Canara Bank offers a Zero Balance Savings Account with no minimum balance requirement.
The account can be opened by individuals, minors, and senior citizens.
The account provides a free Rupay Debit Card with daily withdrawal limit of Rs. 25,000.
Customers can avail free internet banking, mobile banking, and SMS banking facilities.
The account holder can deposit and withdraw money from any Canara Bank branch or ATM.
The account also offers a free passbook and e-statement facility.
Canara Bank Zero Balance Account holders can avail of free personal accident insurance cover of up to Rs. 2 lakhs.
The account is a basic savings account and does not provide overdraft or cheque book facilities.
The account can be converted to a regular savings account if the customer wishes to do so.
The account can be opened with basic KYC documents such as Aadhaar Card and PAN Card.