Canara Bank Account Opening For Minor

The ppf account interest rate may be changed once each quarter as per the decisions made by the finance ministry.

Canara bank account opening for minor.

As applicable to savings bank accounts click here periodicity of interest payment. Canara bank s savings account allows customers to save on a regular basis and earn interest of 3 5 to 4 p a. A guardian on behalf of a minor by declaring the date of birth of the minor. Junior the savings account for kids.

Welcome to canara bank ideal destination for personal banking need. Minor students above the age of 10 years can open and. 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. Application to open a canara basic savings bank deposit account should be made in the bank s prescribed form.

Let me open an another account for you. 1 fill up canara bank account opening form or submit the passbook. On the funds deposited. Canara junior saving account bank account in minor students own name with debit card.

The following are historical interest rates of ppf accounts held with canara bank. Ppf interest rates 2020. A customer opening a canara basic savings bank deposit account shall not have any other operative accounts with the branch bank. If the joint account holder does not have canara bank account.

Application in the banks prescribed form proof of identity address proof passport size photograph. Hope you are already a customer. If customers maintain a minimum balance of rs. 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.

Applicant should be a resident of india. Eligibility criteria for opening a canara junior account. 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. 25 000 the bank waves of charges for purchase of 2 dds of amounts up to rs.

Let me open an account for you. Requirements for opening account.