will guide you through the complete procedure. Interest rate on Canara Bank PPF Scheme The interest rate on PPF accounts is decided by the Reserve Bank of India and Canara Bank currently offers an attractive interest rate of 7.1% per annum to account-holders. Canara Bank PPF Calculator.
(1) Earns Interest on your Savings
This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.
Interest rate in savings account ranges from 3.5% to 7%.
Canara Bank Deposit Rates
(2) Provides Security of Funds
There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.
(3) No Lock-in Period
There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.
(4) Offers Liquidity
You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.
(5) Availability of Variety of Savings Account
Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.
Canara Bank Savings Account Interest Rate Calculator
(6) Services of Customer Relation Manager
Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.
(7) Online Banking Facilities
If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.
Canara Bank Online Account
(8) Provides ATM/ Debit Card
You will be offered a debit or ATM card with a nominal charge or without any charges, as offered by your bank. With the help of this card, you can withdraw the funds, make transactions in shops, make payments of bills, etc.
(9) Helps you Get Credit or Loan
The relation you maintain with the bank will help you in getting credits from the bank such as home loan, personal loan. You will also be in a position to negotiate with the banker on the interest rates.
(10) No Cap on Deposits
There is no limit on the amount deposited and number of times it is deposited.
(11) Facility to link Loan EMIs, Mutual Fund SIPs or RD deductions
You get a facility to link your monthly loan EMIs, Mutual Fund SIPs or RD deductions through the savings bank account.
What Is The Interest Rate In Canara Bank
(12) Free Mobile App
Canara Bank Savings Account Interest Rate 2019
Most of the banks provide their mobile app for free. Through this app, you can get to know your account balance, check your statement, make transactions, easy transfer of money, etc. How to earn paytm money.
