|Canara Bank SB Power Plus Account|
|Minimum Average Quarterly Balance||Rs. 1 lakh|
|Interest Rate||2.90% to 3.20%|
|Interest Credit||On Quarterly Basis|
Canara Bank SB Power Plus Account scheme is for a premier segment of customers. Accounts opened under the scheme shall offer special benefits to the customers having high-value cash in their saving accounts. The minimum average quarterly balance requirements under this scheme are Rs. 1 lakh. The bank offers certain freebies to account holders under this scheme. You will receive a free-of-cost Platinum Debit Card. And you will also get personal accidental insurance (death only) cover of up to Rs. 8 lakhs.
In this post, we will discuss Canara Bank SB Power Plus Savings Account features, eligibility, balance requirement, interest rate, facilities, cash withdrawals, credit card, auto/reverse sweep, and frequently asked questions.
Here are the FAQs for this Canara Bank Savings Account:
The applicant needs to furnish the application in the desired format along with the KYC documents such as PAN, Aadhar card, etc. along with 2 recent passport size photographs. NRE customers also need to submit the same documents except for PAN.
It is a regular running account.
TDS is not applicable for the interest earned under the Canara Bank SB Power Plus Account scheme.
Locker facility on a priority basis is offered by the bank for its customers having a savings account under this scheme having concession of 25% in locker rent for the initial year irrespective of the locker size. One can operate the locker any number of times without any fee.
Yes, you get a Demat account facility with the trading account.