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Canara Premium Current Account

CANARA PREMIUM CURRENT ACCOUNT

ELIGIBILITY

Individuals, Joint accounts (not more than 4), Proprietory concerns, partnership firms, HUF, Public and Private Limited Companies, Registered or Unregistered Societies or Association, Trust/Provident Fund, Executors/ Administrators, Govt./Semi Govt. Dept, Taluk /District boards, Charitable & Religious Institutions. For existing customers, CUSTOMER REQUEST need only be obtained.

SPECIAL ACCOUNTS

Provident fund, Accounts of School/Red Cross Society Accounts of Post office, Accounts for issue of Dividend /Interest warrants

DOCUMENTS REQUIRED FOR OPENING THE ACCOUNT

Application, Address proof, Photos, Introduction Memorandum and articles of association, Certificate of commencement of business, Certificate of commencement of business Partnership deed, (wherever required) certificate of incorporation and Board Resolution.

INITIAL BALANCE

Minimum Rs. 50,000/-

BALANCE IN THE ACCOUNT

Minimum average monthly balance of Rs.50,000/-

PERIODICITY OF DEPOSIT

Running (Operative) Account

INTEREST

Not eligible for interest

TDS

Not applicable

BCTT

Applicable to all over India except Jammu & Kashmir

The limit specified for the withdrawal/receipt is as under:

A/c maintained by (excluding SB accounts)

Limit for withdrawal/receipt of cash

Any individual or HUF

Rs. 50,000/-

Any other person

Rs. 1,00,000/-

NOMINATION FACILITY

Available – Individual Accounts, Joint Accounts, Proprietorship Accounts.

Not available for a/cs held in representative capacity, partnerships, Joint Stock Companies, Associations, Clubs and other organizations.

LOAN FACILITY

Not applicable

VALUE ADDED FACILITIES

  • DD facility at 50% concession
  • Funds transfer under NEFT and RTGS (Canspeed) at 50% concession
  • Free Debit Card (as per Bank's rules for issue of Debit Cards)
  • Issue of free Credit Card to the 1st account holder (for others as per existing rules of the Bank)
  • Waiver of DEMAT account opening charges
  • Free Anywhere Banking (AWB) facility
  • Sweep-in Sweep-out facility: Sweep-in into term deposit of amounts beyond Rs.1,00,000/- at the request(one time) of the customer mentioning the tenor of the term deposit.
  • Name printed cheque book.
  • Free funds transfer facility through our Internet Banking
  • Free Telebanking facility
  • No ledger folio charges.

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
Any other related documents applicable to proprietor ship concern, Partnership Firm, Company, HUF etc.
For existing customers, CUSTOMER REQUEST need only be obtained.