The TruEdge Current and Savings Account is crafted to meet the unique banking needs of institutions, offering a dynamic range of benefits that scale with your Monthly Average Balance (MAB). With no initial deposit required and a suite of value-added services, TruEdge is the perfect solution for educational institutions, trusts, societies, and more.

Zero Initial Deposit	Open your account with no upfront payment.
Unlimited Free Transactions	Enjoy unlimited free NEFT, RTGS, IMPS, and UPI transactions across all tiers.
Cash Handling Waivers	Benefit from waivers on cash handling charges based on your previous month’s Monthly Average Balance (MAB).
Tiered Benefits That Grow with You	Unlock higher-value rewards as your MAB increases, such as waivers on cash handling, discounts on POS machine rentals, and reduced Merchant Discount Rates (MDR).
Real-Time SMS Alerts	Stay informed with unlimited free SMS alerts on all transactions—anytime, anywhere.
Bank Anywhere in India	Access selected services like deposits, transfers, and inquiries at any Canara Bank branch—no "home branch" restrictions.
Free POS & BHIM QR Devices	Receive up to 3 free POS machines and 5 free BHIM QR soundboxes.
Unlimited Cheques & Demand Drafts	Enjoy unlimited cheque leaves and free demand drafts.
Smart Tech Tools for Institutions	ERP software at exclusive rates for schools, hospitals, Housing Societies and other institutions. API banking for seamless integration. Payment Gateway & BBPS for fast, secure transactions.
Simplify Fee Collection	Use Canara Easy Fee, our free, white-label fee collection tool for educational institutions—collect and manage fees easily and securely.
Enhance Learning with Coursera	Empower your students and staff with free Coursera courses (limited period offer), a value-added educational boost for qualifying institutions.
Exclusive Benefits for Office Bearers	Complimentary premium debit cards for office bearers, linked to their personal Canara Savings Bank accounts.
Personalized Service	Enjoy support from a dedicated Relationship Manager to help manage your account efficiently.
Flexibility	Seamless account portability and non-home branch banking services.

The TruEdge account provides a robust set of features tailored for institutional banking:

Features	Tier - 0	Tier - I	Tier - II	Tier - III	Tier -IV
Eligibility	All trusts, associations, societies, and clubs – primarily targeted at educational institutions
Initial Deposit	Rs. ‘Zero’
Monthly Average Balance Requirement Slab	Less than Rs 50,000/-	Rs. 50,001/- to Rs.2,00,000/-	Rs. 2,00,001/- to Rs. 5,00,000/-	Rs. 5,00,001/- to Rs.10.00,000/-	Above Rs. 10,00,000/-
ERP solution	At concessional rate
Coursera Course for Institutions (Limited period Offer)	Nil		Maximum upto 1000 per institute on maintaining balance upto June’25
Easy Fee - White label solution for Education institution for fee collection	Solution Provided for Free		Solution Provided for Free	Solution Provided for Free	Solution Provided for Free
Folio Charges	Waived		Waived	Waived	Waived
Cash Handling Charges	1 Lakh per day		up to 5 times of the previous month MAB per month. Daily Cash Handling of 10 lakhs with upper cap of 1 Crore in month	up to 5 times the previous month MAB per month. Daily Cash Handling of 10 lakhs with upper cap of 1 Crore in month	up to 5 times the previous month MAB per month. Daily Cash Handling of 10 lakhs with upper cap of 1 Crore in month
POS rent	Standard Charges		1 POS free*	2 POS free*	3 POS free
Soundbox	Standard Charges		1 Soundbox free*	3 Soundbox free*	5 Sound Box free
MDR Charges^#	Standard Charges		Standard Charges	25% waiver on MAB as on previous month	50% waiver on MAB as on previous month
Dedicated Relationship Manager	No		No	No	Yes
SMS alert	Unlimited
NEFT/RTGS/IMPS/UPI	Unlimited
Cheque Book	Unlimited
Demand Draft irrespective of Numbers and amount	Standard Charges		Unlimited	Unlimited	Unlimited
Account Portability	Permitted
Account operation Updation (Updation of AUS, Operating instruction etc…)	Waived
Account Closure Charges	Rs 499 + GST if closed after 14 days and within one year from date of opening
Shortfall of Previous Month Average Balance (MAB)	1. Previous MAB < 25,000/- Charges of Rs.99 + GST 2. Previous MAB < 50,000/- Charges of Rs.49 + GST
Complimentary Premium Debit Card	Will be extended to the office bearers linking the debit card to their individual SB account

#Applicable MDR charge will be settled on a monthly basis subject to terms and conditions – MDR charges as per extant guidelines POS and Sound box rent on tier downgrade – applicable as per extant guidelines

The TruEdge account is available to the following institutions:

Sole Proprietary Concerns
Partnership Firms
Limited Liability Partnerships
Private and Public Limited Companies
Public Corporations
Registered Societies/Associations/Clubs
Trusts/Provident Funds
Government/Semi-Government Bodies
Charitable and Religious Institutions

To open a TruEdge account, institutions must submit:

Sl No	Type of Entity	Document Checklist
1.	Associations, Clubs, Societies, and Other Registered Bodies	Completely filled in Registered Entity Account Opening Form (NF 1095) Copy of Registration Certificate. Copy of Memorandum of Association. Resolution of the managing body of the foundation/association. Copy of By-laws and resolution regarding the conduct of the account and the authorised signatories to transact on behalf of the entity. (Appendix III) Valid Address Proof of the entity if different from that of above documents. PAN or Form 60 as per Income Tax Rules, 1962 GSTN certificate (if available) Telephone bill in the name of the entity Valid Address proof in case the address of business is different from that of certificate of registration. Documents to be submitted by the authorised signatories: Aadhaar Number (or proof of application for Aadhaar if not assigned) 2 passport size photos PAN or Form 60 as per Income Tax Rules, 1962 If Aadhaar/PAN not available, a Copy of an OVD Attested photostat copies of the above documents.
2.	Trusts	Completely filled in Registered Entity Account Opening Form (NF 1095) Copy of Registration Certificate Copy of Trust Deed Copy of By-laws and resolution regarding the conduct of the account and the authorised signatories to transact on behalf of the entity. (Appendix III) Letter to be obtained from trustees. (Appendix IV) PAN or Form 60 as per Income Tax Rules, 1962 GSTN certificate (if available) Documents to be submitted by the authorised signatories: Aadhaar Number (or proof of application for Aadhaar if not assigned) 2 passport size photos PAN or Form 60 as per Income Tax Rules, 1962 If Aadhaar/PAN not available, a Copy of an OVD Attested photostat copies of the above documents.
3.	Limited Liability Partnerships (LLPs)	Completely filled in Registered Entity Account Opening Form (NF 1095) Copy of incorporation documents filed with Registrar of Companies Registration Certificate issued by Registrar of Companies Copy of LLP Agreement signed by all partners (or Schedule I of LLP Act if no agreement exists) Copy of By-laws and resolution regarding the conduct of the account Partnership letter (NF 111) GSTN certificate (if available) Authority Letter signed by all partners designating partner(s)/employee of the firm to operate the account Telephone bill in the name of the firm/partners Documents to be submitted by the authorised signatories & the partners: Aadhaar Number (or proof of application for Aadhaar if not assigned) 2 passport size photos PAN or Form 60 as per Income Tax Rules, 1962 If Aadhaar/PAN not available, a Copy of an OVD Attested photostat copies of the above documents.
4.	Partnership Firms	Completely filled in Registered Entity Account Opening Form (NF 1095) Copy of Registration Certificate Copy of Partnership Deed Copy of By-laws and resolution regarding the conduct of the account and the authorised signatories to transact on behalf of the entity Partnership letter (NF 111) GSTN certificate (if available) Authority Letter signed by all partners designating partner(s)/employee of the firm to operate the account PAN of the entity Telephone bill in the name of the firm/partners Documents to be submitted by the authorised signatories & the partners: Aadhaar Number (or proof of application for Aadhaar if not assigned) 2 passport size photos PAN or Form 60 as per Income Tax Rules, 1962 If Aadhaar/PAN not available, a Copy of an OVD Attested photostat copies of the above documents.
5.	Sole Proprietary Concerns	Completely filled in Registered Entity Account Opening Form (NF 1095) Any two of the following documents in the name of the proprietary concern: Registration Certificate (if registered) Certificate/Licence issued by Municipal Authorities under Shop & Establishment Act Income Tax Returns Proprietorship letter (NF 110) GSTN certificate (if available) Certificate/Registration document issued by Professional Tax Authorities Licence/Certificate of Practice issued by professional bodies (e.g., ICAI, ICMAI, ICSI, Indian Medical Council, Food and Drug Control Authorities) Complete Income Tax Return (not just acknowledgment) reflecting the firm's income, authenticated by Income Tax Authorities Utility bills (electricity, water, landline telephone) in the name of the proprietary concern IEC (Importer Exporter Code) issued by the Office of DGFT OVD applicable to the individual (proprietor) Attested photostat copies of the above documents Note: If only one document is provided, the branch may accept it after contact point verification to confirm the business activity and address.
6.	Companies	Completely filled in Registered Entity Account Opening Form (NF 1095) Certificate of Incorporation Memorandum and Articles of Association Resolution of the Board of Directors to open an account and identify authorized signatories. PAN of the company GSTN certificate Documents to be submitted by the authorised signatories: Aadhaar Number (or proof of application for Aadhaar if not assigned) 2 passport size photos PAN or Form 60 as per Income Tax Rules, 1962 If Aadhaar/PAN not available, a Copy of an OVD Attested photostat copies of the above documents.
7.	Government, Departments, Societies, Universities	Completely filled in Registered Entity Account Opening Form (NF 1095) Document showing the name of the person authorized to act on behalf of the entity and conduct of the account. Documents to be submitted by the authorised signatories: Aadhaar Number (or proof of application for Aadhaar if not assigned) 2 passport size photos PAN or Form 60 as per Income Tax Rules, 1962 If Aadhaar/PAN not available, a Copy of an OVD Documents required by the bank to establish the legal existence of the entity/juridical person Attested photostat copies of the above documents.

Note: Ensure all documents are current and valid. For any clarifications, please contact your nearest Canara Bank branch.

Monthly Average Balance (MAB):	Benefits are tied to the MAB maintained in the previous month. The account opening month is a buffer period; MAB calculation starts from the first of the following month. Tier System Tier I: Rs. 50,000 - Rs. 2,00,000 Tier II: Rs. 2,00,001 - Rs. 5,00,000 Tier III: Rs. 5,00,001 - Rs. 10,00,000 Tier IV: Rs. 10,00,001 and above Non-Maintenance Charges Previous MAB < Rs. 25,000: Rs. 99 + GST Previous MAB < Rs. 50,000: Rs. 49 + GST
Account Closure	Rs. 499 + GST if closed between 14 days and one year from opening.
Additional Terms	The bank reserves the right to amend these terms. Standard banking policies apply.

For more information, visit your nearest branch or contact customer service.