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Product Details
Bank Name

Canara Bank account

Account Name

Account Type

Saving

Interest Rate

Balance of less than Rs. 50 Lakh-2.90 and Balance of Rs. 50 Lakh to less than Rs 5 Cr-2.90.

Free Debit Card

Yes Platinum Debit Card

CANARA PAYROLL PACKAGE SAVINGS BANK ACCOUNT
Account Opening Fees

0

Annual Maintenance Fees

Minimum Account Balance

Minimum monthly average balance of Rs.1000/

Debit Card Charges

Rs 125+ GST

NEFT Charges

Free through Net Banking

IMPS Charges

Up to Rs.10,000- Rs. 2.25,Rs.10,001 and up to Rs.1 lakh-Rs. 4.75,Above Rs.1 lakh and up to Rs.2 lakhs-Rs.14.75

Fees and Charges
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CANARA PAYROLL PACKAGE SAVINGS BANK ACCOUNT

Special Features
50% of applicable processing fee only to be collected for Retail Loans like Housing Loan / Vehicle Loan / Canara Budget etc.
Eligibility Criteria
All employees of a firm / company with minimum 25 employees, with standing over one year are eligible to open account under this product.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Platinum Debit Card, Pass book/Pass sheet, Nomination, Standing Instructions, Internet & Mobile Banking, SMS Alert facility, DEMAT account,Two DDs free (per month) up to the net salary credit received during the previous month,Free Personalised/non-Personalised Cheque Book- up to 200 leaves per annum,Free NEFT/RTGS Charges,Temporary Overdrawing in case of emergency- To be permitted after the account completes 6 months from date of opening with satisfactory dealings and other guidelines as applicable,Free Locker Operations.
Cons
Low intreast rate
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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