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Canara Angel
Canara Angel is a women's savings account offered by Canara Bank. It is designed for resident women aged between 18 and 70 years and provides banking facilities along with insurance benefits, debit card features and digital banking services. The account is available in Lavender, Rose and Orchid variants to suit different banking requirements.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)We are rated++
17.3 Crore
Registered Consumer
55
Insurance Partners
7.7 Crore
Policies Sold
Get Guaranteed returns up to 7.4%*
Fully Tax-Free, Life Cover Included
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Home
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Savings Account in India 2026
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Canara Bank Savings Account
- Canara Angel
What Is Canara Angel?
Canara Angel is a savings account in India created exclusively for women. The account offers value-added benefits such as cancer care insurance, personal accident insurance, a RuPay Platinum Debit Card, free digital banking services and concessions on selected banking products. Existing Canara Bank customers can also convert their eligible savings accounts to Canara Angel without changing their account number. It can be a suitable option for customers looking for the best savings account with banking and insurance benefits.
Features and Benefits of Canara Angel Account
Canara Angel offers several features that support everyday banking and financial protection.
- Available for resident women between 18 and 70 years of age.
- Offered in three variants: Lavender, Rose and Orchid.
- Complimentary RuPay Platinum Debit Card with free issuance and annual maintenance charges. (for Orchid Variant)
- Cancer Care Insurance cover of up to ₹10 lakh is available depending on the selected variant and the Quarterly Average Balance (QAB) maintained.
- Personal Accident Insurance up to ₹26 lakh based on the selected variant.
- Free NEFT, RTGS and IMPS transactions.
- Free SMS alerts for account-related activities.
- Unlimited free locker operations with concession on locker rental for eligible variants.
- Complimentary Canara Bank Zero Balance Account for the spouse and/or daughter under eligible variants.
- Concession on home loan and vehicle loan interest rates, subject to the bank's terms and conditions.
- Customers can access their Canara Bank Balance Check and other banking services through Canara ai1 Mobile Banking, Internet Banking, ATMs and branch banking.
Eligibility Criteria and Documents Required
Applicants should meet the following eligibility conditions before opening the account.
- Resident women aged between 18 and 70 years.
- Individual account holders only. Joint accounts are not permitted under this scheme.
Documents Required
- Duly filled account opening form.
- PAN Card or Form 60/61, where applicable.
- Passport-size photographs. (2 copies)
- Specimen Signature Card
- KYC – proof of identity and address.
- All other documents that are needed to open a bank account with Canara Bank.
How to Open Canara Angel Account
Canara Angel accounts can be opened online via Canara Bank's official website or by visiting a Canara Bank branch.
Online Process
- Go to the official website of Canara Bank.
- Choose Canara Angel Savings Account.
- Fill in the application form with the required details.
- Submit the required KYC documents (if applicable).
- Follow bank instructions to complete the verification process.
- Complete the application and await activation of the account.
Offline Process
Customers can also go to the bank's nearby branch, submit the necessary documents, go through KYC and open the bank account with the help of the bank officials.
Fees and Charges for Canara Angel Account
The table below highlights the minimum balance requirements applicable to the different Canara Angel variants.
| Variant | Minimum Quarterly Average Balance |
| Lavender | ₹5,000 |
| Rose | ₹30,000 |
| Orchid | ₹1,00,000 |
The benefits associated with each variant, including insurance coverage, are subject to maintaining the required Quarterly Average Balance and the applicable terms and conditions of Canara Bank.
FAQs
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Who can open a Canara Angel account?
According to the eligibility criteria of the bank, a Canara Angel Account can be opened by women from the age of 18 years to 70 years who are residing in India.
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Can existing Canara Bank Savings Account holders switch to Canara Angel?
Yes. Eligible Current Canara Bank Savings Account holders can switch their savings bank account to Canara Angel, without changing their account number.
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How can I check my Canara Bank Mini Statement?
The Canara Bank Mini Statement can be viewed by customers using any of the banking channels provided by the bank, including its Internet banking service, ATMs or at Canara ai1 Mobile Banking.
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Is a joint account allowed under Canara Angel?
No. Canara Angel is offered only as an individual account, and joint accounts are not permitted through this scheme.
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The Canara Bank Champ Deposit Scheme is a savings account for˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited 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
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs
would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ