Canara Bank savings account is an amazing savings account using which you can save your hard-earned money as well as earn interest for your deposit.
With the coming digital age, every bank in the country including the government banks in India has made digital banking a standard service that everyone gets.
Canara Bank also provides digital banking features which makes it one of the best banking in India. In this article, we will discuss How to Open an Account in Canara Bank, the Documents Required, Opening, etc.
How to Open an Account in Canara Bank?
The following are the step by step instructions on how to open an account in Canara bank-
- Visit the nearest Canara bank premises and ask the bank representative for the account opening form
- Now, fill the form with correct details like name, address, services you want, Aadhaar number details, etc.
- After filling in the details, attach the documents mentioned below and submit them to the bank representative
- Also, submit the initial deposit amount along with the documents and application form
- Your application for account opening will be reviewed and further processing will be done
- After successful processing of your request, your account will be opened and your account will be opened with the initial deposit amount as your bank balance
- Within 7 days, you’ll also receive the Canara bank starter’s kit which contains the Canara Bank debit card, Passbook, cheque book, etc.
Documents Required for Opening Account in Canara Bank
The following are the documents required for opening an account in Canara Bank-
- Aadhar Card
- PAN Card
- Address Proof-Electricity bill, credit card bill, Utility Bill, Voter’s ID card, etc.
- Identity Proof-Driving License, Passport, etc.
- Photograph of the Applicant
Canara Bank Savings Account Minimum Balance
The following are the minimum account balance that every account holder must maintain-
| Facility | Area | Minimum Amount |
| With cheque book | Rural | Rs.500 |
| Semi-Urban | Rs.1,000 | |
| Urban/Metro | Rs.1,000 | |
| Without cheque book | Rural | Rs.500 |
| Semi-Urban | Rs.1,000 | |
| Urban/Metro | Rs.1,000 | |
| Canara Basic Savings Bank Deposit Account | Rural | NIL |
| Semi-Urban | NIL | |
| Urban/Metro | NIL | |
| Canara Basic Savings Bank Deposit Account | Rural | NIL |
| Semi-Urban | NIL | |
| Urban/Metro | NIL | |
| Canara NSIGSE Savings Bank Deposit Account | Rural | NIL |
| Semi-Urban | NIL | |
| Urban/Metro | NIL |
FAQ
There are different types of accounts in Canara bank and each type has its own maintenance balance requirement. You can refer to the above table for the minimum maintenance balance or visit the official website and inquire about the minimum maintenance balance and requirement.
The interest rate offered by Canara Bank is anywhere from 2.90% p.a. to 3.50% p.a. It depends on the type of account.
You can find your bank balance using Mobile Banking or Internet banking by login into your account and navigating to the account summary section. Here you’ll find the bank balance of your account.
