Canara Bank

Features and Benefits of Canara Bank

Below are some noteworthy features and benefits of Canara Bank:

• Attractive Interest Rates: The interest rates of Canara Bank are among the best in marketing. Whether it is a Canara bank loan, fixed deposit, recurring deposit, saving account, or any other product, the bank strives to offer competitive rates, allowing customers to maximise their earnings. Moreover, the bank typically offers differential interest rates for specific segments of people, such as senior citizens, women, and rural customers, further demonstrating its commitment as one of the largest public sector banks in India.
• Extensive Branch Network: Canara Bank has over 9,877 branches nationwide, ensuring convenient access to banking services for customers. Whether the customers reside in urban or rural areas, this wide range of branch presence enables them to avail themself of in-person assistance, conduct transactions, and seek guidance from banking professionals. This strategic expansion guarantees that every individual customer’s banking needs are met with the utmost convenience and efficiency.
• Digital banking: This comprehensive platform encompasses a wide range of services, including online banking, mobile banking, UPI (Unified Payments Interface), IMPS (Immediate Payment Service), Bharat Bill Pay, BHIM Aadhaar Pay, RTGS (Real-Time Gross Settlement), NEFT (National Electronic Funds Transfer), e-KYC (Know Your Customer), e-passbook, e-statement, e-tax payment, e-mandate registration, e-NPS (National Pension System) contribution, e-FASTag application, Canara bank loan apply online, and much more. These cutting-edge digital solutions ultimately empower customers to manage their finances and conduct transactions anytime and anywhere conveniently.
• ATM Facilities: Canara Bank offers an extensive range of ATM facilities, covering all major cities and towns nationwide. Currently, the bank boasts a vast network of over 13,124 ATMs spread across the country, providing 24-hour access to cash withdrawal, balance inquiry, and other essential services. This expansive coverage of ATM facilities significantly enhances customer convenience and flexibility, empowering them with seamless access to their banking requirements without visiting a bank branch.
• Zero-balance savings account: Canara Bank offers zero-balance savings accounts for individuals who do not want to maintain a minimum balance. And, just like any other account of Canara Bank, this account also comes with a free Rupay debit card, internet banking, mobile banking, SMS alerts, and a free passbook. Thereby customers can enjoy the convenience of essential banking services without the obligation of maintaining a minimum balance, making it an attractive choice for those seeking flexibility and accessibility in their banking arrangements.
• Diversified portfolio: Canara Bank boasts a diverse portfolio of products and services which cater to the different segments of customers. This comprehensive portfolio encompasses a variety of Canara bank loans, deposit schemes, cards, insurance, mutual funds, forex services, NRI services, MSME services, agricultural services, and more. Additionally, the bank extends its reach through subsidiaries and joint ventures, covering areas such as asset management, securities, factoring, housing finance, and credit information. 
• Security and Risk Management: Canara Bank emphasises the security of customers’ funds and investments. To achieve this, Canara Bank employs robust security measures, leverages advanced technology, and adheres to stringent risk management practices. Through these comprehensive efforts, the bank ensures the safety and integrity of customer funds, providing peace of mind and trust to its valued clientele.
• Customer Service: Canara Bank has a dedicated and well-trained customer care team, which is available 24×7 through toll-free numbers, email and social media platforms. This ensures that customers will be treated fairly and courteously at all times. The bank also has a grievance redressal mechanism that allows customers to register their complaints and grievances with the bank and resolve them promptly and satisfactorily.
• Financial Inclusion: Financial inclusion refers to the effort to make financial products and services accessible and affordable to all individuals and businesses, regardless of their personal net worth or company size. As a result, the bank has opened over 9 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY), which provides basic banking services to the unbanked population. The bank also participates in various government schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY) and Stand Up India Scheme, which aims to provide social security and financial empowerment to the underprivileged people of the society.
• International Presence: Apart from its extensive domestic operations, Canara Bank successfully established a formidable global presence. This international presence facilitates banking services for global customers and supports international trade and finance. Presently, Canara Bank extends its services to renowned international financial centres, including London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania, and New York. 
• Strong Legacy and Trust: Canara Bank’s rich history spans over 117 years. During these years, the Bank has established a formidable reputation and a track record of excellence, earning the trust of its customers. Besides, its unwavering commitment to upholding high standards of integrity and professionalism instils confidence in its clients, positioning the bank as the preferred choice in the financial services sector.

Canara Bank – An Overview

Canara Bank is one of the largest Indian public sector banks headquartered in Bangalore, Karnataka. The bank traces its roots back to its establishment in 1906 as the ‘Canara Bank Hindu Permanent Fund’ by the visionary Shri Ammembal Subba Rao Pai. Since then, it has grown steadily and emerged as a prominent financial institution in the country.

Presently, its services are spread over 9,877 branches and more than 13,124 ATMs across the country, with assets of INR 13.81 lakh crores (US$170 billion).

Over the course of its 117-year existence, Canara Bank has traversed multiple transformative phases, shaping its journey to its current stature. Indeed, the growth trajectory of Canara Bank has been truly phenomenal, particularly since its nationalisation in 1969. This pivotal event propelled the bank to attain the status of a national-level player, expanding its geographical reach and catering to diverse clientele segments.

However, at present, Canara Bank has established itself as one of the foremost financial institutions in India, serving individuals, small- and middle-market businesses, large corporations, and governments, offering a full range of banking, investment management and other financial products and services. These include commercial and consumer Canara bank loans, agricultural finance, mortgage banking, equipment leasing, life insurance schemes, deposit services, cash management services, card products, IPO monitoring services, transaction services, consultancy services, etc., spanning a wide spectrum of offerings.

In addition to its nationwide presence, Canara Bank has ventured beyond domestic boundaries, establishing offices in key global locations such as London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Sharjah, Tanzania, and New York.

Through these well-connected channels and a diverse portfolio of services, Canara Bank continually reinforces its position as a trusted partner, providing comprehensive financial solutions to meet the ever-evolving needs of its esteemed and digitally-savvy clientele.

Products offered by Canara Bank

The Canara Bank offers various products to help customers meet their banking needs. Here are the major products offered by the bank.

Bank Accounts: Customers can save regularly with Canara Bank accounts and earn attractive interest rates on their deposits. The bank offers a diverse range of bank account options, each carefully designed to assist customers in achieving their unique financial goals and securing their future. Generally, the following are the types of bank accounts offered by Canara Bank:

Loan: Canara Bank provide a variety of loans with competitive interest rates, generous loan amount, flexible repayment options, easy documentation, and quick processing of loans. Customers can conveniently avail of this opportunity through online or offline channels, enabling both individuals and businesses to fulfil their financial goals and aspirations. The following are the types of Canara Bank loans:

Cards: Canara Bank offers various cards to suit the different needs and preferences of customers. These cards offer benefits such as zero annual fees, international ATM access, reward points, cashback, discounts, lounge access, insurance coverage, and more. The following are the types of card products offered by Canara Bank:

• Debit Cards
• Credit Cards
• Prepaid Cards

Investment: Canara Bank is committed to providing the best investment product to enrich customers’ futures and achieve their financial objectives. Whether you want to save for retirement, grow wealth, or achieve your financial goals, Canara Bank has a solution for you. Following are some of the major investment products offered by Canara Bank:

Insurance: Canara Bank collaborates with leading insurance providers to offer a wide range of insurance products. These insurance options provide financial security and protection for individuals and their assets. Following are the popular insurance products offered by Canara Bank:

Don’t miss to Check: Canara Bank Home Loan Interest Rates | Canara Bank Personal Loan Interest Rates

Services offered by Canara Bank

Here are the various services offered by the bank to its customers.

• Wealth Management Services: Wealth management is a part of financial services that assists customers in managing their money. It includes comprehensive guidance on finance, effective financial planning, investment advice, portfolio management, taxation, estate and legal. These services typically cater to individuals and businesses, emphasising the importance of wealth creation and preservation.
• Premium Payroll Package: Canara Bank offers a premium payroll package for salaried employees of select corporates, with attractive features such as free term life insurance, free personal accidental insurance, free air accidental insurance, free demand drafts, free cheque book, free Rupay Platinum debit card, concession on locker rent and processing charges on Canara bank loans, and more.
• NRI Services: Canara Bank offers an exclusive range of services for Non-Resident Indians (NRIs). These services encompass Canara bank loan apply, NRI accounts, remittances, NRI deposits, and investment options tailored to meet the specific needs of NRIs.
• Government and Institutional Banking: Canara Bank caters to the banking requirements of government entities, public sector undertakings (PSUs), and various institutional clients. These services include cash management, treasury operations, project financing, and customised solutions for government authorities.
• International Banking: Canara Bank provides an extensive suite of international banking services, encompassing a wide spectrum of offerings that cater to the global financial needs of its customers. This comprehensive range of services includes foreign exchange solutions, trade finance support, correspondent banking services, efficient remittance options, and international money transfer facilities.
• Other Services: Canara Bank also provides services such as safe deposit lockers, pension services, e-commerce payment gateways, merchant services, and more to cater to the diverse needs of its customers.

Canara Bank Corporate office Details with Contact numbers and Email ID

The corporate office details of Canara Bank are as follows:

• Address: Canara Bank, Head Office, No. 112, J C Road, Bengaluru – 560 002, Karnataka, India1
• Phone Number: 080 – 221002501
• Email ID: hosecretarial@canarabank.com

You can also contact the following authorised personnel for any queries or issues related to the bank:

• The Chief General Manager / General Manager, S P & D Wing, HO Phone: 080-22104375 Email: pdwing@canarabank.com
• The Chief General Manager & CFO, F M & S Wing, HO Phone: 080-22249989 Email: fmwing@canarabank.com
• The General Manager / Deputy General Manager & Secretary to the Board Phone: 080-22100250 Email: hosecretarial@canarabank.com