Canara Bank Super Savings Salary Account now known as Canara Payroll Package Scheme is a savings account with no requirement for an initial deposit amount. It is specially designed for employees of corporates. The firm must have at least 25 workers and 1-year standing. It is a running (operating) account. The standard interest rate (starting from 2.90%) for a savings bank (SB) account applies to this scheme. A nomination facility is available.
In this post, we will discuss the Canara Payroll Package Scheme features, eligibility, interest rates, documents required, savings account value-added services, and frequently asked questions.
Here are the features of the Canara Payroll Package Scheme:
Here are the eligibility norms for Canara Payroll Package Scheme:
Here is more information on Canara Payroll Package Scheme Interest Rate:
Here are the documents for Canara Payroll Package Scheme:
Here are the details about value-added services:
Here are the frequently asked questions:
Personal accident insurance in case of death worth Rs. 2 lakhs to Rs. 8 lakhs for self or spouse. This facility is available with Platinum Credit Card/Debit Card.
The credit limit for the credit card is based on the annual income. It is issued free of charge for the first year.
Two Demand Drafts are free per month. The limit is based on the net salary credited in the last month.
You can temporarily overdraw in a situation of an emergency is permissible up to 50% of last month’s net salary. But the same is subjected to a ceiling of net monthly salary:
Get a 50% discount on processing fees for loans such as vehicle loans, home loans, Canara Budget, and others.
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