Canara Bank Salary Account

Canara Bank offers various Salary Accounts for employees to receive their salaries conveniently. They provide a range of benefits such as a zero balance account, preferential interest rates on loans, personalized services and access to various banking facilities. Canara Bank Salary Account aims to meet the financial needs of employees and offers features tailored specifically for salary earners. It is a reliable and efficient option for individuals looking for a dedicated account to manage their salary-related transactions and enjoy exclusive banking privileges.

Canara Premium Payroll Package - Gold

Canara Premium Payroll Package - Gold is a specially curated banking solution designed to fulfill the financial needs of employees. It offers a range of features, benefits and exclusive privileges to have a seamless banking experience and comprehensive services to its customers.

Features of Canara Premium Payroll Package - Gold

• Zero Balance Savings Account: Enjoy the benefits of a zero balance savings account without the need to maintain a minimum balance requirement.
• Attractive Interest Rates: Earn competitive interest rates on your savings to help your money grow over time.
• Premium Debit Card: Get access to a Rupay Platinum Debit Card with higher withdrawal limits and exclusive offers.
• Personalized Cheque Book: Receive a personalized cheque book to facilitate seamless transactions and payments. Free 200 cheque leaves/annum.
• Internet and Mobile Banking: Access your account anytime from anywhere through secure and user-friendly internet and mobile banking platforms.
• Easy Loan Approvals: Enjoy quick and simple loan approvals with preferential interest rates on various loan products.

Free Insurance under Canara Premium Payroll Package - Gold

• Free Term Life Insurance: Free Term Life Insurance of Rs.2 lakhs is given by the bank.
• Free Personal Accidental Insurance (PAI): Free Personal Accidental Insurance (PAI) of Rs.26 lakhs (incl. Rupay Platinum Debit Card coverage) and PAI for Spouse is of Rs.2 lakhs under Rupay Platinum Debit Card.
• Free Air Accidental Insurance (AAI): Free Air Accidental Insurance (AAI) of Rs.28 lakhs (incl. Rupay Platinum Debit Card coverage) and AAI for Spouse is of Rs.4 lakhs under Rupay Platinum Debit Card.

Eligibility

To be eligible for the Canara Premium Payroll Package - Gold, individuals need to be salaried employees with a regular and continuous source of income. Any firm or company with minimum 5 employees is eligible to open this account. The age of the employees should be from 18 to 65 years and the salary band of them should be from Rs.50,000 to Rs.1,00,000.

Documents Required

• Application in the Bank's prescribed form.
• Proof of Photo ID and address as per KYC Norms.
• Specimen Signature Card.
• Photographs of depositors.
• Salary Mandate from the employer for the credit of salary to the Canara Payroll Package account

Benefits of Canara Premium Payroll Package - Gold

Canara Premium Payroll Package - Gold offers several benefits to its customers, including:

• Credit card offer: Free issuance and 25% waiver on annual maintenance charges.
• Concession in processing charges: 25% concession in processing charges on Retail Loans.
• Preferential Rates and Charges: Avail preferential interest rates on loans, reduced processing fees and waivers on select charges.
• Locker Operations: Enjoy unlimited free locker operations.
• Convenient Banking Services: Benefit from convenient banking services such as free online fund transfers, bill payments and access to a wide network of ATMs and branches.
• Free Zero balance family accounts: You can open free zero balance Family Accounts for Spouse and 1 Child.
• Concession on locker rent: 5% concession on locker rent.

Rupay Platinum Debit Card Benefits

• Free Personal Accidental Insurance (PAI) of Rs.4 lakhs for self and of Rs.2 lakhs for spouse.
• Free Air Accidental Insurance (AAI) of Rs.8 lakhs for self and of Rs.4 lakhs for spouse.
• Cash Withdrawal/day: Rs.1,00,000 per day.
• POS Limit/day: Rs.5,00,000 per day.
• NFC(Contactless)/day: Rs.25,000 per day.
• Free unlimited debit card transactions at Canara Bank.
• Free Lounge access: 2 per Quarter at 20+ Domestic Airport Lounges and 2 per year at 500+ International Airport Lounges.
• Baggage Cover: Rs.25000.
• Purchase Protection: Rs.25000.
• Discounts & offers: Enjoy exclusive discounts, offers and privileges on partner merchants, lifestyle products, travel and entertainment.

Fees & Charges

• IMPS/NEFT/RTGS charges: Free
• SMS charges: Free
• Cheque Book: Free 200 cheque leaves/annum
• Demand Drafts: Two DDs free/month
• Resetting of IMB password: Free
• Locker Operations: Unlimited free

Canara Premium Payroll Package - Silver

Features of Canara Premium Payroll Package - Silver

• Zero Balance Savings Account: Enjoy the benefits of a zero balance savings account, eliminating the need to maintain a minimum balance requirement.
• Attractive Interest Rates: Earn competitive interest rates on your savings, helping your money grow over time.
• Premium Debit Card: Get access to a Rupay Platinum Debit Card with enhanced withdrawal limits and exclusive offers.
• Personalized Cheque Book: Receive a personalized cheque book to facilitate seamless transactions and payments. Free 200 cheque leaves/annum.
• Internet and Mobile Banking: Access your account anytime, anywhere, through secure and user-friendly internet and mobile banking platforms.
• Easy Loan Approvals: Enjoy quick and hassle-free loan approvals with preferential interest rates on various loan products.

Free Insurance under Canara Premium Payroll Package - Silver

• Free Term Life Insurance: Free Term Life Insurance of Rs.2 lakhs is given by the bank.
• Free Personal Accidental Insurance (PAI): Free Personal Accidental Insurance (PAI) of Rs.26 lakhs (incl. Rupay Platinum Debit Card coverage) and PAI for Spouse is of Rs.2 lakhs under Rupay Platinum Debit Card.
• Free Air Accidental Insurance (AAI): Free Air Accidental Insurance (AAI) of Rs.28 lakhs (incl. Rupay Platinum Debit Card coverage) and AAI for Spouse is of Rs.4 lakhs under Rupay Platinum Debit Card.

Eligibility

To be eligible for the Canara Premium Payroll Package - Silver, individuals need to be salaried employees with a regular and continuous source of income. Any firm or company with minimum 5 employees is eligible to open this account. The age of the employees should be from 18 to 65 years and the salary band of them should be up to Rs.50,000.

Documents Required

• Application in the Bank's prescribed form.
• Proof of Photo ID and address as per KYC Norms.
• Specimen Signature Card.
• Photographs of depositors.
• Salary Mandate from the employer for the credit of salary to the Canara Payroll Package account

Benefits of Canara Premium Payroll Package - Silver

The Canara Premium Payroll Package - Silver offers several benefits to its customers, including:

• Credit card offer: Free issuance and annual maintenance charges will be applicable.
• Locker Operations: Enjoy unlimited free locker operations.
• Convenient Banking Services: Benefit from convenient banking services such as free online fund transfers, bill payments and access to a wide network of ATMs and branches.

Rupay Platinum Debit Card Benefits

• Free Personal Accidental Insurance (PAI) of Rs.4 lakhs for self and of Rs.2 lakhs for spouse.
• Free Air Accidental Insurance (AAI) of Rs.8 lakhs for self and of Rs.4 lakhs for spouse.
• Cash Withdrawal/day: Rs.1,00,000 per day.
• POS Limit/day: Rs.5,00,000 per day.
• NFC(Contactless)/day: Rs.25,000 per day.
• Free unlimited debit card transactions at Canara Bank.
• Free Lounge access: 2 per Quarter at 20+ Domestic Airport Lounges and 2 per year at 500+ International Airport Lounges.
• Baggage Cover: Rs.25000.
• Purchase Protection: Rs.25000.
• Discounts & offers: Enjoy exclusive discounts, offers and privileges on partner merchants, lifestyle products, travel and entertainment.

Fees & Charges

• IMPS/NEFT/RTGS charges: Free
• SMS charges: Free
• Cheque Book: Free 200 cheque leaves/annum
• Demand Drafts: Two DDs free/month
• Resetting of IMB password: Free
• Locker Operations: Unlimited free

Salary Account Interest Rate