What is the minimum balance in Canara Bank for savings account?
SAVINGS BANK ACCOUNT Average Monthly Balance of Rs. 1000/- for Metro, Urban & Semi-urban branches and Rs. 500/- for Rural branches. Application in the Banks’ prescribed form, Proof of identity, Address proof, Passport size photograph.
Can I open zero balance account in Canara Bank?
A Canara Bank Basic Savings Deposit Account is a zero-balance savings account and can be opened by any resident of India.
What is small account in Canara Bank?
A SB product designed for the common man who is unable to provide full KYC documents as part of the financial inclusion objective of RBI. An individual in his/her name. Application to open a Canara Small Savings Bank Deposit account should be made in the Bank’s prescribed form.
What is the minimum balance required for basic savings account?
The Basic Savings Bank Deposit Account or BSBDA is a Savings Account that does not have a minimum balance. In contrast, a BSBDA has a maximum account balance that has to be maintained. The BSBDA holder will get an ATM cum Debit Card as a part of the account opening formalities.
Which bank has lowest minimum balance?
8 Best Zero Balance Savings Account In India
- IDFC First Bank Pratham Savings Account.
- YES Bank Smart Salary Advantage.
- IndusInd Bank-Indus Online Savings Account.
- Kotak Mahindra Bank-811 Digital Bank Account.
- HDFC Bank – Basic Savings Bank Deposit Account.
- SBI – Basic Savings Bank Deposit Account.
Which bank has no minimum balance?
Latest Interest Rate for Zero Balance Savings Account
|Bank||Name of zero-balance savings account||Interest rate|
|Kotak Mahindra Bank||811||4% to 6%|
|Standard Chartered Bank||Basic Banking Account||0.5% to 4.90%|
|HDFC Bank||Basic Savings Bank Deposit Account||3.50% to 4%|
|Axis Bank||Basic Savings Account||3.50% to 4%|
Can DiYA online open?
Features of Canara Bank DiYA Online account opening: Canara DiYA provides a platform for individuals to open a savings account online from anywhere in 5 minutes. The account opening process is completely paperless and you don’t have to visit the bank branch to open a savings account.
Which bank has zero balance?
What is basic deposit account?
A basic deposit account refers to interest- or non-interest-bearing account designed to promote financial inclusion. In offering the basic deposit account, banks shall adopt clearly-defined written policies, procedures and controls to ensure due diligence and compliance with applicable rules and regulations.
What is minimum balance in SBI?
In March this year, SBI had announced that it will waive charges for non-maintenance of average monthly balance (AMB) for all savings bank accounts. Earlier, SBI savings bank customers had to maintain average monthly balance of ₹3000, ₹2000 and ₹1000 in metro, semi urban and rural areas respectively.
Who can open a Canara Bank basic savings deposit account?
A Canara Bank Basic Savings Deposit Account is a zero-balance savings account and can be opened by any resident of India. The primary benefit of the Canara Bank Basic Savings Deposit Account is that it is a zero-balance savings account.
What is the minimum deposit and withdrawal limit in Canara Bank?
As soon as a customer opting for the Canara Bank Basic Savings Deposit Account has opened the account, he/she is granted a passbook. The minimum deposit and withdrawal limit from the bank is Rs.10. From ATMs, the minimum withdrawal limit is Rs.100.
What are the benefits of Canara Super savings salary account?
Canara Super Savings Salary Account This account is designed for firms having 25 and above employees. If the number of employees is below 25, the bank may considered it at its own discretion. The main benefits are: Zero balance account Free passbook, debit card, sms alert, fund transfer Internet and mobile banking
Why choose Canara Bank?
The bank has a widespread network of branches and ATMs in the country and overseas. Canara Bank holds a premier rank in the banking industry with an unbroken record of profits from its inception.