CANARA BANK PREMIUM SAVING BANK ACCOUNT : SB GOLD SCHEME

ELIGIBLE INSTITUTIONS AND PEOPLE CANARA BANK SAVINGS ACCOUNT MINIMUM BALANCE ACCOUNTS-
- Individuals, Joint accounts, Minor accounts, Illiterates
- HUF, Non-corporate bodies, Clubs, Societies, Associations
- Schools, Trusts, Executors/ Administrators
- Govt. bodies, Semi-Government Departments, Recognized PF Accounts
- Capital Gains Accounts

INITIAL BALANCE AND MINIMUM BALANCE
To open an SB GOLD SCHEME account initial minimum amount to be deposited is Rs. 50,000/- and subsequently a minimum balance of Rs.50,000/- has to be maintained

INTEREST RATE
3.50% p.a. payable every February and August

IMPORTANT ATTRIBUTES AND FACILITIES OF CANARA BANK PREMIUM SAVING BANK ACCOUNT : SB GOLD SCHEME
- Nomination facility is available
- Tax liability exists but not under TDS
- 50% discount on demand draft i.e. only Re.1/- per Rs.1000/- or part thereof
- 50% discount on transfer of funds under NEFT and RTGS
- Free Debit Card will be issued to the customers
- A credit card will be issued to the 1st account holder
- Demat account will be opened free of charge.
- Free Anywhere Banking (AWB) facility
- Sweep-in and Sweep-out facility – Sweep-in facility is when an account balance reaches beyond Rs.1,00,000/-, at the request of the customer the bank can deposit the excess money in a term deposit and hence the customer can benefit from the extra interest rate in a term deposit. Sweep-out facility is when the account balance reaches close to a minimum balance and there is a requirement of funds then the money in the term deposit is transfered back to the account.
- Check book with your name printed on every check.
- Free funds transfer facility through our Internet Banking
- Free Telebanking facility

NON MAINTENANCE OF AVG. MONTHLY BALANCE
In case, due to some reason, you fail to maintain your average monthly balance of Rs.50,000/- during the month, the concessional facilities provided under the scheme will be withdrawn from the succeeding month by sending a notice of withdrawal of concessional facilities.

DOCUMENTS REQUIRES
- Application
- Specimen Signature Card
- PAN Card (Form 60 or 61 if customer does not have PAN Card)
- 2 Photographs of depositor
- Proof of identity
- Proof of address permanent and temporary both.
- Any other related documents applicable to Students, Minors, HUF, Trusts etc.
- An introduction from an existing customer