Canara 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):
With cheque book: 500
Without cheque book: 100
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.
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