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Canara Bank

The Canara Bank is almost a century old and was started in the Konkan region and now has made in roads into every nook and corner of the country.
The products and services the Bank offers.
Apart from conventional banking facilities (lending and accepting deposits). This bank offers a wide range of modern day banking products.

Products and Services

  • Credit Card Facility
  • Debit Card Facility
  • 24 Hour Banking Services (ATM Services)
  • Electronic Clearance Service (for instance direct credit dividend incomes, interest on bonds, deposits, salary, pension, commission, income tax refund, etc. and direct debit of Electricity bills, Telephone bills, Insurance bills, Water tax, etc. to the customer account).

Types of Loan

  • Personal Loan - Cash loan available for salaried pension account holders.
  • Home Loan - Loans for housing against collateral security.
  • Consumer Loan - Loan against consumer durables such as refrigerator, television, etc.
  • Vehicle Loan - Car loans and Two wheeler loans against collateral securities (can also be hypothecation).
  • Educational Loan - Loans for professional technical courses are offered against guarantee by any competent person.
  • DEMAT Facilities - Direct credit of dividend incomes into the account holders accounts.

In addition to the above, the bank has entered into various commercial activities to its subsidiaries, to name a few :
 

  • Venture Capital Fund - to finance to start up of commercial enterprises the generally involves high risk.
  • Mutual Funds - the bank offers various mutual fund schemes that enable retail investors, aversed to risk, invest in share markets.
  • Merchant Banking Services - services such as Managing, Advising, Appraising of Shares, Debentures and Bonds of various public limited companies.
  • Factoring Services - receivables management, collection of bills receivables are few examples of these kind of services.

It is to be noted that other conventional banking facilities such as Savings Bank Account, Fixed Deposit Account, Current Account, Bank Overdrafts are also available for the customer.


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