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  • Zero balance account
  • Free one certificate course from Coursera for customers maintaining a QAB of Rs. 5000.
  • One more free course to be offered to the customers who are
    • Maintaining QAB above 25,000 and cross a threshold level for number of debit transactions of 50 in 6 months
    • For customers availing education loans.
  • Free Issuance of Rupay Platinum Millennial Card
  • Nil AMC on the debit card until the age of 28 for the customer.
  • Free SMS alerts
  • 0.50% concession in ROI of fresh education loan, over and above any existing concession for customers maintaining a QAB of Rs. 5000/-.
  • PAI cover of 6 Lakhs (Card based + Cancare Policy)
  • Card based offers on Amazon, Swiggy one, BookMyShow and Gaana
  • Airport Lounge Access

Services

Features

Eligibility

All Resident individuals in the age group 18-28 years

Minimum balance requirement

Nil (If course not availed from Coursera)

QAB Rs. 5000/- (If course availed from Coursera)

SMS Alerts

Free

Debit card

Rupay Platinum Millennial Card

Mobile Banking/Internet Banking

Available

NEFT/RTGS/IMPS/UPI/DD

Available

Debit Card Issuance charge

Nil

AMC of Debit Card

Nil until the age of 28

Cheque book

25 leaves free per annum free

Personal Accident Insurance

Self

Rs. 6 lakhs (card based* + Cancare policy)

Spouse

Rs. 2 lakhs (Cancare Policy)

Air Accident Insurance

Self

Rs.8 Lakhs (Cancare Policy)

Spouse

Rs.4 Lakhs (Cancare Policy)

Baggage Insurance

Rs 50,000/- (Cancare Policy)

Purchase Protection Cover

Rs 50,000/- (Cancare Policy)

Non-Maintenance of QAB charges

Nil (If course not availed from Coursera)

Up to Rs. 250/- (If course availed from Coursera)

Free certificate course from Coursera

Maximum of two courses subject to terms and conditions

ROI concession for Education Loan

Additional 0.50% concession over and above the existing ROI if any, for fresh education loan for customers Rs. 5000/- QAB. (Education loan sanctioned on or after opening of Canara Aspire account will be eligible for ROI concession)

Account Portability

From

From all accounts

To

  • Anytime to Premium Payroll Accounts after opening of Account
  • To all other accounts after 1 year of opening the account

Other conditions

  • Only one account per customer can be opened
  • Joint accounts are not allowed

Mode of Account Opening

CPH, Tab Banking, Online Account Opening through VCIP, Aadhar based A/c opening, Diya, KIOSK and through any other digital channels

Free ATM card access in our branch ATM per month

5 Transactions (Financial + Non-Financial)

Free ATM card access in other bank ATM per month

3 at metro and 5 at other centres

ATM Cash Withdrawal Limit

Rs.1,00,000/-

POS Limit

Rs.5,00,000/-

Account closure charges

(From 14 days till one year)

Rs. 500/- + GST (If course not availed from Coursera)

Rs. 1000/- + GST (If course availed from Coursera)

This product is suited for Resident individuals aged between 18 to 28 (both ages included).

  • Application in the Banks prescribed form.
  • Specimen Signature Card.
  • Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card).
  • Photograph of depositor/s (2 copies).
  • Proof of identity and address as per KYC Norms-  
  • Premium Rupay Millennial Platinum Debitcard with various benefits
  • To know about features offered by Rupay Platinum Debit Card Click here

Brand

Offer

Amazon

Flat 20% off up to INR 100; Min purchase- INR 129; every Friday, once a month

Gaana Subscription

Annual membership

Swiggy One lite

Annual membership (yearly 4 quarterly vouchers, effectively annual subscription)

Book My Show

Flat Rs. 250 off on minimum purchase of 2 movie tickets once per month

Lounge

2 Complementary domestic visits per quarter and 2 Complementary international visits per year – The list of participating lounges is available in Rupay website https://www.rupay.co.in/

PAI

Cover up to INR 2 lakhs

Charges for Non-Maintenance of Minimum Quarterly Balance:

(For customers availing Coursera course)

Average Quarterly Minimum Balance to be Maintained in the account against stipulated amount

Charges per Quarter on violation of Minimum QAB

Rs.4,999 to Rs.4,000

Rs.100

Rs.3,999 to 3,000

Rs.150

Rs. 2,999 to 2,000

Rs.200

less than Rs.2,000

Rs.250

Account closure charges
(From 14 days till one year)
Rs. 500 + gst (If course not availed from Coursera)
Rs. 1000 + gst (If course availed from Coursera)

All charges mentioned are exclusive of applicable GST.

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Last updated on 06-11-2024 01:58 PM

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