Canara Banks CanChamp Deposit Scheme

SB CANCHAMP DEPOSIT SCHEME Basically an SB deposit for children WHO CAN OPEN Children upto the age of 12 years (i.e. till 11 years, 364 days) WHAT IS THE MINIMUM DEPOSIT Initial deposit can be any nominal amount with a minimum of Rs.100/- RATE OF INTEREST As applicable to SB deposits. Presently 3.5% per annum CHEQUE BOOK Cheque books are not issued under the scheme JOINT ACCOUNT Joint accounts cannot be opened under the scheme OTHER FACILITIES • Nomination facility is available • C-Net Banking facility is available (For view only) • Loan eligibility card for educational loan as per the then prevailing educational loan scheme • Attractive Savings Box to cultivate the habit of savings among children • Attractive photo folder cum personal details with 16 pouches to store photos of the child and record memorable moments • Free collection of cheques/DDs gifted to the child upto Rs. 25,000/- per annum (In Indian Rupees or foreign currency) • Conversion of the account into regular SB account after the child attains majority