Canara Bank Overview and Requirements for Applying Bank Account
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India has many banks for its people and also for foreigners. There are lot of choices on which bank to apply for a bank account. Canara Bank is one good choice in choosing an Indian bank.
Canara Bank is one of the various nationalised banks in India. It is founded in 1906 as Canara Bank Hindu Permanent Fund. In 1910, it changed its name to Canara Bank Ltd. and in 1969, it became Canara Bank until present.
It is one of the most aged banks in India and in a group of the largest bank in the country along with other banks like State Bank of India, Punjab National Bank and ICICI Bank.
Presently, the main branch of Canara Bank is based in Bangalore, India with its Chairman and Managing Director S. Raman and Jagdish Pai K L as Executive Director.
Compare to other Indian banks, Canara Bank has many products and services it offers to its clients such as investment business carried on by a bank, credit cards, pensions, consumer funding, asset administration, commercial banking, private banking and retail banking.
As of June 2010, Canara Bank has in addition expanded its local appearance, with 3057 branches multiply all over India. To provide clients with superior quality services and comfort, the bank built over 2000 ATMs. The system for this ATM banking is one of the topmost among nationalized banks that covers 732 centres, 2681 branches providing Internet and Mobile Banking (IMB) services and 2091 branches offering 'Anywhere Banking' services.
Under progressive payment and settlement system, the entire branch of the Bank have been allowed to give Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facilities.
The most common fundamentals in opening a bank account in India are as follows.
Original and photocopies of the following documents are essentials for checking and verification purposes. These credentials should be placed to the application forms.
i. Income Tax Permanent Account Number (PAN) card. In case, PAN card is not distributed, Form 60/61 has to be introduced
ii. Passport (where the place of residence of the applicant is similar as the address mentioned in account opening form)
You may also bring the following for requirements in applying a new savings account in India.
1. Proof of Identity
i. Passport
ii. Voter ID card
iii. PAN card
iv. Driving License
v. Government or Defense ID card
vi. ID card of a reputed employer
vii. Photo ID card issued by Post Office
2. Certification of Address (Any one of the following)
i. Telephone Statement
ii. Salary slip (with address)
iii. Electricity Bill
iv. Income Tax/Wealth Tax Assessment Order
v. Bank Account Statement
vi. Letter from a real employer
vii. Credit card statement
viii. Ration ticket
ix. Letter from any certified public authority
B. Two current photographs (2.5 cm x 3.5 cm)
C. For applying of account of minors, where evidence of identity or proof of address is not available, the same will be prepared by the Father
D. In case of uneducated clients, Left Thumb Impression (LTI) to be affixed and verified
Canara Bank is one of the nationalized banks in India with a reliable reputation in customer service and exceptional bank products. In applying a bank account in Canara Bank, you should remember to gt ready the above credentials to have a quick processing of your application.
Article Source: Articlelogy.com
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