Canara Bank Account Opening For Minor

The following are historical interest rates of ppf accounts held with canara bank.

Canara bank account opening for minor. 25 000 the bank waves of charges for purchase of 2 dds of amounts up to rs. Application in the banks prescribed form proof of identity address proof passport size photograph. Canara junior saving account bank account in minor students own name with debit card. A customer opening a canara basic savings bank deposit account shall not have any other operative accounts with the branch bank.

Let me open an account for you. A guardian on behalf of a minor by declaring the date of birth of the minor. Junior the savings account for kids. An individual should match the eligibility criteria that has been proposed by the bank if he she wants to open a canara junior account with canara bank.

Welcome to canara bank ideal destination for personal banking need. Hope you are already a customer. 1 fill up canara bank account opening form or submit the passbook. We offers wide range of consumer banking services like savings account fixed deposit debit card loan mutual funds and many more that helps you meet personal financial needs.

Minor students should be above the age of 10 years. Application to open a canara basic savings bank deposit account should be made in the bank s prescribed form. Applicant should be a resident of india. If customers maintain a minimum balance of rs.

Let me open an another account for you. Eligibility criteria for opening a canara junior account. If the joint account holder does not have canara bank account. On the funds deposited.

Canara bank s savings account allows customers to save on a regular basis and earn interest of 3 5 to 4 p a. The interest rate offered for canara bank ppf is 7 1 for the july september 2020 quarter it was fixed at 7 9 for january to march quarter. Ppf interest rates 2020. The ppf account interest rate may be changed once each quarter as per the decisions made by the finance ministry.

As applicable to savings bank accounts click here periodicity of interest payment. If the person whom you want to add as a joint account holder does not have an account with canara bank then you need to fill up canara bank account opening form just like a new account holder does.