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.
Hope you like this information. If you have any question or suggestion, then do share it by commenting.
And to get similar information, do the notification bell on.
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?