Canara SB Premium Payroll
A specialized salary account with four distinct variants, offering tiered benefits that grow with your monthly salary.
Account Tiers & Financial Benefits
Silver
Up to ₹50K Salary
- Overdraft50% of Net Salary TOD for 15 days
- Locker Rent WaiverNot Applicable
- Debit CardRupay PlatinumCharges Apply
- Retail Loan ChargesStandard
- Free Family AccountsNot Applicable
- Penalty₹250 + GST
Gold
₹50K to < ₹100K Salary
- OverdraftUp to ₹1 LakhIOD for 60 days
- Locker Rent Waiver5% Waiver
- Debit CardRupay PlatinumCharges Apply
- Retail Loan ChargesHL Switchover Waiver
- Free Family Accounts2 Members
- Penalty₹500 + GST
Diamond
₹100K to < ₹150K Salary
- OverdraftUp to ₹2 LakhsIOD for 60 days
- Locker Rent Waiver10% Waiver
- Debit CardRupay SelectAMC Waived
- Retail Loan ChargesHL Switchover Waiver
- Free Family Accounts3 Members
- Penalty₹750 + GST
Platinum
₹1,50,000 & Above Salary
- OverdraftUp to ₹3 LakhsIOD for 90 days
- Locker Rent Waiver15% Waiver
- Debit CardRupay SelectAMC Waived
- Retail Loan Charges75% Concession
- Free Family Accounts3 Members
- Penalty₹1,000 + GST
Insurance Coverage Per Tier
Silver
- Term Life (Self)₹1 Lakh
- Total PAI (Self)₹16 Lakhs
- Total AAI (Self)₹18 Lakhs
- PAI & AAI (Spouse)₹2L & ₹4L
Gold
- Term Life (Self)₹2 Lakhs
- Total PAI (Self)₹26 Lakhs
- Total AAI (Self)₹28 Lakhs
- PAI & AAI (Spouse)₹2L & ₹4L
Diamond
- Term Life (Self)₹4 Lakhs
- Total PAI (Self)₹44 Lakhs
- Total AAI (Self)₹38 Lakhs
- PAI & AAI (Spouse)₹2L & ₹4L
Platinum
- Term Life (Self)₹6 Lakhs
- Total PAI (Self)₹54 Lakhs
- Total AAI (Self)₹58 Lakhs
- PAI & AAI (Spouse)₹2L & ₹4L
- Minimum BalanceNot Required
- Digital TransfersFree
- Coursera Course1 Free CourseIf MAB ₹2,000 is maintained
- Free Cheque Leaves200 per annum
- Account PortabilityAvailable
- Max Loan AmountUp to ₹10.00 Lakh
- Min Salary Credit₹50,000 / month
- Min CIC Score700 & Above
- Process24/7 Digital (STP)