In a welcome move for millions of account holders, Canara Bank has officially scrapped the minimum balance requirement for all savings accounts starting June 1, 2025. Whether you're a student, salaried employee, or an NRI your account will now be free of penalties, even if it hits zero.
This major shift toward truly zero balance banking reflects the bank’s focus on inclusivity and customer convenience. No more stress about maintaining a fixed amount just banking, made simpler.