Canara SB Power Plus is a Saving Bank account specially meant for the premier segment of customers.
Features
| Eligibility | · Resident Individuals
· Joint Accounts · Minors can open their account under their parents/guardian guidance. · Associations · Trusts · Institutions and Clubs etc · NRE /NRO customers |
| Initial Balance | Zero |
| Minimum Average Quarterly Balance | A balance of minimum Rs 1 lacs is to be maintained as average quarterly balance |
| Interest Rate | The interest rate is 4.00% per annum |
| Interest Payment | The interest is paid on a half-yearly basis. |
| TDS | Not applicable |
| Nomination Facility | Available |
| Loan Against Deposit | Not Applicable |
| Debit Card | Free, Platinum Debit Card with photo |
| Cash Withdrawal | · You can withdraw up to Rs 50,000 in any Canara Bank ATM. In case of other banks it depends on the bank’s rules for transaction
· Free cash withdrawal if it is done from any Canara Bank ATM. |
| Internet Banking Facility | Available |
| Mobile Banking Facility | Available |
| NEFT/RTGS | Free |
| Demand Draft Charges | Fully waived |
| Chequebook facility | Free, up to 300 cheque leaves per financial year |
| Auto Sweep-In/Out Facility | Auto Sweep In and Out facility is available and is undertaken on the consent of the depositor for balance beyond Rs 1 lacs. |
| Document Required | · Applicants Signature Card
· Copy of PAN card/Form 60 or 61 (in case of no PAN card) · 2 Passport size photograph · Identity Proof · Address Proof · For NRE customers : all documents above except PAN/Form 60 and 61. |
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