Canara Bank

Canara Bank is one of India's largest public sector banks, offering a range of banking, lending, investment, and insurance services. Canara Bank was established in the year 1906 by Ammembal Subba Rao Pai and was set up in Mangalore; Canara Bank (also known as Canara Hindu Permanent Fund at that time) was mostly a society that promoted saving habits and provided financial support to local people. Over the years, it has had millions of successful customers through its extensive network of branches, as well as Internet and mobile banking.

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13.2 Crore Registered Consumer

6.29 Crore Policies Sold

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About Canara Bank

Canara Bank has consistently expanded its digital and financial ecosystem over the years. In 1996, it became the first Indian bank to receive ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bengaluru. In 2020, Syndicate Bank merged with Canara Bank, significantly strengthening its nationwide network and customer base.

The bank currently operates through thousands of branches, ATMs, and digital banking platforms across India and also maintains international offices in London, Dubai, and New York. Customers widely search for services such as Canara Bank Account Opening, Canara Bank Balance Check, Canara Bank Statement Download, and Canara Bank App Download, driven by the bank’s growing digital adoption.

Key Information About Canara Bank

Particulars	Details
Company Type	Public
Traded As	BSE: 532483, NSE: CANBK
Industry	Banking, Financial Services
Founded	1906
Founder	Ammembal Subba Rao Pai
Headquarters	Bengaluru, India
Number of Locations	9,861 branches, 7,907 ATMs, and 2,940 CRMs (June 2025)
Key People	Vijay Srirangan (Non-Exe Chairman), Hardeep Singh Ahluwalia (MD & CEO)
Key Services	Banking, Loans, Investments, Insurance

Canara Bank Services

Canara Bank offers a broad range of banking and financial products for salaried individuals, businesses, students, NRIs, senior citizens, and entrepreneurs. Customers frequently search for services related to Canara Bank Online Account Opening, Canara Bank Home Loan, Canara Bank Credit Card, Canara Bank Gold Loan, and Canara Bank Personal Loan.

The bank’s major service categories include:

Savings and current accounts
Canara Bank Net Banking
Canara Bank Internet Banking
Canara Bank Mobile Banking
Loans and credit facilities
Credit cards
Mutual funds and investments
Insurance products
NRI banking services

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Canara Bank Savings and Account Opening Services

One of the most searched banking services is Canara Bank Account Opening. Customers can now complete Canara Bank Online Account Opening through the bank’s digital banking platform.

The bank offers:

Savings accounts
Salary accounts
Current accounts
NRI accounts
Student accounts
Senior citizen accounts

Canara Bank Savings Account

A Canara Bank Savings Account provides features such as:

ATM and debit card access
Internet banking
Mobile banking
UPI facilities
SMS banking
Auto debit facilities

Customers also search for Canara Bank Savings Account Interest Rate before opening an account.

Canara Bank Zero Balance Account

The Canara Bank Zero Balance Account is popular among students, first-time banking users, and customers looking for basic banking services. Many users also search for:

Canara Bank 0 Balance Account
Canara Zero Balance Account
Canara Bank Zero Balance Account Opening Online
Canara Bank Zero Balance Account Opening Online Apply

Canara Bank Online Account Opening

Digital banking has made Canara Bank Online Account Opening easier. Customers can access:

Canara Online Account Opening
Canara Bank New Account Opening
Canara Bank New Account Opening Online
Canara Bank Online Account
Canara Bank Account Opening Form

The bank also provides Canara Bank NRI Account and Canara Bank NRI Account Opening Online facilities for overseas Indians.

Canara Bank Digital Banking Services

Digital banking is one of the strongest areas of Canara Bank.

Canara Bank Net Banking

Canara Bank Net Banking allows customers to:

Transfer funds
Pay bills
Check balances
Download statements
Manage loans
Access tax services

Customers can also use:

Canara Bank Internet Banking
Canara Bank Online Banking
Canara Bank Net Banking App

Canara Bank App and Mobile Banking

The Canara Bank App supports digital banking and mobile-based transactions. Through Canara Bank Mobile Banking, users can:

Check balances
Download mini statements
Transfer funds
Pay EMIs
Manage cards
Access Canara Bank Balance services

Many users also search for Canara Bank App Download to install the application for day-to-day banking.

Canara Bank Loan Services

Canara Bank offers multiple lending solutions for individuals and businesses.

Canara Bank Personal Loan

The Canara Bank Personal Loan is suitable for salaried and self-employed individuals looking for funds for medical emergencies, travel, weddings, or personal expenses.

Commonly searched loan-related terms include:

Canara Personal Loan
Canara Bank Personal Loan Interest Rate
Canara Bank Personal Loan Apply
Canara Bank Personal Loan Apply Online
Canara Bank Instant Personal Loan
Canara Bank Personal Loan Form
Canara Bank Personal Loan Interest

Customers can also access Canara Bank Loan Apply Online facilities through digital banking channels.

Canara Bank Home Loan

The Canara Bank Home Loan segment remains highly popular among homebuyers. The bank offers competitive Canara Bank Home Loan Interest Rate options for salaried professionals and self-employed borrowers.

Canara Bank Gold Loan

The Canara Bank Gold Loan is widely used for short-term financing needs. Customers frequently compare:

Canara Bank Gold Loan Interest Rate
Canara Gold Loan Interest Rate
Canara Bank Gold Loan Interest
Canara Bank Gold Loan Per Gram

Gold loans generally offer faster processing and lower documentation requirements.

Education and Student Loans

Canara Bank Education Loan schemes support students pursuing higher education in India and abroad.

Business and MSME Loans

For entrepreneurs and small businesses, the bank provides:

Canara Bank Business Loan
Canara Bank MSME Loan
Canara Bank Mudra Loan
Canara Bank Loan Against Property

Digital application facilities such as Canara Bank Business Loan Online Apply and Canara Bank MSME Loan Apply Online are also available.

Canara Bank Credit Card Services

The Canara Bank Credit Card segment includes cards designed for shopping, travel, fuel, and lifestyle benefits. These cards generally offer reward points, cashback benefits, EMI conversion, and online transaction facilities.

How to Apply for a Canara Bank Credit Card?

Customers can complete the Canara Bank Credit Card Apply process either online or offline. The bank provides multiple application channels for convenience.

Online Application Process

Step 1: Visit the official Canara Bank website or credit card portal.

Step 2: Select the preferred credit card variant.

Step 3: Click on the Canara Bank Credit Card Online Apply option.

Step 4: Fill in personal, income, and employment details.

Step 5: Upload the required documents such as identity proof, address proof, PAN card, and income proof.

Step 6: Submit the application for verification.

Offline Application Process

Customers can also visit the nearest Canara Bank branch and submit the Canara Credit Card Apply form along with the required documents.

After successful verification, the bank processes the application and dispatches the credit card to the registered address.

Canara Bank Investment and Wealth Services

Apart from banking and lending, the bank also offers investment-related services.

Mutual Funds and Investment Plans

Customers can invest through:

Canara Bank Mutual Fund
Canara Mutual Fund
Canara Bank Mutual Fund Interest Rate
Canara Bank Investment Plan
Canara Bank Guaranteed Investment Plan

These investment products are useful for long-term financial planning, retirement savings, and wealth creation.

Demat and Trading Services

The bank also supports stock market investments through:

Canara Bank Demat Account
Canara Demat Account

Investors can use these accounts for trading and holding securities digitally.

Canara Bank Insurance Products- Canara HSBC Life Insurance

Insurance is an important financial segment associated with Canara Bank. The bank distributes life insurance solutions through Canara HSBC Life Insurance.

Canara HSBC Life Insurance was incorporated in 2007 as a joint venture promoted by Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited. The insurer operates through a large bancassurance network and offers multiple insurance products across protection, savings, retirement, and investment categories.

The company currently offers:

Term insurance plans
Savings plans
Guaranteed income plans
Child insurance plans
Retirement solutions
ULIPs
Credit life insurance
Group insurance solutions

The insurer has also maintained a strong claim settlement performance and continues to expand digitally.

Canara HSBC Term Plans

The Canara HSBC Term Plans are designed to provide financial protection to families in case of the policyholder’s death during the policy term. These plans generally offer:

High life cover
Affordable premiums
Optional riders
Tax benefits
Flexible payout options

Term insurance is especially useful for borrowers with home loans, education loans, or other long-term liabilities.

Savings and Guaranteed Income Plans

Canara HSBC Life Insurance also offers savings-oriented insurance products and guaranteed income plans for customers seeking stable returns and financial security.

These life insurance plans can help with:

Retirement planning
Child education planning
Long-term wealth creation
Income replacement

Canara HSBC actively promotes guaranteed income products as part of long-term financial planning solutions. Here are the various Canara Bank term insurance plans offered by the company:

Canara HSBC iSelect Smart360 Term Plan

The Canara HSBC iSelect Smart360 Term insurance plan offers coverage till 99 years of age, the option to receive the total premiums paid in case of survival of the policy term, and the option of increasing the accelerated terminal illness benefit.

Canara HSBC Young Term Plan

The Canara HSBC Young Term Plan offers two plan options and the option to exit the plan early and receive all the premiums paid with the special exit value or receive all the premiums paid at maturity of the policy.

Why Insurance Matters for Bank Customers?

Insurance helps customers manage financial risks associated with:

Home loans
Personal loans
Family protection
Retirement planning
Medical emergencies
Child education

Customers often combine banking and insurance products to create a complete financial plan.

Why Insurance Matters for Bank Customers?

Insurance plays an important role in financial planning, especially for borrowers and families.

Customers often combine insurance with:

Home loans
Personal loans
Child education planning
Retirement planning
Family protection

Life insurance products help borrowers secure outstanding liabilities and protect their families financially.

Digital Growth and Customer Convenience

Canara Bank continues to invest in digital infrastructure and customer-focused banking services. Recent reports also indicate continued emphasis on technology, AI-driven banking systems, and digital expansion.

Today, customers can access:

Canara Bank Statement services online
Canara Bank Money Transfer facilities
Canara Bank International Transfer options
Digital loan applications
Insurance purchases through bancassurance channels

This integration of banking, lending, and insurance services makes the bank relevant for customers looking for comprehensive financial solutions.

Summing Up

Canara Bank is a diversified financial conglomerate that offers banking, lending, investment and insurance-based services under one roof. From Canara bank account opening and Canara bank net banking to Canara bank home loan and Canara bank gold loan services, the bank offers several financial services. Besides, the Canara Bank has an alliance with Canara HSBC Life Insurance, which offers protection-based and investment-linked insurance policies.

FAQ's

Is Canara Bank private or Government?

Canara Bank is a government bank operating under the Ministry of Finance and Ministry of India. Canara Bank is a public sector bank and has been providing services such as Canara Bank Net Banking and Canara Bank Account Opening since 1906.
Is Canara Bank a 24x7 customer care chat?

Yes, Canara Bank offers 24x7 customer support through Helpline, mail, SMS banking, and online banking. Customers using Canara Bank Mobile Banking and Canara Bank App can get all kinds of support services and banking support online.
Is Canara zero balance?

Yes, Canara Bank Zero Balance Account offers the bank's basic services and features, starting at a zero balance. A Canara Bank Zero Balance Account can also be opened online at the official website of the bank.
What is the new rule of Canara Bank?

Effective from 1st June, 2025 Canara Bank. Stopped Charging Penalty for Non-Maintenance of Minimum Balance in Savings Accounts. This move benefits Canara Bank Savings Account holders and makes Canara Bank Online Account Opening a simple affair.
Does Canara Bank have international support?

Yes, Canara Bank offers overseas customer assistance for NRI and overseas customers. Canara Bank International Transfer and Canara Bank NRI Account support are some of the facilities provided to customers to cater to their banking needs from any part of the world.
How many countries have Canara Bank?

Canara Bank operates internationally through offices in the UK, the UAE, and the USA. Along with Canara Bank NRI Account Opening Online facilities, the bank supports global banking and remittance services for overseas Indians.
Which Bank merged with Canara Bank?

Syndicate Bank acquired by Bank (1 April 2020) under the Government of India banking consolidation (Merger) process. Syndicate Bank was acquired by Canara Bank, which led to the consolidation and enhancement of Canara Bank's Branch network, digital services and Canara Bank Online Banking.
Which Bank is connected to Canara Bank?

Syndicate Bank has merged with Canara Bank. Post the merger, they continue to operate as the Branches of the Canara Bank and also provide services like Canara Bank Net Banking and Canara Bank Mobile Banking.
How many branches does Canara Bank have in India?

As of 2026, Canara Bank has more than 10,000 domestic branches and an extensive ATM network across India. Customers can access services such as Canara Bank Balance Check, Canara Bank Statement download, and loan services nationwide.
What is the rank of Canara Bank in India?

Canara Bank ranks among the top public sector banks in India in terms of market capitalization, branch network, and total business. The bank is also known for products such as Canara Bank Home Loan and Canara Bank Credit Card services.
Is Canara Bank safe to keep money?

Yes, Canara Bank is considered a secure and reliable government-owned bank. Customers can safely use products such as Canara Bank Savings Account, fixed deposits, and Canara Bank Investment Plan options for long-term financial security.
How strong is Canara Bank?

Canara Bank has maintained a strong market presence with stable financial growth and a large customer base. Its diversified portfolio includes Canara Bank Loan products, Canara Bank Gold Loan services, and digital banking solutions.
What is Canara Bank famous for?

Canara Bank is widely known for customer-centric banking, extensive branch coverage, and diversified financial products. It is especially popular for Canara Bank Personal Loan services, Canara Bank Home Loan offerings, and digital banking facilities.
What is the price target of Canara Bank in 2026?

Analysts generally maintain a positive outlook on Canara Bank stock, with projected targets ranging between ₹158 and ₹175 for 2026–2027. Strong growth in Canara Bank Loan portfolios and Canara Bank Interest Rates competitiveness support these projections.
Is Canara Bank a good share to buy?

Many analysts consider Canara Bank a favorable long-term banking stock due to improving asset quality, dividend potential, and strong financial performance. Growth in Canara Bank Business Loan and Canara Bank MSME Loan segments also supports investor confidence.

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Author's Bio

Varun Agarwal IRDAI Certified Term Insurance Expert with 10+ Years of Experience

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.