Canara NSIGSE Savings Bank Deposit Account

Documents required for opening a Canara NSIGSE Savings Bank Deposit Account:

There are a few documents that are required by the bank to open a Canara NSIGSE Savings Bank Deposit Account. The customer should submit the following documents when opening a Canara NSIGSE Savings Bank Deposit Account:

1. The application form for opening a Canara NSIGSE Savings Bank Deposit Account should be duly filled and submitted at the nearest branch of Canara Bank
2. 2 coloured passport size photographs are required
3. Copy of the student’s identity card (ID) which has been attested by the concerned school authorities (ID should contain necessary details about the student like name, date of birth, etc.)
4. Address proof in the form of a voter’s card, driving licence, or a recent utility bill
5. If the applicant is a minor, a no-objection letter will be required by the applicant’s natural guardian stating that the minor is updated on any information pertaining to the opening of a Canara NSIGSE Savings Bank Deposit Account

Features and benefits of Canara NSIGSE Savings Bank Deposit Account:

The NSIGSE Savings Bank Deposit Account which is offered by Canara Bank comes with the following listed benefits:

1. Easy access to money: The bank provides a number of ATMs that can be accessed by the bank’s customers. An individual who possesses a NSIGSE Savings Bank Deposit Account can use their card to withdraw money from any ATM belonging to Canara Bank or any of its associated banks.
2. Minimum balance: The account will still remain active even if the account has no money in it. The account can still be maintained with a zero balance.
3. Non-operational charges: There are no charges that are levied on a customer due to non-operation of the Canara NSIGSE Savings Bank Deposit account. The account will remain active even after two or more years of non-activity.
4. Electronic payment channels: There are a number of electronic channels that can be employed to transfer cash into your Canara NSIGSE Savings Bank Deposit Account. Net banking, collection or deposit of cheques (cheques are issued after the student becomes an adult), withdrawal of cash using withdrawal slips, etc. are a few ways mentioned that will help you manage your money.

Other Facilities:

1. Standing instruction
2. Transfer ability
3. Nomination facility

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.