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Highest Benefit for Senior Citizen: Big gift to senior citizens, will get benefit of 2 lakhs,

Highest Benefit for Senior Citizen: Big gift to senior citizens, will get benefit of 2 lakhs, know how?

Highest Benefit for Senior Citizen:

Senior Citizen Latest News: A special savings bank account is being opened by Canara Bank for senior citizens. The Jeevandhara savings account being opened by Canara Bank is very special for senior citizens and offers many free benefits for the elderly.

Who is eligible to open an account?

As per the bank, senior citizens (resident of India) who have crossed the age of 60 years and above are eligible for the account. Whereas the account can be opened with zero balance. Senior citizens will need to maintain an average balance of around Rs 20,000 a year or around Rs 1,700 per month. The amount deposited in the account earns 2.9 percent interest per annum.

Free debit card is provided to the bank account holders. A free debit card means that the bank will not charge any fee or levy any annual fee. The daily ATM cash withdrawal limit for Jeevandhara Savings Account is Rs 25,000.

Bank can do any number of ATM transactions free of cost at all Canara Bank ATMs. Apart from the pass book facility, the bank also provides account information free of cost every month. Whether it is a message alert.

This facility is also free

Other free services include SMS alerts, interbank mobile payments, net banking and two NEFT/RTGS remittances per month. As far as the check book facility is concerned, the senior citizen account holder can get up to 60 check leaves per year free of cost.

 profit of two lakhs

Canara Bank also provides loan facility for pension account holders. The bank said on its website, 'Under the Canara Pension product, a maximum loan of 2 lakhs can be given up to 10 times the monthly pension.'

The bank also provides assistance in writing wills and executor service for a nominal fee while providing complete privacy to the account holders. Senior citizens also get personal accident insurance of up to Rs 2 lakh if ​​the account holder maintains a pension account with the bank.


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