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Canara Bank GigStar Account
Canara Bank GigStar is a zero balance savings account offered by Canara Bank. It is designed for workers in the gig economy, platform-based roles, and the unorganised sector. The account holders can get a debit card along with unlimited digital transactions and banking facilities.
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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Savings Account in India 2026
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Canara Bank Savings Account
- Canara Bank GigStar Account
Features and Benefits of Canara Bank GigStar Account
Canara Bank GigStar Account helps gig workers manage routine financial transactions and meet lending requirements with the following features.
- Zero balance savings account with Visa Platinum debit card benefits up to ₹35,000.
- Free merchant BHIM QR sticker and standee for eligible customers.
- Housing loans up to ₹35 lakh without any income tax return requirements in metro and urban centres, subject to bank's eligibility norms. Eligible customers can avail two-wheeler loan and processing fee waiver up to ₹50,000 on sanctioned loans as per bank's norms.
- Unlimited free transactions at Canara Bank ATMs, along with free transactions at other bank ATMs three times per month for metro centers and five times per month for non-metro centers. It also offers 25 free cheque leaves every year.
- Unlimited NEFT, RTGS, IMPS and UPI transactions along with mobile banking, internet banking and zero SMS alert charges.
- Personal accident insurance cover under the Cancare Policy for self: ₹4 lakh and spouse: ₹2 lakh.
- Air accident insurance cover under the Cancare Policy for self: ₹8 lakh and spouse: ₹4 lakh.
- Baggage insurance and purchase protection cover up to ₹50,000 under Cancare Policy.
- Daily ATM cash withdrawal limit of ₹1,00,000 using the Visa Platinum debit card. Point of sale transaction limit of ₹5 lakh and contactless (NFC) transactions up to ₹25,000.
- Offers on OTT subscriptions, travel bookings, lifestyle brands, e-commerce, quick commerce platforms, electronics, and other merchants.
Eligibility and Documents Required for Canara GigStar Account
Canara GigStar Account is open for eligible gig workers who meet the following eligibility criteria and submit the required documents. There are also certain categories of applicants who are excluded from the scheme.
Eligibility
- Resident Indian aged 18 years and above.
- Engaged in gig, platform-based, or unorganised sector work.
- Individuals meeting the above criteria and not falling under any excluded category.
The applicants belonging to the following categories are not eligible for this Canara Bank Savings Account.
- Joint accounts, HUFs and similar non-individual entities.
- Individuals in formal, full-time salaried employment such as government, PSU, or private corporate.
- People paying income tax or running a GST-registered business.
- People who primarily earn from rental, investments, pension, or other passive income sources.
- Holders of NRI, NRO, PIO or OCI status, foreign nationals, non-resident indians and persons without resident status.
- PEP (Politically Exposed Persons) and their relatives or associates, individuals designated as Money Mule Risk as per extant circulars, or tagged for AML/KYC monitoring under high-risk occupations.
- People below 18 years old.
- Senior citizens or pensioners, people registered under EPFO or ESIC, or those who refuse to sign the mandatory Profession Self-Declaration Form.
Documents required
- Bank application form.
- Specimen signature card.
- PAN card copy or Form 60 or 61, if the applicant does not have the original PAN card.
- Two photographs.
- ID and address proof as per KYC guidelines
- Gig and platform worker self-declaration form.
- Additional documents if available like e-Shram registration unique identification number or any document indicating existing work engagement.
How to Open a Canara Bank GigStar Account?
Those comparing the best savings accounts can evaluate the Canara GigStar Account based on its features, eligibility and charges. Applicants can open the Canara Bank GigStar Account by visiting a Canara Bank branch.
Offline method
- Go to the nearest Canara Bank branch.
- Ask for the application form to open an account for the GigStar option.
- Fill in personal details and also job details in the form.
- Attach physical copies of PAN card, ID and address proof and passport-size photographs.
- Submit the signed ‘Gig and Platform Worker Self-Declaration Form’ with the application.
- The branch will verify the documents to open this savings account.
Fees and Charges of Canara Bank GigStar Account
The applicable fees and charges for the Canara Bank GigStar Account are:
| Particulars | Charges |
| Non-maintenance of minimum balance | Nil |
| Debit card issuance charge | Nil |
| Annual maintenance charge of Visa Platinum Debit Card | Standard charges applicable as per bank guidelines from time to time, currently ₹500 |
| Account closure charges (from 14 days till one year) | As per extant guidelines |
| Other charges | As per the bank's schedule of charges and regulatory guidelines |
FAQs
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Is Canara GigStar a zero balance account?
Yes, Canara GigStar is the Canara Bank zero balance account for eligible individuals in gig, platform-based and unorganised sector work.
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Who can open a Canara Bank GigStar Account?
Resident Indian individuals aged 18 years or above who work in the gig economy, platform-based jobs, or the unorganised sector are eligible to open this account.
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Does a Canara GigStar Account include a debit card?
Yes, it comes with the Visa Platinum debit card and provides digital payment facilities, insurance benefits, free ATM transactions and merchant offers. It also allows customers to use the Canara Bank balance check facility to check their account balance.
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Can I access Canara GigStar Account digital banking services?
Yes, this account supports mobile banking, internet banking, UPI, NEFT, RTGS and IMPS transactions. It also allows individuals to get Canara Bank mini statement facility to check their recent account transactions.
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* 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