CANARA SUPER SAVINGS SALARY ACCOUNT

Eligibility

All Employers having number of employees 25 and above can open accounts of their employees under the scheme. However, if the number of employees are less than 25, opening the account may be considered on case to case basis.

Initial Deposit

Account can be opened with zero balance. The initial credit could be by way of cheque/credit of salary/other instruments, etc.

Minimum Balance

No minimum balance requirement.

Requirements for opening Account

Salary mandate from the employer for credit of salary into the Canara Super Savings Salary account is required.

Nature of Deposit

Running (Operating) Account

Rate of Interest

Rate of interest as applicable to normal SB account. Presently @ 3.5% pa.

Periodicity of Interest payment

Interest is payable half-yearly, every February and August on the minimum balance in the account, between the 10th and last day of the month

Special Rate For Senior Citizen

Not applicable

Special Rate For Bulk Deposits

Not applicable

TDS

Not applicable

Loan against Deposit

Not permitted

Facilities available

1. No minimum balance requirement
2. No ledger folio / transaction charges
3. Free Pass Book
4. Free Debit Card
5. Anywhere Banking
6. Free Internet & Mobile Banking (IMB)*
7. Free fund transfer under IMB upto Rs. 1 lac per day for own account and Rs.50,000 for third party account*
8. Free SMS alert for credits and withdrawals of more than Rs. 10000/-*
9. Online purchase of goods / booking tickets / making utility bills payment through Internet
10. Free telebanking services *
11. Online trading facility under De-mat *
12. Fund transfer through RTGS / NEFT at 50% concessional charge
13. Canara Mediclaim Health Insurance coverage at a competitive premium
14. Multi City Cheques facility **
15. Instant Credit of outstation cheques upto Rs. 15000/- subject to fulfilling the eligibility norms
16. No commission on 2 DDs/NEFT transactions upto Rs. 25000/- per month subject to maintenance of prescribed balance in the previous month
17. Sweep-in sweep-out facility above Rs. 15000/-
18. Standing Instruction facility
19. Nomination facility

 * Facilities presently available with CBS branches only.
** Presently available at select branches of 7 centres. For details contact your branch.

Cheque Book

Cheque book facility available.
Free cheque books with leaves upto 40 in Urban, Semi-urban and Metro branches and with leaves upto 60 in Rural branches Per Annum.

Application And Documents

Application
Specimen Signature Card
Form 60 or 61 (if customer does not have PAN Card)
Photograph of depositor/s (2 copies)
Proof of address as per KYC Norms
Salary Mandate

Application
Specimen Signature Card
Form 60 or 61 (if customer does not have PAN Card)
Photograph of depositor/s (2 copies)
Proof of address as per KYC Norms
Salary Mandate