Canara Bank Super Savings Salary Account

The Canara Bank offers a Super Saver Salary Account to its customers allowing them to earn 4% p.a paid half yearly in February and August. It is a Zero Balance Account letting the account holders Enjoy banking services without any minimum balance requirement. The subscribers get 50% off on NEFT and RTGS transactions. They can enjoy the Internet and Mobile Banking (IMB) services, phone banking and cheque book with 20 leaves each year all free of cost.

Fees & Charges Applicable on Canara Super Saver Salary Account:

  • There are no charges on account opening or monthly average balance.
  • The ATM-related charges, card insurance fee are again nil. However, daily withdrawal limit from ATM is Rs. 40,000 for standard and Rs. 50,000 for platinum
  • The annual card fee shall be Rs. 100 plus service tax
  • The card replacement fee is Rs. 50 unless it is a replacement of damaged cards
  • One can use Canara ATMs free of cost. However, the usage at domestic VISA ATMs is free for 5 transactions in non-metro cities and 3 in metro cities each month. Next transaction fee would be Rs. 5 for non-financial transactions and Rs. 15 for financial ones
  • In the case of ECS returns, there inward returns rate at Rs. 250 per instrument up to 1 lakh and Rs. 300 per instrument above 1 lakh. The outward returns are Rs. 150 per instrument
  • The clearing of the local cheque does not cost you a fee. However, collection of outstation cheques is Rs. 25 per instrument for up to Rs. 5000, Rs. 50 per instrument for Rs. 5000 to Rs. 10,000, and Rs. 100 for Rs.10001 to Rs. 1, 00,000 and Rs. 150 per instrument for more than 1, 00,001
  • For financial reasons, the charges for local cheques deposits and returned are Rs. 150 per cheque for inward returns and Rs. 250 per cheque for outward returns.
  • The charges for outstation cheques deposited and returned are Rs. 25 per instrument for up to Rs. 10,000, Rs. 50 per instrument for Rs. 10,000 to Rs. 10, 00,000 and Rs. 75 per instrument for more than Rs. 1, 00,001

Cheque book related charges:

  • Stop payment: Rs. 150 for each mandate
  • Cheque leaves Rs. 3 for every leaf above the free limit of 20 leaves

Remittance related charges:

  • NEFT and RTGS inward are free of cost. NEFT outward is 50% waiver on the rates given – Rs. 2.50 for sum up to Rs. 10,000, Rs. 5 for sum between Rs.10, 001 – Rs. 1, 00,000, and Rs. 15 for sum between Rs. 1, 00, 001 – Rs. 2, 00, 000 and Rs. 25 for sum above Rs. 2, 00, 001
  • RTGS outward is 50% waiver on the rates given- Rs. 25- Rs. 30 for amounts between Rs. 2, 00, 000 – Rs. 5, 00,000 and Rs. 50- Rs. 55 for amounts above Rs. 5, 00, 000
  • Issue of demand draft charges to 30 for up to Rs.1,000, Rs.40 further up to Rs.10,000, Rs.3.50 per Rs.1000 for sum between Rs.10,000 to 1,00,000 and Rs.2.50 per Rs.1000 for amount over 1,00,000
  • Rs.100 for every demand draft cancelation, revalidation and issuance of duplicate copy of the same

Cash Related Charges:

  • The base branch cash withdrawal, local non-base branch cash withdrawal, cash withdrawal from an outstation branch, and base branch cash deposits are free of cost.
  • In case of non-base cash deposit, the charges for amount up to Rs.1, 00,000 each day is free. It is Rs.1 per Rs.1000 above the free limit where minimum is Rs.100 and maximum is Rs.5000.

Other charges:

  • The bank charges Rs.100 for duplicate passbook with latest balance and Rs.50 per page for previous entries, 40 entries being on one page
  • It also charges Rs.10 per page for duplicate statements.
  • However, the monthly physical statement is free of cost
  • Rs.60 for confirmation of interest certificate and Rs.60 for balance certificate.
  • Rs.50 for registration of standing instructions and Rs.60 for execution of standing instructions
  • SMS charges are free
  • In case of old records inquiry, records up to 6 months are free, later up to 1 year is Rs.100 and above is Rs.200 per entry
  • Rs.200 in case of account closure unless it is demise of accountholder or the account is closed within 14 days of opening
  • Rs.100 is charged for photo attestation
  • Rs.100 per verification signature