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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

Canara Aspire
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

0
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.

Application Procedure
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