• Free Personal Accidental Insurance with Master Card World Debit Card.
  • Nil Rental for One POS terminal.
  • Nil Rental for two Sound Box.
  • 25% concession on applicable MDR charges.
  • Unlimited Free Locker Operations.
  • Free NEFT/RTGS/IMPS.
  • Free SMS alerts.
  • Free Personalised Cheque Books up to 500 leaves per annum.
  • Auto sweep facility available.
  • Free Demand Draft Facility.

Purpose

To cater the needs of premier segment of customers, who maintain quarterly average balance of Rs.1.00 Lac and above.

POS Terminal Rent

Nil rental for One POS.

BHIM QR Sound Box

Nil rental for two Sound box

POS-MDR

25% concession on applicable MDR charges

SMS Alerts

Nil Charges

NEFT/RTGS/IMPS

Nil Charges

Demand Draft Facility

Nil Charges

Name Printed Cheques

Nil Charges up to 500 leaves per annum

Debit Card

Master card World Debit Card. Personal accidental insurance cover available as an in-built facility under Mastercard World Debit card (existing coverage ranges from Rs. 2 lacs to Rs. 8 lacs for self / spouse).

Locker Operations

Nil Charges

Auto sweep / Reverse Sweep

Auto Sweep facility available.

Product Convertibility

Portability is available from General Current Account products to Canara Privilege and vice versa.

Current Account for premier segment of customers, maintaining quarterly average balance of Rs.1.00 Lac and above.

  • Application in the Banks’ prescribed form.
  • Proof of Photo ID and address as per KYC Norms and other relevant documents related to business / profession.
  • Specimen Signature Card.
  • Copy of PAN Card or Form 60/61 (if customer does not have PAN Card).

Minimum Balance Requirement: Quarterly average balance of Rs.1.00lac & above

Non Maintenance of Minimum Balance: Charge of ₹1000/ plus GST per Quarter for the quarter of non-maintenance.

If the Balance required is not maintained for more than a quarter, additional/concessional facilities provided under product will be withdrawn.

Additional/concessional facilities can be restored for next quarter based on regularization of quarterly balance in the concluded quarter.

Account Closure Charges: Penalty of Rs.2000.00 + Service Charges, if account closed before one year.