Basic Savings Bank Deposit Account

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Basic Savings Bank Deposit Account

Canara Basic Savings Bank Deposit Account offers zero balance banking with free transactions, easy access, and essential banking benefits for all.

  • cheque availibilty
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Details for Basic Savings Bank Deposit Account

Canara Basic Savings Bank Deposit Account is a zero-balance account designed for hassle-free banking. Enjoy free deposits, withdrawals, and essential banking services with no minimum balance requirement. Ideal for individuals seeking basic yet efficient banking with financial security and convenience.

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Interest Rate

4 % p.a.

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • 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.

Additional Benefits

  • The deposit of cash at bank branch as well as ATMs/CDMs.
  • Receipt / Credit of money through any electronic channel or by means of deposit / collection of cheques drawn by Central/State Government agencies and departments
  • No limit on number and value of deposits that can be made in a month
  • Account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals
  • ATM Card or ATM-cum-Debit Card
  • Pass book, Internet and Mobile Banking, transfer of account from one branch to another, Standing Instruction, etc.
  • Withdrawal permitted through Withdrawal Order Form, Cheque and ATM cum Debit Card.

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