Canara Bank is one of the major public sector banks available in India. It was established at Mangalore in the year 1906 by Ammembai Subha Rao Pai. Nationalized in the year 1968, this bank has a network of 6310 branches and more than 8851 ATMs spread across 4467 centers. Canara Bank is headquartered in Bengaluru and has offices in London, Hong Kong, Moscow, Shanghai, Dubai, Tanzania, and New York as well.
Canara Bank offers 3 types of current account options to serve their needs. Customers can open a current account with minimum deposit amount as low as Rs. 1000.
Using Canara Bank Gold Loan (Swarna Loan), account holders can avail a loan against gold ornaments or gold coins (sold by any bank) to cater to medical or other expenses.
Canara Bank offers recurring deposit with tenure ranging from 6 to 120 months. Customers can invest as low as Rs. 50 per month with no maximum ceiling on the investment amount.