Canara Bank’s Dhanvaesha Scheme 2025 is an amazing deposit plan that combines both fixed and recurring deposits’ features. This scheme is perfect for the people who have the habit of saving money but at the same time they would like to have the convenience of different amounts each month. With the very good interest rates and not so stringent terms, this scheme has been getting a lot of acceptance among people working in the private sector and also among the owners of small businesses.
What Is the Dhanvaesha Scheme?
The Dhanvaesha Scheme is a Flexi Recurring Deposit (RD) which Canara Bank is giving. In contrast to the normal RDs where you would deposit the same amount each month, this scheme gives you the option of multiple payments of different amounts to be made in one month. It is tailored for people with varying income or for those who want to put aside more money when they can.
Key Features & Interest Rates – 2025
| Feature | Details |
|---|---|
| Tenure | 6 months to 10 years |
| Minimum Monthly Deposit | ₹50 |
| Maximum Monthly Deposit | No fixed limit |
| Interest Rate (General) | 6.50% to 7.00% (based on tenure) |
| Interest Rate (Senior Citizens) | 7.00% to 7.50% |
| Interest Compounding | Quarterly |
| Premature Withdrawal | Allowed with penalty |
Benefits of the Dhanvaesha Scheme
- Flexible Deposits: No fixed monthly amount required
- Higher Returns: Competitive interest rates with quarterly compounding
- Low Entry Barrier: Start with just ₹50 per month
- Safe Investment: The money is with a public sector bank
- Senior Citizen Advantage: Earn an additional 0.50% on top of the standard rate
This scheme is great for freelancers, gig workers, and anyone who wants to save but does not want to commit to a fixed monthly amount.
Final Thoughts
The Canara Bank Dhanvaesha Scheme 2025 is a wise and adaptable saving choice for those who want to create a financial cushion without strict regulations. With the option to deposit varying amounts and earn up to 7.50% interest, it is a good way to gradually increase your wealth. Whether you are saving for a specific reason or you just want to become more disciplined, this scheme provides you with value, security, and ease.