Product Details
Bank Name
Canara Bank
Account Name
Canara Small Saving Bank Deposit Account
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 Canara Classic
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Rs 125+ GST
NEFT 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.
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
Canara Small Saving Bank Deposit Account
Special Features
Passbook facility.
The services available in the account will include deposit and withdrawal of cash at bank branches, receipt/credit of money through electronic payment channels or by means of deposit/ collection of cheques, etc.
No charge will be levied for non-operation/activation of inoperative Canara Small Savings Bank Deposit account.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Passbook facility.
The services available in the account will include deposit and withdrawal of cash at bank branches, receipt/credit of money through electronic payment channels or by means of deposit/ collection of cheques, etc.
No charge will be levied for non-operation/activation of inoperative Canara Small Savings Bank Deposit account.
Cons
Low interest rates.
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.