Canara Champ Deposit Scheme is a Saving Bank Account specially meant for children. This scheme encourages the habit among young people to save money for future needs and utilise the money meaningfully.
Features
| Eligibility | Any children up to the age of 12 years is eligible to open this account. |
| Minimum Amount | The minimum deposit amount is Rs 100 to open this account |
| Non-maintenance Charges | There are no charges for non-maintenance of the account |
| Rate of Interest | The rate of interest presently is 4% per annum |
| Cheque Book | Cheque book are issued under this scheme |
| Nomination Facility | Available |
| Net Banking | Available |
| Stipulation | Minimum two credit in half a year :
Rural/Semi Urban Branches : Rs 500 Urban/Metro Branches : Rs 1000 |
| TDS | Not applicable, for Saving Bank Canara Champ Deposit Scheme |
| Chequebook/DD Collection | Free collection of chequebook and demand draft collection up to Rs 25,000 per annum. |
| Documents Required | · Passport size photograph
· Copy of PAN/Form 60 or 61 (in case there if there is no PAN card) · Proof of Identity · Address Proof · Application in Banks’ prescribed form. |
Schemes of Canara Bank
Canara Bank Jeevandhara SB Account for Senior Citizen Scheme
Canara Bank Small Savings Bank Deposit Scheme
Canara Bank Ashraya Deposit Scheme Interest Rates
Canara Bank Tax Saver Scheme – Interest Rates
Canara Bank NSIGSE Savings Bank Deposit Account
Canara Bank Basic Savings Bank Deposit Account
Canara Bank Recurring Deposits – Interest Rates
Canara Bank Savings Bank Gold Scheme
Canara Bank CanSaral Saving Bank Account
Canara Bank Payroll Package Saving Bank Account
Canara Bank Kamdhenu Deposit Scheme
Canara Bank Junior Saving Bank Account Scheme
