Canara Bank Mini mum Balance : What should be the minimum balance in Canara Bank? You have been given complete information in the article that canara bank mini mum balance is required . You have got all the information.
All the government and non-government banks in India, all have fixed a minimum balance limit in the account of their customers. And Canara Bank has also set a minimum balance limit for its customers.
What is Canara Bank Mini mum Balance?
All banks maintain a minimum balance limit . If this balance reduces the balance in your account, the bank charges you. Most banks that have a minimum balance limit keep 500 rupees or 1000 rupees.
Each bank has divided the minimum balance amount into 4 categories.
- rural area
- Semi-rural or semi-urban area
- Urban area
- Metropolitan area
Canara Bank has also set a limit for its account holders . Separate for rural area and separate for urban area, Canara Bank has kept minimum balance of Rs 500 for rural area and Rs 1000 for semi-urban, urban and metropolitan area.
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FAQs
1. Question: – Do I need to maintain a minimum balance for Canara Bank Savings Account?
Answer: – Yes, you have to maintain an average monthly balance of Rs 1000 (applicable for metro, urban and semi-urban branches) / Rs 500 (for monthly branches).
2. Question: – Is the Special Interest Rate applicable on Canara Bank Savings Account for senior citizens?
Answer: – There is no special rate applicable for senior citizens with this savings account.
3. Question: – What are the other facilities with this Canara Bank Savings Account?
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