Canara Bank Account Opening For Minor

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

Canara bank account opening for minor.

A customer opening a canara basic savings bank deposit account shall not have any other operative accounts with the branch bank. The ppf account interest rate may be changed once each quarter as per the decisions made by the finance ministry. Ppf interest rates 2020. Hope you are already a customer.

1 fill up canara bank account opening form or submit the passbook. Application in the banks prescribed form proof of identity address proof passport size photograph. A guardian on behalf of a minor by declaring the date of birth of the minor. 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.

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. Canara junior saving account bank account in minor students own name with debit card. 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. Junior the savings account for kids.

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 above the age of 10 years can open and. 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. Let me open an another account for you.

The following are historical interest rates of ppf accounts held with canara bank. On the funds deposited. Welcome to canara bank ideal destination for personal banking need. Let me open an 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. Canara bank s savings account allows customers to save on a regular basis and earn interest of 3 5 to 4 p a.

Requirements for opening account. Application to open a canara basic savings bank deposit account should be made in the bank s prescribed form.