Latest news with #TruEdge
India.com
14-05-2025
- Business
- India.com
Canara Bank, Union Bank Announce Special Deposit Schemes --Check Benefits
photoDetails english 2900836 Updated:May 14, 2025, 10:54 AM IST Canara Bank, Union Bank Deposit 1 / 8 India's top banks, Canara Bank and Union Bank of India, have also announced special products for customers. Canara Bank has launched Canara TruEdge, a specialised suite of current and savings accounts. Union Bank of India has launched the Union Wellness Deposit that combines the benefits of a fixed deposit with health insurance. Canara Bank introduces Canara TruEdge 2 / 8 Canara Bank, one of India's premier public sector banks, has launched the Canara TruEdge. This is a specialised suite of current and savings accounts. The suite has been created to provide customers operational ease and financial benefits. Canara TruEdge 3 / 8 "The TruEdge Current and Savings Account is crafted to meet the unique banking needs of institutions, offering a dynamic range of benefits that scale with your Monthly Average Balance (MAB). With no initial deposit required and a suite of value-added services, TruEdge is the perfect solution for educational institutions, trusts, societies, and more," the bank's website states. Facilities offered by Canara TruEdge 4 / 8 Canara TruEdge offers a zero initial deposit requirement for easy onboarding. There is no upfront cost to open an account. Customers can enjoy unlimited free NEFT, IMPS and UPI transactions across all tiers. The scheme offers a flexible benefit system of charge waivers and concessions. Canara TruEdge Benefits 5 / 8 Customers can benefit from waivers on cash handling charges based on the previous month's MAB. The unique feature gives students and staff access to free Coursera courses, a value-added educational boost for qualifying institutions. The scheme focuses on providing personalised and dedicated support through a designated relationship manager. Union Bank introduces Union Wellness Deposit 6 / 8 Union Bank of India has launched a new retail term deposit scheme called the Union Wellness Deposit. This product combines fixed deposit benefits with health insurance and lifestyle benefits. Facilities provided by Union Wellness Deposit 7 / 8 The Union Wellness Deposit has a fixed tenure of 375 days. It offers an interest rate of 6.75 percent per annum. Senior citizens are offered an additional 0.50 percent. Customers can invest a minimum of Rs 10 lakh and up to Rs 3 crore. Union Bank Wellness Deposit Insurance Top up 8 / 8 The scheme also offers a 375-day Super Top-up Health Insurance cover worth Rs 5 lakh. This covers cashless hospitalization. The scheme also offers lifestyle benefits via the RuPay Select Debit Card. Loan facilities are also available as per existing guidelines of Domestic Term Deposits. The product is open to resident individuals aged 18 to 75, either individually or jointly. Only the primary holder of a joint account is covered by insurance.
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Business Standard
13-05-2025
- Business
- Business Standard
Canara, Union Bank announce special deposit schemes to boost growth
Amid muted deposit growth, Canara and Union Bank launch targeted deposit products offering higher interest, health insurance, and personalised support services Anupreksha Jain Mumbai State-owned Canara Bank and Union Bank of India on Tuesday announced special products to boost resource mobilisation. Under its new scheme, Union Bank will offer 6.75 per cent interest on deposits with a tenure of 375 days, for a minimum deposit of ₹10 lakh and up to ₹3 crore. The scheme includes a 375-day Super Top-up Health Insurance cover, offering a sum insured of ₹5 lakh with cashless hospitalisation facilities. Bengaluru-based Canara Bank launched Canara TruEdge, a current and savings account product designed to enhance customer segmentation and provide solutions tailored to specific operational and financial needs, the lender said. The product offers a flexible benefit system, such as charge waivers and concessions, linked to the previous month's Monthly Average Balance (MAB). The move comes as deposit growth has slowed — falling to 10.3 per cent in FY25 from 13.5 per cent in FY24. Most public sector banks have projected deposit growth of 9–11 per cent for the current financial year. Bankers said deposit mobilisation continues to remain a challenge, prompting institutions to launch special schemes. Additionally, Canara Bank's TruEdge focuses on providing personalised and dedicated support through a designated relationship manager, acting as a single point of contact for all banking requirements. Similarly, Union Bank's special scheme aims to attract more deposits by offering wealth creation and health protection benefits on a single platform. 'The Union Wellness Deposit is strategically crafted to promote both wealth creation and health protection by seamlessly integrating health insurance with a term deposit product. Additionally, it offers a range of lifestyle benefits through the RuPay Select Debit Card,' the bank said in a statement. The scheme is available to resident individuals aged between 18 and 75, either individually or jointly. For joint accounts, only the primary account holder is eligible for the insurance coverage. It offers a minimum deposit amount of ₹10 lakh and a maximum of ₹3 crore, with provisions for premature closure and loans against the deposit. The scheme has a fixed tenure of 375 days and offers an attractive interest rate of 6.75 per cent per annum, with an additional 0.50 per cent interest for senior citizens. 'Deposit growth is still muted; hence, products that offer multiple benefits serve best to mobilise deposits. Plus, it also targets senior citizens, who are currently among the most important customer segments,' said a banker.
7NEWS
30-04-2025
- 7NEWS
Best robotic vacuum Ecovacs launches the smartest, most powerful robot vacuum yet: Deebot T50 Pro Omni
Ecovacsis one of the most popular robotic vacuum brands in Australia, known for its high-quality all-in-one models that take the stress and time out of home cleaning. Aussies love how efficient and easy they are to operate, not only do they elevate your cleaning routine, but it also means that you can be out of the house while your home is being cleaned. And in exciting news, Ecovacs has once again taken its robot vacuum technology to a whole new level. It has just launched its latest robot vacuum. At just 8.1cm tall, the Deebot T50 Pro Omni is Ecovacs' slimmest robot vacuum yet. The Deebot T50 Pro Omni is designed specifically to reach under low-clearance furniture that previous models couldn't access. It's powered by a re-engineered internal architecture and fully embedded dToF LiDAR navigation system, allowing for precise, obstacle-aware movement in even the most complex household layouts. What sets it apart from other robot vacuums? What sets the Deebot T50 Pro Omni apart is its comprehensive suite of intelligent cleaning technologies. TruEdge 2.0 Adaptive Edge Cleaning ensures every corner is reached using a smart mop extension and side brush system that dynamically adjusts to edges and contours in real time. Meanwhile, ZeroTangle 2.0 Anti-Tangle Technology dramatically reduces hair entanglement using a V-shaped brush and comb system, which is ideal for pet owners. At the core of the Deebot T50 Pro Omni's intelligence is the AIVI 3D 3.0 OMNI-Approach Technology, which uses a Visual Language Model and 3D structured light to recognise and adapt to a variety of obstacles with human-like precision. It can distinguish between liquid and solid spills, initiating tailored responses for optimal results, and automatically lifts its mop when it detects carpet to avoid unwanted soaking. The device pairs seamlessly with Ecovacs' enhanced Omni Station, which now features self-cleaning with 70 degrees hot water, automatic refilling with cleaning solution, mop drying, and dustbin emptying — offering up to 150 days of maintenance-free cleaning. Schedule cleaning from anywhere Users can take control via the Ecovacs Home App or through YIKO-GPT, the world's first LLM-powered voice assistant in a robot vacuum, capable of understanding natural language and adjusting cleaning accordingly. It even supports live video calling through a privacy-protected 960p camera. With a powerful 15,000Pa suction system, commercial-grade OZMO Turbo 2.0 mopping, and up to 180 minutes of battery life, the Deebot T50 Pro Omni is built for whole-home, hands-free, and highly intelligent cleaning.
