Compare Canara Junior Savings Account and PNB GROW Saving Scheme using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Minor students above 10 who can operate independently and need a low-limit account with education-payment support.
PNB families wanting a zero-MAB minor account with explicit child card limits and a documented transition to independent operation above age 10.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/canara-junior-savings-account-vs-pnb-grow-minor-savings-account/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
1 attached source. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | Canara Junior Savings Account | PNB GROW Saving Scheme |
|---|---|---|
| Cost / charges | The current Canara Junior page does not state a conventional minimum-balance penalty; it instead defines operating caps and applies other savings-product terms unless specifically overridden. | Minimum Average Balance is zero. PNB's GROW leaflet states free issuance of the Master Grow Platinum Debit Card; annual maintenance is waived when yearly average balance of ₹5,000 is maintained, otherwise current AMC rules apply. |
| Balance / relationship | Balance must not exceed ₹50,000 at any point under the current product page; the account must always remain in credit. | Zero Minimum Average Balance under the current PNB GROW leaflet; the guardian must hold a PNB Savings Account for guardian-operated opening. |
| Core benefits | Debit card, branch withdrawal, free eligible fund transfer to colleges/educational institutions within the scheme limit, and conversion to regular savings after majority. | Master Grow Platinum Debit Card, free 25 cheque leaves per year, nil SMS alert charges and unlimited-free online RTGS/NEFT under the reviewed leaflet, plus scheme rewards/offers subject to change. |
| Limits / allowances | Maximum monthly debit-card withdrawal ₹5,000; total debit transactions ₹10,000 per month; total credits ₹1 lakh per annum; balance ceiling ₹50,000. | Master Grow Platinum: ₹10,000 daily ATM withdrawal, ₹10,000 combined POS/e-commerce and ₹5,000 contactless daily limit under the current GROW leaflet. |
| Eligibility | Minor students above age 10 can open and operate independently, with parent/guardian declaration and student ID or educational-institution letter. | Minor of any age through natural/legal guardian; guardian must hold PNB Savings Account. Minors above 10 can open and operate independently on satisfactory proof of age under current terms. |
| Ongoing relationship rule | Canara explicitly provides debit-card access but does not name the exact card variant on the Junior product page, so no named card edge is inferred. | PNB explicitly names the Master Grow Platinum Debit Card and its child limits for the GROW scheme. |
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Reviewed September 9, 2026 · 1 attached first-party source
Reviewed September 9, 2026 · 2 attached first-party sources