Basic Savings Bank Deposit Account | Canara Saving Account

An individual in his/her name.
More than one individual jointly, operated by and/or payable to one or more of them.
A guardian on behalf of a minor, by declaring the date of Birth of the minor.
A customer opening a Canara Basic Savings Bank Deposit Account shall not have any other operative accounts with the Branch/Bank.

A SB product designed for the common man to provide Basic Banking facility as part of the financial inclusion objective of RBI.

The deposit of cash at bank branch as well as ATMs/CDMs.
Receipt / Credit of money through any electronic channel or by means of deposit / collection of cheques drawn by Central/State Government agencies and departments
No limit on number and value of deposits that can be made in a month
Account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals
ATM Card or ATM-cum-Debit Card

The above facilities will be provided free of charges without any requirement of minimum balance

Other Facilities :
- Nomination Available.
- Pass book, Internet and Mobile Banking, transfer of account from one branch to another, Standing Instruction, etc.
- Withdrawal permitted through Withdrawal Order Form, Cheque and ATM cum Debit Card.

Maximum 4 withdrawals per month including drawings through ATM free of charge. Withdrawals exceeding 4 per month would be levied a service charge at the rate not exceeding Rs.5/- per withdrawal.(For more details, please refer Service Charges Page).
The above charge of Rs.5/- will not be levied for any type of debit transactions (exceeding the prescribed minimum four free transactions in a month) for transactions where normal charges are collected for services extended such as- Cash Withdrawal through channels such as ATM, POS, RTGS, NEFT, Clearing, Transfer, Internal Debit, Standing Instructions, EMIs, DD, BC transactions.

Savings Bank Account