Canara Bank Account Opening For Minor

Minor students above the age of 10 years can open and.

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. Ppf interest rates 2020. Requirements for opening account. Applicant should be a resident of india.

Minor students should be above the age of 10 years. 25 000 the bank waves of charges for purchase of 2 dds of amounts up to rs. 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. Canara bank s savings account allows customers to save on a regular basis and earn interest of 3 5 to 4 p a.

Hope you are already a customer. Eligibility criteria for opening a canara junior account. We offers wide range of consumer banking services like savings account fixed deposit debit card loan mutual funds and many more that helps you meet personal financial needs. 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.

On the funds deposited. Let me open an another account for you. A guardian on behalf of a minor by declaring the date of birth of the minor. The following are historical interest rates of ppf accounts held with canara bank.

1 fill up canara bank account opening form or submit the passbook. Application to open a canara basic savings bank deposit account should be made in the bank s prescribed form. Application in the banks prescribed form proof of identity address proof passport size photograph. 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. Canara junior saving account bank account in minor students own name with debit card. If customers maintain a minimum balance of rs. Junior the savings account for kids.

If the person whom you want to add as a joint account holder does not have an account with canara bank then you need to fill up canara bank account opening form just like a new account holder does. Let me open an account for you.