{"id":16489,"date":"2024-12-12T16:30:09","date_gmt":"2024-12-12T11:00:09","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=16489"},"modified":"2024-12-12T16:30:11","modified_gmt":"2024-12-12T11:00:11","slug":"canara-bank-student-account","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/","title":{"rendered":"Canara Bank Student Account: Features, Eligibility, Application Process"},"content":{"rendered":"\n<p>Canara Bank student account is one of the best accounts for minors. The bank is one of the best public sector banks in India providing multiple financial services to students and individuals. If you are a student studying abroad you can use this account for managing your expenses. Canara Bank provides the student with personal debit cards with their own name embossed or printed on them. Let\u2019s check and understand all the major details, features, eligibility and application process of the Canara Bank student account.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-canara-bank-student-account-major-highlights\" data-level=\"2\">Canara Bank Student Account: Major Highlights<\/a><\/li><li><a href=\"#h-eligibility-criteria-for-canara-bank-student-account\" data-level=\"2\">Eligibility Criteria for Canara Bank Student Account<\/a><\/li><li><a href=\"#h-documents-required-for-canara-junior-savings-account\" data-level=\"2\">Documents Required for Canara Junior Savings Account<\/a><\/li><li><a href=\"#h-terms-and-conditions\" data-level=\"2\">Terms and Conditions<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-canara-bank-student-account-major-highlights\"><span id=\"canara-bank-student-account-major-highlights\">Canara Bank Student Account: Major Highlights<\/span><\/h2>\n\n\n\n<p>Canara Bank student account is opened by the bank under the Canara Junior Savings Account scheme. It allows free fund transfers to colleges or educational institutions through Demand Draft (DD), NEFT, or RTGS, with a cap of INR 10,000 per withdrawal or transfer. Canara Junior Savings Account provides access to an attractive education loan scheme to support student&#8217;s academic pursuits. You can apply for <a href=\"https:\/\/fly.finance\/blog\/education-loan\/canara-bank-education-loan\/\"><strong>Canara Bank education loan<\/strong><\/a> easily. Once the account holder reaches the age of majority, the account is seamlessly converted into a regular savings bank account. Check some major highlights of the Canara Bank student account below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Canara Bank Student Account<\/strong><\/td><td><strong>Major Highlights<\/strong><\/td><\/tr><tr><td>Name of the Scheme<\/td><td>Canara Junior Savings Account<\/td><\/tr><tr><td>Age Limit<\/td><td>Minimum 10 years<\/td><\/tr><tr><td>Rate of Interest on Savings<\/td><td>4.5% to 5%<\/td><\/tr><tr><td>Maximum withdrawal from Debit Card<\/td><td>INR 5000<\/td><\/tr><tr><td>Maximum Credit<\/td><td>INR 1 lakh per year<\/td><\/tr><tr><td>Maximum Account Balance<\/td><td>INR 50,000 (at any point of time)<\/td><\/tr><tr><td>Monthly Transaction Limit<\/td><td>INR 10,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all major details of <\/strong><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/canara-bank-forex-card\/\"><strong>Canara Bank Forex card<\/strong><\/a><strong> for international students<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-for-canara-bank-student-account\"><span id=\"eligibility-criteria-for-canara-bank-student-account\">Eligibility Criteria for Canara Bank Student Account<\/span><\/h2>\n\n\n\n<p>The Canara Bank Student Account is specifically designed for minor students above the age of 10 years, enabling them to open and independently operate a savings account in their name. This initiative empowers students to manage their finances and learn financial responsibility from a young age. <strong>While the account is operated by the student, a declaration from the parent or guardian is mandatory for the account opening process<\/strong>. This feature provides a secure and controlled way for minors to begin their banking journey, with the flexibility to handle transactions and savings independently.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required-for-canara-junior-savings-account\"><span id=\"documents-required-for-canara-junior-savings-account\">Documents Required for Canara Junior Savings Account<\/span><\/h2>\n\n\n\n<p>Documents are essential for opening a Canara Bank Account as they ensure the proper verification of the account holder\u2019s identity and eligibility. These typically include proof of age along with a declaration from a parent or guardian. Check the complete list of documents required for student bank accounts below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Application in the Bank&#8217;s prescribed form<\/li>\n\n\n\n<li>Two recent passport-sized photographs<\/li>\n\n\n\n<li>Proof of Identity and Proof of Address as per KYC norms<\/li>\n\n\n\n<li>Declaration\/Authorization from the parent<\/li>\n\n\n\n<li>Copy of Student ID Card or a letter from the respective educational institution<\/li>\n\n\n\n<li>Any other document required by the Bank<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all the details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/public-sector-banks-education-loans\/\"><strong>public sector bank education loans<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-terms-and-conditions\"><span id=\"terms-and-conditions\">Terms and Conditions<\/span><\/h2>\n\n\n\n<p>Adhering to the terms and conditions of the Canara Bank Account is crucial as it ensures both the bank and the account holder are aligned with the rules governing the account. These conditions help maintain security, transparency, and proper management of the account, preventing misuse or discrepancies. By following these guidelines, students and their parents can ensure smooth banking operations, avoid any legal or financial complications, and safeguard the integrity of the account. Check the important terms and conditions of the bank account below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Students can make withdrawals either by visiting the branch with a withdrawal slip or through Debit Cards at ATMs.<\/li>\n\n\n\n<li>The maximum monthly withdrawal limit via Debit Card is INR 5,000.<\/li>\n\n\n\n<li>The total debit transaction limit per month is INR 10,000, which includes the Rs. 5,000 maximum withdrawal via Debit Card.<\/li>\n\n\n\n<li>The total credit in the account should not exceed INR. 1 lakh annually.<\/li>\n\n\n\n<li>The account balance should not exceed INR 50,000 at any given time.<\/li>\n\n\n\n<li>The account must always maintain a credit balance.<\/li>\n\n\n\n<li>All other terms and conditions are in line with the prevailing guidelines for Saving Bank Deposit products.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1733998825515\"><strong class=\"schema-faq-question\">What is the Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">The Canara Bank Student Account, also known as the Canara Junior Savings Account, is a savings account designed for minor students aged 10 years and above. It offers benefits like free fund transfers, education loan schemes, and the ability to manage finances independently.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998826605\"><strong class=\"schema-faq-question\">What is the minimum age to open a Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">The minimum age to open a Canara Bank Student Account is 10 years.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998827390\"><strong class=\"schema-faq-question\">What are the key features of the Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">Key features include a savings interest rate of 4.5% to 5%, free fund transfers up to INR 10,000 to educational institutions, a maximum monthly debit card withdrawal of INR 5,000, and a maximum credit of INR 1 lakh per year.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998828155\"><strong class=\"schema-faq-question\">What documents are required to open a Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">Required documents include a completed application form, two passport-sized photographs, Proof of Identity and Proof of Address as per KYC norms, a declaration from the parent\/guardian, a copy of the Student ID Card or a letter from the educational institution, and any other documents requested by the bank.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998874839\"><strong class=\"schema-faq-question\">What is the maximum balance allowed in the Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">The maximum balance allowed in the account at any given time is INR 50,000.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998893612\"><strong class=\"schema-faq-question\">Can the Canara Bank Student Account holder use a debit card?<\/strong> <p class=\"schema-faq-answer\">Yes, the account holder is issued a personal debit card, which can be used for ATM withdrawals, with a monthly withdrawal limit of INR 5,000.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998907077\"><strong class=\"schema-faq-question\">What happens to the Canara Bank Student Account when the student reaches the age of majority?<\/strong> <p class=\"schema-faq-answer\">Once the account holder turns 18, the Canara Junior Savings Account is automatically converted into a regular savings bank account.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998917317\"><strong class=\"schema-faq-question\">What is the maximum monthly transaction limit for the Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">The maximum total debit transaction limit for the account is INR 10,000 per month, including the INR 5,000 limit for debit card withdrawals.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998930287\"><strong class=\"schema-faq-question\">What is the total annual credit limit for the Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">The total credit that can be deposited into the account annually should not exceed INR 1 lakh.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733998956406\"><strong class=\"schema-faq-question\">Are there any terms and conditions to follow for the Canara Bank Student Account?<\/strong> <p class=\"schema-faq-answer\">Yes, students must adhere to the bank\u2019s terms and conditions, such as maintaining a credit balance, ensuring the account balance does not exceed INR 50,000, and following the guidelines for withdrawals and transactions.<\/p> <\/div> <\/div>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/nainital-bank-education-loan-for-abroad\/\"><strong>Nainital Bank Education Loan For Abroad<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/minimum-family-income-requirements-for-education-loan\/\"><strong>Minimum Family Income Requirements For Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/issues-after-education-loan-sanction\/\"><strong>Issues After Education Loan Sanction<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/indusind-bank-education-loan\/\"><strong>IndusInd Bank Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/impact-of-loan-restructure-on-credit-score\/\"><strong>Impact Of Loan Restructure On Credit Score<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-to-obtain-solvency-certificate\/\"><strong>How To Obtain a Solvency Certificate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-to-get-an-education-loan\/\"><strong>How To Get An Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-to-download-the-application-form-from-the-vidya-lakshmi-portal\/\"><strong>How To Download The Application Form From The Vidya Lakshmi Portal<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/hdfc-bank-remittance-services\/\"><strong>HDFC Bank Remittance Services<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/eligibility-criteria-for-loan-capability-certificate\/\"><strong>Eligibility Criteria For Loan Capability Certificate<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Canara Bank student account is one of the best accounts for minors. The bank is one of the best public sector banks in India providing multiple financial services to students and individuals. If you are a student studying abroad you can use this account for managing your expenses. Canara Bank provides the student with personal &#8230; <a title=\"Canara Bank Student Account: Features, Eligibility, Application Process\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/\" aria-label=\"Read more about Canara Bank Student Account: Features, Eligibility, Application Process\">Read more<\/a><\/p>\n","protected":false},"author":24,"featured_media":16491,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[],"class_list":["post-16489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-account"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canara Bank Student Account: Features, Eligibility, Application Process<\/title>\n<meta name=\"description\" content=\"Check here all the major features and benefits of Canara Bank Student Account. Know the required documents and eligibility criteria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canara Bank Student Account: Features, Eligibility, Application Process\" \/>\n<meta property=\"og:description\" content=\"Check here all the major features and benefits of Canara Bank Student Account. Know the required documents and eligibility criteria.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T11:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T11:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/uploads\/2024\/12\/Canara-Bank-Student-Account.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shekhar Suman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shekhar Suman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canara Bank Student Account: Features, Eligibility, Application Process","description":"Check here all the major features and benefits of Canara Bank Student Account. Know the required documents and eligibility criteria.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/","og_locale":"en_US","og_type":"article","og_title":"Canara Bank Student Account: Features, Eligibility, Application Process","og_description":"Check here all the major features and benefits of Canara Bank Student Account. Know the required documents and eligibility criteria.","og_url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/","og_site_name":"Fly Finance","article_published_time":"2024-12-12T11:00:09+00:00","article_modified_time":"2024-12-12T11:00:11+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.fly.finance\/uploads\/2024\/12\/Canara-Bank-Student-Account.webp","type":"image\/webp"}],"author":"Shekhar Suman","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shekhar Suman","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/"},"author":{"name":"Shekhar Suman","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/fed86910ad7a5396db3f509f7f6f2e48"},"headline":"Canara Bank Student Account: Features, Eligibility, Application Process","datePublished":"2024-12-12T11:00:09+00:00","dateModified":"2024-12-12T11:00:11+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/"},"wordCount":1173,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/12\/Canara-Bank-Student-Account.webp","articleSection":["Student Bank Account"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/","url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/","name":"Canara Bank Student Account: Features, Eligibility, Application Process","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/12\/Canara-Bank-Student-Account.webp","datePublished":"2024-12-12T11:00:09+00:00","dateModified":"2024-12-12T11:00:11+00:00","description":"Check here all the major features and benefits of Canara Bank Student Account. Know the required documents and eligibility criteria.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998825515"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998826605"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998827390"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998828155"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998874839"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998893612"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998907077"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998917317"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998930287"},{"@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998956406"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/uploads\/2024\/12\/Canara-Bank-Student-Account.webp","contentUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/12\/Canara-Bank-Student-Account.webp","width":1024,"height":640,"caption":"Canara Bank Student Account"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Student Bank Account","item":"https:\/\/fly.finance\/blog\/category\/student-account\/"},{"@type":"ListItem","position":3,"name":"Canara Bank Student Account: Features, Eligibility, Application Process"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/fed86910ad7a5396db3f509f7f6f2e48","name":"Shekhar Suman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","caption":"Shekhar Suman"},"description":"Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.","sameAs":["https:\/\/in.linkedin.com\/in\/thahankmoody","https:\/\/www.tumblr.com\/blog\/dhanlabh"],"url":"https:\/\/fly.finance\/blog\/author\/shekhar\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998825515","position":1,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998825515","name":"What is the Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Canara Bank Student Account, also known as the Canara Junior Savings Account, is a savings account designed for minor students aged 10 years and above. It offers benefits like free fund transfers, education loan schemes, and the ability to manage finances independently.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998826605","position":2,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998826605","name":"What is the minimum age to open a Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The minimum age to open a Canara Bank Student Account is 10 years.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998827390","position":3,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998827390","name":"What are the key features of the Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Key features include a savings interest rate of 4.5% to 5%, free fund transfers up to INR 10,000 to educational institutions, a maximum monthly debit card withdrawal of INR 5,000, and a maximum credit of INR 1 lakh per year.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998828155","position":4,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998828155","name":"What documents are required to open a Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Required documents include a completed application form, two passport-sized photographs, Proof of Identity and Proof of Address as per KYC norms, a declaration from the parent\/guardian, a copy of the Student ID Card or a letter from the educational institution, and any other documents requested by the bank.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998874839","position":5,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998874839","name":"What is the maximum balance allowed in the Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The maximum balance allowed in the account at any given time is INR 50,000.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998893612","position":6,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998893612","name":"Can the Canara Bank Student Account holder use a debit card?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, the account holder is issued a personal debit card, which can be used for ATM withdrawals, with a monthly withdrawal limit of INR 5,000.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998907077","position":7,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998907077","name":"What happens to the Canara Bank Student Account when the student reaches the age of majority?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Once the account holder turns 18, the Canara Junior Savings Account is automatically converted into a regular savings bank account.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998917317","position":8,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998917317","name":"What is the maximum monthly transaction limit for the Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The maximum total debit transaction limit for the account is INR 10,000 per month, including the INR 5,000 limit for debit card withdrawals.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998930287","position":9,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998930287","name":"What is the total annual credit limit for the Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The total credit that can be deposited into the account annually should not exceed INR 1 lakh.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998956406","position":10,"url":"https:\/\/fly.finance\/blog\/student-account\/canara-bank-student-account\/#faq-question-1733998956406","name":"Are there any terms and conditions to follow for the Canara Bank Student Account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, students must adhere to the bank\u2019s terms and conditions, such as maintaining a credit balance, ensuring the account balance does not exceed INR 50,000, and following the guidelines for withdrawals and transactions.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/16489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=16489"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/16489\/revisions"}],"predecessor-version":[{"id":16492,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/16489\/revisions\/16492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/16491"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=16489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=16489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=16489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}