Eligibility

All Employers havingnumber of employees 25 and above can open their employees account under thescheme. However, if the numbers of employees are less than 25, opening of theaccounts is considered on case to case basis.

InitialDeposit

Account can be openedwith zero balance. The initial credit could be by way of cheque/credit ofsalary/other instruments, etc.

MinimumBalance

No minimum balancerequirement.

Requirementsfor opening Account

Salary mandate from theemployer for credit of salary into the Canara Super Savings Salary account isrequired.

Natureof Deposit

Running (Operating)Account

Rateof Interest

As applicable to normalSB account. Presently 4.00% per annum.

Periodicityof Interest payment

Interest is payablehalf-yearly, every February and August on daily balance basis

SpecialRate For Senior Citizen

Not applicable

SpecialRate For Bulk Deposits

Not applicable

TDS

Not applicable

Loanagainst Deposit

Not permitted

Facilitiesavailable

1. No minimum balance requirement
2. No ledger folio
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. 2 lac per day for own account and Rs.50,000 for third party account
8. Free SMS alert
9. Online purchase of goods / booking tickets / making utility bills payment through Internet  and debit cards
10. Free telebanking services
11. Online trading facility under De-mat  (for Joint Accounts – Trading Account in the sole name for First holder of Depository account.)
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

ChequeBook

Cheque book facilityavailable.

ApplicationAnd 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