Canara BankCanara Bank Saving Account

Headquartered at Bangalore, Karnataka, Canara Bank is one of the oldest public sector banks in India which was established in 1906. The bank has a huge network of branches and ATMs spread over various locations of the country as well as abroad. It also has a great record of earning big profits from years and hence listed in premier class in the industry.

Canara Bank provides a wide variety of features in its saving bank account which are listed below:

  • ATM cum debit card along with passbook or pass sheet
  • Mobile banking and net banking
  • Other options like nomination, joint account, minor or senior citizen account, etc
  • Instant credit of up to Rs 10,000 on outstation cheques
  • 2 free DDs amounting Rs 25000 maximum for customers maintaining Rs 10,000 quarterly average balance.

Minimum balance criteria for accounts (in Rupees):

  • Rural
    • With cheque book: 500
    • Without cheque book: 100
  • Urban
    • With cheque book: 1000
    • Without cheque book: 500

Interest rate offered by the bank is 4% which is calculated on daily balance maintained in the account and is paid half yearly in February and August.

How to open Canara Bank Savings Account?

  • Resident Indians can log on to the official website of Canara Bank and click on the option for opening up a new savings account.
  • Applicants need to submit their personal information in the required fields and also choose the branch which they intend to visit for further account opening.
  • Scanned copies of the KYC documents need to be uploaded.
  • After this applicants will receive a Unique Reference Number (URN) in their registered mobile number. Validation of mobile number and email will be required.
  • Take print out of the application and then visit the chosen bank branch along with original KYC documents uploaded in the website.
  • Your account will be opened and a welcome kit will be provided with necessary details and documents like cheque book and passbook.

Documents required:

  • Identity proof (Passport, Voter's ID, Driving License, Aadhar card, PAN)
  • Address proof (Passport, Voter's ID, Driving License, Aadhar card, Ration card, electricity/ telephone bill)
  • Two passport size photos
  • PAN or form 60/61
  • Applicable documents for special category accounts like student, minor, trust, senior citizen, HUF, etc

Types of Canara Bank saving account:

  • Canara Junior Savings Account
  • Canara Bank Basic Savings Deposit Account
  • Canara Bank Small Savings Bank Deposit Account
  • Canara SB Power Plus
  • Canara NSIGSE Savings Bank Deposit Account
  • Canara Super Savings Salary Account
  • Canara Jeevandhara - for senior citizens
  • Canara Payroll Package Saving Bank Account

Other Banks Savings Accounts

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