Canara Bank Account Opening For Minor

As applicable to savings bank accounts click here periodicity of interest payment.

Canara bank account opening for minor.

Applicant should be a resident of india. Ppf interest rates 2020. Minor students should be above the age of 10 years. Hope you are already a customer.

Canara bank s savings account allows customers to save on a regular basis and earn interest of 3 5 to 4 p a. 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. Application to open a canara basic savings bank deposit account should be made in the bank s prescribed form. Let me open an another account for you.

If customers maintain a minimum balance of rs. If the joint account holder does not have canara bank account. Eligibility criteria for opening a canara junior account. On the funds deposited.

Canara junior saving account bank account in minor students own name with debit card. 25 000 the bank waves of charges for purchase of 2 dds of amounts up to rs. Requirements for opening account. Welcome to canara bank ideal destination for personal banking need.

Application in the banks prescribed form proof of identity address proof passport size photograph. Junior the savings account for kids. A customer opening a canara basic savings bank deposit account shall not have any other operative accounts with the branch bank. 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.

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. The ppf account interest rate may be changed once each quarter as per the decisions made by the finance ministry. Minor students above the age of 10 years can open and. Let me open an account for you.

The kotak mahindra bank junior account is specifically designed to teach your children the benefits of saving while also providing a host of privileges across dining edutainment and shopping on kids brands. The following are historical interest rates of ppf accounts held with canara bank.