For Existing Canara Bank Customers
Online Process:
Step 1: Log in to Canara Bank Internet Banking portal or mobile banking app using your credentials.
Step 2: Navigate to the “Deposits” or “Fixed Deposit / Term Deposit” section.
Step 3: Select option to open a new Fixed Deposit (FD), and choose “NRE FD” as the deposit type.
Step 4: Fill in the FD application form: specify deposit amount, tenure (1–10 years), repatriation option, and other required fields.
Step 5: Upload or confirm that your NRI‑status and KYC documents are up to date (passport, overseas address, visa/work permit, etc.) as required for NRE accounts.
Step 6: Submit the application. On approval, you will receive a deposit receipt/FD certificate.
Step 7: You can choose auto‑renewal at maturity, or manual renewal/closure depending on your preferences.
Offline Process:
Step 1: Visit your nearest Canara Bank branch.
Step 2: Request a new NRE Fixed Deposit application form from the branch.
Step 3: Fill in the form and specify deposit amount, tenure, repatriation option, and other required fields.
Step 4: Provide KYC / NRI-status documents if there are any updates (passport, visa, overseas address proof, etc.).
Step 5: Submit the form along with the deposit amount (via cheque, demand draft, or transfer).
Step 6: Branch staff will verify your application and process the FD.
Step 7: Receive your FD certificate/receipt after successful processing.
Step 8: Choose auto-renewal at maturity or manual renewal/closure as per your preference.
For New Canara Bank Customers
Online Process:
Step 1: Visit the official Canara Bank website.
Step 2: Go to the “NRI Banking” / “NRE Account” section.
Step 3: Download the “Account Opening Form” / “NRE FD application form” from the website.
Step 4: Fill out the form accurately; personal details, NRI status, overseas address, visa/permit details, deposit amount, tenure, and choose “NRE FD.”
Step 5: Prepare required KYC documents: passport, visa/work permit or overseas address proof, photographs, PAN or Form 60 (if PAN not available), etc.
Step 6: Submit the filled form and documents, either by visiting a designated Canara Bank branch (in India or overseas exchange‑house/branch abroad, if applicable) or by mailing/attesting documents (if bank permits).
Step 7: Once KYC and application are verified, the bank will open your NRE account/FD and send you a welcome kit or deposit receipt.
Step 8: Transfer the deposit amount (from foreign remittance or overseas funds) to the NRE account as required. This completes the FD process.
Offline Process:
Step 1: Visit a Canara Bank branch in India or a designated branch that handles NRI accounts.
Step 2: Obtain the NRE FD / Account Opening application form from the branch.
Step 3: Fill out the form with accurate details: personal info, NRI status, deposit amount, tenure, nominee details, and repatriation option.
Step 4: Attach all required KYC documents: Passport, Visa / work permit / overseas address proof, PAN card or Form 60 (if PAN not available), Recent photographs
Step 5: Submit the completed application along with the deposit amount via cheque, demand draft, or remittance.
Step 6: Bank staff will verify your application and documents.
Step 7: On approval, the branch will issue your FD certificate/receipt.
Step 8: Set up account facilities like international debit card or repatriation instructions as needed.
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