Eligibility

All Employers having number of employees 25and above. 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

As applicable to normal SB account. Presently 4.00% per annum.

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

 * Facilities presently available with CBS branches only.

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