Canara Bank has been in the forefront in extending various need based ancillary services to customers. One such specialised service is the Executor, Trustee, Taxation and Attorneyship services that the Bank has been offering for more than three decades now.
A later unique addition to our services to the Corporate Sector is the Debenture Trustee services and Security Trustee services.
These services are unique in nature and are not available at several other banks.
These services are aimed at caring for the personal needs of the customer and enhancing customer satisfaction. For example, drawing up a Will and acting as executor of the Will for a customer, which is crucial to a person's wealth and assets, gives him a great relief and confidence.
Our other services referred above are also of great value.
The advantages of appointing the Bank as Executors and Trustees are as follows:
Our services include preparation of income tax and wealth tax returns and filing the returns. These services are offered at nominal charges based on the work load involved in each case. The assistance is extended at present only to customers having income under the heads salary, house property, capital gain and income from other sources. This is very useful service to non-residents who have income in India, as their income is subject to tax deduction at source itself even if their total Indian income is less than maximum amount not chargeable to tax. In case of retired persons and other salaried persons also these services will be of immense use as they can rest by entrusting the work of filing income tax and wealth tax return to the institution which possesses the expertise to deal with such situation. Given the authority and details of sources, we ourselves will collect the income details from various sources and ensure proper filing of tax returns within stipulated time.
TAX ASSISTANCE SERVICES:
Come March! Every one gets worried about filing his Tax returns!
Absence of your Will can result in your wife and children benefiting quite differently from your intentions.
Wisdom lies in making the right choice at right time.
LET CANARA BANK BE YOUR CHOICE, EXECUTOR & TRUSTEE FOR YOUR WILL.
Make your Will today and relieve your dear ones of added troubles and anxieties.
A will is a document where an individual leaves instructions for disposal of his/her properties after his/her death.
CANARA BANK undertakes appointment in the following and similar capacities.
"Share your wealth with the poor and needy for getting salvation" .
Driven by this noble thought, many a customer would like to create a charitable trust for the benefit of poor and needy.
The bank acts as Trustees for public, charitable religious and other trusts. It also acts as trustees of a settlement, Trustees of a minor's legacy, custodian trustee of properties held under Trusts of any description like pension, provident and gratuity fund.
The Bank if appointed as Trustee, assists the settler/author in:
We are SEBI registered Debenture Trustees. We accept debenture trusteeship of debentures / bonds issued under private placement.
We advise the Debenture / Bond Issuers (Public / Private company, Govt / Semi Government bodies) on
We are unique in this line and are equipped with
We accept Security Trusteeship assignment for the loans / advances granted by any Bank / Financial Institution (including loan granted by our Bank) to any corporate body.
Under Security Trusteeship ;
We are better equipped with
Our Power of Attorney service is a specialized service to help both our non-resident and resident customers, who find it difficult to operate / monitor their accounts / investments personally. After we obtain power of attorney from the customer in our favour, we execute his/her instructions regarding his / her investments promptly and meticulously.
Executing a Power of attorney with us for this purpose is a simple and inexpensive process, which can be completed in no time.
|ALL THE ABOVE SERVICES ARE FEE BASED AND REASONABLE SERVICE CHARGES, AS PER BANK'S TERMS, APPLICABLE FROM TIME TO TIME.
KINDLY TAKE UP WITH CONTACT PERSON FOR ALL YOUR NEEDS.
For any further details, please contact
ASSISTANT GENERAL MANAGER
EXECUTOR, TRUSTEE & TAXATION SECTION,
FM WING, HEAD OFFICE
112. J C ROAD. BANGALORE . 560002.
Executor, Trustee & Taxation Section,
51, Stock Exchange Towers
I Cross, J C Road
BANGALORE – 560 027
Phone: 91-80-22223170 / 22239186
Catalogue on Personal Tax Planning is available both in HTML and PDF formats under the section
Customer Support - Downloads