Canara Bank Unveils 'CANARA TruEdge' – New Savings and Current Account Offering.

Banking & Finance

In May 2025, Bengaluru, Karnataka-based Canara Bank, a prominent Public Sector Bank (PSB), introduced ‘CANARA TruEdge’, a distinctive and feature-packed suite of Savings and Current Account products.


      - This offering is tailored to meet the specific banking needs of institutional clients across India, including sectors such as healthcare, education, religious institutions, and other non-individual entities.

     

     

Main Point :-   (i) The account suite comes with zero initial deposit for hassle-free onboarding. Customers maintaining higher balances will be eligible for proportionally enhanced benefits.

      (ii) In a parallel development, Union Bank of India (UBI), a Mumbai, Maharashtra-based PSB, rolled out ‘Union Wellness Deposit’, an innovative retail term deposit scheme, in Mumbai.

(iii) The scheme features a fixed tenure of 375 days and provides an interest rate of 6.75% per annum, with an additional 0.50% interest for senior citizens.
About Union Bank of India (UBI)

MD & CEO : A. Manimekhalai
Headquarters : Mumbai
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