• Canara

  • Basic Savings Bank Deposit Account

The following facilities will be provided in a BSBD account, free of charge, without any requirement of minimum balance to be maintained in such an account.

  • Deposit of cash.
  • Receipt of money through any electronic channel or deposit / collection of cheques.
  • No limit on number and value of deposits that can be made in a month.
  • ATM Card or ATM-cum-Debit Card. Further, no charges shall be levied towards annual fee, either at the time of issuance or renewal.
  • Cheque book with minimum 25 cheque leaves per year.
  • Internet and mobile banking facility.
  • Passbook or monthly statement of account in lieu of passbook, either in print or by email, as per request of the account holder. Further, issuance of a continuation passbook, on exhaustion of the pages in the previous passbook, shall not attract any charge.
  • Minimum of four free withdrawals, including transfers and ATM transactions (done either at the bank’s own ATM or another bank’s ATM), in a month. Digital payment transactions excluding ATM transactions, i.e., Point of Sale transfers, NEFT, RTGS, UPI, IMPS, etc., shall not be counted as withdrawals for this purpose. The charges on digital payment transactions shall be in accordance with guidelines issued by Department of Payment and Settlement Systems, Reserve Bank / National Payments Corporation of India / Government of India, as applicable.
  • A SB product designed for the common man to provide Basic Banking facility as part of the financial inclusion objective of RBI.
  • An individual in his/her name.
  • More than one individual jointly, operated by and/or payable to one or more of them.
  • A guardian on behalf of a minor, by declaring the date of Birth of the minor.
  • A customer opening a Canara Basic Savings Bank Deposit Account shall not have any other operative accounts with the Branch/Bank.
  • Application as per Bank’s prescribed form.
  • Two recent passport size photographs.
  • Proof of Identity and Proof of Address as per KYC norms.
  • Maximum 4 withdrawals per month including drawings through ATM free of charge. Withdrawals exceeding 4 per month would be levied a service charge at the rate not exceeding Rs.5/- per withdrawal.(For more details, please refer Service Charges Page).
  • The above charge of Rs.5/- will not be levied for any type of debit transactions (exceeding the prescribed minimum four free transactions in a month) for transactions where normal charges are collected for services extended such as- Cash Withdrawal through channels such as ATM, POS, RTGS, NEFT, Clearing, Transfer, Internal Debit, Standing Instructions, EMIs, DD, BC transactions.