CANARA BANK SAVINGS ACCOUNT MINIMUM BALANCE ACCOUNTS

CANARA BANK SAVINGS BANK ACCOUNT

ELIGIBLE 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

MINIMUM BALANCE
- Rs.500/- without cheque book & Rs.1000/- with cheque book facility in Metro/Urban
- Rs.100/- without cheque book & Rs.500/- with cheque book in Semi-urban/Rural Branches

DOCUMENTS REQUIRED FOR OPENING CANARA BANK SAVINGS MINIMUM BALANCE ACCOUNT
- Application
- Proof of identity
- Address proof
- Introduction to the bank
- Passport size photograph.
- PAN Card (form 60/61 in case the customer does not have pan card)
- Any other related documents applicable to Students, Minor, HUF, Trusts etc.

NATURE OF DEPOSIT – Running (Operating) account

INTEREST RATE – 3.50% p.a.

PERIODICITY OF INTEREST PAYMENT – Interest is payable half-yearly, every February and August on the daily balance maintained in the account.

TAX LIABILITY/TDS – Not applicable

NOMINATION FACILITY – Available

LOAN AGAINST DEPOSIT – Not permitted

OTHER FACILITIES
- ATM-cum-Debit Card, Pass book/Pass sheet, Nomination, Standing Instructions, Cheque Collection.
- Instant Credit of Outstation Cheque upto Rs.15,000/-Anywhere Banking Facility, Internet & Mobile Banking & Telebanking.

IMPORTANT ATTRIBUTES
- Special facility of issue of 2 DDs free of charges per month linked to the maintenance of minimum balance in the previous month as under

Between Rs. 10000/- and Rs. 15000/- is Rs. 10000/-
Between Rs. 15000/- and Rs. 20000/- is Rs. 15000/-
Between Rs. 20000/- and Rs. 25000/- is Rs. 20000/-
Rs. 25000/- and above it is Rs. 25000/-

CANARA BANK SAVINGS ACCOUNT MINIMUM BALANCE ACCOUNTS