Product Details
Bank Name
Canara Bank
Account Name
Canara Aspire
Account Type
Savings account
Interest Rate
Balance of less than Rs. 50 Lakh-2.90% and a balance of Rs. 50 Lakh to less than Rs 5 Cr-2.90%.
Free Debit Card
Rupay Platinum Millennial Card

Account Opening Fees
Nil
Annual Maintenance Fees
Nil
Minimum Account Balance
Zero balance account
Debit Card Charges
No Annual Maintenance Charge on the debit card until the age of 28 for the customer.
NEFT Charges
Free online.
IMPS Charges
Free online
Fees and Charges
Canara Aspire
Special Features
Zero balance account.
Free one certificate course from Coursera for customers maintaining a Quarterly Average Balance (QAB) of Rs. 5000. One more free course to be offered to the customers who are maintaining QAB above 25,000 and cross a threshold level for number of debit transactions of 50 in 6 months and for customers availing education loans.
Card-based offers on Amazon, Swiggy one, BookMyShow and Gaana.]
Airport lounge access.
Eligibility Criteria
This product is suited for resident individuals aged between 17 and 28 (both ages included).
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free one certificate course from Coursera for customers maintaining a Quarterly Average Balance (QAB) of Rs. 5000. One more free course to be offered to the customers who are maintaining QAB above 25,000 and cross a threshold level for number of debit transactions of 50 in 6 months and for customers availing education loans.
Free issuance of Rupay Platinum Millennial card.
0.50% concession in interest rates of fresh education loan.
Personal accident insurance cover of 6 lakhs.
Card-based offers on Amazon, Swiggy one, BookMyShow and Gaana.]
Airport lounge access.
Cons
Low interest rates.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
1. Visit a Canara Bank Branch:
Locate the nearest Canara Bank branch to your residence.
Visit the branch during business hours.
2. Obtain Account Opening Form:
Request the bank representative for a Canara Aspire opening form.
3. Fill the Form:
Fill the form accurately with the following details:Your full name
Date of birth
Contact information (phone number, email address)
Nominee details (if applicable)
Account type (single, joint, etc.)
Operating instructions (single or joint operation)
4. Submit Required Documents:
Proof of Identity:
PAN Card (Permanent Account Number) or Form 60/61 (if PAN is not available)Proof of Address:Passport
Driving License
Voter ID Card
Aadhaar Card
Ration Card
Photographs: Two recent passport-sized photographs
5. Deposit Initial Amount:
Deposit the minimum balance required for the account. This amount varies depending on the type of account and branch location.
6. Account Activation:
Once the bank verifies your documents, your account will be activated.
You will receive your account number, debit card (if applicable), and passbook.