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

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
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:
Visit a Canara Bank Branch: Go to the nearest Canara Bank branch with all the required documents.
Submit the Application: Fill out the application form accurately and submit it along with the necessary documents to the bank official.
Account Opening: The bank official will verify your documents and initiate the account opening process.
Receive Account Details: Once the account is opened, you will receive your account number, passbook (if applicable), and other relevant details.