Canara NSIGSE Savings Bank Deposit Account

Eligibility Criteria for Opening an Account

• All SC/ST girls who pass class VIII.
• Girls who pass class VIII Examination from Kasturba Gandhi Balika Vidyalayas (irrespective of whether they belong to SC/ST) and enroll for class IX in State/UT Government, Government Aided or local body Schools in the Academic year 2008-09 onwards.
• State/UT Governments, Schools controlled and managed by State Governments, Local Bodies and Aided Private Schools and Panchayati Raj Institutions will be the Implementing Agencies to identify the beneficiaries under the Scheme.

Additional Benefits

• A SB product designed as per directives of the Ministry of Human Resources Development, Government of India to reduce School dropouts and to promote the enrolment of girl child belonging to SC/ST communities in Secondary Schools.
• Deposit and withdrawal of cash at bank branches, receipt/credit of money through Electronic payment channels or by means of deposit/ collection of cheques, etc.
• No charge will be levied for non-operation/ activation of inoperative Canara NSIGSE Savings Bank Deposit account.
• The account will not be classified as inoperative when the same is not operated for two years or more.
• Avail Debit Cards.
• Security of Funds.
• Avail Digital Banking Services.
• No Stipulation of any minimum balance in the account.