Terms & Conditions

NRI Terms & Conditions :

1. The accounts are opened and maintained at the branches of Canara Bank in India and NOT at Canara Bank in the UK.
2. These deposits are the liabilities of Canara Bank in India and are not a liability of any branch outside India.
3. These deposits are NOT covered by any of the European Deposit Protection Scheme or the Financial Services Compensation Scheme.
4. The depositor has to assess the tax liability, if any, in the U.K. for the amount of interest earned on these deposits in India.
5. These deposits are governed by regulations issued by the Reserve Bank of India from time to time.
6. The deposits are payable only at the branch in India where the account is opened.
7. The Bank reserves the right to accept or reject any application without assigning any reason.