|Canara NSIGSE Savings Bank Deposit Account|
|Product Nature||Promote admission of ST/SC girl child into Secondary Schools|
|Interest Rate||2.90% to 3.20%|
|Balance Requirement||Zero-balance account|
Canara NSIGSE Savings Bank Deposit Account aims to reduce school dropouts and promote the girl child of ST/ SC category to enroll in secondary school classes. The product is specially designed for girls, which shall cater needs of the SC/ ST category girls. This deposit scheme is according to the directives of MoHRD (Ministry of Human Resources Development). The account holder gets the facilities such as a Passbook, cash withdrawal and deposit, Standing Instruction, nomination, transfer of the account, and more.
In this post, we will discuss Canara Bank NSIGSE Savings Account features, eligibility, the application process, deposit and withdrawal guidelines, minimum balance, KYC requirements, guardianship, facilities, nomination, benefits, and FAQs.
Here are the Canara NSIGSE Savings Bank Deposit Account features:
Here are the frequently asked questions:
Girls studying in private schools are also excluded from Canara NSIGSE Savings Bank Deposit Account since such schools often charge a higher fee and hence the parents/ guardians of these students can afford the education of the child.
Married girls are excluded from the purview of the scheme.
There shall be no restriction in the scheme based on income criteria.
Students pursuing education from central schools are excluded from the scheme as such students are either wards of central government employees or are fully provided for already, who can afford higher education of the wards by themselves without any outside assistance.
The account under the scheme Canara NSIGSE Savings Bank Deposit Account can be transferred from one branch to another.