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Canara BankSavings account

Canara NSIGSE Savings Bank Deposit Account

Canara Bank's no-minimum-balance NSIGSE schoolgirl savings account for specifically identified eligible students under the government-backed secondary-education incentive scheme.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationshipNo minimum balance requirement under the scheme-specific account terms.
Cost / chargesNo stipulated minimum balance; the current Canara page also says no charge is levied for non-operation/activation of an inoperative NSIGSE account.
Limits / allowancesWithdrawals are mainly through withdrawal slips; no cheque book is issued until the student attains majority. Other minor-account procedures continue to apply.
Ongoing relationship ruleGovernment-linked student account. Canara says debit cards are available but does not name a specific card variant, so no exact card edge is created.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

1 first-party source
Last checkedSeptember 9, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: January 7, 2027.

Critical decision facts

Start with the ongoing account relationship, then price the access layer.

Balance or salary conditions, charges, allowances and downgrade rules can matter more than a promotional benefit.

01 · Balance / relationshipNo minimum balance requirement under the scheme-specific account terms.
02 · Cost / chargesNo stipulated minimum balance; the current Canara page also says no charge is levied for non-operation/activation of an inoperative NSIGSE account.
03 · Limits / allowancesWithdrawals are mainly through withdrawal slips; no cheque book is issued until the student attains majority. Other minor-account procedures continue to apply.
04 · Ongoing relationship ruleGovernment-linked student account. Canara says debit cards are available but does not name a specific card variant, so no exact card edge is created.
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Cost / chargesNo stipulated minimum balance; the current Canara page also says no charge is levied for non-operation/activation of an inoperative NSIGSE account.
Balance / relationshipNo minimum balance requirement under the scheme-specific account terms.
Core benefitsDigital banking services, debit-card availability, cash/electronic credits and scheme-specific handling intended to support continued secondary-school enrolment.
Limits / allowancesWithdrawals are mainly through withdrawal slips; no cheque book is issued until the student attains majority. Other minor-account procedures continue to apply.
EligibilityEligible SC/ST girls who pass Class VIII, plus eligible Kasturba Gandhi Balika Vidyalaya girls irrespective of SC/ST status who enroll in qualifying Class IX government/government-aided/local-body schools under the scheme. Other exclusions on the bank page apply.
Ongoing relationship ruleGovernment-linked student account. Canara says debit cards are available but does not name a specific card variant, so no exact card edge is created.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Eligible SC/ST or Kasturba Gandhi Balika Vidyalaya girls entering qualifying Class IX schools under the NSIGSE implementation rules.

Verify before relying
  • This is a narrowly targeted government-linked scheme, not a general girls' or student savings account.
  • Private unaided-school and Central Government-school students are excluded under the bank's published scheme conditions, and married girls are excluded.
  • Debit-card availability does not prove a specific card variant; no named relationship is inferred.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcewww.canarabank.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.