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SAVING ACCOUNT DETAIL CANSARAL SAVINGS ACCOUNT Highlights Bank Canara Bank Category Regular Minimum AQB (Average Quarterly Balance) An account can be opened with an initial deposit of Rs. 25/-. The account can be maintained even with zero balance. Metro/Urban - Rs.500/- without cheque book & Rs.1000/- with cheque book Semi-urban/Rural Branches - Rs.100/- without cheque book & Rs.500/- with cheque book Interest Rate 4% Card Offered None Main Features An SB product designed for the common man to provide a basic banking facility as part of the financial inclusion objective of RBI. MINIMUM DEPOSIT The account can be maintained even with zero balance. WITHDRAWAL/ DEPOSIT: Permitted through withdrawal order form, cheque and ATM cum Debit Card Maximum 6 withdrawals per month including drawings through ATM free of charge. For withdrawals exceeding 6 per month would be levied a service charge at the rate not exceeding Rs.5/- per withdrawal at the discretion of the branch. The minimum amount that may be deposited/ withdrawn “IN CASH” in an account is as prescribed by the bank from time to time. Currently minimum deposit or withdrawal “IN CASH” is Rs.10/-. In case of withdrawal through ATM, the minimum amount is Rs.100/- (Currently). TDS- Exempted  Fees & charges   Fees & charges Charges for non maintenance of minimum quarterly average balance Flat Charge of Rs. 20/- per month (to be collected once in a month on last working day) Balance inquiry at own bank Inquiries up to six months : Free of Charge- for all catagories Entries above 6 months up to 1 yr old : OTHER THAN INDIVIDUAL - Rs. 25/- per entry. Minimum Rs. 50/- per Occasion OTHER THAN RURAL - Rs. 20/- per entry. Minimum Rs. 40/- per Occasion RURAL - Rs. 10/- per entry. Minimum Rs. 25/- per Occasion Issue of DD drawn on base Bank/banks branch by cheque/transfer LOCAL DEMAND DRAFT 1. Upto and inclusive of Rs 1000/- OTHER THAN INDIVIDUAL- Rs. 30/- OTHER THAN RURAL - Rs. 25/- RURAL - Rs. 20/- 2. Above Rs 1000/- upto Rs 10000/- OTHER THAN INDIVIDUAL- Rs. 40/- OTHER THAN RURAL - Rs. 35/- RURAL - Rs. 30/- 3. Above Rs 10000/- up to Rs 1.00 lakh OTHER THAN INDIVIDUAL - Rs. 2/- per Rs. 1000/-or part thereof minimum of Rs. 40/- OTHER THAN RURAL -Rs. 1.50/- per Rs. 1000/-or part thereof - minimum of Rs. 35/- RURAL - Rs. 1.25/- per Rs. 1000/-or part thereof- minimum of Rs. 30/- 4. Above Rs 1 lakh OTHER THAN INDIVIDUAL - Rs. 1.50/- per Rs. 1000/-or part thereof minimum of Rs. 200/- OTHER THAN RURAL - Rs. 1.25/- per Rs. 1000/-or part thereof- minimum of Rs. 150/- RURAL - Rs. 1/- per Rs. 1000/-or part thereof - minimum of Rs. 125/- 5. Maximum Rs. 5000/- per DD OTHER THAN INDIVIDUAL - Maximum Rs. 5000/- per DD OTHER THAN RURAL - Maximum Rs. 5000/- per DD DD cancellation/Revalidation REMITTANCE [ Issue of DD /TT / PO /BC] : Against tender of cash (both for local / outstation ) (applicable to all branches rural and other than rural, individuals and non individuals) - rural and other than rural, individuals and non individuals) Up to Rs. 1000/- no additional charges Above Rs. 1000/-, additional charges at 20% (extra) on applicable charges, rounded off to next Re. For denominations below Rs. 100/- 50% extra on normal charges Note :: i) The above charges for remittance against tender of cash are only indicative rates. However, the bank has the discretion to levy higher rates depending on the circumstances, subject to maximum of 200% of applicable normal charges. ii) For retirement of bills against tender of cash, additional charges of Rs.100/- flat per bill shall be collected in addition bills collection charges. DEMAND DRAFT-CANCELLATION 1. Upto Rs 10 lakh OTHER THAN INDIVIDUAL - Rs. 50/- per DD OTHER THAN RURAL - Rs. 40/- per DD RURAL - Rs. 30/- per DD 2. Above Rs.10 Lakh ( other than Local) OTHER THAN INDIVIDUAL - Rs.1000/- per DD OTHER THAN RURAL - Rs.750/- per DD RURAL - Rs.500/- per DD DEMAND DRAFT -REVALIDATION : (both for local and outstation) Revalidation of DD / Local DD OTHER THAN INDIVIDUAL- Rs.30/- flat per DD OTHER THAN RURAL - Rs.25/- flat per DD RURAL - Rs.20/- flat per DD DEMAND DRAFT -DUPLICATE ISSUANCE : (both for local and outstation ) 1. Issue of Duplicate DD OTHER THAN INDIVIDUAL - Rs.50/- per DD, upto Rs.10000/- OTHER THAN RURAL - Rs.40/- per DD, upto Rs.10000/- RURAL- Rs.35/- per DD, upto Rs.10000/- 2. For DDs above Rs. 10000/- OTHER THAN INDIVIDUAL - 50% of applicable commission subject to minimum of Rs.50/- per DD. OTHER THAN RURAL - 50% of applicable commission subject to minimum of Rs.40/- per DD. RURAL - 50% of applicable commission subject to minimum of Rs.35/- per DD. DD drawn on correspondent location/other bank DEMAND DRAFTS OUTSTATION : 1. Upto and inclusive of Rs. 1000/- OTHER THAN INDIVIDUAL-Rs. 30/- OTHER THAN RURAL - Rs. 25/- RURAL- Rs. 20/- 2. Above Rs. 1000/- upto Rs. 10000/- OTHER THAN INDIVIDUAL- Rs. 40/- OTHER THAN RURAL- Rs. 35/- RURAL- Rs. 30/- 3. Above Rs. 10000/- OTHER THAN INDIVIDUAL - Rs. 2.50 per Rs. 1000/- or part thereof minimum of Rs. 40/- Maximum Rs. 12000/- per DD OTHER THAN RURAL- Rs. 2.25 per Rs. 1000/- or part thereof- minimum of Rs. 35/- Maximum Rs. 12000/- per DD RURAL- Rs. 2/- per Rs. 1000/- or part thereof- minimum of Rs. 30/- Maximum Rs. 10000/- per DD Cheque Books Where MICR is operational - MICR Cheques - OTHER THAN INDIVIDUALSRs. 2.50 per cheque leaf OTHER THAN RURAL - Rs. 2.50 per cheque leaf RURAL - Rs. 2.00 per cheque leaf Where MICR is not operational - MICR Cheques - OTHER THAN INDIVIDUALS Rs. 1.50 per cheque leaf OTHER THAN RURAL- Rs. 1.50 per cheque leaf RURAL- Rs. 1.00 per cheque leaf Non-MICR Cheques - OTHER THAN INDIVIDUALS Rs. 1.50 per cheque leaf OTHER THAN RURAL- Rs. 1.50 per cheque leaf RURAL- Rs. 1.00 per cheque leaf Free cheque leaves for SB Account in a calendar year - 40 leaves free Rural- 60 leaves free Note: The MICR/ Non - MICR cheque charges for SB accounts are to be levied only for the additional leaves issued in excess of the free entitlement. Pass Book Pass Sheets : First set free of charges in a month for all categories Additional set / copies- OTHER THAN INDIVIDUALS Rs. 20/- per page. Minimum Rs. 40/- per occasion. OTHER THAN RURAL-Rs. 10/- per page. Minimum Rs. 30/- per occasion RURAL- Rs. 10/- per page. Minimum Rs. 20/- per occasion Computerised Pass Books : No Charges since issue of pass book for all account holders is considered mandatory Duplicate Pass Book /Pass sheet / Statement OTHER THAN INDIVIDUALS -With latest entry / balance Rs. 50/- per pass book / pass sheet OTHER THAN RURAL - With latest entry / balance Rs. 40/- per pass book / pass sheet RURAL- With latest entry / balance Rs. 30/- per pass book / pass sheet Additional page / sheet OTHER THAN INDIVIDUAL -Rs. 20/- per additional page or part thereof. Minimum Rs. 50/- OTHER THAN RURAL - Rs. 15/- per additional page or part thereof. Minimum Rs. 40/- RURAL-Rs. 10/- per additional page or part thereof. Minimum Rs. 30/- Outstation cheque collection a) Collection of outstation cheques and instruments such as Demand Drafts, Dividend / Interests warrants, Refund Orders, Income Tax refund orders etc. (other than bills) : 1. Upto and inclusive of Rs 1000/- OTHER THAN INDIVIDUAL- Rs 25/- OTHER THAN RURAL - Rs 20/- RURAL - Rs 20/- 2. Above Rs 1000/- upto Rs 10000/- OTHER THAN INDIVIDUAL - Rs 45/- OTHER THAN RURAL - Rs 40/- RURAL - Rs 35/- 3. Above Rs 10000/- OTHER THAN INDIVIDUAL - Rs 4.50 per Rs 1000/- or part thereof minimum of Rs 45/- Subject to a maximum of Rs. 12000/- OTHER THAN RURAL- Rs 4.00 per Rs 1000/- or part thereof - minimum of Rs 40/- Subject to a maximum of Rs. 10000/- RURAL - Rs 4.00 per Rs 1000/- or part thereof - minimum of Rs 35/- Subject to a maximum of Rs. 10000/- NOTE: In Case of Inward collection of instruments, since category of the beneficiary may not be ascertainable, charges as applicable to ‘INDIVIDUAL - OTHER THAN RURAL' category shall be reckoned by all branches, irrespective of customer category and population group . b) Collection of Dividend / Interest Warrants / Refund Orders for Individuals - Concession OTHER THAN INDIVIDUAL -No Concession OTHER THAN RURAL - If value of instrument is up to Rs. 250/-, No Charges, only OPE + Postage RURAL - If value of instrument is up to Rs. 250/-, No Charges, only OPE + Postage Return of Cheque CHEQUES / BILLS / INSTRUMENTS RETURN CHARGES – LOCAL a) Return of Inward Instruments (Inward Local Cheques / Bills / Instruments including LCC etc., received for payment but returned to other Banks / Branches ) Only in case of the cheque/bill/instrument being returned for want of funds / similar reasons : (to be debited from our drawer customer's account) OTHER THAN INDIVIDUAL-Rs. 50/- per cheque / instrument OTHER THAN RURAL - Rs. 40/- per cheque / instrument RURAL- Rs. 40/- per cheque / instrument b) Return of Outward Instruments (Outward Local Cheques / Bills / Instruments including Local Clearing Cheques LCC/LOSCs etc. lodged by customers for collection and returned to us by other Banks / Branches) – Collected as Handling charges. OTHER THAN INDIVIDUAL-Rs. 30/- per cheque / instrument OTHER THAN RURAL- Rs. 25/- per cheque / instrument RURAL - Rs. 20/- per cheque / instrument CHEQUES / BILLS /INSTRUMENTS RETURN CHARGES – OUTSTATION a) Return of Inward Instruments (Inward Outstation Cheques / Bills / Instruments including ICCs / ISCs / IBCs etc., received for payment but returned to other Banks / Branches) 50% of applicable collection charges, with a minimum of Rs. 50/- + postage (Since category of the beneficiary in case of inward instruments may not be ascertainable, charges as applicable to ‘INDIVIDUAL – OTHER THAN RURAL' category shall be reckoned) b) Return of Outward Instruments (Outward Outstation Cheques / Bills / Instruments including OSCs / OBCs etc., lodged by customers for collection and returned to us by other Banks / Branches) OTHER THAN INDIVIDUAL -50% of applicable collection charges, Min Rs.75/- + postage OTHER THAN RURAL- 50% of applicable collection charges-Min Rs. 50/- + postage RURAL- 50% of applicable collection charges-Min Rs. 50/- + postage Stop Payment for individual cheque or a range of cheques OTHER THAN INDIVIDUAL - Rs. 50/- per cheque.(Maximum Rs. 300 per occasion) OTHER THAN RURAL - Rs. 40/- per cheque. (Maximum Rs. 250 per occasion) RURAL - Rs. 30/- per cheque. (Maximum Rs. 200 per occasion) Closure of Account Before one year- With Cheque Book facility: OTHER THAN INDIVIDUAL- Rs. 100/- per account OTHER THAN RURAL- Rs. 75/- per account RURAL- Rs. 50/- per account Without Cheque Book facility: OTHER THAN INDIVIDUAL -Rs. 50/- per account OTHER THAN RURAL- Rs. 35/- per account RURAL- Rs. 25/- per account Exemptions :: 1) Transfer from branch to branch. 2) Opening another account in joint names. 3) Death of the account holder Charges for In-operative Accounts (Half Yearly Service Charge) a. If balance in the account is above the applicable minimum (for particular branch category, for without cheque book slab), No charge. b. If balance is below applicable minimum, service charge of Rs. 30/- or available balance whichever is lower, is to be collected half yearly (for inoperative accounts other than unclaimed deposits).  Services & Features   Services & Features Overdraft Facility No Reward Points No Internet Banking Yes Phone Banking Yes Mobile Banking Yes SMS Alerts No  Eligibility Criteria   Eligibility Criteria a. An individual in his/her name. b. Joint accounts (not more than 4) c. A guardian on behalf of a minor, by declaring the date of Birth of the minor. d. A literate minor himself/herself provided he/she has attained the age of 14 years and produces satisfactory proof of date of birth. e. A school going minor student above the age of 12 years can open the account with branches/extension counters situated in the campus of educational institution in which he/she is studying, on submission of a declaration cum no objection letter from natural guardian. Such accounts are to be preferably introduced by the Head of the Institution where the student is studying. f. The Bank may at its discretion, open accounts of illiterate/blind persons, after observing formalities for opening such accounts. Once a customer opens Cansaral Savings Account with the branch, he/she will have to close all other running accounts. Min Age 18 Yrs.  Documents   Documents Application to open a Cansaral Savings account should be made in the Bank's prescribed form. Two recent passport size photographs of the account holder(s) is to be submitted along with the application. Proof of address as per KYC Norms. Introduction, Identity and Address proof By an account holder who has been subjected to full KYC procedure can introduce the prospective account holder. The introducer’s account with the bank should be atleast 6 months old and should have satisfactory transactions. Photograph of the customer who proposes to open the account and also his address needs to be certified by the introducer. OR Any other evidence as to the identity and address of the customer to the satisfaction of the bank.  Nomination   Nomination Available  Terms & Conditions   Terms & Conditions Balance not to exceed Rs.50000/- and total credit in a year not to exceed 1.00 lac. If the above limit exceeds, no further transactions will be permitted until the full KYC procedure is completed. Show All Saving Accounts ACCOUNTS BY BANKS ABN AMRO Allahabad Bank Andhra Bank AXIS BANK Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Catholic Syrian Bank Central Bank of India Centurion Bank of Punjab Citi Bank City Union Bank Ltd. Coastal Local Area Bank Ltd Corporation Bank Dena Bank Deutsche Bank Development Credit Bank Ltd. Dhanlaxmi Bank Federal Bank HDFC Bank HSBC Bank ICICI Bank IDBI Bank Indian Bank Indian Overseas Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka bank Karur Vysya Bank Kotak Mahindra Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Repco Bank Royal Bank of Scotland South Indian Bank Standard Chartered Bank State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank The Lakshmi Vilas Bank Limited The Saraswat Coop Bank Ltd UCO bank Union Bank of India Vijaya Bank YES Bank COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   EDITORS' PICKS Credit card finance charges in India: A... 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