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CANARA JUNIOR SAVING ACCOUNT

CANARA JUNIOR SAVING ACCOUNT -

BANK ACCOUNT IN MINOR STUDENTS’ OWN NAME WITH DEBIT CARD

 



ELIGIBILITY

Minor Students above the age of 10 years can open and operate SB A/c in their own name, independently. 

 

Declaration to be obtained from parent / guardian.

 

Personalised Debit Card will be issued in Minor’s own name.

 

DEBIT CARD

Specially designed Personalized Debit Card to be issued in the name of minor students above the age of 10 years.

 

The maximum monthly withdrawal by Debit Card is restricted to Rs.5000/. 

 

WITHDRAWALS

Through withdrawal slip by the student by visiting the branch or through Debit Card in ATMs.

 

 

TRANSACITON LIMIT

The transaction and balance limit (including cash and transfer)  in the accounts would be as follows:

  1. Total Debit Transaction limit per month is Rs.10000/ including maximum monthly withdrawal limit by using Debit Card of Rs.5000/.

  2. Total Credit in such accounts should not exceed Rs.1 lakh per annum.

  3. Balance in the account not to exceed Rs.50000 at any point of time.

  4. Account to remain always in credit.

 

On attaining majority, the account can continue without restrictions.

 

FREE FUNDS TRANSFER FACILITY

Free fund transfer to colleges/educational institutions by way of DD or NEFT/RTGS (Cir 252/2013) subject to maximum withdrawal/ transfer of Rs.10000/.

SMS ALERTS

SMS alert to be sent to Mobile Number as provided in the declaration by the parent/guardian.

EDUCATION LOAN

Our Bank has attractive Educational Loan Scheme for students. Promote the same for higher education.

OTHERS

e-Info Book Facility available (Multi – lingual).

APPLICATION FORM

Prescribed Application Form

Declaration / Authorisation from the Parent

Passport size Photo – 2 Numbers

Address Proof / Know Your Customer Documents

Copy of Student ID Card OR Letter from the respective Educational Institution

CONTACT ANY OF OUR BRANCH FOR MORE DETAILS