Canara Bank: Forget the tension of treatment expenses, the bank will help

Canara Bank Health Care: If someone in your family is ill for a long time, then there is no need to worry. You no longer need to reach out to anyone for hospital expenses. The country has a government bank standing with you to help you. It is being told that Canara Bank has introduced many new products including loan scheme to meet the shortfall in hospital expenses. The healthcare-focused loan product called Canara ‘Heal’ is aimed at meeting the shortfall in hospitalization expenses while settling health insurance claims of self or dependents, the bank said in a statement. To meet the expenses of the hospital, the loan will be available on ‘floating’ i.e. changing interest rate basis at 11.55 percent per annum and on fixed interest rate basis at 12.30 percent.

Women will get the benefit of special account

Health care loan facility is available to customers whose medical expenses exceed the sum insured. The bank has also introduced Canara Angel savings account for women. These include cancer care policies, pre-approved personal loans (Canara Ready Cash) and ‘online’ loans against term deposits (Canara My Money). It is free for women while opening a savings account. Existing women customers can convert their accounts to avail these facilities.

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You will get this facility

Canara Bank has also introduced user-friendly payment interface ‘Canara UPI 123Pay ASI’ and ‘Canara HRMS Mobile App’ for the employees of the bank. The bank also claimed that it has become the first bank to provide seamless digital services to the homes of Self Help Groups (SHGs) in collaboration with the Reserve Bank Innovation Centre.

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