Deposits :
Fixed Deposit Account
"We offer attractive rate on bulk deposit particularly in USD and GBP. Contact directly on operationslondon@canarabank.com / treasurylondon@canarabank.com
Eligibility:
Fixed deposit account/s can be opened by an individual, body corporate, partnership firms, trusts, associations and any other body/associate which we may consider appropriate for opening the account. Minimum Amount Individuals - GBP1000.00 or equivalent in other currencies.
The Fixed Deposit account is a non - withdrawal account."
Interest:
Interest is payable at the agreed rate to be decided between us and you at the time of placing the funds or at renewal. The indicative interest rates for various maturity dates are available on our website and through our Branches. Interest rates on various maturity dates may change and such changes will be published on our website.
Period:
Minimum period of deposit is 2 days and the maximum is 60 months.
Breaking a Fixed Term Deposit:
Normally breaking a fixed term deposit is not permitted. In exceptional circumstances, at our absolute discretion, we may let you terminate Canara Bank Fixed Term Deposit early.
Conditions:
- The Fixed Deposit is acceptable from an individual, aged 18 years or over.
- The minimum balance for accepting deposits is 1000 units of respective currency.The Term Deposit must run for a minimum tenor of 5 days from the date of depositor request in order to earn any interest. Premature withdrawals before this minimum tenor will result in zero interest payment to the client.
- The rate of interest is fixed for the entire period of the deposit.
- The deposit will be renewed automatically for the same period in case no instructions are received at maturity."
