Question: Does Canara Bank Have Zero Balance Account?

Which bank is best for zero balance account?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account.

YES Bank Smart Salary Advantage.

IndusInd Bank-Indus Online Savings Account.

DBS-DigiSavings.

Kotak Mahindra Bank-811 Digital Bank Account.

HDFC Bank – Basic Savings Bank Deposit Account.

SBI – Basic Savings Bank Deposit Account.

Standard Chartered Basic Savings Bank Deposit Account..

Can I open Canara Bank account online?

Open saving account with Other Banks online Canara Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

Can we deposit in zero balance account?

With a zero balance account, account holders are not required to maintain any minimum average balance, unlike normal bank accounts. … For instance, SBI’s Basic Savings Bank Deposit Account can be opened as a zero balance account, with no upper limit on the deposits that can be made.

Is Canara Bank better than SBI?

Canara Bank has an average customer ratings of 5, while SBI has an average customer rating of 4.2, based on which it is clear that Canara Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

Is Canara Bank safe to keep money?

Since Canara Bank’s loan to deposit ratio of 72.80% is within the sensible margin, below than the appropriate maximum of 90%, this level places the bank in a relatively safe liquidity position given it has not excessively lent out its deposits and has maintained a suitable level for compliance.

What is the minimum balance for Canara Bank savings account?

Rs. 1,000To maintain Canara Bank Savings account, you require a minimum balance of Rs. 1,000 for Metro, Urban and Semi Urban branches and Rs. 500 for Rural branches.