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Product Details
Bank Name

Canara Bank

Account Name

Canara SB Galaxy

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

Yes

Canara SB Galaxy
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Accounts can be opened with zero balance(Freebies, would be extended only where the average monthly balance is Rs.50, 000/- & above (SMS/ NEFT/ RTGS) & where the average annual balance is Rs.50000/- & above (AMC on Demat/ Insurance/Debit/Credit Card)).

Debit Card Charges

Free

NEFT Charges

Free for online transactions

IMPS Charges

Free for online transactions

Fees and Charges

Canara SB Galaxy

0
Special Features
  • A combo product comprising savings bank a/c, Demat, OLT a/c, Internet & Mobile Banking, Insurance, and card services.

  • Accounts can be opened with zero balance.

  • Free issuance of Debit card/Credit card.

  • Waiver of annual maintenance charges on Demat a/c.

Eligibility Criteria

All Individuals (i.e. Non Institutional accounts).


Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • A combo product comprising savings bank a/c, Demat, OLT a/c, Internet & Mobile Banking, Insurance, and card services.

  • Accounts can be opened with zero balance.

  • Free SMS / NEFT /RTGS transactions.

  • Free issuance of Debit card/Credit card.

  • Waiver of annual maintenance charges on Demat a/c.

Cons
  • Low interest rates.

  • Canara Bank has a limited branch and ATM network. 

Application Procedure

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

Steps:

  1. Visit a Canara Bank Branch: Go to the nearest Canara Bank branch with all the required documents.

  2. Submit the Application: Fill out the application form accurately and submit it along with the necessary documents to the bank official.

  3. Account Opening: The bank official will verify your documents and initiate the account opening process.

  4. Receive Account Details: Once the account is opened, you will receive your account number, passbook (if applicable), and other relevant details.

Application Procedure
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