Canara Bank Online Account Opening

[Manoj Kohli]

Canara Bank is one of the oldest Banks of India with over 9500 branches. If you wish to open a Canara Bank account online, you can choose between the following two types of bank accounts:

• Canara SB Select
• Canara SB General

Please note that a zero-balance account cannot be opened online. However, I will discuss a way to convert your account into a zero-balance account after it is opened.

Features of Canara SB General v/s Canara SB Select​

Feature	Canara SB General	Canara SB Select
Minimum Balance	Average Monthly Balance of: Rs. 2000/- for Urban/Metro branches, Rs. 1000/- for Semi-Urban branches,and Rs. 500/- for Rural branches	Average Monthly Balance of: Rs. 25,000/- for Metro branches, Rs. 20,000/- for Urban branches, Rs. 15,000/- for Semi-Urban branches,and Rs. 10,000/- for Rural branches.
Free Debit Card	Yes (Rupay Classic)	Yes (Rupay Platinum - Free if minimum balance maintained)
Free NEFT/RTGS/IMPS	Limited free withdrawals, charges apply after limit	Free
Free SMS alerts	Charges may apply	Free
Locker Facility	Not free	Free Unlimited Operations
Cheque Book	ye, but charges required	Free 25 cheque leaves per year
Internet Banking	Available (charges may apply for transactions)	Available (Free)
Mobile Banking	Available (charges may apply for transactions)	Available (Free)
Charges on Non-Maintenance of Minimum Monthly Average Balance	₹50 - ₹60 per month	₹50 - ₹60 per month
Interest Rate	2.90%(upto 5 crores)	2.90%(upto 5 crores)

​

Eligibility Criteria​

• Resident of India: You must be a resident of India to open these accounts.
• Individuals: These accounts are primarily for individual account holders.
• Joint accounts: You can open a joint account with a maximum of four people.
• Minors: A guardian can open an account on behalf of a minor.
• Other entities: For entities like associations, trusts, institutions, or clubs, you might need to inquire with the bank directly about the specific requirements and documents needed.

​

Documents Required for Online Account Opening​

• Aadhar Card (kyc)
• Pan Card (kyc)

​

Process to Open a Canara Bank Account Online ?​

• Search ONLINE ACCOUNT OPENING - CANARA BANK on google
• Account opening page of canara bank will open
• Scroll down and you will find open account button , click on that button
• Select your language page will appear , select the desired language in which you want to fill the form and then select DONE button
• Type in the phone number which is linked with your Aadhaar Card and click on the submit button
• Select the check box and then click on the otp button to get OTP for mobile verification
• Type in the OTP and select the OTP verify button and your OTP will be verified
• Now for email verification,type the email address and then click on the get OTP button
• Type in the OTP that you will receive in the mail and click on the verify OTP button and after email and phone verification , click on the SAVE button to proceed
• Select the type of account that you want to open (SB Select/ General Account)
• Fill in the Aadhar Number and select the checkbox
• Scroll down and select the GET OTP option
• Type the OTP for Aadhaar verification and click on the verify OTP button to get the OTP verified.
• Now fill in the PAN number , and then click on the check box and then click the verify PAN option.
• After both the PAN and Aadhaar is verified , click on the save button
• Now fill all the personal details (Name, Title, DOB, Gender, etc)
• Mark the checkbox “I am a Resident of India” and click on the save button
• Fill all the additional Info (Education, Annual Income Range, Profession, etc) in the next step
• Mark the option to avail debit card and Cheque Book
• Make sure all the steps are complete (User Verification, Account Type, ID Details, Personal Details, Additional Information) before submitting
• It's time for Video KYC, select the language in which video KYC will be done
• Select the checkbox and click on the start to do instant Video KYC verification.
• Give all the permissions (Front Camera Access, Microphone, Location Permission)
• Complete the Video KYC
• You’ll receive a welcome kit in the mail , with all the account details

You will receive your debit card by mail. However, to obtain your passbook and checks, you will need to contact your bank. In general, it's recommended to download the Canara Bank mobile app after opening your account online to get started with managing your finances.

How to convert the Account to ZERO BALANCE ACCOUNT ?​

While opening the account online, choose Canara SB General as your account type. Then, visit your nearest branch and speak with a representative about converting your account to a zero-balance account and it will be done.

Canara Bank Zero Balance Account Helpline​

Headquarter address	Head Office, No. 112, JC Road Bengaluru – 560 002, Karnataka, India.
Helpline contact number	1800 1030 and 1800-425-0018
Helpline email address	horeconhelpdesk@canarabank.com

 

[rahul.h.desai]

If you need a VISA or a MasterCard Debit card, then which account type should I select while opening account?