What is kamadhenu deposit in Canara Bank?
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What is kamadhenu deposit in Canara Bank?
The Kamadhenu Deposit is a reinvestment plan from Canara Bank that provides a safe and flexible deposit option to customers. The scheme also offers preferential interest rates so that you get the most out of your deposits.
Which is the best fixed deposit scheme in Canara Bank?
Canara Bank Fixed Deposit Rates 2021
| Canara Bank FD Rates in India | ||
|---|---|---|
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 1 year | 5.50\% | 6.00\% |
| 1 year 1 day to 1 year 364 days | 5.50\% | 6.00\% |
| 2 years to 2 years 364 days | 5.50\% | 6.00\% |
Which is the best deposit scheme?
List of 10 best FD schemes for 3 years
- Fincare Small Finance Bank. Fincare offers attractive rates of interest on the 3-year tenure.
- KTDFC. A lucrative rate of 6.00\% p.a. is paid for term deposits opened for a period of 3 years.
- Shriram City.
- Mahindra Finance.
- Sundaram Finance.
- LVB.
- ICICI Home Finance.
- Yes Bank.
Which govt scheme is best for investment?
List of Best Government Investment Schemes in India for 2021
- National Pension Scheme (NPS)
- Prime Minister Vaya Vandana Yojana (PMVVY)
- Atal Pension Yojana (APY)
- Pradhan Mantri Jan Dhan Yojana (PMJDY)
- Sovereign Gold Bonds (SGBs)
- National Savings Scheme (NSC)
- Public Provident Fund (PPF)
- Government Securities.
What is the current interest rate on FD in Canara Bank?
Canara Bank FD Interest Rates for Less than Rs. 2 crore – General Citizens
| Maturity Period | Interest Rate for General Citizens (p.a.) | Interest Rate for Senior Citizens (p.a.) |
|---|---|---|
| 91 days to 179 days | 3.95\% | 3.95\% |
| 180 days to less than 1 year | 4.40\% | 4.90\% |
| 1 year | 5.10\% | 5.60\% |
| Above 1 year to less than 2 years | 5.10\% | 5.60\% |
Which bank gives highest interest on FD 2020?
Best FD Rates in India among Top 10 Banks
- Axis Bank offers the highest FD interest rate of 5.75\% p.a. which is for a tenure of 5 years and above for the general public.
- The second highest interest rate is 5.50\% p.a. which is offered by ICICI Bank and HDFC Bank for a tenure of 5 years and above.
What is the interest of 1 lakh in Canara Bank?
Tax Saver Fixed Deposits
| Maturity Period | Deposit Amount | Interest Rate |
|---|---|---|
| General | ||
| Canara Tax Saver Scheme – 5 years | Upto Rs. 1 lakh | 5.50 |
Is Canara Bank is government or private?
The Bank is a Government of India undertaking, and carries on all banking business. The Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government.
What is the rate of rate of return on Kamadhenu deposit?
Effective Annualized rate of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest. Bank Offers 5.25 \% p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh.
What are the FD rates offered by Canara Bank?
FD schemes offered by Canara Bank provide attractive interest rates as well as returns. Canara Bank FD rates for the general public for deposits less than Rs.2 crore: 2.95\% p.a. to 5.50\% p.a. Fixed Deposit rates for senior citizens for deposits less than Rs.2 crore: 2.95\% p.a. to 6.00\% p.a.
What is the rate of interest on Canara unique retail term deposit?
* Canara Unique Retail Term Deposit Scheme of “1111 Days” with additional rate of interest of 0.10\% over and above the rate for the tenor of the deposit. * Rates are applicable only for single deposit of Rs.5 Lakh & above.
How can NRIs open a fixed deposit in Canara Bank?
Canara Bank has made it easy for NRIs to open a Fixed Deposit. Following FD options are available to NRIs: NRO (non-resident ordinary) FD: NRIs can open a joint Fixed Deposit account with an Indian resident. Interests offered are same as the domestic term deposit rates.