Canara TruEdge Institutional Account

A specialized Current & Savings Account designed for institutions, offering customized benefits and a zero initial deposit. The TruEdge account provides a dynamic 5-tier structure where benefits are directly linked to the Monthly Average Balance (MAB), ensuring your banking rewards grow with your institution.

Eligible Institutions

  • Sole Proprietary Concerns & Partnership Firms
  • Private and Public Limited Companies
  • Healthcare Providers & Educational Institutions
  • Registered Societies, Associations, Clubs & Trusts
  • Government & Semi-Government Bodies
  • Charitable & Religious Institutions

Universal Benefits for All Tiers

Zero Initial Deposit
Start your account with no upfront deposit.
Folio Charges Waived
Enjoy zero folio charges on your account.
Unlimited Digital Transactions
Free NEFT, RTGS, IMPS, and UPI transfers.
Unlimited Cheque Books
Request as many cheque books as you need, free of cost.
Premium Debit Card
Complimentary premium debit card for office bearers.

Tier-Specific Features & Benefits

Tier 1

Monthly Average Balance: <₹50,000

  • Cash Handling
    1 Lakh per day
  • POS Rent
    Standard Charges Apply
  • Soundbox Rent
    Standard Charges Apply
  • Demand Draft Charges
    Standard Charges Apply
  • MDR Charges
    Standard Charges Apply
  • ERP Solution
    Available at Concessional Rate
  • Dedicated Relationship Manager
    Not Available

Tier 1

Monthly Average Balance: ₹50,000 to < ₹2,00,000

  • Cash Handling
    Free up to 5 times the previous month MAB
  • POS Rent
    Standard Charges Apply
  • Soundbox Rent
    Standard Charges Apply
  • Demand Draft Charges
    Standard Charges Apply
  • MDR Charges
    Standard Charges Apply
  • ERP Solution
    Available at Concessional Rate
  • Dedicated Relationship Manager
    Not Available

Tier 2

Monthly Average Balance: ₹2,00,001 to < ₹5,00,000

  • Cash Handling
    Free up to 5 times the previous month MAB
  • POS Rent
    1 POS Machine Free
  • Soundbox Rent
    1 Soundbox Free
  • Demand Draft Charges
    Unlimited
  • MDR Charges
    Standard Charges Apply
  • ERP Solution
    Available at Concessional Rate
  • Dedicated Relationship Manager
    Not Available

Tier 3

Monthly Average Balance: ₹5,00,001 to < ₹10,00,000

  • Cash Handling
    Free up to 5 times the previous month MAB
  • POS Rent
    2 POS Machines Free
  • Soundbox Rent
    3 Soundboxes Free
  • Demand Draft Charges
    Unlimited
  • MDR Charges
    Rs.1000 or actual MDR charges incurred whichever is lower
  • ERP Solution
    Available at Concessional Rate
  • Dedicated Relationship Manager
    Not Available

Tier 4

Monthly Average Balance: Above ₹10,00,000

  • Cash Handling
    Free up to 5 times the previous month MAB
  • POS Rent
    3 POS Machines Free
  • Soundbox Rent
    5 Soundboxes Free
  • Demand Draft Charges
    Unlimited
  • MDR Charges
    Capped at Rs.2000/- and an additional Rs.250/- waived for every Rs. 1 lakh of Previous MAB above Rs.10 Lakh or actual MDR charges incurred , whichever is lower
  • ERP Solution
    Available at Concessional Rate
  • Dedicated Relationship Manager
    Yes (Assistant Branch Head)

Applicable Charges

Monthly Maintenance Charges

Applicable if minimum MAB of ₹50,000 is not maintained.

  • MAB: ₹25,000 to < ₹50,000 ₹49 + GST
  • MAB: Less than ₹25,000 ₹99 + GST

Account Closure Charges

Applicable if account is closed after 14 days and within one year of opening.

  • Closure Charge ₹499 + GST