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Canara Banks Children Deposit Scheme Canara Bank is launching a deposit scheme for children upto 12 years on Children's Day. Called 'SB Canchamp Deposit Scheme' it allows children to start a deposit with a minimum amount of Rs.100. On opening the account, the deposit holder will get a savings box and a personal photo folder-cum-memoir. The child will also get an education loan eligibility card. Using the card, the child can avail educational loan as per the prevailing bank scheme once he or she completes HSC of plus two. ICICI banks NRI deposit scheme ICICI bank has introduced a new product ' NRI SmartSave Deposit', a fixed deposit scheme for non-resident Indians. Under this scheme, a customer who has a fixed deposit in any bank's overseas branch can get the amount transferred to ICICI bank in India on maturity. The bank will settle all the paper work. Even after the amount is transferred to India, the deposit will continue to remain in NRE/NRO savings account. The bank is also offering free international credit card insurance and free personal accident insurance with the scheme. RBI clarification on Duplicate Draft ( Financial Express 14.10.06) The RBI said in case of delay in issue of duplicate demand draft beyond a fortnight, banks have to pay interest at the rate applicable for fixed deposit of corresponding maturity only to the purchaser or beneficiary of the draft and not a third party. RBI said the period of a fortnight for issue of duplicate demand draft would apply only in cases where the request has been made by the purchaser or the beneficiary. This would not be applicable in case of third pary endorsements, RBI said in a release.