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Canara Bank Minimum Balance

August 11, 2020 4:09 am

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Canara Bank Minimum Balance : Canara Bank Minimum Balance Required Canara Bank Saving accounts usually require a minimum balance to operate the account and also to avail the various features that come along with it. However, this minimum balance amount varies with different accounts. A few basic savings accounts or your salary account might not need you to maintain a minimum monthly balance, but if you hold a premium account or a privilege account type, you are required to maintain a minimum monthly balance.

At Canara Bank saving account, a depositor must maintain an Average Monthly Balance of Rs.1000/- for Metro, Urban & Semi-urban branches. While a minimum balance of Rs.500/- is required for Rural branches.

The account holder should check with the bank on their latest instructions in this regard.

Table of Contents

Canara Bank Minimum Balance

Facility	Area	Minimum Amount
With chequebook	Rural	Rs. 500
	Urban	Rs. 1,000
Without chequebook	Rural	Rs. 100
	Urban	Rs. 500

Canara Bank Minimum Balance Required

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Canara Bank Minimum Balance Required

Non maintenance of Minimum balance charges	Modification in charges (Based on Minimum Average Monthly Balance-AMB)
Metro / urban / semi-urban branches	Rural branches
AMB maintained in the account against the stipulated ₹ 1,000	Charges per month for violation of AMB	AMB maintained in the account against the stipulated ₹ 500/-	Charges per month for violation of AMB
Rs. 999 to ₹ 700	Rs. 25 + applicable tax	Rs. 499 to ₹ 350	Rs. 25 + applicable tax
Rs. 699 to ₹ 400	Rs 35 + applicable tax	Rs. 349 to ₹ 200	Rs. 35 + applicable tax
Rs 399 and below	Rs 45 + applicable tax	Rs. 199 and below	Rs. 45 + applicable tax

(As mentioned on Canara Bank’s official website)

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