Product Dairy 2020

Product Navigator
SL No TOPIC PAGE RANGE
1 Deposits 2-23
2 Retail Lending 24-63
3 Agriculture 64-123
4 MSME 124-149
5 Government Sponsored Schemes 150-178
6 Employee Advances 179-191
7 Digital Products 192-219
8 Foreign Exchange 220-236
9 Credit Cards 237-245
10 Corporate Banking 246-250
11 Consultancy Services 251-255
12 General Products 256-261
13 Government Business Products 262-281
14 Non-financial Products 282-288
15 Associate Party Products 289-290
LOGIC - Product Diary 2020 1

1. DEPOSITS
1. SAVINGS BANK – GENERAL - 101

Purpose  A scheme facilitating to keep a portion of surplus of one’s earnings
at reasonably good interest rates to promote the habit of savings
and thrift among people.
 Intended for savings for future. No restrictions on number and
amount of deposit can be made on any day.
 Savings Bank Deposit is called the "Mother of all Deposits" (Cir
37/2008).
Eligibility  An account for individuals, non-trading organizations, permitted
institutions etc.
 Joint accounts: There is no restriction in number of persons.
 KYC to be adhered
 List of Eligible Institutions permitted by RBI for opening SB accounts
and earning Interest thereon (As per Manual of Instructions – SB/CA)
Primary Cooperative Credit Society financed by the Bank
Khadi & Village Industries Board
Agriculture Produce Marketing Committee.
Society registered under Societies Act or any other corresponding law
in force
Companies governed by Section 25 of Companies Act.
Government Departments, bodies, agencies in respect of Grants,
Subsidy released for implementation of various programmes,
sponsored by Central Government.
Development of Women and Children in Rural Areas (DWCRA).
Self Help Groups – Registered and Unregistered, Farmers Club, Vikas
Vahini.
Non corporate bodies viz clubs, societies, associations, schools etc.
Trust, Executors and Administrators.
All monies contributed to Provident Fund.
Capital Gains Account Scheme 1988.
 Foreign Students studying in India. KYC to be verified properly.
Permitted credits inward remittances from the country of the
student and scholarship from the local sources.
Non- List of Organizations/Institutions
Eligible  Government Departments, bodies depending on Budgetary allocation
for performance of the functions.
 Municipal Corporations, Committees, Panchayat Samithis

 State Housing Boards.
 Water and Sewage Drainage Boards.
 State Text book Publishing Co-operative Societies.
 Metropolitan Development Authority.
 State, District level Housing Corporations.
 Any Political Party.
 Any Trading, Business or Professional concern, where such concern is
Proprietary or Partnership firm or a Company.
Rate of  Rate of Interest on Savings bank is revised w.e.f. 01.04.2020. RoI for
Interest balance outstanding less than Rs. 50 lakhs is 3.10 % and RoI for
outstanding balance of Rs. 50 lakhs & above is 3.25%
 The interest calculated on daily product basis is credited on
quarterly basis on 1st of Feb, 1st of May, 1st of August and 1st of
November every year (from 1.05.2016). (252/2016)
Other Minimum Balance:
Features  Rural (with or without cheque book) – Rs. 500
 Urban, Metro & Specialized branches (with or without cheque book)
– Rs.1000
 In case of Joint account with illiterate person, operation condition
to be by illiterate or jointly: can be permitted by literate only if
“Authorization-cum-Indemnity letter is provided by the illiterate on
stamp paper with requisite value.
 Minimum amount of Deposit/Withdrawal is Rs.10.00
 50 debit entry free per Half Year, if debit entry exceeds (excluding
alternate channel) 50 per Half Year either by cheque or otherwise,
charges at Rs.10.00 per debit. (336/2014)
 Scale IV and above can permit TOD upto Rs.10000/- upon
satisfactory dealings for 6 six months
USP  Free DDs: Upto Rs.25000/- and upto 2 DDs basing on previous months
minimum balance. In case of new accounts, upto Rs.10000/- can be
issued free of charges without reference to minimum balance.
 Cheque Leaves: 20 cheque leaves free in a calendar year. Beyond 20
leaves, Rs.2.5 per cheque leaf MICR charges for Rural Individual. For
others, Chrages are Rs.3 per cheque leaf (beyond 20 cheque leaves)
(193/2013)
Ref Cir MOI on Current and Savings Bank Account, 37/2008, 193/2013,
336/2014, 252/2016,530/2019

2. PMJDY
Scheme Govt of India, Ministry of Finance has advised vide their letter
Guideline F.No.6/7/2018-FI (C-300383044) dated 7th September 2018 about the
continuation of the National Mission on financial Inclusion viz, Pradhan
Mantri Jan Dhan Yojana (PMJDY) beyond 28.08.2018, with the change in
focus of opening of Accounts from “every household” to “every
adult”.
The accounts opened under PMJDY are issued with Rupay debit card,
which covers accidental Insurance coverage to the extent of Rs.100000/-
and further accounts holders gets life insurance cover of Rs.30000/- (for
accounts opened upto 31.01.2015) subject to conditions specified
therein.
Ref RuPay insurance: 236/2015 & 438/2019

Circulars
3. PMJDY OD
Purpose  General purpose loan to provide hassle free credit to low income
group / underprivileged customers to meet their exigencies without
insistence on security, purpose or end use of the credit.
Eligibility  BSBD accounts, which are operated satisfactorily for at least six
months.
 OD to be granted to the earning individual.
 The account should be active with regular credits. Credits could be
from DBT or DBTL or from any other source. As per extant
guidelines outlined in PMJDY mission document-PMJDY account would
be the single point for receipt of all Direct Benefit Transfers (DB)
from the Central Government/ State Government / Local Bodies.
 Account should be seeded and authenticated with Aadhaar and Mobile
no. and mapped with NPCI. The mapping should remain and not to be
changed without the consent of the concerned bank which has
sanctioned the OD facility. NPCI to ensure this.
 BSBD account holder should not be maintaining any other SB account
with same bank to ensure compliance with RBI directives.
(Undertaking/declaration should be obtained from borrower).
 Aadhaar should be linked and authenticated demographically.
 Regular credits should be sufficient enough to service the interest

charged on OD account on yearly basis.
 Banks‟ request for overriding marking of PMJDY account shall be
considered by NPCI in cases where OD facility is permitted.
a) Age of applicant between 18 years to 65 years.
(Not eligible: Minors, KCC/GCC borrowers, more than one member of
the same family)
 Note: DFS to advise all the government departments that they should
endeavor to route all DBT benefits only through PFMS whereby the
number of eligible beneficiaries for overdraft under PMJDY scheme
will increase significantly.
Credit  Guarantee cover up to 60% of default amount is available under
Guarantee the scheme.
Cover  Guarantee fee to be borne by Bank.
Ref.  274/2015 & 498/2018.

Circulars
4. Basic Savings Bank Deposit Account (BSBDA) - 108

Eligibility An individual is eligible to have only one BSBD account in the Bank.
This account shall not have the requirement of any minimum
balance. Can be maintained with even Zero balance (No frill Account).
Subject to provisions of PML Act and Rules and RBI instructions on KYC
/ Anti-Money Laundering (AML) for opening of bank accounts issued
from time to time.
Other As per HO Circular 308/2019 following 5 basic minimum facilities, free
features of charge without any requirement of minimum balance are to be
provided
 Deposit of Cash at bank branch as well as ATM/CDM
 Receipt/credit of money through any electronic channel or by
means of deposit/collection of cheques drawn by Central / State
Government agencies and departments
 No limit on number and value of deposits that can be made in a
month.
 Minimum of 4 withdrawals in a month including ATM withdrawals
 ATM Card or ATM-cum-Debit Card
The above facilities will be provided without any charges
 4 withdrawal permitted free of charges, above this level, charges
will be levied Rs. 5.00 per withdrawal.
 Need based cheque books within the total entitlement, say 5 books
of 10 leaves in a year (as the max 48 withdrawals in a year).
 No Charges to be levied for non-operation/ activation of

inoperative “Basic Savings Bank Deposit.
 If a customer has any other existing savings bank deposit account in
that bank, he / she will be required to close it within 30 days from
the date of opening a Basic Savings Bank Deposit Account
 Branch may offer other liability products like Recurring Deposit or
Term Deposit to account holder under this scheme. However, if the
balance exceeds Rs. 50,000/- (maximum balance under the scheme
+ other deposits under 254 liability products) and the total credit
in one year exceeds Rs. 1,00,000/- then account would cease to be
Canara Basic Savings Bank Deposit account.
USP BSBD should be considered normal banking service available to all.
No minimum balance required.
Ref Cir 18/2013/70/2013/597/2013/208/2019
5. SB - Canara Champ Deposit – 109

Eligibility Scheme for Children up to the age of 12 years (i.e. till 11 years, 364
days).
KYC to be adhered
Other  Initial deposit can be any nominal amount with a min. of Rs.100/-
features  Minimum 2 credits in a half year, aggregating Rs.500 in Rural/Semi-
 Urban and Rs.1000 in Urban/Metro excluding interest has to be
made.
 Joint account cannot be opened under the scheme.
 Cheque books are not issued under the scheme.
 Transfer of balance in excess of Rs. 5000.00 for opening KD in the
name of the minor to get better rate of Interest on the deposit.
Maturity proceeds of the KD to be credited back to the originating
savings account.
 No penalty for non-maintenance of minimum balance
 Conversion of the account into regular SB account after the child
attains majority
 Free collection of cheques/ DDs up to Rs.25,000/- gifted to child
USP  A passport to Education Loan on preference if terms of transaction is
maintained.
Ref Cir  303/2006, 107/2007, 509/2014
6. SB – Jeevan Dhara – 110

Eligibility All Senior Citizens who have attained the age of 60 years and above.
Other  Initial balance zero, No Minimum Balance
features  Locker facility – for our pension a/cs holders @ 50% concession on

rent if average balance of Rs. 2 lakh is maintained on annual basis
and 25% concession on rent for others.
 Temporary Overdraft upto 50% of monthly pension on request after
15 days from last pension credit.
 Personal Accident Insurance covers (for pension a/c holders with
us) upto Rs. 2 lakhs covered subject to conditions.
 Health insurance under Easy Health Apollo Munich Health insurance
Product up to 65 years indemnity-based coverage is available by
paying premium at concessional rate.
Ref Cir 2/2014
7. SB - Staff – 111
Eligibility All the employees of our bank.
Other No Minimum Balance required. No photo is required
features Additional 1% preferential rate of interest over and above the existing
RoI on deposits.
Locker 25% concession on locker rent.
Charges
8. SB - Staff CGA – 115

Staff opening Capital gains account. No preferential rate of
interest.
9. SB – General Capital Gains Account CGA - 116

Purpose Deposit of sale proceeds of Property for getting exemption under
Section 54, 54B, 54D, 54F or 54G of Income-Tax Act.
Eligibility Accounts can be opened by an individual or on behalf of a minor,
HUF, a firm, a company or an association of persons or a body of
individuals. Joint Accounts cannot be opened under the scheme.
KYC to be adhered.
Other  Opening of account – Form A (NF 730)
features  Conversion of account – Form B
 Part withdrawal – Form C (NF 731)
 Withdrawal – Form D (NF 732)
 Closure – Form G (Forms are available in Appendix 15)
 Nomination –Form E Cancellation/Modify –Form F
 Closure by nomination/legal heirs - Form H
 3 nominations are permitted for Individual only.
 No nomination for other types of account.

 No cheque book is permitted
 No preferential rate of interest (Sr. Citizen and staff)
 TDS is applicable
 RoI as per HO guidelines
Types of Account can be in form of Savings /Fixed Deposit/Kamdhenu Deposit
account (Relevant product codes for FD/KD are provided in the list attached
with FD/KD Product Code)
NRE, FCNR cannot be opened
Current Account Capital Gains Scheme can be opened by Bohra
Muslim community only
SB FINANCIAL INCLUSION – 119

10.
Purpose Govt. of India initiative to extend banking facilities to all the
unbanked area/villages having population of over 2000 either account
opening by branch or BC module
Facilities Savings/small credit/remittance/insurance facilities/mutual fund
services etc. to the no frill account.
KYC to be adhered.
Maximum balance at any moment in the account is Rs.50,000.00 and
the total credit during a year Rs.1,00,000.00
Maximum withdrawal permitted is Rs.10,000.00 in a month
11. SB JUNIOR – 120

Purpose Minor students above 10 years and up to 18 years of age can open and
operated by self
Bank account independently
Features  Foreign remittance not permitted
 Personalized Junior Debit Card-Rupay
 Declaration to be obtained from parent / guardian
 The maximum withdrawal in savings bank account is restricted to ₹
5,000/- per day (including withdrawal through ATM).
 Debit Card with Cash withdrawal facility only, no POS withdrawal
or internet transaction
 Total Credit in such accounts should not exceed Rs.1 lakh per annum.
 Balance in the account not to exceed Rs. 50000 at any point of
time.
 The cheque leaves should bear the name as ―Canara Junior to
indicate that it is a minor account.

Ref Cir 602/2014
12. SB - Small Saving Bank Deposit - 127
Purpose The scheme is introduced mainly to give a fillip to the Financial
Inclusion objective, the Rules of Business includes the information
about the intent of the account holder to keep not more than
Rs.50,000/- in the account and total credit in one year is not
expected to exceed Rs.1,00,000/-. Further, the aggregate of all
withdrawals and transfers in a month should not exceed Rs.10, 000/.
Eligibility No stipulation of any initial deposit and minimum balance. Account
can be opened with zero balance and maintained with zero balance.
After opening account in this product, customer has to close all other
transaction accounts with the branch/Bank.
Prisoners account can also be opened in absence of KYC documents
No foreign inward remittance
Features  Canara Small Savings Bank Deposit Accounts can be opened with
relaxed KYC guidelines for those prospective customers who are
from lower strata/poor section of the society, migratory labours,
rural /village residents etc, where they may not be in a position to
submit both documents, i.e., proof of identity and proof of
address.
 A Canara Small Savings Bank Deposit Account shall remain
operational initially for a period of twelve months, and thereafter
for a further period of twelve months if the holder of such an
account provides evidence before the Bank of having applied for
any of the officially valid documents within twelve months of the
opening of the said account, with the entire relaxation provisions
to be reviewed in respect of the said account after twenty four
months.
 Maximum balance at any moment in the account is Rs.50,000.00
and the total credit during a year Rs.1,00,000.00
Maximum withdrawal permitted is Rs.10,000.00 in a month.
Ref Cir 396/2012, 616/2013
13. SB – National Scheme of Incentive to Girls for Secondary

Education (NSIGSE) - 128
Purpose The objective of the scheme is primarily to reduce school dropouts
and to promote the enrolment of girl child belonging to SC/ST
Communities in secondary schools by providing cash incentive by HRD,
GOI through State or UT government.
Eligibility All SC/ST girls who pass class VIII, and Girls who pass class VIII
examination from Kasturba Gandhi Balika Vidyalaya‟s (irrespective of

whether they belong to SC/ST) and enroll for class IX in State/UT
Government, Government aided or local body schools in the
academic year 2008-09 onward
Not Married Girl
Eligible Girl students studying in private unaided schools
Students enrolled in schools run by Central Government
Features  Copy of Student Identity Card with photo, date of birth and
authentication by school authorities.
 No objection from Natural guardian
 No minimum balance stipulation
 Account will not be classified as inoperative, when not operated
for two years or more and no charges
Ref Cir 19/2013
14. SB – Gen Y - 129

Purpose To target young generation prospective VIP customers.
Scheme is extended to all the branches which are permitted by circles
Eligibility IIT / IIM /NIT/IISC students who are sure of getting campus placement
and IAS / IFS / IPS trainees / State services trainees (already selected
And undergoing training)
Features  Nil Initial balance
 Nil Min balance
 Free Debit card and Welcome Kit to be given.
 Credit card with free personal accident insurance coverage for
 individual income Rs. 2 lac and above, first year free of charge.
 Credit card in form of Canara global gold card will be issued with
limit
 Rs. 1 lac.
Ref Cir 503/2013, 353/2014
15. SB – Defence - 130

Purpose Saving Bank Product specially designed for Armed forces and para
military forces
Eligibility Three variants of accounts viz. Silver, Gold and Platinum based on
their service cadre (Ref. 3/2014)
Features NIL minimum balance
Free Demat A/c opening
30% Concession in locker charges
PAI cover of Rs 3 Lakhs to Silver variants and Rs 5 Lakhs cover to gold
and Platinum cover is available

DDs: Issue of DD/Online funds transfer at par without any charges up
to per day limit of 1,00,000/- wherever salary /pension is being
Credited
Premature closure of deposits 50% of normal applicable penalty
charges to be collected.
Additonal Easy defence personal loan, who have not availed Canara Budget, 3
months Net Take Home Salary repayable in 12 months at special RoI
applicable to BSNL Employee & Other PSU
No processing charges
Ref Cir 3/2014
16. SB – Pay Roll - 131

Eligibility Minimum of 25 employees per organization should be drawing their
salary through direct credit by the employer to their Savings Bank
account. Regional Head has the discretion to relax the number of
employees to 10 in deserving cases.
Salary mandate from the employer for the credit of salary to the
Canara Payroll Package account is required.
Features  Account can be opened with zero balance. The initial credit could
be by way of cheque/ Credit of Salary / other instruments etc.
 Minimum monthly average balance of Rs.1000/= from the month
succeeding the opening of the account. Rs.100/- per annum to be
collected for non-maintenance of minimum balance
 Platinum Debit Card will be issued with daily Cash Withdrawal limit
of Rs.50000.
 Pass sheet once in 15 days through email wherever provided.
 TOD may be permitted in the account completed 6 months.
 Credit card free of charge based on income criteria.
 Sweep-in, Sweep out facility provided over Rs.15000.00 balance
 In case the monthly salary is not credited into the account for more
than three consecutive months, the special features offered under
the facility stands withdrawn and the account shall be treated as
Normal savings account and all charges shall be levied as
applicable
Ref Cir 148/2014
17. SB – Power Plus - 132

Purpose Designed to cater to needs of premier segment of customers who
would maintain a quarterly average balance of Rs.1 lac and above
Features  Account can be opened with zero balance. In case of non-

maintenance of minimum balance, a penalty of Rs.250 per quarter
will be levied till regularization
 Platinum Debit Card will be issued with daily Cash Withdrawal limit
of Rs.50000
 Preference in locker allotment. 25% concession in locker rent
irrespective of size in the first year. Free unlimited locker
operations.
 A/C closer charges Rs.1000 penalty + service charges, if closed
within one year.
 Auto sweep-in and sweep-out can be carried out as per customers
choice / request for balance beyond Rs. 1 lac.
Ref Cir 163/2014
18. SB – Saving Suraksha Scheme Insurance premium a/c- 135

Purpose This Deposit is devised with the basic objective for someone to Gift
PMJJBY & PMSBY coverage to their near and dear. This plan provides
for payment of not only first year premium but also future renewal
premiums.
Eligibility This Deposit could be Gifted only to persons aged between 18 to 50/70
years only (the eligibility age criteria of PMJJBY /PMSBY Schemes
respectively).
Features  Two-year premiums of respective schemes are to be retained in SB
account.
 Some amount will be kept in FD (code 470) in such a way that,
annual interest generated serves the premium amount.
 This deposit is opened for 10 years in the name of beneficiary, with
the auto renewal option
 Maintain interest payout in TD039, to cover annual premium.
 On beneficiary attaining age of 50/70, proceeds may be credited
his account.
 Cannot be accepted as security for any loan.
 No cheque book, mobile banking and net banking is permitted.
 No other transaction is permitted.
19. SB – Galaxy - 136

Purpose This is a combination of SB, DEMAT and OLT account
Eligibility It can be opened by all individuals Only. Joint accounts are
permissible. Average monthly balance of Rs. 50000 is to maintained to
get freebies.
Features  No Initial deposit / minimum monthly balance

 Waiver of AMC on Demat A/c, SMS, NEFT, RTGS charges from A/c
opening stage.
 Personal Insurance (Accidental death) cover of Rs. 500000/- is
extended free of cost.
 Opening Demat and Trading account is at the option of customer
 Account opening will trigger printing and dispatch of both
personalized debit card & cheque book. No need to feed data in
SAS/CHIPS package
Ref Cir 501/2015, 72/2016, 154/2017
20. SB – Mahila Savings account – No product code

Purpose Account for women.
Account can be opened under any saving product code.
Features  Free net banking, mobile banking etc in the account
 Locker operation – free unlimited operations.
 Debit Card with Photo
 Opening of Demat account with 10 % concession in charges.
21. Recurring Deposit (RD) – 181

Purpose A fixed amount saved on monthly basis for a period as desired by the
customer.
Eligibility Permitted to all types of customers.
Feature  Minimum Deposit Rs.50/- and in multiples of 50/-
 Minimum period 6 months and in multiples of 3 months thereafter
max.120 months
 Maturity on ostensible date/ or one month after payment of
final installment whichever is later (Ostensible date is the date
on which the account completes the aggregate period of deposit
as calculated from the date of opening the account).
 TDS is applicable on interest earned
 For RD which have not completed 3 months, but completed 15
days, only simple interest to be paid
Penalty Rs.1.50 per Rs.100/- installment per month in case of RD for 5 years
and less, Rs.2/- per Rs.100/- installment per month for RD over 5
years. Credit to Commission A/c Miscellaneous
22. Recurring Deposit (RD) –Staff – 182

RD opened by staff
23. Recurring Deposit (RD) –Ex-Staff –Sr. Citizen 188

RD opened by Ex-staff, who is a senior citizen and is entitled to get
preferential interest of 1 % (staff) and 0.5 % ( Sr. Citizen).
In other words, applicable RoI + 1.5 %
24. Recurring Deposit (RD) – Sr. Citizen - 190

RD opened by Individual, who is a senior citizen and is entitled to get
preferential interest of 0.5 % ( Sr. Citizen).
25. RD - Dhanvarsha- 186

Purpose A flexible amount saved on monthly basis for a period as desired by
the customer. An additional installment up to 10 times to earn higher
interest is permitted.
Eligibility Permitted to all types of customers.
Feature  Minimum Deposit Rs 500/- and in multiples of 100/- and
 Maximum: Rs. 1 lakh
 Minimum period 12 months and in multiples of 3 months thereafter
max.120 months
 Additional amounts deposited under flexi option are not considered
as prepayment for future installments.
 Deposits can be made any number of times in a given month in
multiples of regular installment
 TDS is applicable on interest earned
 All terms and conditions, other than specified above, as applicable
to Recurring Deposit Accounts
Penalty No penalty for delayed payment of installment
Ref Cir 596/2013
26. RD –Dhanvarsha - Staff – 187

RD opened by staff
27. RD –Dhanvarsha –Ex-Staff-Sr. Citizen – 189

RD opened by Ex-staff, who is a senior citizen and is entitled to get
preferential interest of 1 % (staff) and 0.5 % (Sr. Citizen).
28. RD –Dhanvarsha –Sr. Citizen – 192

RD opened by Individual, who is a senior citizen and is entitled to get
preferential interest of 0.5 % (Sr. Citizen).
29. Current Account (CA) - 201

Purpose Account for Traders, Businessmen, and Corporate bodies etc who
operate the account frequently for business purpose.
Eligibility  Before opening a CA branches should contact their General
Advances Section, CO and obtain a confirmation through FAX/email
regarding verification of CRILC database and ensure that the
prospective customer is not enjoying credit facilities from other
banks.
 In case customer enjoying credit facilities with other banks and
account is better than of SMA-1 Category, branch opening CA
should request lead bank for NOC/Permission. If NOC not received,
branch can open.
 In case of SMA-1 and above, permission from Lead Bank is must.
 If the lender bank at any point of time after opening of the Current
Account objects to the same, especially indicating irregularity in
accounts, the Current Account holding branch (non-lender) needs
to close such accounts by providing due notice (30 days).
 Minimum balance Rs.1000 for Rural / Semi - Urban branches and
 Rs.5000 Urban / Metro branches.
 Purdanishin Women CA not to be opened generally. However, they
can be opened with prior permission of MIPD section of respective
CO.
 Illiterate persons CA: Manager/SM can take decision and open.
 Accounts with Minor as Proprietor: Should not ordinarily be
opened.
 However, there is no bar in opening such accounts, but over
drawings not to be permitted
 KYC to be adhered
RoI No Interest on CA. Interest at SB rate in case of deceased parties.
RRBs sponsored by us ONLY may be paid interest as advised by HO
Features While opening current accounts, branches to obtain a declaration
from the prospective account-holder without fail to the effect that
he/she is not enjoying any credit facilities with any other banks, and
above guidelines reiterated. (450/2019)
Ref Cir MOI on Current & Savings Bank Account, Cir 288/2016, 473/2018

30. Current Account (CA) – Privilege – 214
Purpose CA opened with special benefits to customer and all other conditions
as applicable to general CA
Eligibility Quarterly average balance of Rs.1 lac and above is to be maintained.
Benefits Cash handling charges free up to Rs.5 Lakhs per day for de-
Nominations of Rs.100 & above.
Issue of DDs / RTGS / NEFT - Free of charge.
Free cheque books up to 500 cheque leaves per annum.
Platinum Debit Card will be issued with daily Cash Withdrawal limit of
Rs. 50000 and with personal accident death insurance
Penalty Rs.1000/ per Quarter for the quarter of non maintenance.
Account closed before one year, Rs. 2000 penalty+ service charges
Features Auto sweep facility available for balance over Rs.1.00 lakh in steps and
period opted by the customer
31. Current Account (CA) – - 287

Purpose CA opened by branch for collection of non CBS DDs
Branch to ensure zero balance on daily basis.

Purpose CA opened by branch for collection of LCDBs.

Purpose CA opened by branch for collection of salary clearing cheques and for
multiple credits.

Purpose CA opened by branch for tax remittance with respect branch TDS
payments.
35. Call Deposit

Purpose Security deposit for any contract
Eligibility Can be accepted from contractors for submission to government
departments
ROI No Interest is payable.

Other Payable on Demand
features Treated as Current Account as per norms of RBI
No loan permitted against this deposit.
No cheque book.
36. Ashraya Deposit – Product Codes as per list

Features  Persons completed age of 60 years and above at the time of
opening account.
 NRI not eligible
 All other terms and conditions as applicable to FD/KD
 Additional interest of 0.5 % is applicable.
37. Capital Gains Deposit – Product Codes as per list

Features  Deposit of sale proceeds of Property for getting exemption under
 Section 54, 54B, 54D, 54F or 54G of Income-Tax Act.
 May be opened in FD/KD by individuals/NRE/NRO
 All other terms and conditions as applicable to FD/KD/SB
 Permission from IT authorities before closure
 Auto renewal is not permitted under this scheme
38. Tax Saver Deposit – Product Codes as per list

Features  Investment is Tax saving under Section 80C of Income Tax Act,
1961
 Min. Deposit Rs. 100 Max. Rs.1.5 lakh
 Period: 5 years only
 Joint account up to 2 persons only
 Senior Citizen is eligible for preferential ROI of 0.5%
 Employee/Ex-employee/ Senior citizen ex-employee is eligible for
preferential ROI of 1%.
 May be opened in FD/KD by individuals/NRO/HUF
 No loan against the deposit and no closure before maturity except
death claim settlement.
 Not to be accepted as collateral security, hence no pledge
Ref Cir 259/2012, 72/2015

39. Bulk Deposit – Product Codes as per list
Features  Single rupee term deposit of Rs. 2 crores and above is called bulk
deposit.
 The rationalized upper limit for accepting single term deposits at
branch level, has been fixed to less than Rs.10 Cr with effect from
01.04.2020 at the card rate, without referring to business
planning section, S P &D wing, HO. However, if branches are
desirous of quoting deposits with validity period/ preferential
rate, then permission has to be taken from business planning
section, S P &D wing, HO through their respective Circle offices.
 Rs 10 Cr & above Permission from T & I Division, Integrated
Treasury Wing, Mumbai is mandatory.
 May be opened in FD/KD by individuals/NRE/NRO
40. Callable and Non-callable Deposit – Product Codes as per list

Features  All bulk Deposits are can be accepted as callable or non-callable.
 Callable deposit can be closed before maturity without penal cut
and interest payable will be at the rate prevailing on the date of
opening for the period run.
 Non-Callable deposit cannot be closed before maturity and
minimum period is 46 days for other than Individuals/HUF. Auto
renewal is not permitted under this scheme. Deposit is not
accepted for more than 5 years period.
 Option letter from the customer for type of bulk should be
obtained at the time of opening.
 May be opened in FD/KD
Ref Cir 58/2015
41. Fixed Deposit (FD) – Product Codes as per list

Purpose Invest a lump sum in deposit for a fixed term and receive interest
payment on maturity or periodically as per customer‟s request.
Eligibility  Minimum deposit: Rs.1000/-: Maximum no ceiling
 Period: Minimum 7 days for deposits of Rs.5 lacs and above
 and 15 days for less than Rs.5 lacs deposits. Maximum 120 months.
 However, under Court Orders deposits can be accepted even for

 periods exceeding 10 years
 KYC to be adhered.
Interest  Interest on fixed deposits can be paid at Monthly/Quarterly/Half
yearly/yearly intervals or on maturity.
 Interest paid on monthly basis will be at discounted rate.
 Interest paid on quarterly basis will be at simple rate of interest.
 Interest paid on half yearly/yearly may be Compounded, provided
minimum amount is Rs. 5000/- and minimum period is 2 years and
thereafter in steps of six months.
 Interest payout instructions are to be maintained in TD039.
 Staff is eligible for 1 % preferential rate of interest.
 Additional interest of 0.50% is e made available for Retail Term Deposits
(RTD- less than Rs. 2 cr) of senior citizens with tenor of 180 days and
above
 Ex-staff and Sr. Citizen is eligible for 1.5 % additional ROI.
Penalty Before maturity, penal cut of 1 %.
Overdue  Term deposit not paid or renewed on due date will be treated as
overdue and the interest will be paid at prevailing SB rate for
overdue period.
 Renewal of overdue deposit is treated as fresh from the date of
presentation.
Feature  Multiple Part withdrawal in multiples of Rs.1000 is permitted and
rest of the deposit continues to earn contracted rate of interest.
 TDS is applicable if the annual interest amount exceeds Rs. 40000
for general and Rs. 50000 for senior citizen.
 TDS will be at the rate of 10 % and 20 % for non-PAN entrants.
 TDS Waiver: 15G/H (for Sr. citizen) may be obtained and punched
in TDS03 on fresh deposit/renewal and once in a year preferably in
the month of April till the closure of deposit.
Ref Cir MOI on Term Deposit
Various product codes related to FD are as
301 FDR GENERAL MATURITY INTEREST 365 FDR NRE HALF YLY COMP INTEREST
302 FDR GENERAL MONTHLY DISCOUNTED INT 366 FDR NRE YEARLY COMP INTEREST
303 FDR GENERAL QUARTERLY INTEREST 363 FDR NRE QUARTERLY INTEREST
304 FDR GENERAL HALF YEARLY INTEREST 364 FDR NRE HALF YEARLY INTEREST
305 FDR GENERAL HALF YLY COMP INTEREST 372 FDR CANARA TAX SAVER (MONTHLY INT)

306 FDR GENERAL YEARLY COMP INTEREST 373 FDR CANARA TAX SAVER (QLY INT)
307 FDR MATURITY IN DAYS 386 FDR GENERAL - 7 TO 14 DAYS DEPOSIT
311 FDR STAFF MATURITY INTEREST 387 FDR COURT DEPOSIT-MONTHLY DISC
312 FDR STAFF MONTHLY DISCOUNTED INT 444 FDR COURT DEP QUARTERLY INTEREST
313 FDR STAFF QUARTERLY INTEREST 445 FDR COURT DEP HALF YEARLY INTEREST
314 FDR STAFF HALF YEARLY INTEREST 451 FDR STF/ EX-STF CAN TAX SAVER MTHLY
315 FDR STAFF HALF YLY COMP INTEREST 452 FDR STF/EX-STF CAN TAX SAVER QTRLY
316 FDR STAFF YEARLY COMP INTEREST 453 FDR STF/EX-STF CAN TAX SAVER HLFLY
317 FDR STAFF MATURITY IN DAYS 454 FDR CAN TAX SAVER SR CTZN MNTLY INT
323 FDR CGA - DAYS AND QTRLY INTEREST 455 FDR CAN TAX SAVER SR CTZN (QLY INT)
324 FDR CGA HALF YLY INTEREST 457 FDR EX STF SR CTZN MNTLY INT
325 FDR CGA HALF YLY COMP INTEREST 458 FDR EX STAFF SR CTZN QRTRLY INT
326 FDR CGA YEARLY COMP INTEREST 459 FD EX STF SR CTZN HALF YRLY INT
327 FDR CGA 7-14 DAYS 460 FDR EX STF SR CTZ MATURITY INTEREST
331 FDR SENIOR CITIZEN MATURITY INT 461 FDR EX STF SR CTZN 7-14 DAYS
332 FDR SRCITIZEN MONTHLY DISCOUNTED 466 FDR - NC - INTEREST ON MATURITY
333 FDR SR CITIZEN QUARTERLY INTEREST 467 FDR - NC - INTEREST MTHLY DISCOUNT
334 FDR SR. CITIZEN HALF YEARLY INT 468 FDR - NC - INTEREST QUARTERLY
335 FDR SR. CITIZEN HALF YLY COMP INT 469 FDR - NC - INTEREST STAFF QUARTERLY
336 FDR SR. CITIZEN YEARLY COMP INT 470 FD - JEEVAN SURAKSHA INS PREMIUM
337 FDR SENIOR CITIZEN MATURITY IN DAYS 471 FD - NC - H/YRLY INT
351 FDR NRO MATURITY INTEREST 472 FD - NC - YRLY INT
352 FDR NRO MONTHLY DISCOUNTED INT 473 FD - NC - SPL - H/YRLY INT
353 FDR NRO QUARTERLY INTEREST 474 FD - NC - SPL - YRLY INT
354 FDR NRO HALF YEARLY INTEREST 476 FDR SR CTZN - 7 TO 14 DAYS DEPOSIT
355 FDR NRO HALF YLY COMP INTEREST 477 FD EX STF SR CTZ H/YRLY COM INT
356 FDR NRO YEARLY COMP INTEREST 478 FD EX STF SR CTZ YRLY COM INT
362 FDR NRE MONTHLY DISCOUNTED INT 479 FD EX STF SR CTZ MATURITY IN DAYS

42. Kamadhenu Deposit (KD) – Product Codes as per list
Purpose Invest a lump sum in deposit for a fixed term and receive interest
payment on maturity.
Eligibility  Minimum deposit: Rs.1000/-: Maximum no ceiling
 Period: Minimum 5 months. Maximum 120 months.
 However, under Court Orders deposits can be accepted even for
periods exceeding 10 years
Interest  Interest will be paid on maturity.
 No interest will be paid if closed before completion of 15 days.
 Staff is eligible for 1 % preferential rate of interest.
 Additional interest of 0.50% is made available for Retail Term Deposits
(RTD- less than Rs. 2 cr) of senior citizens with tenor of 180 days and
above
 Ex-staff and Sr. Citizen are eligible for 1.5 % additional rate of
interest.
Penalty Before maturity, penal cut of 1 %.
Overdue  Term deposit not paid or renewed on due date will be treated as
overdue and the interest will be paid at prevailing SB rate for
overdue period.
 Renewal of overdue deposit is treated as fresh from the date of
presentation.
Feature  Multiple Part withdrawal in multiples of Rs.1000 is permitted and
rest of the deposit continues to earn contracted rate of interest.
 TDS is applicable if the annual interest amount exceeds Rs. 40000
for general and Rs. 50000 for senior citizen.
 TDS will be at the rate of 10 % and 20 % for non-PAN entrants.
 TDS Waiver: 15G/H (for Sr. citizen) may be obtained and punched
in TDS03 on fresh deposit/renewal and once in a year in the month
of April till the closure of deposit.
Ref Cir MOI on Term Deposit
401 KAMADHENU DEPOSIT GENERAL 427 KDR-COURT DEPOSIT GENERAL
402 KAMADHENU DEPOSIT STAFF 432 KDR SR CTZ GENERAL DAYS
403 KAMADHENU DEPOSIT CGA 433 KDR - GENERAL - DAYS
404 KAMADHENU DEPOSIT SENIOR CITIZEN 434 KDR CANARA TAX SAVER SR CTZ
405 KAMADHENU DEPOSIT CGA SR CITIZEN 436 KDR CANARA TAX SAVER STAFF
406 KAMADHENU DEPOSIT NRO 440 KAMADHENU DEPOSIT EX STAFF SR CTZ
407 KAMADHENU DEPOSIT NRE 441 KDR - NON-CALLABLE DEPOSIT

410 KDR CANARA TAX SAVER 442 KDR STAFF- NON-CALLABLE DEPOSIT
412 KDR CANARA TAX SAVER NRO 443 KDR - NON-CALLABLE DEPOSIT DAYS
43. New Nitya Nidhi Deposit (NNND)

Purpose Collection of deposit at doorstep of small vendors by authorized
agent.
Eligibility  Minimum deposit: Rs.1/-: Maximum: Rs. 1000 per day
 If the collection under any NNND account on any day exceeds the
permissible limit of Rs.1000/- (permitted to accumulate upto
maximum of 5 days), no commission should be paid to the NNND
for the exceeding amount.
 Period: 12m, 39m 63m.
Interest  1.5 % - 12m 2 % - 39/63m
 No interest if closed within 1 year and also no commission to
agent.
Feature  If no remittances are there in the account continuously for 2
calendar months, the account is treated as LAPSED. For revival,
Rs.2 revival charges
 The areas of business operation are classified into 3 viz., “A” area,
“B” area and “C” area. The Deposit Collectors in “A” area are
required to collect minimum of Rs. 5 lacs in each month and Rs. 15
lacs in a quarter, the Deposit Collectors in “B” area are required to
collect minimum of Rs. 4 lacs in each month and Rs. 12 lacs in a
quarter and the Deposit Collectors in “C” area are required to
collect minimum of Rs. 3 lacs in each month and Rs. 9 lacs in a
quarter. (w.e.f. 07.10.2013)
 On collection of Rs. 3 lacs in a month, a Deposit Collector would
get fall back wages of Rs.8000/- and conveyance allowance of Rs.
750/- (flat rate) per month irrespective of area.
 On a collection of over and above Rs. 3 lacs and upto Rs. 5 lacs, all
Deposit Collectors, irrespective of their area of operation will earn
incentive remuneration of 3%.
 On collection of over and above Rs. 5 lacs, a Deposit Collector
would get incentive remuneration of 2%.
 In case of failure of a Deposit Collector to meet minimum standard
of collection as applicable to their area of operation consecutively
for two quarters of a year, his contract of service would be
terminated by the Bank without any further notice to him.
 TDS on NNND agent’s commission: For IT purpose, salary & gratuity

are to be treated as salary and accordingly calculations/deduction
to be done (Memo no.17/2008).
 Gratuity paid to NNND agent to be debited to general charges
gratuity paid to NNND (Cir 160/05)
44. Zero Interest Deposit – 599

Purpose Back end subsidy of customer provided by the Govt./Semi Govt.
Bodies are kept in Term deposit, which do not earn interest and are
kept as deposit for the lock in period.
Deposit is opened in the name of borrower (customer ID), for whom
the subsidy is allotted and for whom loan is given.

2. RETAIL LENDING PRODUCTS
1. HOUSING LOAN
Purpose Purpose:
 For construction / purchase / repairs / additions /
renovations of residential house / flat including the purchase
of land and construction thereon.
 For taking over of the Housing Loan liability with other
recognized Housing Finance Companies, Housing Boards, Co-
operative Banks, Co-operative Societies and Commercial
Banks at our prevailing low rate of interest.
Eligibility  Salaried individual with two years aggregated regular,
continuous and confirmed service.
 Age of the borrower –relaxations permitted as per delegation
of authority based on risk rating.
 In case of self-employed persons: should be in business for
minimum 3 years, this minimum period of 3 years in
business/profession can be relaxed upto 1 year by GM/DGM-
CO-CAC (Circle Head) upto their delegated powers & above
authorities upto their respective delegated powers.
Quantum  Six years gross income by respective sanctioning authority.
 Agriculture Income can be considered for both salaried and
non-salaried individuals if land records support it and income
is reported in Income tax return though not taxed.
 The Income of Spouse/Father/ Mother/Son/Unmarried
Daughter may be added for computing the quantum of
eligible amount of Housing Loan and also to determine
repayment capacity (NTH) by the respective Sanctioning
Authority, subject to their joining as Co-borrowers and
fulfilling the eligibility norms. Income of brother/sister MAY
NOT be added for this purpose.
Margin 10% to 25%
Security Mortgage of the House/Flat
Nature of Long Term Loan – Retail
Facility &
Classification
Rate of interest Linked to RLLR and is based on Risk Rating of the borrower.
Women beneficiaries have 0.05% concession.
Other features  In case of construction of a house, Builders All Risk Insurance

should be obtained till completion of construction, followed
by comprehensive insurance after completion.
 Inspection of house property to be completed Within one
month from the date of mortgage and thereafter once in a
year. Tax paid receipt to be verified once in a year.
Inspection is waived, where HL installments are regular.
 Photograph of building to be obtained at each stage of
construction and to be countersigned by Officer/Manager who
visited with site, with date seal.
 Post Dated Cheques (PDCs) may be obtained by the
respective sanctioning authority only in Retail Asset Hub
(RAH) [renamed as Housing & Mortgage Loan Centers] AND
Central Processing Unit (CPU) duly verifying pass sheet of
salary account for past 6 months.
 Reimbursement:
o Circle Head and above authorities at HO, within their
delegated sanctioning powers not exceeding 25% of the
loan amount. Such reimbursement to be claimed within 3
months from the date of incurring the expenditure.
o Where housing loan is granted for purchase of site and
construction of house there on, the borrower should start
construction of the house within a maximum period of
twelve months from the date of disbursement of the
housing loan.
o In case of Composite Housing Loans i.e., Loan for purchase
of plot and construction of residential house thereon,
utilization of loan amount for purchase of plot to be
restricted to 60% of eligible/sanctioned loan amount.
Repayment Maximum of 30 years
The residual life of the property must be 10 years more than the
repayment end date in all the cases.
Commencement of repayment:
 Ready built house/flat: Two Months from the date of first
disbursement.
 Construction of House: 2 months after completion of House
OR 24 months from the date of first disbursement whichever
is earlier.
 Flat under construction: 2 months from completion of
construction or 36 months from the date of first
disbursement, whichever is earlier.

USP Flexible Schemes for different segments for a long-standing
relationship. Besides a source for 3rd party products.
Ref. Circulars 332/06, 19/07 152/07,241/08, 329/09, 30/10, 37/11, 209/11,
212/11 ,126/12, 160/13,391/13 498/13, 10/14,468/14, 564/14,
133/15, 315/15 271/16,363/16,632/16,12/17,279/17,282/17,
329/2018, 477/2018, 185/2019, 572/2019,142/2020
Variants of 1. Housing Loan - Yuva Awas Rin : (565/2014) Salaried youth
Housing Loans aged between 21-45 years with 2 years of confirmed service.
2.Housing Cum Solar Loan : (86/2016)

The Scheme consists of Two Loan Components
1. Housing Loan Component
2. Solar Loan Component
 Loan to individuals for installation of Grid connected
Rooftop Solar Photovoltaic
 Loans can be sanctioned along with fresh Housing Loan.
 Loans can also be sanctioned independently with
subsisting Housing Loan if the track record of the existing
Housing Loan is good.
3.Housing Loan to Agriculturists: (552/2013)

Housing loan to All agriculturists owning and cultivating
agricultural lands of more than 5 acres for the following
category of borrowers:
- Agriculturists
- Dairy and Allied activity Farmers
- Planters
- Horticulturists
4. Housing Loans to NRIs: (497/2013)

All Non-Resident Indians having valid Indian passport and Persons
of Indian Origin
 Minimum age 21- years and maximum age by which loan is
to be repaid is 60 years.
 Spouses and close relatives of NRIs who are residents can
join with NRI as joint applicants.
 Steady source of income and minimum employment in
abroad is 2 years having valid job contract/work permit.
 The applicant should have NRI status for at least 3 years.

2. HOUSING LOAN CANARA KUTEER
Purpose  For acquiring a residential site and constructing a house
there on
 Acquisition and purchase of new or old dwelling units
 Construction of house on already owned site / Plot
Eligibility 1. Individual house hold Income in Rural, Urban and Metro Areas:
2. Members of Self-Help Group in Rural, Urban and Metro Areas:
a) Up to ₹1,00,000/- p.a.
b) Above ₹1,00,000/- & up to ₹3,00,000/- p.a.
Quantum  Maximum quantum of loan:
o For Household income of Up to ₹1,00,000/- p.a: ₹
5,00,000/-
o For Household income of above ₹ 1,00,000/- & up to ₹
3,00,000/- p.a: ₹ 10,00,000/-
 Components of Project Cost:
o Cost of Land/Flat or Construction Cost
o Cost of Installing Solar Lighting System
o Cost of ASTRA Smokeless Choola.
 If loan is covered under Govt. sponsored Scheme, subsidy will
be a part of the project cost.
 NTH Shall not fall below 60% of Gross annual income (Cutback
not exceeding 40% of Gross annual income)
Security  Mortgage of Residential site/Property.
 Third Party guarantee waived.
 Eligible loans in Urban areas shall be covered under Credit
Risk Guarantee Fund Scheme for Low Income Housing (CRGFS)
of NHB.
Other features  Suitable economic activity may also be financed to the

household to augment their income.
 If required, beneficiaries shall be given free training for Skill
Development or Economic Development in SIRD or RUDSETI
 Income Certificate: Applicant has to submit the Income
Certificate from the Revenue/Designated Authority.
 The dwelling unit shall invariably have provision for toilet,
which may be financed by the Bank/sponsored by the State
Govt.
 NGOs/SHGs/Govt. Departments can also sponsor
beneficiaries.
 Eligible loans are covered under Credit Risk Guarantee Fund
scheme of NHB. The Bank will absorb one-time guarantee
fee.

Repayment Not exceeding 30 years or 75 years of age of the borrower
whichever is earlier
Ref. Circulars All other terms & conditions are as applicable to Housing Loan
scheme Guidelines.
3. CANARA HOME LOAN SUPER GAIN

Purpose For purchase of House/flat/plot of land.
Construction/extension/repair/renovation of new/ second hand
residential flat /house
Eligibility Facility shall be made available to new as well as existing Home
Loan (sanctioned/outstanding amount) of Rs.20.00 lakhs and
above.
After full disbursement of the Housing Loan and payment of 1st
EMI any amount parked in Canara Home Loan Super Gain (CASA)
linked, Saving Account shall be eligible for benefit of interest.
Quantum Minimum: Rs 20.00 lakhs, Maximum: No upper Limit
Margin As applicable to Housing Loan Scheme.
Security As applicable to Housing Loan Scheme.
Nature of Housing Loan as Term Loan up to Sanctioned Amount with EMI.
Facility & Classification- As applicable to Housing Loan
Classification
Other features  Any credit balance available in the linked saving account at
the end of the day will be considered as advance payment
made in linked home loan account. Consequently, the
Borrower will get the interest benefit in housing loan to the
extent of balance available in the Saving Account at the end
of the day.
 For servicing the monthly instalment (EMI) the drawdown of
EMI shall be done from linked Saving Account only.
 Linked Saving account shall be enabled with additional
facilities like ATM, Internet Banking.
 The extant guidelines applicable to Housing Loan Scheme of
bank, including those for interest rate, margin, repayment,
penal interest, pre-closure penalty etc., shall also be
applicable to Loans sanctioned under “Canara Home Loan
Super Gain (CASA) Scheme” facility.
 House property shall be taken as security for the facility
extended as per the Housing Loan Scheme.
 Interest is charged on net balance i.e. balance in Term Loan
minus balance in linked Saving Account with monthly rests.
 No extra charges to avail this loan.

 The processing& documentation fee is the same as per
Housing Loan guidelines.
 The rate of interest applicable to the Saving Account will be
configured as zero.
 Servicing of interest during moratorium period is applicable
as per the Housing Loan Scheme Guidelines.
Repayment/ As per extant guidelines applicable to Housing Loan guidelines.
Tenor Not Exceeding 30 years of Repayment (Including repayment

holiday period) or 75 years of age whichever is earlier.
USP  Parking surplus money: It would be advisable for customers
to start using this account for parking all their surplus money
in this account. The amount parked will reduce the interest
burden on home loan and at the same time it will be
available for use as and when required. It will decrease the
principal amount on which the interest is charged and thus
the overall interest amount is reduced. Finally borrower ends
up in paying the lesser interest in the home loan cycle
compared to normal Housing Loan Loan.
 No extra charge: There is no extra charge for opening a
Canara Home Loan Super Gain(CASA). All that an applicant
needs to do is to submit the necessary documents and their
account will be opened. However, this account can only be
opened for Housing Loan of `20 lakh and above.
 Withdrawal at any time: The surplus amount parked in
Canara Home Loan Super Gain(CASA) linked Saving Account
can be withdrawn any time. The rate of interest applicable
to the Saving Account will be configured as zero. The money
can be withdrawn for any propose and can make all
transactions like credit card payments, shopping, and
payments of utility bills and so on.
 Lowers interest on Home loan: Any credit balance available
in the linked saving account at the end of the day will be
considered as advance payment made in linked loan account.
Consequently, the Borrower will get the interest benefit in
housing loan to the extent of balance available in the Saving
Account. That is the Bank will calculate home loan interest
on the loan outstanding minus balance in the linked Saving
Account.
 Multipurpose use: The Home loan linked Saving account can
be used for a variety of purposes using different instruments.
It can be used to pay bills such as electricity, shopping Credit
card payments etc. Both Cheque books and net banking

facilities are also available just as with a regular savings or
current accounts. This opens up new financial options for an
individual.
 Better investment: Compared to investment in FD account,
the investment made in the Canara Home Loan Super
Gain(CASA) linked saving account fetches reasonable returns
with no risk to amount invested. The money invested can be
withdrawn any time and interest saved / earned is also
higher by 1 to 2 %. This would make it a much better
investment.
 Tax benefits: Income tax benefits for amount repaid as
principal and interest is applicable similar to Housing Loan
Housing Loan Scheme.
 ATM services: An individual can also avail ATM services on a
Canara Home Loan Super Gain(CASA) linked saving account.
This makes the withdrawal of cash from the account much
easier.
 Advantage to the Bank: There is a scope for increase in
CASA Deposit as well as improvement in our Housing Loan
Portfolio.
 Cheque Book, Internet Banking facility for operation in the
loan account, ATM cum Debit card shall be issued after full
disbursement of sanctioned amount.
Ref. Circulars 142/2020
4. PRADHAN MANTRI AWAS YOJANA (PMAY)
Purpose Purchase/ Construction of House/Flat, Repair work and addition

of rooms to make pucca house for EWS & LIG beneficiaries.
Central Govt. launched this scheme as “Housing for all by
2022”
Beneficiaries of Middle-Income Group (MIG) seeking housing loan

for purchase, repurchase and construction of house will be
eligible for subsidy (Repairs/renewals/extension of house is not
eligible for subsidy under the scheme).
Eligibility  Age: Age of the beneficiaries shall be 21 years to 60 years.
However, if the age of the Family Head/Beneficiary is more
than 55 years, the major legal heir to join the loan.
 Income: Household income for

o EWS shall be up to Rs 3 lacs

o LIG beneficiary, shall be above Rs 3 Lacs and up to Rs 6
Lacs. Self-declared income certificate/ affidavit up to Rs
2.5 Lacs income is acceptable.
o MIG-I: Households having an Annual Income between
Rs6,00,001 uptoRs12,00,000
o MIG-II: Households having an Annual Income between
Rs12,00,001 uptoRs18,00,000
 Carpet Area: The carpet area (The carpet area is the area
within the walls, actual area to lay the carpe)of house being
constructed should be
o EWS: upto30 sq. meters, LIG: 60 Sq. meters. Even if the
borrower constructs the house in larger area, Interest
subsidy is available for first Rs.6.0 lakhs loan only.
o MIG-I: should not exceed 160 Sq. Mtr.
o MIG-II: should not exceed 200 Sq. Mtr.
 Other Conditions: A beneficiary family will comprise

husband, wife, unmarried sons and/or unmarried daughters.
The beneficiary family should not own a pucca house (an all-
weather dwelling unit) either in his/her name or in the name
of any member of his/her family in any part of India.
 An adult earning member can be treated as separate
household, In the case of a married couple, either of the
spouses or both together in joint ownership will be eligible
for a single house, subject to income eligibility of the
household under the Scheme.
 Preference under the scheme shall be given to Manual
scavengers, Woman, Persons belonging to SC/ST/other
Backward Classes, Minorities, Persons with disabilities and
Transgenders subject to beneficiaries being from EWS/LIG
segments.
 All Statutory Towns as per Census 2011 and towns notified
subsequently will be eligible for coverage under CLSS for
MIG. Planning Areas as notified with respect to the Statutory
Town and which surrounds the concerned municipal area will
also be covered under the Scheme.
 As per Aadhaar Act, the Aadhaar consent is mandatory for
eligible beneficiaries of PMAY(U)- CLSS. (Cir. 77/2020)
Quantum  4 TIMES of gross annual income as per latest ITAO or
acknowledged copy of the IT Return/Form 16 or Income Proof
Certificate issued by the competent authority in case of non-
income-tax assessee beneficiaries.

 However, a higher quantum upto 8 times their gross annual
income can be sanctioned by, RAH Head /RO Head-CAC/AGM-
CO-CAC/DGM CO-CAC and above authority as per their
delegated powers.
 Minimum percentage of Net Income/NTH should be 25% of the
gross salary (after meeting the instalment for the proposed
HL and any other EMIs with other banks/FIs) at the time of
availing the loan, subject to a minimum of Net Income/NTH
at Rs.10,000 p.m. in all cases.
Margin For EWS/LIGMIG I & MIG II
 New House/Flat: loan quantum upto 30 lacs: 10%
loan amount above 20 lacs: 20%
 Margin for upto 10-year-old House/Flat: 20% irrespective of
loan amount
 Margin for above 10-year-old House/Flat: 25% irrespective of
loan amount (CIR 185/2019)
 In case of repairs and renovations, expansion of existing unit,
up gradation and creation of additional amenities, a uniform
margin of 25% on project cost irrespective of HL amount.
Security  EMT of the House/Flat to be purchased or constructed.
 All the EMT transactions are to be registered with CERSAI
without delay (HO Cir. 26/2020 dt.08.01.2020).
 Loans sanctioned under the scheme without third party
guarantee up to Rs. 8.0 lacs were to be covered under
CRGFTLIH and one-time guarantee fee were absorbed to GC.
Nature of Product Code- 630Term Loan
Facility & As per Priority Sector guidelines for housing loan.
Classification
Other features  For EWS and LIG Beneficiaries: No processing fee for housing
loan up to Rs.6 lacs.
 For MIG-I and MIG-II Beneficiaries: No processing fee for
housing loan up to Rs.9 lacs and Rs.12 lacs respectively
Repayment To be repaid normally in EMIs within 30 years, and exit age of
borrower up to 70 years, whichever is earlier, including the
maximum moratorium period of 18 months. However, the
interest subsidy will be applicable for tenure up to 20 years only.
USP  LIG and EWS beneficiaries: eligible for an interest subsidy
@6.5% for tenure of 20 years or during tenure of loan
whichever lower.
 MIG-I beneficiaries: eligible for an interest subsidy @4% for
tenure of 20 years or during tenure of loan whichever lower.
However, eligible housing loan quantum for getting interest

subsidy is upto Rs.9 lacs
 MIG-II beneficiaries: eligible for an interest subsidy @3% for
tenure of 20 years or during tenure of loan whichever lower.
However, eligible housing loan quantum for getting interest
subsidy is upto Rs.12 lacs.
Ref. Circulars 144/2019, 185/2019, 312/2019, 13/2020
5. HOUSING LOAN TO CORPORATE

Purpose Home Loans to Corporate Entities (Public & Pvt Ltd Companies,
Partnership Firms including LLPs) for construction (house / Flat)/
acquisition of Residential Units (ready built House / Flat/ Flats
under construction) in the name of the Company for use by their
Directors/ Promoters and their Employees. Can also be financed
for taking for taking over of housing loans from other finance
companies / financial institutions/ Banks.
Eligibility  All the partnership firms/PVT LTD Companies/ltd companies /
LLP‟s with satisfactory track record of at least three years
 The firm/ company must be profit-earning unit in the last three
years.
 Existing loan account of the Company, if any, should be regular
and standard and should not have been restructured during the
last three years.
 SPV/ Subsidiary of Corporate Entities will also be eligible for
availing loan under this Scheme provided.
 Only External Risk Rating (ECR) to be conducted and „A‟ rated
and above corporate with three years satisfactory dealings with
us are eligible under the scheme
Quantum  As per Housing Loan guidelines based on Net worth and
repayment capacity.
 Minimum amount: 50.00 Lakhs. No maximum ceiling.
Margin In tune with normal Housing Loan varying between 20 to 25%
depending on Quantum of loan and age of the asset.
Security  Equitable mortgage of the property to be acquired/
constructed with the help of Bank Finance and registration of
mortgage charge with Registrar of Companies and CERSAI with
in the stipulated period.
 Personal Guarantee of Promoter Directors.
 Registration of charge with ROC wherever applicable
Nature of TERM LOAN – LONG TERM - RETAIL
Facility&
Classification

Rate of interest As prescribed by the bank from time to time
Other features Geographic Locations of the Property to be acquired/ constructed:
 Home Loans under this Scheme will be made available for
acquiring residential property located within the Municipal
Area of Metro and Urban BPR centers only.
 Loans above Rs 5 Crores for acquisition of a single dwelling unit
will be made available with in Municipal Corporations areas of
Delhi, Mumbai, Pune, Chennai, Kolkata, Ahmedabad,
Chandigarh, Bengalore and Hyderabad Centers only.
Repayment Repayment: Maximum 15 Years (Maximum including moratorium
period) in monthly/ quarterly/ half-yearly installments.
Repayment Holiday: As per Housing Loan guidelines
USP To provide Home Loans to Corporate Entities and thereby secure
and retain such customers in our fold.
MORTGAGE BASED LOANS
6. CANARA MORTGAGE
Purpose To provide loans against the security of equitable mortgage of
property (land & building) to the individuals for non-business
purpose only, for meeting any unforeseen expenses, urgent
personal and medical needs etc and not for any speculative
purpose.
Eligibility Individuals Customers: Having satisfactory dealings with our
Bank. Non-customers should be well introduced to the Bank with
satisfactory OPL/ market report on them. NRI customers, with
their resident close relatives as co-borrowers, can avail the loan.
No loans under the scheme to Companies/Firms/Business
Establishments / Trusts / HUFs.
Employees of our bank and other Banks (PSU/ Private/ Foreign/
Co-Op banks) are also eligible.
Minimum Age: 18 years.
REPAYMENT CAPACITY/NTH: It is to be ensured that the party is
having adequate income to meet the repayment obligation with
availability of minimum NTH of 20% OR Rs.20,000/ p.m.
whichever is higher after meeting EMIs of proposed loan.
Quantum  50% on the value of the property, maximum Rs 10.00 crores
Margin Margin: 50%

Security  EMT of property valued not less than 200% of the loan
amount.

 Properties in the name of companies, proprietorships,
partnerships, LLPs are eligible subject to corporate guarantee
of respective firm/company.
 Residential/Commercial open plot of land having proper
demarcation and acquired by the borrower from Govt./
Industrial Department Authorities like DDA, HUDA, LDA, RIICO
are permitted
 Properties of public utility like School, Hospital etc. or any
similar social/ religious infrastructure shall not be accepted
as security
 Agriculture properties/ Converted Agriculture Land, industrial
property and industrial open land shall not be accepted as
security.
Nature of Term Loan – Secured and classified as Non-Priority-Retail Loans
Facility&
Classification
Repayment Repayment period is 120 months by respective sanctioning
authority.
USP The loan can be useful for purpose of any domestic need like
education expenses, medical expenses, tour and travel expenses
without producing any bill/voucher.
Ref. Circulars 179/2010,146/2012,209/2013,562/14,699/2014,498/2015,
363/16,435/2016,282/2017,441/2017,545/2017,
93/2019,66/2020,142/2020
7. CANARA RENT
Purpose To provide loans to owners of the property to meet their business
needs and / or genuine personal needs, against rents receivable.
Eligibility  The property should be one leased/rented out to PSUs/
Central/ State/Semi Govt. undertakings, reputed corporate,
banks, financial institutions, insurance companies and MNCs,
including the property leased/rented out to our Bank‟s
branch/office or house/flat leased/rented out to the Bank as
quarters to our officers/executives.
 CO Head may permit to accept the property leased out to
reputed non-corporate also selectively The loan under this
scheme may be granted in Rural/Semi-Urban places where
property is leased out to Our Bank/Other Nationalised bank/
PSUs/Central/State/Semi Govt. undertaking/Reputed
corporate/MNCs etc.
 If the tenant is a corporate, minimum external rating of the
tenant should be BBB and above.

Quantum  Maximum 75% of gross rentals receivables less TDS and Advance
(Cir 210/04) for unexpired lease period, option period can also
be considered by respective sanctioning authority
 ED & CMD can permit 85% of the gross rental receivables less
TDS and advance rent.
Margin 25%
Security  EMT of at least 100% value of property. Exceptional case – EMT
can be waived for loans up to Rs. 2 lacs.
 In respect of urban / metro areas, collateral by way of EMT of
property leased out shall cover 133% of loan amount besides
ensuring receivables.
 In respect of rural / semi urban areas, collateral by way of EMT
of property leased out shall cover 150% of loan amount besides
ensuring receivables.
 Security of alternate property can be obtained having a value
not less than 150% of the loan amount along with his personal
guarantee.
Nature of Term Loan – Secured –Non priority
Facility &
Classification
Repayment  Up to 120 months or unexpired lease period whichever is earlier
by respective sanctioning authority.
 Longer repayment period upto 180 months or unexpired lease
period for Navratna, PSUs, AAA rated reputed company may be
permitted by CIRCLE HEAD -CAC and above authorities.
USP Loan proceeds can be utilised freely as per own requirement other
than speculative purpose. No bill/voucher is required for end use.
Ref. Circulars 210/04,333/06,268/2014,305/2016,363/2016,17/2017,128/2017,4
41/2017,545/2017,142/2020
8. HOME IMPROVEMENT LOAN

Purpose  Loan to individuals for furnishing the house/flat along with
our HL to acquire/construct house/flat or to repair/renovate
house/flat
 For purchasing household furniture items, refrigerator, fans,
air-conditioner/s, to put up wardrobes etc
Eligibility  Existing housing loan borrowers, without over dues and well
operated during the last 6 months
 New customers, respectable and credit-worthy, by taking
house property as mortgage
 Salaried individuals with 40% NTH salary with a minimum of

Rs.2000 after meeting loan instalments of proposed loan
 Non-salaried- annual income of at least Rs.50000 to be
evidenced by ITAO
 Not to be sanctioned without mortgage of house/flat
Quantum  Up to 20% of total housing loan sanctioned amount by taking
mortgage of house
 Maximum quantum Rs. 25.00 lakhs
Margin  20%
 If availed with HL, housing loan margin applicable
Security Hypothecation of assets (furniture items) besides the continuing
security of the concerned house/flat(mortgage)
Nature of Secured Term Loan
Facility & Non-Priority
Classification Product Code- 618
Rate of interest Where EMT of the house/flat available, and loan availed as part
of our HL or where HL earlier availed, subsisting without over
dues - ROI same as applicable to HL based on risk rating
Repayment The maximum permissible tenor of the loan will be the residual
tenor of underlying home loan or 7 years, whichever lower,
subject to liquidation of the loan before the borrower attains
the age of 70 years. However, the borrowers can also opt for a
lower tenor.
USP Provides a packaged financial assistance to individuals for
furnishing their houses/ flats at low rates of interest.
Ref. Circulars 343/2015,271/2016, 363/2016, 66/2020
9. Rain Water Harvesting Product

Purpose Installation of Rainwater harvesting unit
Eligibility  Rooftop rainwater harvesting.
 Rainwater harvesting in paved and un-paved areas (open fields,
parks, pavement landscapes etc)
 Rainwater harvesting in large areas with open ponds, lakes, tanks
etc.
Quantum 75% of the estimated cost as per the unit cost stipulated here-
below:
 Plot size- up to 1500 sq.ft.: Rs. 57700.00.
 Plot size- More than 1500 sq.ft. upto 2400 sq.ft.: Rs. 73000.00.
 Plot size- More than 2400 sq.ft. upto 5000 sq.ft.: Rs. 82000.00.
 Plot size- More than 5000 sq.ft.: Rs. 185000.00.
Margin 25%
Security  Hypothecation of pipeline with barrel, filter etc.

 Continuation of mortgage of residential property in the case of
existing housing loan borrowers.
 Suitable third-party guarantee
Nature of Non-priority.
Facility &
Classification
Rate of interest As applicable to Housing Loan Rate of Interest.
Other features  Branches/ROs shall canvass the product to all the existing and
prospective housing loan customers.
 Branches/ROs shall give wide publicity for the product, as we
are the first bank to formulate separate scheme for rainwater
harvesting finance.
 Branches may hold awareness camps to the existing home loan
customers regarding installation of rainwater harvesting units.
 Branch shall conduct proper due diligence on the borrower and
his income while appraising the loan.
 Processing Charges
o Loan amount up to 25,000: Nil
o Loan amount above Rs 25,000/-: 500/- flat.
Repayment Loan shall be repaid in 60 EMIs
USP Finance for a social cause – save water
10. CANARA SITE

Purpose  A Loan Scheme to individuals for purchase of Housing sites
from State Development/Town Planning Development
authorities, Central and State Governments local authorities
either exclusively or in partnership with private sector
entities, or from any other body constituted by the
Government for distribution of sites provided such layouts
are duly approved by the concerned statutory authority.
Housing loan can be availed whenever required for
construction of house of the sites purchased.
 The land / plots of Government Development Authorities
land such as DDA, HUDA etc. directly from authorities or
under second sale. Further the plots in the colonies
approved by Govt. Authorities along with approved maps
and RERA approved projects.
 Under the scheme take over accounts from other banks is
permitted (344/2017)

Eligibility  Age up to 60 years eligible
 Employees and NRIs are also eligible for the loan
 Employees of our Bank Net Take home salary 40% after
meeting proposed instalment. No relaxation is permitted.
 Salaried Class:
o Confirmed in the service
o Minimum NTH pay shall be 40%. Selectively, this can be
reduced upto 25% by the respective sanctioning authority.
 Non-Salaried Class: Should be in the business or profession
for minimum period of 3 years and whose net annual income
is Rs.1 lac or more as evidenced by the latest ITR.
Quantum  4 years gross salary / gross annual income OR 75% of the
project cost (whichever is less).
Margin  Vacant plots by Govt Development Authorities: 30%
 Other Vacant Plots: 50%
Security  EMT of the housing site proposed to be purchased.
 Suitable Co-Obligation/guarantee may be obtained at
discretion of Sanctioning Authority.
Nature of Term Loan -Secured
Facility &
Classification
Other features  Sanctioning authority
 As per delegation of powers
Repayment  10 Years OR up to 65 years of age at the time of closure OR
maximum period permitted by allotment agency whichever is
earlier. One-month repayment holiday is permissible. In case
of part payment of site amount, the repayment to commence
after 3 months from date of first disbursement of the loan.
USP  Vacant Plot can be purchased for Construction of House,
hence, a good product for fulfilling the dream of owning
HOME with Land.
Ref. Circulars 280/05, 299/06,361/2016,344/2017,142/2020
11. CANARA JEEVAN

Purpose To help Senior Citizens to convert their dwelling house property
into liquid cash flows to meet their living expenses
Eligibility  Owners of residential house/flat, who are residents of India.
 Owner of the property should be above 60 years of age.

 The loan shall be in the joint names of the borrower and
his spouse irrespective of the title of the property. In such
cases at least one of them should be above 60 years of age
and the spouse/joint borrower should be more than 55 years
of age.
 No loan against ancestral property since legal issues involved.
 Residual life of property should be at least 20 years
 In case of Flat, age of flat not more than 10 years
 Residential property to be free from encumbrances
 Commercial Property not eligible for such loan
Quantum  Loan amount depends upon market value of the property, as
assessed by the bank, age of the borrower(s) and prevalent
interest rate
 Age of Borrower - Loan as proportion of Assessed Value of
Property (Loan including interest till maturity) - 60 to 70
years - 70% / 71 to 75 years - 80% / Above 75 years - 90%
 For flats, depending age of the flat, from 45% to 75%
 Loan quantum: Minimum-Rs.5 lakhs, Maximum Rs 50 lakhs
 (Maximum Rs 25.00 lakhs in case of flats)
Margin NIL
Security Mortgage of residential property
 Valuation of Property: To be done once in 3 years.
 Equity to Value Ratio (EVR) should not at any time during
the tenor of loan, fall below 10%
 insurance to be obtained for the entire loan period.
Nature of Personal loan- Non-Priority
Facility & Term Loan: Product Code- 625
Classification
Rate of interest W.e.f.01.10.2019, ROI linked to RLLR (Cir. 501/2019)
Other features Payment (Disbursement): Bank shall make Periodical payments
up to 15 years. One-time lump sum payment, not more than 20%
of the eligible loan amount. After completion of documentation
etc. Three business days given to senior citizen to cancel the
transaction i.e. the RIGHT OF RESCISSION.
Repayment  Only on the death of last surviving borrower or when they
like to sell the property.
 Entire outstanding liability including accumulated interest to
be met by proceeds received out of sale of property.
Surplus, if any to be paid to the legal heirs.
USP From Borrower‟s Point of View:
The scheme introduced with effect from 22.01.2008, for the
benefit of Senior Citizens, allows owners of residential

properties to convert their home ownership into cash flows, for
meeting their living and other expenses.
Ref. Circulars 20/2008, 175/08, 9/09, 171/09, 271/16
12. CANARA HOME LOAN PLUS

Purpose To meet domestic needs/medical expenses/educational
expenses of children / dependents / unforeseen contingencies
etc. but not for speculative purposes.
Eligibility  Individuals aged between 18 and 65 years, who have already
availed Housing Loans with our Bank run for at least six
months subject to satisfactory repayment of the loan
promptly for a minimum period of six months
 Loan account with NIL over dues, i.e., loan should have
remained a standard asset throughout
 EMT of existing HL already registered with CERSAI
 Staff of our Bank are not eligible under this scheme
Quantum For salaried class:
 10 months‟ gross salary subject to a maximum of Rs.25.00
lakhs.
 NTH shall not be less than 40% of gross salary at the time of
sanction of Home Loan Plus after deducting EMI towards both
the existing housing loan and loan under the proposed
“Canara Home Loan Plus”. However, sanctioning authority
may selectively stipulate lesser NTH of not below 25% on a
case-to-case basis.
For non-salaried class:

85% of 3 years average Gross Income of the applicant subject to
a maximum of Rs.25.00 lakhs.
However, the loan quantum under “Canara Home Loan Plus”

scheme shall be so arrived that the combined liability of the
borrower under Housing Loan and the proposed “Canara Home
Loan Plus” does not exceed 75% of the value of the property at
the time of sanction of Housing Loan.
Annual EMI commitments including the proposed loan shall not

be more than 50% of the Annual Income as per ITR / ITAO during
the concluded financial year.
Margin NIL
Security EMT of the property already under mortgage to Bank under

Housing Loan shall be continued.
Nature of Term Loan facility (Product Code- 629)- Non-Priority
Facility &
Classification
Other features  Documentation as applicable to secured loans, continuing of
collateral security of land & building held as prime security
for Housing loan.
 Processing Charges-0.50% of loan amount with a minimum of
Rs.100 or as advised by HO from time to time, auto debited
to the loan account (Cir. 585/18 dated 07.12.2018)
Repayment To be repaid in 120 EMIs or left-over repayment period for the
existing Housing Loan whichever is less. However, the entire
loan shall be repaid before the borrower attains the age of 70
years.
USP Bank can take care of all the personal needs of a disciplined
housing loan borrower, as the property is already mortgaged to
it.
Easy documentation and prompt disbursement. Low ROI charged
for personal requirement of funds.
Ref. Circulars 121/2013, 282/2017, 215/2019, 66/2020, 73/2020
13. CANARA HOME LOAN SECURE (CHLS)

Purpose  To protect the life of the HL borrower and his/her family
from any eventualities like death or permanent disability
during pendency of HL availed.
 For funding the one-time insurance premium payable to
M/s Canara HSBC OBC Life Insurance Company Limited.
Eligibility All Canara home loan borrowers are eligible to opt for life
insurance cover.
Quantum  Equivalent to the one time premium of life insurance to
cover under Group secure plan of CHOICe which would cover
a minimum of 100% and a maximum of 120% of Housing loan
sanctioned amount or outstanding liability of the Loan
amount
 Sanctioning authority:
o Existing Housing Loan customers: As per delegation of
powers
o New Sanctions: Sanctioned along with Housing Loan. (Cir.
66/2020)
Margin NIL
Security General lien over the title deed of the mortgaged property to

be incorporated
Nature of Personal Loan; Non-Priority
Facility & Term Loan, Product Code- 631
Classification Schedule code- 2001; Scheme Code- 94100
Other features No separate appraisal is required for considering the eligibility
and loan quantum under the scheme.
Repayment For New Housing Loans– (Min. & Max.)
Minimum loan tenor is 2 years. Maximum tenor is 15 years or
tenor of the HL whichever is less.
Existing HL accounts –
Tenor of the CHLS is15 years or residual tenor of the HL
whichever is less.
The repayment to commence from next month after
disbursement of loan.
USP From Borrower‟s Point of View : coverage against the risk of
life as well as against total Permanent Disability
Ref. Circulars 150/2019 dated 22.03.2019, 501/2019, 66/2020
Personal Loans
14. CANARA CASH

Purpose Facility to earn on investments while staying invested in Shares,
Debentures, Bonds or Units.
Eligibility Individuals - Existing customers with satisfactory dealings.
New customers - well-introduced and credit worthy can also avail
Quantum  Maximum Rs 20.00 lakhs
 Debt oriented Mutual Funds: Rs 10 lacs
Margin  50 % of Market Value/ Net asset value for shares and units of
UTI/CBMP.
 30% of Market Value in case of PSU Bonds
Security Pledge of the Investment – Shares/Debenture/Bonds etc.
Nature of Term Loan – Retail
Facility&
Classification
Other features  Processing Charges: 0.1% with min. Rs.100 and max. Rs.250/-.
Rs.100/- for each occasion for substitution of shares.
 Employees not eligible. Spouse of employee may be granted
loan by next higher authority
 Substitution of securities should not be permitted for more than
10 occasions.
 Loans / advances permitted against the security of shares and

debentures shall be reviewed at least on a fortnightly basis.
 Lending against prime security of shares and debentures is
restricted to designated branches only.
Repayment 60 months
USP Instant cash against Shares / Debentures / Bonds / Units
Ref. Circulars 205/ 2010,271/2016, 435/2016, 139/2018
15. CANARA VEHICLE

Purpose Purchase of Cars, Vans, Jeeps like Tempo, Armada, New/Old and
also two wheelers
Eligibility  All individual borrowers/ professionals/reputed firms/
companies meeting the following eligibility criteria.
 HUF is not eligible for Canara Vehicle Loan.
 Salaried Class: Rs.3.0 lac p.a (for Four Wheelers).
 Non salaried class: Gross annual incomes. Rs.3.0 lacs as per
latest ITR/ITAO subject to 3 years gross average annual income
of not less than Rs.2.5 Lacs (Four-wheeler)
 Salaried class: Rs.1.75 lac p.a., NTH 40% on gross salary. NTH
can relaxed up to 30% by respective sanctioning authority (For
Two-wheeler).
 Other than salaried individual- Annual income Rs.2.00 lac and
above evidenced by ITAO/ITR (for two-wheeler)
 Minimum NTH after proposed loan installment should not be
less than 25% or Rs.12000, whichever is higher. (498/2015)
 Pensioners- Net Take Home should be 50%.
 CGM/GM-HO-CAC & above authorities can permit relaxations
in NTH upto 20% or Rs. 12,000/- whichever is higher on merits
of individual cases very selectively. (498/2015)
Agriculturist:
 Agriculturist owing agriculture land more that 5 acre of
irrigated and 10 acre of dry land. Existing customer with 2
years satisfactory dealing (new branch sanctioning authority-
RO Head-CAC).
 Loans to agriculturist engaged in Dairy farming, Poultry
Farming, Plantation crops and Horticultural produce, the
minimum land holding is not applicable provided their minimum
gross annual income is Rs.4.00 lakh.
 In case of loan up to Rs.10.00 lakh though it is desirable to
obtain latest ITR to ascertain the income, income certificate
issued by Tahsildar/Mandal Revenue Officer/District Revenue

Authorities or any competent authority may be accepted as a
profit of income for reckoning the eligibility/NTH.
 However, in case of loan above Rs.10.00 lakh, ITR is mandatory.
 NTH -40% of gross annual income with a minimum of Rs.1.50
lakh/p.a. (can be selectively reduced to 25% with a minimum of
Rs.1.00 lakh by CGM/GM-HO-CAC)
Quantum  For new vehicles, 4 wheelers: The loan quantum will be up to
90% on total value inclusive of invoice value, life tax,
registration charges, insurance premium and other accessories.
 Old Vehicles Only 4-wheeler: 60% of assessed value/original
purchase price. Old vehicles not more than 5 years old
 Old vehicles (4-wheeler only) maximum loan amount – Rs.15.00
lakhs
 For Two Wheelers:
 Salaried Persons-Loan may be granted upto 80% of the total
value inclusive of invoice value, life tax, registration charges,
insurance premium and other accessories. Or to the extent of
50% of their annual net income in the immediate previous year,
whichever is less. New customer 70% of invoice.
 Professional and other non-salaried individuals- Loan may be
granted upto 75% (new customer 65%)of the total value
 or to the extent of 50% of their annual net income in the
immediate previous year, whichever is less. Disbursement
through DD only and DD to be delivered through Bank officer/
Manager.
 Security Accessories can be financed limited up to
Rs.25,000/-
Margin 10 % to 30% depending upon the status of the customer
In case of old vehicle uniform 40%
Security Hypothecation of vehicle. Suitable guarantor good for the amount
may be insisted upon.
Nature of Term loan- Non priority
Facility &
Classification
Other features  Branches with more than 3 % NPA under Canara vehicle loan
scheme have no power to sanction the loan under that specific
scheme and if any proposals are to be considered, the same has
to be referred to AGM-RO-CAC and above authorities (143/2020)
Repayment New Vehicle: Four wheelers – 84EMIs
Two Wheelers - 60EMI s
Ref. Circulars 272/09,318/09,391/09,392/2009,40/11,67/13,159/13,91/13,161/1
3,391/13,457/14,20/2015, 498/15, 5/2016, 271/16, 363/2016,
410/2016, 66/2020,142/2020,143/2020

16 CANARA PENSION- GENERAL
Purpose To meet the cost of medical expenses and other genuine personal
needs of the pensioners.
Eligibility Pensioners of Central / State Governments / PSUs / Corporate
Pensioners / Pensioners of Banks provided they all draw pension
through our branches.
Quantum/  General Public Pensioners /Defence pensioners - Rs 5.00
Repayment lakhs to 10.00 lakhs depending upon the age of the customer
 Family pensioners ---- Maximum Rs 5.00 lakhs.
 Repayment period will be fixed depending on the age of the
customer (Cir 66/2020)
Margin NIL
Security Co obligation of the spouse/ any other person.
Nature of Term Loan-Non-Priority.
Facility &
Classification
Other features  Loan to Pensioner: Co-obligation of the spouse (wherever
there is a provision for family pension) or any other
person/pensioner good for the amount, if necessary, may be
stipulated by the sanctioning authority.
 Loan to Family pensioner: Third party guarantee / co-
obligation good for the amount should be obtained invariably.
 Rating Sheet introduced via circular 142/2020
Ref. Circulars 299/06, 225/2011, 345/2011,68/2013, 167/2016,445/2016,
497/2017,551/2017,526/2018,66/2020,142/2020
16.1 CANARA PENSION- Retired Employees of our Bank

Purpose  Component 1: To meet the cost of medical expenses and other
genuine personal needs of the pensioners / Family Pensioners.
AND/ OR
 Component 2: To make payment of premium of IBA Group
Mediclaim Insurance Policy for Retired Employees of our
Bank/Family Pensioners of Retired Employees of our Bank who
have opted for and are covered under the scheme
Eligibility The Retired Employees of our Bank/Family pensioners of Retired
Employees of our Bank who are drawing their pension through our
Branches are eligible for financial assistance under the scheme.
Quantum/ 20 months pension amount or Rs.10.00 lakh which over is lower.
Repayment IBA group mediclaim insurance premium-up to Rs.90000/- or
quantum mentioned above whichever is less.

NTH 25% after deducting proposed EMI.
Margin NIL
Security Co obligation of the spouse/ any other person.
Nature of Term Loan-Non-Priority.
Facility &
Classification
Other features  Loan to Pensioner: Co-obligation of the spouse (wherever
there is a provision for family pension) or any other
person/pensioner good for the amount, if necessary, may be
stipulated by the sanctioning authority.
 Loan to Family pensioner: Third party guarantee / co-
obligation good for the amount should be obtained invariably.
Repayment  To be fixed depending on the age of the pensioner
Ref. Circulars 299/06, 357/2010, 381/2010,345/2011,46/2013,68/2013, 78/2013,
167/2016,445/2016,717/2016,551/17, 497/2017, 526/2018,
66/2020.
17. SWARNA LOAN

Purpose Medical and other unforeseen expenses/investment/domestic
expenses. Not for agricultural purposes
Eligibility SB a/c holders with satisfactory dealings. May be waived for well
introduced/credit worthy people
Quantum & The rate of advance shall be 85% of rate of advance advised by
Margin H.O. from time to time per gram sovereign touch gold (22 carat
gold) or 65% of the appraised value whichever is lower (To maintain
LTV ratio of 75% during the entire loan period). If LTV ratio goes
beyond 75% and required margin is not maintained at any time
during the currency of the loan, Branches have to recover the
excess loan amount or to classify the loan as NPA as per prudential
norms. No loan shall be granted against the security of units of
Gold ETF and Gold Mutual Fund
MINIMUM AMOUNT: Rs 5000/-

MAXIMUM: Rs 20.00 lacs
Security  Against the pledge of gold ornaments / jewellery which are duly
apprised by the jewel appraiser appointed by the Bank. The
loan is to be granted only against ornaments, specially minted
Gold Coins sold by Banks and not against gold coin, bullion
etc
 Total weight of specially minted gold coins (sold by the Banks)
should not exceed 50 grams per customer.

Nature of Secured & Non-Priority
Facility&
Classification
Other features  PRODUCT CODE: 608: SWARNA LOAN
 SCHEDULE CODE: 1002: SWARNA EMI
 SCHEDULE CODE: 1003: SWARNA BULLET
 Branch-in-charge of Small, Medium & Large branches as well as
Credit Managers/Senior Managers in VLB/ELB under the scheme
up to Rs.20 lakhs.
 PROCESSING Charges:0.50% of minimum Rs 300/- with maximum
Rs 5000
Repayment  The entire loan is to be repaid within 12 months from the date
of sanction as a bullet payment along with interest.
USP  Instant Loan against Gold for emergencies
Ref. Circulars 91/2009, 246/2011, 284/2011,248/2014,501/2014, 287/2015,
66/2020,142/2020
18. TEACHERS LOAN

Purpose To meet genuine personal needs of the teaching community.
Eligibility All confirmed teaching/ non-teaching staff whose salary is being
credited in the financing branch, with an undertaking letter from
the SALARY DISBURSING AUTHORITY not to shift the salary
account without NOC from the branch.
NTH after meeting the proposed EMI should be minimum 30% of

gross salary or Rs 10,000/- whichever is higher. CGM/GM-HO-CAC
can permit relaxation in NTH upto 25% of gross salary subject to
maintenance of minimum NTH of Rs 7,500/- under special
packages.
Quantum Upto 10 months gross salary as per delegation of powers
Margin Personal loan – no margin.
Security Suitable Co-obligation is to be obtained. Cross co-obligation to be
avoided.
Nature of Term Loan – Retail
Facility&
Classification
Other features Recovery of EMI shall be through salary account only.
However, few PDCs /ECS mandate shall be taken for recovery
purposes.
Repayment 48 months and the same can be relaxed upto 60 months by next
higher authority.

USP Attract the teaching community and thereby garner Salary
Accounts as well as Institutional Accounts.
Ref. Circulars 187/04, 193/04, 240/04, 241/05, 185/08,457/2014,142/2020
19. CANARA BUDGET

Purpose  To meet any personal needs of the borrower.
 OD (clean) facility up to a maximum of Rs. 3.00 lakhs (subject
to renewal once in 2 years) may be extended to the Top
Executives in the cadre of Secretary, Additional/Joint
Secretaries and above in Central Governments/Secretaries to
State Government and Top Executives of big Corporate/public
sector undertakings such as Chairman/MD/ED or equivalent post
only.
Eligibility  All confirmed employees of Central/state government /
Reputed PSUs/Joint Stock Companies / Reputed Corporate /
Public Limited Companies/Private Institutions. /
Lecturers/Asst. Professors/Professors of Colleges/ Research
Institutes and Universities / IT/BT Companies.
 Borrower must be a confirmed employee with 3 years‟ service.
Subject to relaxations.NTH for the last three months should not
be less than 25% or Rs.10000/-whichever is higher.
 Our bank employees are eligible to purchase books up to
Rs.5000/-
QUANTUM As per Delegation of powers
Margin Nil
Security Suitable Co obligation good for the loan amount and acceptable to
the bank should be obtained irrespective of quantum of loan.
Nature of Term loan/OD (clean)- Non priority.
Facility &
Classification
Rate of interest As advised by H.O. from time to time.
Woman beneficiary- Concession of 0.50% from the applicable ROI.
Other features  Branches having NPA more than 2% under this scheme has no
sanctioning power under this scheme.
Repayment Repayable in 60 equated monthly installments. Selectively, 72
months can be permitted by CGM/GM HO & above authority.
USP Encashment of future income for salaried class only.
Woman beneficiary- Concession of 0.50% from the applicable
ROI.
Ref. Circulars 346/2006,184/2008,40/2011,209/2013,457/2014,498/2015,262/20
15, 271/2016, 363/2016, 282/2017,142/2020

20. ESOP & ESOP NRI
Purpose ESOP: Loan scheme to assist employees to buy shares of their own
Companies under EMPLOYEES‟. Scheme should be implemented
only in select branches designated by the Circles
ESOP – NRI: Loan scheme to assist Non-Resident Indian (NRI)

employees of Indian Companies to buy the shares under
Employees‟ Stock Option (ESOP) scheme.
Scheme should be implemented only in select branches designated
by the Circles
Eligibility  Confirmed Employee of the company.
 The share shall be fully paid on allotment. Partly paid shares
are not eligible for finance.
 The application for shares should be in the individual name of
the employee.
 The concerned employee should have a demat account.
 The net take home pay of the applicant shall not be less than
25% of the gross salary after all deductions including the EMI of
the proposed loan.
QUANTUM 90% of the purchase price of shares subject to a maximum of 10
months‟ gross salary. The maximum amount of loan/exposure not
to exceed Rs.20 lacs.
Margin 10%
Security Pledge of Allotted Shares
Nature of Short term loan (secured) – DPN - ESOP
Facility &
Classification
Repayment To be cleared within 35 months by way of EMI.
Ref. Circulars Manual of Instructions on Retail Lending ,142/2020
21. VSL - Loans & advances against the pledge of Valuable

securities
Purpose Eligible customers of the Bank Against Valuable securities.
Eligibility Loans Can be granted against Valuable Securities ,Approved
Securities , Term Deposits of our bank, Bonds, Shares, Units
of Mutual funds , Deposit of Canfin Homes Limited
QUANTUM The minimum amount of advance that can be granted against
approved securities is Rs 5,000/- in case of overdraft accounts
and Rs. 100/- in case of VSLs.
Ref. Circulars Manual of Instructions on Valuable Security Loans ,142/2020

22. CANARA CREDIT SUPPORT to COVID-19 Affected Retail Loan
Costumers
Purpose A Scheme to meet any personal needs of our existing borrower
under Canara Support Retail. (Not for speculative purpose).
Eligibility To all existing customers enjoying credit facilities as below:
 Housing Loan Customers.
 Canara Budget customers.
 Canara pension Loan customers.
All Standard accounts up to SMA0 as on 24.03.2020.
Quantum  For Housing Loan customers under HL+ scheme: 10% of the
 sanctioned HL Limit or Rs 50000 whichever is less.
 Canara Budget: 10% of the Sanctioned amount or Rs 50000/-
whichever is less.
 Canara Pension Customers: 10% of the sanctioned amount or
Rs 50000/- whichever is less.
Repayment  For Housing Loan customers under HL+ scheme: Repayable
within 36 months with 6 months repayment holiday.
 Canara Budget: Repayable within 30 months with 6 months
repayment holiday.
 Canara Pension: Repayable within 30 months with 6 months
repayment holiday.
 During the repayment holiday, the interest should be
collected as and when due.
Security  For Housing Loan customers under HL+ scheme: link letter for
EMT (as existing).
 Canara Budget & Canara Pension: NIL
Co obligation Waived
Margin Nil
Scheme Code Home Loan Plus: 97900-HOME LOAN PLUS-RL-CCSCL
Canara Budget: 98000-CANARA BUDGET-RL-CCSCL
Canara Pension: 98100-CANARA PENSION-RL-CCSCL
Other  The existing Loan account should be standard at the time of
Condition sanctioning the Loan with satisfactory dealings.
 All other general guidelines such as ROI, NTH, LTV Ratio as
applicable to respective Scheme guidelines.
 All other charges, KYC/Due diligence, appraisal/processing,
monitoring/review, IRAC norms, etc shall be as per extant
guidelines.
 All other charges waived.
 Recovery of instalments /EMI/Interest to be ensured as is
done for the existing loan/s.
 Scheme Valid up to 30.06.2020.

 APPLICABILITY OF SCORING SHEETS AS PER CIRCULAR 142/2020
Scoring Sheet Products
NF 990 Housing Loan, PMAY, Canara Kuteer, Home
Loan super Gain, Housing Cum Solar Loan, HL-
CRE, Home Loan Plus – TL, Swarna Loan, Rain
Water Harvesting, Canara Jeevan, Home
Improvement Loan, Canara Site, Teacher‟s
Loan, Canara Cash, Home Loan Secure,
Housing Loan to Corporate, VSL, ESOP,ESOP-
NRI, All other personal loans including loans
to individuals against other approved
securities (except Canara Pension & Budget)
Secured Loan Rating Sheet (Appendix Canara Mortgage & Canara Rent
I of Circular 142/2020)
Vehicle Loan Rating Sheet (Appendix Vehicle Loans
II of Circ. 142/2020)
Clean Loan Rating Sheet (Appendix III Canara Pension & Canara Budget (Both TL &
of Circular 142/2020) OD)

EDUCATION LOANS
1. Educational Loan
Definition  For Studies in India and Abroad.
Eligibility  Should be an Indian National.
 Nonresident Indians (NRIs) (Student holding Indian passport &
meeting other eligibility requirements)
 Overseas Citizens in India (OCI) / Persons of Indian Origin
(PIO)category (For Inland studies) subject to Regulation 7 C of
Foreign Exchange Management (Borrowing and Lending in Rupees
Regulations) 2000. {Notifications No. FEMA 4/2000-RB dated 3rd
May 2000 & further amended vide Notifications No. FEMA
115/2004-RB dated 25th March 2004}. However, while granting
EL, “In addition to applicable Security norms, joint borrower ship
of Parent, any other close relative of the student borrower who
shall be a Resident Indian with suitable Net worth is to be taken
as Co-borrower for all the Education loans irrespective of the
loan quantum” as an additional Risk Mitigation measure.
However, it would be necessary to accept security any collateral
which is enforceable in India
 Secured admission to professional / technical courses in India or

Abroad, through Entrance Test/ Merit Based Selection process.
For merit-based selection minimum 60% marks in the previous
qualifying exam. For SC/ST, Girls -50%
 In case of other courses, student should have secured admission
for the course.
 UID/Aadhar number compulsory or undertaking to submit same.
 Parents would be co-borrower, both in case of minor and major
students. Where parents are not available, legally appointed
guardians may be accepted as co-borrower.
 In cases of students ,who are major (> 18 years of age ) and
parents are not available due to death or any other valid reason
for offering joint borrowership , such cases have to be referred
to Circle Head for necessary clearance, with joint borrowership
of any other close relative of the student, acceptable to the
Bank.
 Our employees are not eligible for Education loan for themselves.
Repayment  EMI for a period of 15 years (Excluding Repayment Holiday)
 Uniform one-year moratorium period after completion of studies.
However, for deserving cases, additional three spells of
moratorium period (maximum 6 months at a time) may be

permitted on case to case basis, taking into account spells of
unemployment/under-employment, during the life cycle of the
Education loan without treating the exercise as restructuring.
(184/17)
Interest  Simple Interest during moratorium period. In genuine cases
Sanctioning Authority may permit extension of moratorium period
for one year from the date of expiry of original moratorium
period.
 ROI as applicable from time to time
Security For the students secured seat under Merit Quota:
 Upto Rs.7.5 lakhs – no security. Loan shall be given jointly with
Parent/guardian and assignment of future income of the student.
All such loans are to be covered Credit Guarantee Fund Scheme
for Education Loan (CGFSEL) of NGCTC. Premium payable to M/s
NGCTC for coverage of all eligible loans, will be borne by Bank,
and will be taken care of at HO level.
 Above Rs. 7.5 lacs – 100% collateral security
For the students secured seat under Management Quota:
 Upto Rs. 4 lakhs: Suitable third-party guarantee which shall be
acceptable to the Bank OR Tangible collateral security shall be
50% of the limit.
 Above Rs.4 lakhs: Tangible collateral security to cover at least
100% of the loan amount.
Margin  Upto Rs. 4 lakhs: NIL.
 Above Rs. 4 lakhs – studies in India: 5% Abroad: 15%
Other  Loans to individuals for educational purpose including vocational
Features courses upto Rs.10 lakh (both inland and abroad studies)
irrespective of sanctioned amount will are considered as priority
sector.
 Branches/RAHs are permitted to consider educational loan
proposals more than the ceiling limit of Rs.10 Lacs and Rs.20 Lacs
for inland studies and studies abroad respectively for all the
courses, as per their delegated powers, in deserving cases.
 Sanctions as per delegated power for Term loan.
 Reduction of 0.50% on the applicable ROI on the loans extended
to girl students will continue. (Cir.147/2016).
 Concession of 0.5% in ROI if interest is serviced during study
period/repayment holiday (cir no.181/2004,147/16)
 Students have to apply through vidyalakshmi portal (Cir
no.573/2015 & 19/2017) and the same is made available for
branches under SAS-Vidyalakshmi.
 Maximum cap for Purchase of books / equipment‟s / instruments

/ uniforms/computers, Caution deposit, Building fund/refundable
deposit, Travel expenses / passage money expenses for study
tours, project work, thesis is 50% of the total cost of the course.
 Where student has secured free seats i.e. no tuition fee is
required to be paid by student, sanctioning authority/ branches
may consider reasonable amount of living expenses/other
expenses while sanctioning such loans
 Service area norms are not applicable in education loan.
 If parent is in Govt Job: If parent/s is in transferable jobs (in
Govt. PSU, reputed Corporate), loan can be sanctioned at place
of work /place of permanent residence at the option of
borrower.
 Rented House: Persons staying in a rented house for a minimum
period of 2 years in a place without owning a house in the
present place of stay may also be treated as a permanent
resident of the place.
 Age Limit: There is no specific restriction with regard to the age
of the student to be eligible for education loan.
 Disposal of El Loan Application: With in a period of 15 days to 1
month as per the priority Sector application disposal norms.
 Processing Charges: No processing charges on education loans
for studies in India.
 Processing Charges: In case of studies abroad, wherever the loan
amount exceeds Rs.25,000/- processing charges should be
collected in the form of refundable deposit. No documentation
charges/ Mortgage charges should be collected on education loan
 Cir 300/2008, 354/09: Education Loans Guidelines on
considering Education Loans for students pursuing Teacher
Training Course / Nursing Course / B. Ed Course: Eligible if
conducted by Institutes approved by Govt. and leading to Degree
or Diploma and NOT for certificate courses. Expenses as per Fee
structure in Govt. College/approved by concerned authorities.
 Private coaching /tuition expenses can be considered for finance
for Chartered Accountancy (CA) course, in addition to the exam
fees and other expenses charged.
 Loans under IBA‟s Model EL scheme up to a limit of Rs 7.50 Lacs
to be sanctioned by the concerned branch itself, where loan
application is submitted by the applicant.
 Reimbursement of expenses incurred during the current
academic year of the course only can be considered by the
Branch Managers, after satisfying themselves about the proof of
payment against production of original bills/vouchers etc.,
without referring to controlling authorities in case of Education

Loans sanctioned for inland studies/ abroad studies.
 In case of EL under-Management quota, 100 % collateral security
is to be obtained for limit beyond Rs 4.00 Lacs. For limit upto Rs
4.00 lacs either 50 % collateral security or third-party guarantee
is required. Such EL can be granted by all branch heads, subject
to delegation of power.
 No dues certificate should not be insisted.
 The rural/semi urban branches to sanction educational loans to
the students residing nearest to the branch.
 Rejection of proposals for educational loan is subject to
concurrence of the next higher authority.
 Grand Parent as co-borrower: Cir 135/09: Permitted to obtain
grandparent as co-borrower if net worth is there.
 Interest subsidy under CSIS scheme during moratorium period for
economically weaker students having family income less than 4.5
lacs. Loans upto Rs10 Lacs (sanctioned up to 31.03.2018) and
Rs.7.50 lakhs (EL sanctioned on or after 01.04.2018) can be
covered under CSIS (Refer Cir 436/2019).
 Dr. Ambedkar Central Sector Scheme of Interest Subsidy on
Educational Loans for Overseas Studies for Other Backward
Classes (OBCs) & Economically backward Classes (EBCs)-
ACSISOBCEBC. The full interest subsidy upto the period of
moratorium is available to those student borrowers whose income
and income of their parents is up to Non-creamy layer for OBC
category and upto Rs 2.50 Lac for EBC category students (cir
59/2018)
 Under ACSISOBCEBC, limit upto Rs. 20 lacs is eligible for subsidy.
Subsidy is available upto the period of moratorium
 Padhopardesh Scheme of interest subsidy for Overseas Studies is
applicable for specified Minority communities. Limit upto Rs 20
lacs is eligible for subsidy. Subsidy is available upto the period of
moratorium. Total income from all sources of the employed
candidate or his/ her parents/guardians in case of unemployed
candidate shall not exceed Rs. 6.00 lakh per annum. (Ref Cir
374/2014)
Life  Obtention of life insurance cover is at the option of student
Insurance borrower
 At present in association with Canara HSBC Oriental Bank of
Commerce Life Insurance Company Ltd our bank had launched an
Insurance Product for Educational Loans i.e. Vidya Suraksha
Yojana during May 2013. The Education Loan Insurance Scheme
offers option for Life Cover up to 120% of loan amount sanctioned
subject to a maximum coverage of Rs.50.00 Lakhs. As per the

extant guidelines, 25% of the premium cost is being borne by the
Bank. Premium can be a part of project cost.
Ref. Circulars  170/03, 281/03, 170/04 135/09 300/08, 354/09, 140/10, 83/11
,47/12,405/12,121/15,254/15,147/16,400/2016,19/2017,449/20
17
2. IBA Skill Loan Scheme

Purpose  Skill Loan Scheme (Skilling Loan) aims at providing a loan facility
to individuals who intend to take up skill development courses.
Eligibility  Training Institute: Any individual who has secured admission in
Criteria a course run by Industrial Training Institutes (ITIs), Polytechnics
or in a school recognized by central or State education Boards or
in a college affiliated to recognized university, training partners
affiliated to National Skill Development Corporation (NSDC)
/Sector Skill Councils, State Skill Mission, State Skill Corporation,
preferably leading to a certificate / diploma / degree issued by
such organization as per National Skill Qualification Framework
(NSQF) is eligible for a Skilling Loan. The Government of India /
State Governments may, from time to time, notify
institutes/organizations for the purpose.
 Training Courses: Courses run by above mentioned Training
Institutes (in 3.1) aligned to National Skill Qualification
Framework (NSQF) shall be covered by the Skill Loan. There is no
minimum course duration.
 Minimum Age: No age restriction. If student is a minor, while
the parents execute documents for the loan, bank has to obtain
letter of acceptance of from him/her upon attaining majority.
 Minimum Qualification: Minimum qualification required pursuing
Vocational /skill development courses are waived. However, the
minimum qualification will be as per requirements of the
enrolling institutions/ organizations as per National Skill
Qualification Framework (NSQF).
Loan Rs. 5000 to Rs 1.50 Lacs.
Quantum
Margin Nil
Rate of  Simple Interest during study period and upto commencement of
Interest repayment. One percent interest concession may be provided, if
interest is serviced during study period and subsequent
moratorium period before commencement of repayment
Processing  Nil
Charges

Security  No collaterals. However, Skill loans are mandatorily covered
under the CGFSSD scheme of M/s NCGTC, GoI.
(Ref Circular 12/2016)
Moratorium  Course of duration upto one year: Upto 6 months from
completion of course.
 Course of duration above one year:12 months from completion
of course.
Repayment  Loan upto Rs. 50000: Upto 3 years (after moratorium period)
period  Loans between Rs.50000 to Rs. 1 Lac: Upto 5 years (after
moratorium period)
 Loans above Rs 1 Lac: Upto 7 years (after moratorium period)
 Branches may fix installment during the course period itself
wherever feasible at the option of the borrower, with the
consent of the borrower.
 During the moratorium / repayment holiday, as the borrower is
opting to service the installments/interest on his / her own
accord, no penal interest to be charged for default in interest
servicing during this period. Also, during this period, NPA
provisions are not applicable.
 However, the total amount paid by the student during the
moratorium period should not exceed 10%of the total course fee.
Other  Expenses considered for loan:
features o Tuition/ Course fee
o Any other reasonable expenditure found necessary for
completion of the course including but not limited to assessment
fee, examination fee ,library charges, laboratory fee, caution
deposit, purchase of books, equipment‟s‟ and instruments ( as
such courses are localized boarding, lodging may not be
necessary based on cost of living in the particular area.
However, if necessary, the same could be considered on merit.)
 PREPAYMENT: The borrower can pre-pay the loan any time after
commencement of repayment without having to pay any
prepayment charges. In case a student is not able to complete
the course because of accident/death/disability the bank can
seek a pro-rata reimbursement of the unfinished portion of the
course amount from the training institute. This will reduce the
loan burden on the student
 SANCTIONING AUTHORITY: Skilling loan can be granted by all
branches subject to delegation of power
 CSIS: Loan sanctioned under the scheme are not eligible for
coverage under CSIS
Ref Circular 421/2015,38/2017

3. Vidya Turant
Objective  Education loan to assist the needy and meritorious students who
are in need of education loans who are pursuing their higher
studies in reputed institutions viz., Ist level IIMs/IITs/NITs/IISc/ISB
(Hyderabad). Scheme available for selected Institutions
Purpose  Loan to be considered Expenses on account of:
o Fee payable to college/ school/ hostel.
o Examination/ Library/ Laboratory fee
o Travel expenses/ passage money for studies abroad
o Insurance premium for student borrower, if applicable
o Caution deposit, building fund/refundable deposit supported
by Institution bills/receipts.
o Purchase of books/ equipment‟s/ instruments/ uniforms
o Purchase of computer at reasonable cost, if required
for completion of the course.
o Any other expense required to complete the course - like
study tours, project work, thesis, etc
o Reasonable lodging and boarding charges will be considered in
case the student chooses / is required to opt for outside
accommodation.
Quantum Of  For Students of IITs/NITs/IISc –Upto Rs.20 lacs.
Finance  For Students of IIMs- Upto Rs. 25 lacs
 For Students of ISB - Upto Rs.40 lacs
Margin  Nil (100 % finance within the permitted maximum limit)

 Scholarship/ assistantship to be included in margin. Margin to be
brought-in on year-to-year basis as and when disbursements are
made on a pro-rata basis
Rate of One-year ongoing RLLR (As prescribed by the bank from time to
Interest & time. No concession to Girl Student s (423/16)
Repayment If waiver of co-obligation is permitted (IIMs)- additional 0.50%
interest over and above the applicable rate (RLLR)
Repayment: 15 years, Moratorium Period: Course period + 1 year
Security  Assignment of future income of the student
 Parent/guardian can join as Co-borrower. Waiver of co-
borrowership introduced at the option of the borrower. However,
an additional 0.50% interest will be collected for waiving co-
borrowership along with mandatory insurance coverage. Borrower
has been extended a time limit of three months period for
completion of documentation is concerned (Co-borrowership of
parent) Loans up to a limit of Rs. 7.50 lacs sanctioned are to
invariably covered CGFSEL.

Other  Loans upto Rs 10 Lacs (sanctioned till 31.03.2018) and Rs.7.50
Conditions lakhs (sanctioned on or after 01.04.2018) can be covered under
CSIS, if eligible.
 Loans to be sanctioned at Branch level itself without referring to
RAH/CO.
 No processing charges. No upfront fee
 Branches can cover the loanee student / co-borrower as per Vidya
Suraksha Scheme for insurance coverage.
 The scheme is applicable for students who apply online as well as
offline.
 The designated branch will deal with the applications irrespective
of permanent residence of student or the place of working of
parents.
 Student should submit regular applications duly filled and signed
with all the other requirements for sanction of loans.
 Loan files are transferred to the branch nearest to the permanent
residence of the student once he/she completes the course for
further follow-up.
Ref 42/2014,132/2014,253/2014, 318/2015,193/2016,359/
Circular 2016,52/2017,449/2017
4. Vidya Sahay
Objective  Students who appeared in CET conducted by respective State
Governments, CBSE, IIT and such other All India Examinations and
selected for counseling and otherwise eligible for Education Loans
under our Scheme.
Quantum &  Eligible amount would be initial payment as proposed by the CET
Nature of Authorities or Rs.1 Lakh whichever is less.
Facility  Education Loan – DPN.
Margin &  NIL to the extent of bridge loan amount sanctioned as per extant
Repayment guidelines under EL Scheme.
 Bridge Loan is to be cleared after sanction of regular education
Rate of loan.
Interest  Rate of Interest as applicable to Education Loans.
 DRI rate to those who qualify DRI norms.
Other  The designated branch has to notify on the back of the DD that
Conditions the amount pertains to the loan proceeds obtained from Canara
Bank.
 A letter of undertaking is to be obtained for applying for regular
education loans and to execute loan paper and clear the Bridge
Loan out of the first disbursement.

 To close the account immediately along with interest if the
borrower fails to take admission during the counseling or
subsequently, he/she is not interested to take admission in the
allotted Educational Institution/ Colleges.
 Letter of undertaking to be signed by the student and parent
/guarantor.
Ref Circular 123/2014
5. Education Loans to Employed Persons

Purpose  Education Loans to Employed Persons
Eligibility  Education loans can be granted to employed persons provided the
applicants do not get salary during the period of study.
 Our employees are not eligible for availing Education loans for
themselves
Interest  As per HO Circular
Other  Regarding the security requirement for education loans to
Features employed persons, the same has been revised as under.
 SECURITY:
 i. Loans up to Rs 4.00 lacs: No Security. Assignment of future
income of the student. Loan to be granted to the student only.
 ii. Loans above Rs.4.00 lacs: Assignment of future income of the
student. Loan to be granted to the student only. Tangible
collateral security to cover at least 100% of the loan amount with
stipulated margin for the type of security
Ref. Circulars  M o I on Retail Lending. HO cir 121/2015,147/16
6. Vidya Shakthi
Objective  Education loan to finance the differently abled category of
students with physical disabilities to the extent of 40% or more
(certified by competent authorities)
Purpose  To assist the PWD category students who are in need of loan for
pursuing the following courses in India.
 Specialised training /vocational courses offered by various
institutions for PWD‟s
 All graduation/Post graduation/Research courses
 Diploma/Certificate courses.
 Education loans for abroad studies will be as per the guidelines of
IBA Model Education loan scheme.
Quantum of  Need based finance
Finance  Vocational/Certificate/Diploma courses: Max Rs 1.50 lakhs
 Other courses which leads to a degree Max Rs 7.50 lakh

Margin  Upto a loan amount of Rs 4.00 lakhs NIL
 Above Rs 4.00 lakhs –Minimum margin of 5% has to be stipulated
 Scholarship/Assistantship if any has to be considered as margin
Rate of  As prescribed by the bank from time to time. No concession to Girl
Interest & Students
Repayment  Repayment after completion of studies + one year of moratorium
o For vocational & Skill development loans 3 to 7 years
o For degree courses – Maximum period of 15 years
Security  Assignment of future income of the student
 Parent/guardian can join as Co-borrower.
 Loans sanctioned under the scheme for Degree/PG/PhD etc to be
invariably covered under CGFSEL
 Vocational/Certificate/Diploma courses to be covered under
CGFSSD
Other  Besides educational expenses, the cost of specially designed
Conditions assistance devices/Equipments such as Screen readers,
refreshable Braille display, hearing aids/electronic magnifier and
other devices which will aid the student‟s movement can also be
included while arriving at the cost of the course.
 Maximum quantum:
o Degree courses: Rs 1.00 alkh
o Vocational/Certificate/Diploma courses: Rs 0.50 lakh
 No upfront/Processing fee
 Loans can be sanctioned at branch level itself without referring
to RAH/RO/CO
Ref 605/2018
Circular

3. AGRICULTURE
1. KISAN CREDIT CARD SCHEME (KCCS)-REVISED SCHEME

Purpose  The Kisan Credit Card scheme aims at providing adequate and
timely credit support from the banking system under a single
window with flexible and simplified procedure to the farmers
for their cultivation and other needs as indicated below:
o To meet the short-term credit requirements for cultivation
of crops;
o Post-harvest expenses;
o Consumption requirements of farmer household;
o Working capital for maintenance of farm assets and
activities allied to agriculture;
 Investment credit requirement for agriculture and allied

activities. (long term component)
Eligibility  All Farmers – Individuals / Joint borrowers who are owner
cultivators
 Tenant Farmers, Oral Lessees & Share Croppers
 SHGs or Joint Liability Groups of Farmers including tenant
farmers, share croppers etc.
Quantum The Short-term operative limit for the first year (For cultivating
Single Crop in a year)
Norm
i) Crop maintenance As per scale of finance (As
decided by District Level
Technical Committee) *
Extend of area cultivated
ii) Post-harvest/household/ 10% of limit
consumption requirements
iii) Repairs and maintenance 20% of limit
expenses of farm assets
iv) Crop insurance and/or accident insurance including PAIS,
health insurance & asset insurance.
Limit for second & subsequent year
First year limit for crop cultivation purpose arrived at as above
plus 10% of the limit towards cost escalation / increase in scale of
finance for every successive year (2nd, 3rd, 4th and 5th year) and

estimated term loan component for the tenure of Kisan Credit
Card, i.e., five years
 For cultivating more than one crop in a year
The limit is to be fixed as above depending upon the crops
cultivated as per proposed cropping pattern for the first year plus
an additional 10% of the limit towards cost escalation / increase in
scale of finance for every successive year (2nd, 3rd, 4th and 5th
year). It is assumed that the farmer adopts the same cropping
pattern for the succeeding four years. In case the cropping pattern
adopted by the farmer is changed in the subsequent year, the
limit may be reworked
ii)Term Loan component:
The term loan for investment is to be made towards land
development, minor irrigation, purchase of farm equipment and
allied agricultural activities. This sub-limit is to meet the present
and anticipated investment / development credit requirements of
the farmer. Sub-limit – II shall be limited to 3 times the annual
net income of the farmer/a maximum of Rs. 5 lacs.
The term loan component is to be opened through Product Code
859 KCCS TERM LOAN.
Maximum Permissible Limit
The short-term loan limit arrived for the 5th year plus the
estimated long-term loan requirement will be the Maximum
Permissible Limit (MPL) and is to be treated as the Kisan Credit
Card limit
Margin As per Scale of finance
Security  Hypothecation of Crop – up to Rs 2 lakhs
 Hypothecation of crop and mortgage of land or collateral
security of Gold jewellery with security value of 100% of the
loan amount (Cir 115/2020)
Nature of Sublimit (i) Working capital
Facility &
Classification
Sublimit (ii) Term loan,
Priority Sector- Agriculture
Other  May consider a higher quantum of loan for crop maintenance to
features the extent of 15-25% over and above the scale of finance.
 Loan limit should not exceed 50% of value of the produce.
 For all the crops proposed in a year, requirement for the entire
year can be worked out and the same can be fixed as the limit

for crop production.
 All eligible KCC holders are to be issued with Kisan RuPay Debit
Card
Crop  PMFBY (Pradhan Mantri Fasal Bima Yojana)
Insurance  Loanee farmers growing notified crops have to be covered on
compulsory basis under PMFBY. Non loanee farmers on voluntary
basis.
 The coverage of post-harvest losses has been extended
throughout the country and unseasonal rains have been
included.
 Besides hailstorm & landslide, Inundation has been included for
coverage under the localized risks
PAIS  Personal Accident Insurance Scheme
 Age upto 70 years.
 Coverage Rs.150,000/- for death due to accident and
Rs.187500/- for permanent total disability and Rs.75000/- for
loss of one limb and one eye.
 Nominee has to give notice of death of borrower to bank within
30 days. Disabled KCC holder to give notice of accident.
Repayment  WC: Tenability 5 years Each withdrawal along with interest to
be repaid within 12 months (short term crops) and 18 months
(long duration crops)
No need to bring the debit balance to Zero at any time.
 Term Loan: Repayable in Y/Hy instalments. Max. term of 5 yrs.
Others  Payment of interest on par with SB account on credit balance in
KCCS account
 Card valid for 5 years subjected to annual review.
 KCC borrowers will be issued RuPay debit cards that shall be
linked to their KCC (Revolving sub limit) through CASA account
(Product 226)
 CASA (226) account should be opened with Sweep in (CHM39)
Sweep out facility(CHM32)
 Permitted facilities- ATM, POS, Internet, Mobile Banking
Reference Manual of Instruction on Agricultural Finance

1A Kisan Credit Card Scheme: Working capital for Animal
Husbandry and Fisheries
Purpose To meet the short-term Credit requirement of the farmers for
rearing animals, birds, fish, shrimp, other aquatic organisms,
capture of fish
Eligibility Eligible activities:
o Inland fisheries and aquaculture
o Marine fisheries
o Poultry and small ruminant farming
o Dairy
Farmers involved in the above activities either individual or
joint borrower, Joint Liability Groups or Self-Help Groups
including tenant farmers having owned /rented/leased
Quantum Need based Finance on the basis of Scale of Finance fixed by the
District Level Technical Committee (DLTC) comprising of
Fisheries and Animal Husbandry experts of the Govt.,
progressive entrepreneurs of livestock/fisheries sector, based on
local cost worked out on the basis of per acre/per unit/per
animal/per bird etc.
Margin Up to Rs.2 lakhs - No Margin
Above Rs.2 lakhs 15% to 25%
Security Up to Rs.2 lakhs: Hypothecation of asset created out of finance
For loans above Rs.2 lakhs:
a. Hypothecation of asset created out of finance
b. Mortgage of landed properties
Nature of facility Working capital loan
and classification
Priority / Agriculture / Farm Credit
Other Drawing power to be worked on the basis of the latest valuation

of stocks, receivables and/or cash flows as per terms of sanction
Repayment The loan will be in the nature of a revolving cash credit limit.
Repayment will be fixed as per the cash flow/income generation
pattern of the activity undertaken by the borrower
Reference Manual of Instruction on Agricultural Finance

2. KCC- KRISHI MITRA CARD SCHEME
Purpose  An exclusive Scheme for individual tenant farmers and farmers
without proper land records to bring in a larger number of
disadvantaged sections within the ambit of Financial Inclusion
Eligibility  All tenant farmers including Share croppers / Oral lessees
 Farmers cultivating lands under contractual arrangements with
land owners, not by way of complete leasing.
 Farmers cultivating land without proper land records.
 Farmers with tiny land holdings.
 Any other type of farmers who are cultivating lands and cannot
be brought under our regular Agricultural loan Schemes.
 Should not be a defaulter to other Institutions.
 Finance is to be extended to only one person from a family.
Quantum Maximum quantum: Rs.50000
Assessment of limit
Particulars Amount
i) Crop cultivation expenses per annum *
ii) Post-harvest/household/consumption
requirements (10% of limit)
iii) Repairs and maintenance expenses of farm
assets (20% of limit)
iv) Crop insurance and/or accident insurance
including PAIS, health insurance & asset
insurance.
Total
Margin As per Scale of finance for crop cultivation. Nil for other purposes.
Security Hypothecation of Crops
Nature of The limit can be extended as a revolving limit on the lines of overdraft.
Facility & Priority / Agriculture/ Farm Credit
Classification
Repayment Running limit – Tenable for 3 years subject to annual review.
No repayment is to be stipulated for principal portion. Interest
debited becomes due 90 days from the date of debit
Reference Manual of Instructions on Agricultural Finance

3. Kisan Tatkal
Purpose  The scheme is an instant credit facility for farming community
with existing KCC facility, whose cards are valid (limit is tenable)
and accounts are regular to meet their post-harvest expenses and
tide over temporary difficulties.
Eligibility  Individual farmers / joint borrowers (not exceeding 4 farmers)
who are existing KCC holders of the branch and account is
regular/limit is valid(tenable)
 Should not be a defaulter to any of the financial institutions.
 Only for farmers having agriculture as predominant activity
Quantum  Minimum limit: Rs.1000/- Maximum limit: Rs. 50000/-.
 The total amount of finance extended not to exceed 50 % of the
KCCS limit.
 Kiasan Tatkal limit shall not exceed 25% of the estimated annual
income of the agriculturist within the above ceilings.
Margin Nil
Security Existing security/ies obtained for KCC to be continued. No additional
securities to be insisted.
Nature of Facility  Single transaction term loan
& Classification
 Priority /Agriculture / Farm Credit
Repayment  To be repaid within a period of 3-5 years in half yearly/annual
installments based on the income generation pattern or
coinciding with the harvest/marketing of the crops.
 Interest has to be debited half yearly, September / March.

Interest debited is to be recovered along with the subsequent
installment/s.
Other  The entire limit can be disbursed at one instance or in stages

depending on requirement.
 Disbursements shall be routed through SB accounts.
 Quotations, estimates, bills and vouchers need not be insisted.
Reference  Manual of Instructions on Agricultural Finance
4. Canara Kisan OD
Purpose  Working capital requirements - for allied activities, farm
machinery / equipments maintenance.
 Repairs and replacements of machinery, Repairs / Improvements
of Developmental nature and replacement of draught animals,
bullock carts etc.
 Working capital requirements for Non-farm sector activities

 Consumption needs
 Repayment of genuine private debts
Eligibility  Individual farmers / joint borrowers, partnership firms, private
limited companies and public limited companies who are owner
cultivators and / or engaged in allied activities.
 Agriculturists with one-year satisfactory track record. This norm
may be relaxed by the next higher authority provided other norms
of the scheme are complied with.
 Canara Kisan OD can also be sanctioned to GPA holders.
 Should not be a defaulter to any of the financial institutions
Quantum  Maximum 3 times gross annual income (as assessed by the
Branch Manager / AEO) with minimum Rs. 1 lakh and maximum
Rs. 7.50 lakhs.
 Amount Ceiling per acre mortgaged: Rs. 1 lakh subject to 50% of
value of mortgaged landed property.
Relaxed Norms:
a) Maximum of four times the gross annual income
b) Upper ceiling of Rs.12.50 lakhs.
c) Ceiling on Finance per acre of land mortgaged: Rs. 1.50 lakhs per
acre subject to 50% of the value of landed property
mortgaged/proposed to be mortgaged
Canara Kisan OD can be permitted under relaxed norms only at such

of the branches designated by the Circle where the recovery
percentage under the scheme is above 90%, based on periodical
review of latest PSR 29. However, within the ceiling, the Circle Head
has to fix a suitable limit per acre, keeping in view the land value
and margin of 50% required for various distinct regions/Districts.
Margin 15 – 25%
Security Mortgage of agricultural lands valued 200% to the limit sanctioned
with maximum of 1 lac per acre.
Nature of Priority / Agriculture / Farm Credit
Facility
&
Classification
Others  Within overall limit, upto 1 lakh can be permitted for repayment
of outside debts by farmer.
 Tenability: 3 years with annual review.
 Eligible for ATM card.

5. Produce Loan
Purpose Produce loans are granted to farmers to keep their produce in an
approved godown or warehouse or in farmers residence so as to
enable them to sell the produce for a better price at a later date.
Eligibility  Farmers, Individually and Jointly (including Self Help Groups,
Joint Liability Groups, Proprietorship and Partnership firms,
Companies, Societies undertaking Agricultural activities who have
either availed credit limits with the Bank or otherwise)
 The intending borrower under Produce loans should not be having
any agricultural loan with other Banks/Financial institutions
 Produce Loans to be sanctioned only to farmers under the
scheme. But Financing for Traders is not permitted.
 Branches are empowered to sanction Loans to only to those
borrowers who have availed crop production loans (such as KCC,
Krishi Mitra card loans, JLGs of tenant farmers, etc.).However
Produce Loan also can be sanctioned to the borrowers who have
not availed Crop loan but enjoying other agriculture loan with us
on case to case basis selectively.
Quantum  Maximum ₹50.00 lakh per party.
 Sanctioning powers for the Branch under the scheme is restricted
to a maximum of Rs.10.00 lakh per applicant, who has availed
crop production loans and other agriculture loans from us.
 In respect of loans above Rs. 10.00 lakh per borrower, the
application may be forwarded to respective sanctioning authority
(Regional Office/Circle Office) for sanction/approval.
 Branches having NPA more than 5% under Produce Loans are not
permitted to sanction further loans under the scheme till the NPA
is brought down to below 5% level.
 The above delegation is applicable for the loans sanctioned under
all models of Produce Loan Scheme
Margin Margin as per Model 1 to Model 7 - 25% to 40%
The limit shall be strictly assessed based on the land holding of the
Farmers, production level and value of the produce.
Eligible loan amount = Land holding in acres X Yield per Acre in KGs
X Value of produce per KG LESS margin as applicable under
respective model.
Security Loan Amount Security
Upto Rs.2 Lakhs a. Hypothecation of the stock
b. However, continuation of Collateral
Security of land by way of mortgage, if

already available for the existing crop
production loan to be taken
Above Rs.2 lakhs a. Hypothecation of the stock
b. Mortgage of landed property at least
equivalent to loan amount
Nature of Priority – Agriculture – Farm Credit
Facility &
Classification
Other  Loan proceeds to be credited to outstanding crop production
features loans (including KCC, Kisan Suvidha, Krishi Mitra card loans, JLGs
of tenant farmers, etc.).
 In respect of Loans granted to farmers who are not having crop
loans but enjoying other agriculture loans from us, the loans
proceeds are to be credited to the operative account of the
borrower.
Repayment Within the balance shelf life of the produce stored with a maximum
of 1 year. The shelf life shall be noted in the warehouse receipt
(WHR)/ the branch has to ascertain in other cases the approximate
shelf life
6. Kisan All- Purpose Term Loan

Purpose  To create a convenient single shot term loan limit to farmers for all
term loan requirements like Farm Mechanization, Land
Development, Minor Irrigation, Water Conservation, Horticulture,
Allied activities and other agri related activities etc.
 Development projects with a long gestation period shall not
considered under the scheme in view of the specific tenor of this
credit product (e.g. Mango plantation-requiring gestation of 6-7
years).
 Purchase of Tractors, Combine Harvesters, and Cars are out of the
purview of this Scheme for the reason that farm machinery loan
requires independent appraisal with regard to minimum viable land
holdings, and the need for controlled expansion of the portfolio.
Eligibility  Individuals, Joint/ Group of Farmers-owner cultivators and JLGs,
SHGs etc. engaged in Agriculture and related activities.

 Applicant should be our existing Agriculture loan borrower (Other
than Gold loan and VSL) with 3 years satisfactory track record
Quantum  Quantum of loan is based on the investment plan given by the
farmer to be undertaken in the next 2-3 years. The plan can be a
combination of investment/development activities relating to
agriculture and allied activities.
 It shall be subject to 5 times of Annual farm income (current-pre
development stage as assessed by the branch based on crop
pattern & allied activities undertaken) of the farmer including
allied activities OR 50% of the value of land mortgaged for
aggregate loan above Rs.1 lakh), whichever is lower with a
maximum Rs. 20 Lakhs.
Margin 15-25% for loan above Rs. 2 lakhs
Security  Upto Rs.2 Lakhs - Hypothecation of crops/assets created out of our
finance.
 Above Rs.2 lakhs- Hypothecation of crops / assets created out of
finance + Mortgage of landed property (it shall be at least 200% of
the limit sanctioned)
Nature of Term loan
Facility & Priority sector- Agriculture – Farm Credit
Classification
Other  It shall be single transaction Term loan limit Loan repayable within
features 9 years.
 The purposes for which the limit is granted shall not be a part of
the Kisan Credit card limit /Canara Kisan OD Scheme /term loan
already availed for the same purpose and it shall be a separate
Single transaction account.
Repayment In suitable installments coinciding with harvest season/income
generation depending on the overall income generation of the
farmer, within a maximum period of 9 years. This may be a
ballooning repayment and interest shall be paid along with the
installments.
7. Farm Development Loans

Purpose  Development loans are considered for digging/deepening of wells,
construction of tanks/ponds and repairs thereof, bunding, land
reclamation, levelling of land, terracing, conversion of dry lands

into wet irrigable lands, development of farm drainage,
laying/lining irrigation channels, fencing, cattle and poultry
sheds, construction of farm buildings/structures like implement
sheds, tractor and truck sheds, farm stores etc., and such other
developmental activities of the farm, where the investment
made will result in creation of immovable assets resulting in
increase in the value of land and income of the farmer
Eligibility  The farmer should be a owner of the land.
 He should own an economic land holding with a minimum of 2
acres. However, loans can be considered even if the benefitting
area is less than 2 acres provided the farmer is able to sell the
surplus water or the viability of the project is ensured.
 In case of digging/deepening of wells, the Department of Mines
and Geology of the State Government (Ground Water Survey
Directorate) should have surveyed the area and confirmed the
feasibility of digging new wells/deepening of the existing wells in
the area. The feasibility certificate from the Ground Water
Directorate is to be obtained, in individual cases as advised by
Circle Office. However, in the following cases, adherence to
ground water discipline or obtaining of feasibility certificate from
ground water directorate will not arise.
a. Financing for desilting of well due to caving in of soil because
of torrential rains.
b. Construction of stone revetment/parapet wall and repairs
thereof for the existing well.
Quantum  Need based finance. Branches may refer NABARD Unit costs or
other designated agencies.
Margin  Up to Rs.2 Lakhs – Nil, Beyond Rs.2 Lakhs - 15-25%
 The margin amount required to be invested need not be brought
in one lump sum and it may be brought in stages.
 The labour put in by the applicant and members of family can also
be treated as margin.
Security  Up to Rs 2 lakhs – Hypothecation of assets created out of bank
loan, above Rs 2 lakhs – Hypothecation of assets plus mortgage of
land where the development is proposed.
 Post development value should be minimum of 125% of the loan
amount.
If the sanctioning authority feels that there is need for additional
collaterals depending on risk factors, the same may be insisted
for loans above Rs.200000/-
Nature of Term Loan
Facility &  Priority/Agriculture

Classification  Can be Farm Credit or Agriculture Infrastructure
Other  Granting loan on lease hold landed property subject to
features compliance of other guidelines as stipulated in Manual of
Instructions on Agricultural Finance.
 Disbursement: Depending upon the progress of work.
Repayment  Repayable in 9 to 15 years by annual/half yearly installments.
Moratorium max 23 months
 For Lift Irrigation it is 15 years with grace period of 36 months.
Reference  Manual of Instructions on Agricultural Finance.
8. Construction of Farm House

Purpose  For constructing new farmhouse on the farm or in the village
where the farmer normally resides, should consist of at least two
of the following (existing or new) whether attached to main
housing unit or as separate unit.
1. Store house for farm inputs/produce
2. Cattle shed to house farm animals
3. Tractor/Power Tiller/Cart/Equipments/Implements shed
4. Threshing/drying yard with or without processing facility
5. Work shed for weaving etc., non-farm activity
6. Sericulture shed/Silk Worm rearing house

 The Farm House loan may be extended for acquiring additional
Farm House even if the borrower or his spouse/dependent
children are already having an existing Farm House subject to
satisfying other terms of the scheme.
 For purchase of ready built farm house.
 For repair to the existing farmhouse.
Eligibility  The applicant should be a farmer from the operational area.
 The applicant or any member of his family should not be
defaulters to any Bank or financial institution.
 The age of the applicant should not be more than 55 years as on
date of application.
 Maximum eligible age may be relaxed from 55 to 60 years in
deserving cases by the sanctioning authority subject to one of
the legal heirs joining the transaction as co-borrower.

 Maximum eligible age beyond 60 years may be relaxed in
deserving cases by the next higher sanctioning authority subject
to condition that persons who have/may have interest in the
property join the transaction as borrowers and also execute the
mortgage
Quantum Quantum of loan is to be fixed on the basis of estimated cost of
construction/repairs.
 Maximum eligible loan for construction/acquiring new
farmhouse-
a) Farm House-Priority Sector: Rs.20.00 Lakh or 75% of
estimated cost of construction/ acquisition whichever is less.
b) Farm House - Non-Priority Sector: Rs.20.00 Lakh -Rs.100.00
Lakh or 75% of estimated cost of construction/ acquisition
whichever is less.
 Maximum eligible loan for repairs of existing farmhouse-
Maximum eligible loan for repairs is Rs.2.00 lakh or 75% of the
estimated cost of repairs whichever is less.
Margin  Up to Rs.2 lakhs Nil Above Rs.2 lakhs -15-25%
Security  Hypothecation of assets plus mortgage of landed property
where the development is proposed.
Nature of  Term Loan
Classification
Repayment  Maximum period for farm house loans other than repairs is 15
years.
 Maximum period may be extended up to 20 years based on
specific request and keeping in view the cash flow subject to
the condition that persons having interest in the property join
the transaction as co-borrowers or sureties.
 Maximum repayment period for Farm House repair is 5 years.
 Repayment may be in half yearly/yearly instalments along with
interest.
9. Development Loan for Horticulture / Plantation Loan

Purpose  Loans are granted for establishment of estates / orchards clearing
of jungle, leveling of land, conversion of barren land into

cultivable land, minor irrigation, fencing, construction of labour
lines, farm house, purchase of planting material, maintenance
cost till bearing and other inputs, rejuvenation/replanting.
 Generally, loans for purchase of estate/land are not considered.
 Seed and Nursery management, Growing of vegetable and flower
under Polyhouse.
 Hitech horticulture.
Eligibility  The applicant should own economic land holding depending upon
the type of crop proposed.
 The applicant should have experience/knowledge in the
proposed activity.
 Technical advice on various aspects should be available from an
extension agency
 Wherever commodity boards are constituted for the
development/ marketing of such crops, registration with such
boards to be insisted.
Quantum  As per the project
Margin  Up to Rs 2 lakhs – NIL, Above Rs 2 lakhs – 15-25%
in one lump sum and it may be brought in stages. The labour put
in by the applicant and members of family can also be treated as
margin.
Nature of Facility  Term loan
& Classification  Priority / Agriculture
Other features  The loan is to be disbursed in stages depending upon the progress
of work. In respect of development loans where disbursements
are spread over a period of time, relative disbursement should be
made only after satisfying about the developments carried out
and in stages.
 Loans up to Rs. 2 lakhs: where the land is not obtained as
collateral in terms of the guidelines, branches have to obtain
Photo copies of available title deeds duly verifying the same with
the original. Also encumbrance certificate for the past 13 years
should be obtained and it should be ensured that there are no
prior encumbrances on the lands owned by the farmer.
Repayment  To be repaid in 10 to 15 years in annual installments depending
upon the pattern of income generation.
 Repayment holiday 1 to 9 years depending on the crop (please
refer Agric. Manual)

10. Farm Forestry Loan

Purpose  The loan can be granted for raising tree crops including Tree
borne Oil seeds like Jatropha (includes preparation of land,
purchase of seeds/seedlings, fertilizers, pesticides and towards
other expenditure involved for raising trees till they reach the
age of bearing/harvest).
Eligibility  The applicant should be an owner/lessee cultivator.
 Trees proposed to be raised by the applicant should have
adequate demand and should be suitable for cultivation in the
proposed area.
 The State Govt. regulations, if any, should be adhered to.
Quantum  Need based finance.
Margin  Up to Rs.2 lakhs - Nil Above Rs.2 lakhs -15-25%
margin.
Security  Up to Rs 2 lakhs – Hypothecation of assets created of bank loan
Above Rs 2 lakhs – Hypothecation of assets plus mortgage of
Facility &  Priority/Agriculture/
Classification
Other features  The yields may be in the form of timber, fuel, fodder, bark fruit,
leaves, resins, gums, etc. Wherever possible tie-up arrangement
with any of the marketing agencies in the area for purchasing the
marketable surplus may be ensured. Where large farm forestry
programme is proposed to be undertaken at the instance of any
state government the feasibility of promoting a separate
marketing agency may be thought of.
Repayment  4-15 years by yearly installment including a gestation period of 6-
7 years depending on the crop or in a lump sum depending on the
maturity and harvest.
 In respect of loans granted to corporations such as Forest
Development Corporation, the interest has to be recovered
invariably as and when debited.

11. DEVELOPMENT LOANS FOR FARM LEVEL STORAGE
STRUCTURES
Purpose Loans are granted for construction of permanent farm level storage
structures as:
 Warehouses, godowns, silos, storage bins.
 Cold Storages for farmers to store their own produce
Eligibility  The applicant should own agricultural land and should have space
for construction of storage structures.
 Technical guidance and supervision for construction of storage
structure should be available.
Quantum  Need based as per the project
Margin  Up to Rs.2 lakhs - Nil Above Rs.2 lakhs -15-25%
margin.
Above Rs 2 lakhs – Hypothecation of assets plus mortgage of
Classification
Repayment As there is no direct income generation in this project a reasonable
repayment period of 5-7 years may be given based on income
generation out of the farm of the borrower. The loan may be repaid in
half yearly/yearly instalments.
12. LOAN FOR RURAL GODOWN

Purpose Creating scientific storage capacity with allied facilities in rural
areas to facilitate storing of farm produce, processed farm produce
& agricultural inputs and promotion of grading, standardization &
quality control of agricultural produce to improve marketability
and prevent distress.
Eligibility  Individual farmers, Group of Farmers / growers, Non-
Government Organizations (NGOs), Co-operatives, Companies,
Corporations, Partnership and Proprietary firms, Agricultural
Produce Marketing Committees/Boards, Agro processing
corporations, SHGs, Federations, Marketing Boards and Growers‟

Associations.
 The applicant should own agricultural land and should have
space for construction of storage structures.
Quantum No minimum
Max- 75% of Project cost and or Based on the Eligibility and cut
back norms whichever is less.
Margin  Up to Rs 2 lakhs – NIL, Above Rs 2 lakhs – 15-25%
loan, above Rs 2 lakhs – Hypothecation of assets plus mortgage
of land where the development is proposed.
amount.
Nature of Facility  Term Loan
& Classification  Priority / Agriculture (Infrastructure).
Other features Subsidy Claim:
1.For godowns up to 1000 tones capacity – Project cost as
appraised by financing Bank or actual cost or3500/- per MT of
storage capacity, whichever is lower
2. For godowns exceeding 1000 MT capacity – Project cost as
appraised by Bank or actual cost or 3000/-per MT of storage
capacity; whichever is lower.
For NE region/hilly areas, 4000/- per MT or as appraised by
bank/financial institution, whichever is lower irrespective of
godown capacity.
Revision in cost estimates by Central Warehousing Corporation
(CWC) and Central Public Works Department (CPWD), where
applicable.
For godowns exceeding 30,000 MT capacity (25,000MT for the
NE States, Sikkim and hilly areas), subsidy restricted to of 30,000
MT (25,000 MT for NE States, Sikkim and hilly areas) only,
excluding the cases of cooperatives.
Repayment Repayment period will depend upon the cash flow and will be up to
15 years including repayment holiday of 2 years.

13. CONSTRUCTION OF COLD STORAGE
Purpose To establish and running the Cold Storage units.
Eligibility  The applicant should own agricultural land and should have space
for construction of storage structures.
Quantum No minimum
Max- 75% of Project cost or Based on the Eligibility and cut back
norms whichever is less
Margin  Up to Rs 2 lakhs - NIL, Above Rs 2 lakhs – 15-25%
Security  Hypothecation of assets plus mortgage of land where the
development is proposed.
amount, generally.
& Classification  Priority / Agriculture /
Other features Eligible Items of Finance
 Cost of land
 Land levelling, fencing, formation of approach road, drainage etc.
 Civil work of main cold storage building, rack provision, drying
shed, machinery room, store for consumable, generator room,
office, security room etc.
 Insulation of main cold storage building
 Machineries for cooling, air circulation, grading, loading and
weighing
 DG Set
 Water supply arrangement
 Pollution control and waste disposal equipment‟s.
 Miscellaneous fixed assets including office furniture
 Preliminary and preoperative expenses
 Contingency
Repayment  Repayment period will depend upon the cash flow and will be up
to 9 years including repayment holiday of 2 years.
14. Minor Irrigation

Purpose  Sinking/digging an open well or drilling of tube well.
 Repairs to the existing open well
 Installation of Diesel / Electric Pump Sets/Submersible Pump

sets
 Installation of pipelines.
 Drip/sprinkler irrigation system
 for construction of pump house
 for installation of windmills for lifting water from wells, streams,
etc. for agricultural purpose
 for installing Generator Sets for energisation of agricultural pump
sets
 Solar pump sets can also be financed
 Fertilizer mixers and pump sets
 Any other water saving devices/modern irrigation
Eligibility  The applicant should be the owner cultivator
 Individuals, Joint/ Group of Farmers-owner cultivators and JLGs,
SHGs etc. engaged in Agriculture and related activities
 The farmers' land should have adequate source of water. In case
any Public/Government source is being used, water right
certificate from the concerned authority should be produced.
 In case of wells they should have sufficient recouping capacity to
irrigate area proposed to be brought under irrigation
Quantum Based on the Project cost less margin
Margin  Up to Rs 2 lakhs - NIL, Above Rs 2 lakhs – 15-25%
land where the development is proposed / investment is made
& Classification  Priority / Agriculture
Repayment  The loan is repayable in 9 to 15 years by half yearly / yearly
instalments depending upon the income generation including a
repayment holiday of 11months
Moratorium - 11 months for all cases and 23 month Dug wells
15. Farm Machinery Loans

Purpose  Farm machinery loans are considered for purchase of tractor,
power tiller, trailer and accessories, combine harvester, grain
threshers, sprayers, dusters, ploughs drills and such other farm
implements and equipments needed for agricultural activity.

Eligibility a. UPTO 35 HP:
The applicant should have at least 6 acres of perennially
irrigated land or 12 acres of dry land so as to ensure sufficient
work of atleast 1000 to 1200 hours per year including a minimum
of 500 hours of work on the farmers own land.
b. Above 35 HP:
The applicant should have at least 8 acres of perennially
irrigated land or 16 acres of dry land so as to ensure sufficient
work of at least 1200 to 1400 hours per year including a
minimum of 600 hours of work on the farmers own land.
 Borrower shall be scored as per the scoring matrix as per
Annexure - 22 of Manual of Instruction on Agricultural
Finance to assess the eligibility. Scoring matrix is applicable
for financing both new and second hand tractors
ii. Power Tillers (alone/with trailers)/Trailers alone (for
existing Tractors)
a. The applicant should have at least 3 acres of irrigated lands or 6
acres of dry land (Criteria can be relaxed depending on merits
provided the clearance is obtained from RO Head for relaxation of
land holdings.
iii. Combine Harvesters:
a. Sanctioning authority to ensure that the harvestor can be
used efficiently on custom hiring basis looking into the
potentiality for hiring.
b. Non-farming entrepreneurs who are capable of utilizing

combine harvester for undertaking farm work on contract /
custom hiring basis and generating sufficient income are also
eligible.
c. All the combine harvester proposals shall be sanctioned by

AGM-RO-CAC for branches headed by Scale IV or below.
iv. Other Farm Machineries:
The sanctioning authority is empowered to assess the minimum
land requirement depending upon the loan amount and the
economic usage of the machinery to be purchased on the own
lands.
Quantum As per the project

Margin  Upto Rs.2 lakhs: NIL.
 Above Rs.2 lakhs: 15-25% for all Farm Machinery Loans
 Second Hand Tractors: 40%
Security 1.New Tractors alone/with trailers/Combine harvesters/Power
tillers/Other farm machinery:
i) Loans upto Rs.2.00 lakhs: Hypothecation of
machinery/equipment to be purchased.
ii) For Loans above Rs.2 lakh: Hypothecation of

machinery/equipment to be purchased + Mortgage of landed
property value of which is at least equal to the loan amount (or)
Security of tangible assets like NSCs, KVP, the Bank‟s FDs,
surrender value of LIC Policy, Gold (appraised value) etc., with
requisite margin valued equivalent to the loan amount.
i) For Combined Harvestors
Value of the mortgaged property and value of tangible assets
together shall be equal to loan amount.
Nature of Facility Term loan
& Classification  Priority – Agriculture
Repayment
The loan is repayable within 5 to 9 years by half yearly / yearly
instalments depending upon the income generation. The due dates
of instalments should coincide with the harvesting and marketing
period.
Wherever, trailers alone are financed, it is to be ensured that the
repayment to be fixed based on the residual economic life span of
the tractor. Trailers shall not be financed where the economic life
span of the tractor is less than 3 years.

16. SCHEME FOR FINANCING AGRICULTURISTS
FOR PURCHASE OF VEHICLES (ALLHV)
Purpose The vehicles financed under the ALLHV Scheme should essentially
serve the purpose of transportation of agricultural inputs and
outputs.
Loans can be granted for purchase of brand new vehicles such as
two wheelers including cycle, three wheeler carriages, jeep, van
and such other light motor vehicles and heavy vehicles such as
lorries/trucks for supervising agricultural operation/management of
farm / estate and for transportation of agricultural
produce/inputs, labour, etc.
Cars should not be financed under ALLHV Scheme.
Eligibility i. The applicant should be an agriculturist, cultivating his own land
or should be engaged in allied activities such as Dairy, Poultry,
Sericulture, Fish Farming, etc.
ii. The loans are to be permitted only to persons engaged in
production and distribution of agricultural and allied
commodities.
iii. The applicant should possess a valid driving license. However,
ALLHV loans can be sanctioned for purchase of 4 wheelers and
heavy vehicles to eligible borrowers who do not have a valid
driving license but are capable of engaging drivers possessing
valid driving license
iv. For financing Heavy Commercial Vehicles (HCV), the applicant
should have minimum 15 acres of perennially irrigated lands. Such
proposals for purchase of lorries / trucks which do not satisfy the
condition of minimum acreage norms, AGM/DM of CO are
permitted to sanction loans relaxing the acreage norms.
Quantum  Loan quantum is to be arrived on the basis of cost of the vehicle
to be purchased as per invoice, life tax, registration charges,
insurance premium and other accessories by maintaining
stipulated margins.
Margin  For ALLHV – other than MCV & HCV - 10%.
 For ALLHV – MCV & HCV - 25%.
 For Second hand ALLHV - 25%.
Security  Hypothecation of vehicle upto Rs.2 Lakhs
 Mortgage of landed property or co-obligation of a person having
sufficient net worth, if loan amount exceeds overall limit of Rs.2
lakhs .
 For MCV/HCVs mortgage is compulsory

Facility &  Priority / Agriculture / Farm Credit
Classification
Other  Aggregation of loans/liability for security norms: The liability of
features the borrower under ALLHV loans need not be taken into
consideration and vice-versa and are grouped under investment
loans while deciding security norms for other investment loans.
Repayment  The loans are to be recovered in 3 to 5 years in
monthly / quarterly / half yearly / yearly installments
depending upon the income generation from the farm/estate.
 In respect of MCVs/LCVs loans are to be repaid in 5 to 7 years
in monthly/quarterly installments.
Second Hand  The vehicle to be purchased should not be more than 5 years old
Vehicle – and should be free from encumbrance.
ALLHV  Valuation report of the vehicle should be obtained from an
approved valuer.
 The quantum of loan should not be more than 75% of the value of
the vehicle as per valuation report or purchase consideration
whichever is less.
 The loan is to be repaid within 3 years.
17. Bullock/Camel/Cart Loan

Purpose  Loans are sanctioned for purchase of Bullocks, Camel and animal
driven carts
Eligibility i. The applicants should be either farmers or agricultural
labourers having sufficient land or scope for hiring the bullock
and cart for economical returns.
ii. The applicant must be in a position to meet the expenditure on
the maintenance like shoeing, feeding and replacement of ropes
of bullocks, repairs on carts, etc.
iii. It is preferable if applicant possesses shed to house the cart
and bullocks etc.
Quantum  Need based
Margin  Upto 2 Lakhs – Nil, Beyond 2 Lakhs - 15-25%

Security  Upto 2 Lakhs - Hypothecation of assets created out of our
finance + Compulsory coverage for Credit Guarantee under
CGFMU.
 >2 Lakhs upto 10 Lakhs - Hypothecation of assets created out of
our finance + Mortgage of land where primary activities are under
taken and which forms a part of developmental activity and
connected with the activity + Compulsory coverage for credit
Guarantee under CGFMU.
 > 10 Lakhs - Hypothecation of assets created out of our finance +
Mortgage of landed properties.
Nature of  Term loan
Classification
Other criteria  During the inspection, Present crops grown, yield, net income,
etc., Scope for hiring the cart and bullock, Utility of cart and
bullock on farmers own land and the need for purchase of the asset
should be observed among others (as per Check list).
Repayment Cart and Bullock loans are repayable in 5 to 7 years in quarterly/half
yearly installments depending upon the income generation.
18. Dairy Loans

Purpose  Construction of cattle shed
 Purchase of high yielding milch cattle (yielding not less than 5
litres per day)
 Purchase of dairy equipments, cattle feed and for cultivation of
green fodder.
 Expenditure incurred for transportation of animals where the
animals are not purchased locally.
 Setting up of on farm processing and pasteurization plants.

 Loans can be extended for purchase of Crossbred heifer and/or
for its rearing till it reaches lactation period.
 Known cattle breeders and technically qualified entrepreneurs
can be financed for purchase of non descript cows for getting
crossbred progeny and for its rearing upto maturity or till it is
sold, whichever is earlier.

Eligibility Farmers, Individual entrepreneurs, NGOs, companies, groups of un-
organized and organized sector etc. Groups of organized sector
include Self Help Groups (SHGs), Dairy cooperative societies, milk
unions, milk federations etc
Quantum  Depending on project cost, dairy project should be financed in
accordance with indicative unit costs stipulated by NABARD less
margin.
CGFMU.
Nature Of Term Loan and Working Capital

Facility &
Classification Priority/Agriculture/Farm Credit
Repayment  5 to 7 years in monthly/Quarterly instalments.
Moratorium - Project involving shed construction, pasteurization
etc, 12-18 months may be stipulated on case to case basis;
else 1-2 months
19. Sheep / Goat Rearing Loan

Purpose  Purchase of sheep suitable to the area and construction of stall
for housing the animal.
 Purchase of goats suited to the area for rearing either under stall
or free grazing conditions.

Eligibility  The selected breed should be suitable for the tract, and easily
available at reasonable cost.
 There should be sufficient grazing facilities and accommodation
to house the animals.
 Veterinary assistance should be easily and readily available.
 There should be good demand for mutton, wool, leather and
other sheep products and assured marketing facilities.
 The farmer should preferably be a member of a co-operative
sheep rearing society or association, which would be able to
extend various facilities to its members and assist the bank in
identification of borrowers, in disbursement, supervision and
recovery.
Quantum  Need based
CGFMU.
Classification
Repayment: For sheep – 7-9 years. Gestation period –12-18 months. H/y & Y
instalments from the sale proceeds of progeny
For Goat – within 7-9 years. Gestation period – 12-18 m. Q & H/Y
installments.

Other Criteria Goat rearing should be financed only in the areas identified by
Animal Husbandry / Forestry Department where adequate grazing
facilities are available. A certificate from the Animal Husbandry /
Forestry Department recommending goat rearing in the area and the
breeds of goat suited for the area has to be necessarily obtained
before considering such loans. This certificate is not required for
stall-fed goat rearing.
20. Poultry & Duck Rearing

Purpose For establishing / improving layer / broiler farms and hatcheries
including purchase of chicks, feeds, medicines, equipments, feed
mixing plants, construction of poultry sheds.
Also for rearing Ducks / Turkeys / Quails.
Eligibility  The applicant should have experience/knowledge in poultry
farming/duck rearing.
 The farm should have sufficient accommodation for the birds
proposed to be purchased.
 Good quality, adequate drinking water facilities should be
available in the farm.
 The farm should be located in a calm area, free from
disturbances, dust, noise, etc.
 Veterinary facilities, marketing facilities should be available in
nearness to the farm.
 Availability of day old chick, feeds, etc and also facility for
replacement of ducklings.
Quantum  Need based as per the project
Margin  Upto Rs.2 Lakhs – Nil, Beyond Rs.2 Lakhs - 15-25%
Security Upto 2 Lakhs - Hypothecation of assets created out of our finance +
Compulsory coverage for Credit Guarantee under CGFMU.
> 2 Lakhs upto 10 Lakhs - Hypothecation of assets created out of
> 10 Lakhs - Hypothecation of assets created out of our finance +

Nature of  Term Loan and Working Capital
Facility &  Priority / Agriculture
Classification
Repayment  Repayment of loan for Broiler Chicks/feeds: 90 to 105 days and
for Layers in 18 months in monthly installments with 6 months
repayment holiday.
 Composite loans for Poultry shed equipment etc. Repayment in 7
to 9 years with repayment holiday of 12 to 18 months.
 Duck Rearing loans to be repaid within 4 to 5 years in
quarterly/half yearly installments, inclusive of 12 months
gestation period.
Other criteria  Bird Insurance Waiver (317/19): The corpus fund at Borrower
level to be collected as RD per month (collected for 5 yrs) on
working capital limit/s & should be stipulated as collateral.
i) Commercial Layer –6% of WC,
ii) Commercial Broiler–12% of WC
iii) Parent Broiler – 10% of WC.
iv) Scoring as per A37 to be conducted
 In case of Poultry Loans of above Rs. 2 Lacs involving construction

of poultry sheds : Obtention of bills / vouchers / receipts can be
waived, subject to compliance of certain conditions. However,
bills / vouchers are to be obtained for investment portion of the
poultry loans like cages, equipments, chicks, etc, as per extant
guidelines.
21. Piggery Loan

Purpose Piggery loans are sanctioned for improving/establishing piggery
farms for fattening/ breeding including purchase of boars, sows,
feeds and construction of pig sty.
Eligibility  There should be sufficient accommodation for the existing
animals as well as those proposed to be purchased.
 Veterinary assistance should be readily available.
 Suitable breeds of pigs should be easily available.
 Feeds should be easily available at reasonable cost.
 There should be good demand for pork, bacon, ham and sausage.
 Necessary permission from municipal authorities wherever
needed.
Quantum  Need based depending on the project

Margin  Upto Rs.2 Lakhs – Nil, Beyond Rs.2 Lakhs - 15-25%


Classification
Repayment  When the loan is granted for breeding of pigs for production of
piglets for sale & construction of pig sty, loan should be repaid
within 4-5 years in yearly installments including initial
repayment holiday of 12 months.
 When the loan granted is for purchase of piglets for fattening,
loan should be repaid in one lumpsum within 12 months or
marketing, whichever is earlier.
Reference Manual of Instructions on Agricultural Finance.
22. Bee Keeping (Apiculture)

Purpose  The loans are considered for purchase of equipment such as
bee boxes, bee hives, honey extractor and smokers, bee
colonies, foundation combs, sugar, etc., for rearing bees.
Eligibility  The applicant should have experience/knowledge in the activity.
 The cropping pattern of the area should be suitable so as to
have sufficient availability of flower throughout the year and
there should be facilities for migration of bees.
Quantum Need based depending on the project.



Classification
Repayment  The loan should be repaid in 3 to 4 years in annual installments
with an initial holiday period of 1 year. However, as the parties
will be getting the benefit of increased production by cross
pollination, the loan may be recovered from the sale proceeds of
crops also.
Other Criteria As far as possible, the loan amount should be disbursed directly to
the suppliers of equipments, bee colonies, etc. Usually, KVIC
arranges for supply of required equipments.
Reference Manual of Instructions on Agricultural Finance.
23. Fisheries Loan

23A. Fisheries Loan- Marine/Deep Sea
Purpose  For purchase / construction of mechanized boats.
 Mechanization of country boats with inboard / outboard engine.
 Non-mechanized boats.
 Catamarans.
 Nets and other fishing equipments.
 For purchase/construction of vessels / trawlers, fishing
equipments.(Deep Sea Fishing Vessel)
Eligibility  The applicant should be well experienced / professional
fishermen.
 Applicant should be able to manage the craft and have trained
crew to operate the craft / vessel.
 There should be good potential fishing grounds in the command
area of coastal tracts and fish varieties which have good demand

(inland / export) should be available in large quantities.
 There should be adequate harbour facilities for landing, berthing
and sheltering of boats.
 There should be adequate cold storage / processing / freezing /
canning facilities. For marketing, refrigerated and insulated
transport vehicles must be available.
 The party should be preferably a member of Fish Marketing
Federation, which assists the fishermen for marketing the catch
and also undertakes to remit the sale proceeds to the bank.
Quantum  Need based working capital requirement of two voyages
considered as separate short-term loan or as composite loan
along with term loan.
Margin  For loans up to Rs. 2 lakhs : No margin
 For loans more than Rs. 2 lakhs :15% to 25% of the project cost
 Deep Sea fishing vessels : 25-33%
Security Upto 2 Lakhs - Hypothecation of assets created out of our finance
+ Compulsory coverage for Credit Guarantee under CGFMU.
Mortgage of landed property.
Loan for Deep sea fishing vessels, the value of collateral security
of immoveable properties should be atleast 200% of the loan
amount
Nature of  Need based working capital requirement for two voyages
Facility & comprising fuel and oil costs, consumables and stores, salary and
Classification crew wages, repairs and maintenance costs, processing and
storage costs are considered as a separate short term loan or as a
composite loan along with term loan.
 Priority/Agriculture/Farm Credit
Repayment  Non – mechanized boats 4 to 7 years and mechanized boats 8-12
years in monthly installments spread over the fishing season.
 Repayment holiday up to 4 months in a year during off-season
(monsoon season) may be permitted.
 For Deep Sea Fishing Vessel – in 8 years - monthly/quarterly &
1year Repayment holiday.
Other criteria  Our lien on the boat should be registered with Port Authorities \

MPEDA and also with State Fisheries Dept., wherever the boat is
registered under State Act also.
 Deep Sea Fishing Vessel:
Second hand vessel should not be financed.
The stability and other aspects related to construction

parameters are to be checked by qualified personnel (licensed
surveyor or naval architect) or report from the Central Institute
of Fisheries Technology (CIFT).
Tripartite agreement among the borrower, our Bank and the

vessel builder should be executed to ensure that the vessel is
built in time as per the agreed terms and conditions. The
agreement is to be approved by R & L section of the concerned
Circle office.
23B. Fisheries Loan- Inland
Purpose  Loans are sanctioned for rearing of fishes in all its aspects i.e.
such as construction/ deepening/widening desilting of ponds,
purchase of fingerlings, equipments, manures, feeds and labour
inputs
Eligibility  The applicant should be experienced / professional fisherman/
trained entrepreneur.
 The applicant should own/take on lease land/water
tanks/swamps brackish water areas.
 Technical guidance from Fisheries Dept. should be available.
 Fingerlings should be easily available.
 Adequate marketing / processing facilities should be available
Quantum  Need based finance.
Margin  For loans up to Rs. 2 lakhs : No margin

 For loans more than Rs. 2 lakhs :15% to 25% of the project cost

CGFMU.

Mortgage of landed property.
(For loans granted for construction/deepening of tank, the security
norms will be as advised in the farm development loan.)
Nature of  Term Loan/Short Term Loan/Working Capital
Facility &  Priority/Agriculture/Farm Credit
Classification
Repayment  Loan for purchase of fingerlings, manuring of ponds etc. shall be
repaid as follows:
o Culturing of shrimps: 1 year 2 to 3 equal installments
o Culturing of fishes: 1 year in lumpsum or after harvest of
fishes whichever is earlier.
 Loans granted for repairing / desilting of tanks – 5 to 8(pond
fish) or 5to10 years (brackish water/prawn culture) with initial
holiday of 11 months
23C. MATSYA SURAKSHA

Purpose Recurring expenses of fishermen towards cost of fuel, oil,
consumables and stores, repairs and maintenance of own boats,
selling and other working capital related expenses
Eligibility Fishermen owning traditional catamarans, masula boats, plank-
built boats, dug out canoes, machwas, or dhonis. Fishing shall
be his sole source of income
Quantum Minimum - Rs 10,000/- , Maximum - Rs 1,00,000/-
Margin NIL
Security Hypothecation of fishing boat & equipments, fish catch or other
assets created out of bank finance

Nature of  Single transaction short term loan
Facility &  Priority Sector / Agriculture / Farm Credit
Classification
Repayment Single Transaction limit: To be repaid in 35 months in 24 equal
installments. (Repayment holiday from June to September every
year)
23D. MATSYA PARIRAKSHAN

Purpose Recurring business expenses of fisherwomen towards cost of
procurement of fish for selling/ processing and related expenses
Eligibility Fisherwomen engaged in processing (preparation of dry fish etc)
/ retailing of fish in markets
Quantum Minimum: Rs 5,000/-, Maximum Rs 50,000/-
Margin NIL
Security Hypothecation of assets created out of bank finance
Nature of  Single transaction short term loan

Facility &  Priority Sector- AGRI FOOD & AGRO PROCESSING UNITS
Classification
Repayment To be repaid in 35 months without any repayment holiday. Interest
to be recovered along with installments
23E. MATSYA SAMRUDDHI

Purpose  The group members may be involved in any of the following
activities;
Fresh Fish vending, Fish Drying, fish salting, fish net making,
fish feed production, fish manure production, boat/net
purchase, fish carrying vehicle purchase, inland fisheries,
women involved in cleaning the fish at fish markets either
individually or in groups.
 Groups can be financed for the above purposes or for
consumption purpose.

Eligibility The Group should have been in active existence for at least a
period of six months.
The Group should have under taken savings and credit operations
through internal lending
 The group should be maintaining proper accounts /Records
Quantum  Loan requirement of a group shall be assessed taking into
account the rate of savings at the time of assessment
 The total savings of the group for Five years at current rate shall
be calculated
 Maximum loan of Rs 50,000/- per member with a maximum of
10,00,000/- to a group.
 The amount which a group will be entitled to have in the ratio
of 1:4 after projected savings of 5 years shall be arrived. If the
group submits micro credit plan, then savings need not be taken
into consideration.
Margin NIL
Security Hypothecation of assets created out of bank finance
Nature of The limit can be extended either as a revolving limit on the lines of
Facility & overdraft or as a single transaction limit
Classification Priority Sector- AGRI FOOD & AGRO PROCESSING UNITS
Repayment  Cash credit limits valid for 5 years subject to an annual review
 Short term loan/term loan if sanctioned for asset creation
24. Sericulture
Purpose  Crop production loan for raising Mulberry crop.
 Purchase of eggs.
 Purchase of rearing equipments.
 Construction of rearing house.
 Establishing reeling unit.
Eligibility Farmers cultivating own land/registered leased land with
irrigation facilities for cultivation of mulberry.
Quantum Based on the project cost less margin (As per NABARD norms or as
recommended by the State department of Sericulture)
Margin  Upto Rs.2 Lakhs – Nil, Beyond Rs.2 Lakhs- 15-25%

Security Upto 2 Lakhs - Hypothecation of assets created out of our finance
+ Compulsory coverage for Credit Guarantee under CGFMU.
Classification
Other features In order to study the technical feasibility and economic viability of
the proposals under land development scheme, the following
details are required:
 The nature of proposed development work and cost involved.
 Plan and estimates of the proposed work from a competent
authority/person.
 Post development income based on the new cropping pattern.
 Gestation period.
 The guidelines of NABARD and State Sericulture dept should be
complied.
Repayment Sericulture-New Plantation – 4 Years Term
Sericulture-Equipments – 3 Years Term
Sericulture-Rearing House – 5 Years Term
Periodicity – Half yearly payment
 The loan for cultivation of Mulberry, rearing of silk worms,
construction of rearing house, purchase of equipments, etc. is
repayable in 3 to 7 years in half yearly instalments including a
gestation period of 11 months.
 Tray system – 7 years & Shoot rearing system – 6 Yrs
 The loans granted for cultivation of mulberry and silkworm rearing
should be recovered within a year by quarterly instalments or
marketing of cocoons whichever is earlier.
 Moratorium – 11 months

25. Biogas Plant Loan
Purpose  The loans are considered for digging pits, masonry work,
purchase of gas holder, gas stove, pipelines, accessories and
other installation charges.
Eligibility  The applicant must have sufficient number of cattle to feed the
Bio-gas plant with cow dung.
 There should be sufficient accommodation for the animals and
adequate arrangements for the fodder besides requisite water
source.
 Technical guidance from KVIC / KVIB / BDO / Dept. of
Agriculture should be ensured for selection of site, erection /
installation of the gas plant and also for its periodical
inspection.
 The party should produce technical feasibility certificate from
KVIC / KVIB / BDO/ Dept. of Agriculture.
(A beneficiary who has been earlier assisted under other subsidy
linked programmes can be financed under bio-gas scheme
provided he is a non-defaulter.)
Quantum Need based finance.
Margin Up to Rs.2 Lakh – Nil, Beyond Rs.2 Lakh- 15-25%

 Above 2 lakhs – Hypothecation of assets + mortgage of land where
the development is proposed.
Classification
Other  The loan may be disbursed in two installments, the first
installments for excavation of pits and on starting masonry
work.
 The second installment should be made to the approved
fabricators / suppliers for the cost of gas holder only after they
deliver the same and on receiving an acknowledgement from
the beneficiary to this effect.
Repayment The loan amount should be repaid in 7 years in half yearly / yearly
installment.

26. Loans for Purchase of Agricultural Lands
Purpose  The scheme aims at providing term loan to small/marginal
farmers including share croppers / tenant cultivators to purchase
agricultural land as well as fallow and wasteland production/ to
develop and cultivate it with a view to increase production/
productivity. It also enables them to diversify the present
activities and to take up allied activities.
Eligibility  Small and marginal farmers i.e., those who would own
maximum of 5 acres of dry land or 2.5 acres of irrigated land
including the land to be purchased.
 Share' croppers / tenant farmers cultivating upto 2.5 acres of
irrigated land or 5 acres of dry land as the case may be.
 The total land holding of the borrower after the purchase of the
land under the scheme should not exceed 2.5 acres of irrigated
land or 5 acres of dry land or equivalent.
 Entrepreneurs with agricultural background are also eligible
(Provided State laws permit purchase of agriculture lands by
such persons) subject to the above ceiling.
 Entrepreneurs/applicants should be from an agricultural family
or/and an agricultural graduate, seeking to establish an
agriculture enterprise relating to agriculture (including allied
activity).
Quantum  Maximum of Rs.10 lakh
 Valuation as assessed by the Branch (ii)Guidance value/Circle
rate fixed by the State or (iii) the registration value whichever is
lower, plus value of stamp duty, registration charges for sale
/mortgage deed.
Margin Loans upto Rs. 2.00 Lacs: NIL
Loans Above Rs. 2.00 Lacs : 10-15%
Security  Hypothecation of crops & Mortgage of lands irrespective of the
limit(subject to the ceiling of Rs.10 lakh under the Scheme)-
lands presently owned, if any, and to be purchased
Classification
Repayment  7-10 years, half yearly/yearly installment, including a maximum
moratorium period of 24 months.
 If the project involves further development of the land, such as
long-term orchard development, the branch to fix the repayment
schedule synchronizing with the income generation.
 A minimum DSCR of 1.5 is to be ensured.

Other criteria  Original sale deed must be obtained within a period of 3 months.
 The requirements of the farm for development / investment
needs can also be considered based on merits under the ongoing
schemes of our bank.
Reference  Manual of Instruction on Agricultural Finance.
27. SCHEME FOR PROVIDING CREDIT TO TENANT

FARMERS & ORAL LESSEES FOR RAISING CROPS
THROUGH JOINT LIABILITY GROUPS(JLG‟s)
Purpose
 To augment flow of credit to landless farmers cultivating
land as tenant farmers, oral lessees or share croppers and
small / marginal farmers as well as other poor individuals
taking up farm activities.
 A Joint Liability Group (JLG) is an informal group
comprising of 4-10 individuals coming together for the
purpose of availing bank loan on individual basis or through
group mechanism against mutual guarantee.
 Generally, the members of a JLG would engage in a similar
type of economic activity.
 In certain groups, members may prefer to undertake
different type of economic activities as well.
 The members would offer a joint undertaking to the bank
to enable them to avail loans
 JLG members are expected to provide support to each
other in carrying out occupational and social activities.
Eligibility  Model A: Financing Individuals in the JLG:
Each member of the JLG could be provided an individual KCC.
Assess the credit requirement, based on the crop to be
cultivated, available cultivable land / activity to be undertaken
and the credit absorption capacity of the individual. All
members would jointly execute a loan document, making each
one jointly and severally liable for repayment of all loans taken
by all individuals belonging to the group.
 Model B: Financing the JLG as a Group:
The JLG functions, operationally as one borrowing unit in this
model. The group would be eligible for accessing one loan,
which could be combined credit requirement of all its

members. The credit assessment of the group could be based
on the available cultivable area of each member of the JLG /
activity to be undertaken for farm sector, All members would
jointly execute the document and own the debt liability
jointly and severally.
The mutual agreement needs to ensure consensus among all

members about the amount of individual debt liability that
will be created. Any change in composition of the group, will
lead to a new document being registered by the bank branch.
JLG grading score of 6 out of 10 will be eligible for credit
facility.
Quantum There is no ceiling on quantum of loan. However, Scale of
finance to be taken into account while sanction of crop loans
and in case of development /investment loans branches may
refer NABARD Unit costs or other designated agencies
Margin Upto 2 Lakhs per member NIL.
Beyond 2 lakhs per member - as per the respective activity.
Security Hypothecation of Assets created out of bank finance.
Nature of Short Term Loan
Facility & Priority / Agriculture
Classification
Rate of interest As applicable to loans / advances to SHGs
Repayment Repayment of the loan shall be specified linking to marketing of the
crops. It shall not exceed 12 months for short duration crops and 18
months for long duration crops.
28. AGRICULTURAL D R I LOANS

Purpose Loans can be considered for both working capital and term loan for
any agricultural / allied activity as per our various schemes under
agricultural finance.

Eligibility  The family income of borrower from all sources should not exceed
Rs.24000/-p.a. in urban and semi-urban areas, Rs.18000/- p.a. in
rural areas.
 The size of the land holding should not exceed 1-acre irrigated
land or 2.5 acres un-irrigated land. However, borrowers
belonging to SC/ST are eligible for loan irrespective of their
land holdings.
 The applicant should not have availed any financial assistance
from other financial institutions.
 The applicant should not engage any paid employees on regular
basis for the activity. However, assistance from family members
or joint partners can be availed.
Quantum Rs.15000/- for general purposes & Rs.20000/- for housing purpose
Margin NIL
Security Hypothecation of moveable assets created out of Bank finance will
form the security for this loan.
Nature of Working Capital / Term Loan
Facility & Priority / Agriculture
Classification
Repayment
Other Criteria  Loans upto Rs. 15000/- for agricultural purpose can be granted
under the scheme either in the form of working capital, as term
loan or as a composite loan.
 Two copies of the photo of the borrower should be obtained. The
cost of photograph will be borne by the Bank.
 Simple rate of interest at 4% p.a. should be charged for the loan.
 Compound interest is to be charged only when the entire loan
becomes overdue.
29. SCHEME FOR REDEMPTION OF DEBTS OF FARMERS FROM

NON-INSTITUTIONAL SOURCES
Purpose To provide relief and to remove the debt burden of identified
acutely distressed farmers who are under burden of debt from non-
institutional sources (eg. money lenders) by providing them loan for
debt redemption.
Eligibility Individual farmers who have raised loans from non-institutional
sources.
Quantum  Term Loan upto the extent of indebtedness of the farmer to non-

institutional sources can be considered provided it is within 150%
of Gross annual income of the farmer from all sources, subject to
a maximum of Rs.50,000/-.
 Cost of title investigation, mortgage, etc, if any, will also be
included for arriving at the loan limit.
 Loan would be sanctioned only if it is sufficient to clear the
entire dues outstanding from non-institutional sources.
Margin Nil
Security Clean
If other Agricultural Loan exists & total exposure exceeds Rs.2 lakh,
mortgage to be obtained ( Ho cir 74/2019)
Nature of Term loan
Facility & Priority sector- Agriculture
Classification
Other  The eligible farmers should give a declaration indicating the
features source (name and address), amount of debt, date of creation of
debt and other relevant details and an undertaking that no
borrowing would be made from Non institutional sources during
the pendancy of loan, in case loan is permitted.
 Declaration given by the farmer is to be certified by Gram
Panchayat Member or by existing reputed customer of the Branch
or by the President / Secretary of a reputed NGO operating in
the Block or office bearers of the Farmers' Clubs promoted by
the branch.
Repayment Loan is to be repaid within 5 years in quarterly / half yearly / yearly
instalments based on income generation of the farmer.
Ref. Circulars Manual of Instruction on Agricultural Finance
30. HI-TECH AGRICULTURE

Purpose  To finance Tissue Culture, Floriculture, Mushroom Cultivation,
Aquaculture, Export oriented agriculture etc projects.
 Working capital assistance on an ongoing basis for Hi-Tech
Agriculture.
Eligibility / The characteristic features of hi-tech agriculture technology

Features include:
 Innovation
 Sophistication & precision
 Labour saving

 Capital intensive
 Mass production
 Efficiency High productivity
 Quality Automation & superior
 High value / value added products technology
 High density planting
GOVERNMENT & OTHER CLEARANCES for eligibility:

 Land conversion if required.
 SLA approval for foreign collaboration for 100% Export Oriented
Units (EOU).
 Green card for 100% EOU.
 Foreign Investment Promotion Board (FIPB) approval if
stipulated.
 RBI approval for technology transfer fees.
 Import & Export code (RBI) & from Director General of Foreign
Trade (DGFT).
 Pollution Board clearance.
 Agricultural Processed Foods Export Development Authority
(APEDA) registration.
Quantum Project Cost, Need Based
FINANCIAL ANALYSIS / ECONOMIC VIABILITY:
 Cost comparison with existing, preferably recently
implemented/proposed project should be made.
 Projects should be analyzed on the basis of its strength, weakness,
opportunities & threats (SWOT Analysis).
 Financial appraisal of the project must be made with reference to
internal rate of returns (IRR), debt equity ratio, debt service
coverage ratio (DSCR), break even analysis, pay back and fund
flow.
Margin  Upto 2 Lakhs – Nil, Beyond 2 Lakhs- 15-25%.

Security  Hypothecation- 2 Lakhs.
 Beyond 2 Lakhs, Mortgage of immovable properties to the tune of
125% of loan amount.
Nature of Term Loan / Working Capital
Facility & Priority /Farm credit or agriculture infrastructure depending on the
Classification activity

Other Land development / inter cultivation expenses.2. Cost of fertilizers.3.
features Manures and other nutrients.4. Pesticides.5. Irrigation / water /
power / fuel charges.6. Labour charges.7. Salary / wages.8.
Harvesting expenses.9. Other misc. expenses.10. Add marketing costs
are to be considered for cost of production .
Repayment 7 -15 years based on the income generation capabilities and
economic life period of asset for Term Loan.
Working Capital based on the project cycle.
Reference Manual of Instructions on Agriculture Finance Manual
31. AGRICULTURAL LOANS TO EMPLOYEES OF OUR BANK

Purpose Loans can be granted for:
a) Development purposes
b) Cultivation of crops
c) Purchase of tractors / power tillers, bullock & cart loans if
required for ploughing of lands and transport of produce.
However, loans should not be given for allied activities like dairy,
poultry and for construction of farm house etc.,
Eligibility  Employee should be confirmed in the services of the Bank.

 The landed property which the employee owns should have been
inherited and not acquired.
 Further, the landed property which the employee including ex-
servicemen owns should have been granted / assigned / allotted
by the government to employee prior to joining the bank.
 The cultivation should be carried on either by hired labour or by
employee's family members. It should not, in any way, interfere
with the employee's duties in the Bank.
(In respect of loans to part time employee who are on consolidated
wages the normal guidelines as applicable to customers are to be
followed.)
Quantum As per respective scheme / project

Margin As per respective scheme / project
Security As per respective scheme / project
Repayment As per respective scheme / project
31 A. AGRICULTURAL LOANS NNND AGENTS

 Branches can consider agricultural loan proposals from NNND
agents. However, normal appraisal eligibility and other terms
and conditions as applicable to other customers should be
adhered to.
 Commission income of NNND agent should be reckoned to

determine the repayment capacity while considering loan
proposals.
32. SCHEME FOR FINANCING THROUGH SELF HELP GROUPS

(SHG‟s).
Purpose  The objectives of SHGs is to inculcate the habit of thrift, banking
culture in availing loans for productive purposes and repaying the
same over a period of time and in the process to gain the
economic prosperity through loan / credit.
Eligibility The group size should preferably be between 10 and 20 members to
enable effective participation.
 The group should have been in active existence for at least a
period of six months.
 The group should have successfully undertaken savings and credit
operations out of its own resources.
 Democratic working of the group, wherein all members feel that
they have a say should be evident.
 The group should be maintaining proper accounts /records.
 The branch should be convinced that the group has not come into
existence only for the sake of participation in the project and
availing benefits there under. There should be a genuine need to
help each other and work together.
 The SHG members should preferably have homogenous
background and interests.
 The interest of the NGO or the Self-Help Promoting Institution
(SHPI) concerned, if any, in the group is evident and the agency is
helping the SHGs by way of training and other support for skill up
gradation and proper functioning

Quantum A minimum limit of Rs. 1 Lakh to be granted to eligible SHGs during
first credit linkage.
a) Cash Credit limit:
Cash credit limit to be sanctioned to SHGs in the ratio of 1:1 to 1: 4
taking into account the notional savings of 5 years. Total savings of
the group at present + savings projected for next five years will be
worked out & based on which the CC limit would be fixed.
b) Term loans to SHGs:
i) SHG Loan sanctioned under Govt. Sponsored Scheme where the
release of subsidy is linked to prompt repayment of the loan.
ii) Further, the SHGs shall be extended term loans whenever
they under take group activities and the term loans are taken
by the Groups to undertake such group activities.
Margin Upto 20 lakhs – Nil
Security Collateral shall not be insisted for loan amount upto Rs. 20 Lakhs
Whenever the SHG Members avail the loan for starting an income
generating activity, then the assets purchased out of our finance is
to be taken as Security to the Bank loan
Nature of  Term Loan / CC
Classification
Repayment  Cash credit limit shall be sanctioned to SHGs tenable for five
years. Hence only the interest shall be payable on a monthly basis
as and when debited.
 The SHG would be free to prescribe appropriate repayment
period and terms for loans to its members as determined by the
group.
 Maturities should be differentiated and not uniform. Particularly,
all loans should not be at the recommended maximum maturity.
 Shorter maturities have two advantages which should be strongly
emphasized in consultation with NGOs, SHGs and members. They
are easier to handle and thus less risky. They permit a more
dynamic growth of the loan portfolio.
 First loans under Bank to NGOs, SHGs or members could have
shorter maturities. Subsequent loans may have longer maturities,
if justified.

33. LENDING TO MICRO CREDIT GROUPS (MCG‟s)
Purpose  The objective of the scheme is for providing credit to groups of
persons belonging to the economically disadvantaged sections of the
society in Rural/urban areas for taking up any income generating
activity. It is a scheme for Micro Credit for financing the economically
disadvantaged sections irrespective of the areas by financing them in
groups, for taking up any Income Generating Activities, falling within
the purview of priority Sector definition
Eligibility The loan can be sanctioned to Micro credit groups, provided.
 The group consists of people not exceeding ten belonging to
economically disadvantaged sections. The minimum and
maximum number of members in a group is restricted to three (3)
and five (5) in urban areas and five (5) and ten (10) in rural and
Semi urban areas.
 Branch may consider finance to groups of more than 10 members
selectively.
 The group shall consist of members whose individual income does
not exceed Rs.50000/- P A.
 The individual members should be permanent residents of the
area for the last three years
 Not more than one person from a family can be included in a
group.
Constitution of the group:
The membership of the group shall be between 3 -5 in Urban and

Metro areas and 5-10 in Rural and Semi urban areas.
Quantum  The maximum amount that can be sanctioned to an individual in a

group shall not exceed Rs.50000/-.
 The maximum loan that can be permitted to the group is
restricted to Rs.2,50,000 in urban areas and Rs. 5,00,000/- in
rural areas and semi urban areas.
Margin No Margin need to be brought in by the MCGs for direct lending by
the Bank.
Security The loans given to the groups are to be treated as clean loans, since the
assets created out of the above loans are of smaller in value and get
disposed off easily.
Nature of  Single Transaction Term Loan
Classification

Other criteria The scheme is credit linked and not savings linked. In other words
the savings is not a pre condition, though it is desirable and to be
encouraged. The following are not applicable to Micro Credit
group:-
a) Active existence of the Group for at least a period of six
months.
b) Successful undertaking of savings and credit operations from
own resources.
c) Rating of the Group.
Along with loan for income generating activity, loans could be given
to the group up to a maximum of Rs.25000/- per member, for debt
swap also, within the overall limit of Rs.50000/- per member.
Repayment Single Transaction Term loans – 48 months in monthly/quarterly/half

yearly 3 months holiday.
Can be extended to 60 months depending upon the income generation

34. SCHEME FOR FINANCING MICRO FINANCE INSTITTUTIONS (MFI‟s)
Purpose To sanction the loans to the MFIs for on lending to SHG /Micro Credit
Groups(MCG)
Eligibility The following conditions are to be fulfilled by MFIs:
i. MFI should be a registered body. The memorandum of

association and bye laws of the mFI should have explicit power to
raise loans from banks and financial institution, to offer security
for loans availed from the banks and financial institutions in such
form as may be required by the lender and to carry on micro
finance activities.
ii. In existence for a reasonable time and /or run successfully micro-
credit Programme at least for the last 3 years.
iii. Min outreach of 3000 poor members (through individual lending /
SHGs / partner NGOs or mFls)
iv. Rated by an accredited rating agency - CARE / ICRA / India
Ratings (Fitch India) / CRISIL / Brick Work Ratings India Private
Ltd. and SMERA
v. Formulated a realistic business plan for the next 3-5 years
demonstrating the financial sustainability of its operations.
And all other guidelines detailed in the Manual of Instructions on
Agricultural Finance.
All the institutions/Organizations eligible should have scored at least

50% (37.5) of the highest achievable marks (75 out of 100) as per
scoring matrix given in Annexure - 39 of Manual of Instructions on
Agricultural Finance
Quantum As per Project
Margin Cash margin of 10% be stipulated for lending to intermediaries for on
lending to MCGs. Relaxed margin by 5% to the deserving cases by
sanctioning authority
Security The loans sanctioned to NGOs/MFIs/MFI-NBFCs are also to be treated
as clean loans. Personal guarantee of the promoters / Book debts of
the Company may be taken as security wherever possible. Margin of
10% shall be stipulated for book debts if taken as security
Nature of As per the respective schemes

Facility &
Classification

Other criteria Micro finance model - Group lending through financial
intermediaries
1. Finance to MFIs for on lending to the Self-Help Groups/Joint
Liability Groups (NABARD Model):
2. Finance to MFIs for on lending to Micro Credit Groups/Joint
Liability Groups (Grameen Model).
Micro Finance institutions comprises of:

a) Micro Finance Organizations (MFOs).
b) Micro Finance institution-NBFCs (Non-Banking Financial
Companies).
Repayment As per respective schemes
35. Agri Clinics & Agri Business Centres (ACABC)

Purpose To support Agricultural development and to create gainful self-
employment opportunities to unemployed Agricultural Graduates,
Agricultural Diploma holders, Intermediate in Agriculture and
Biological Science Graduates with PG in Agri-related courses.
Agriclinics: Agri-Clinics are envisaged to provide expert advice and
services to farmers on various technologies including soil health,
cropping practices, plant protection, crop insurance, post-harvest
technology and clinical services for animals, feed and fodder
management, prices of various crops in the market etc. which would
enhance productivity of crops/animals and ensure increased income
to farmers.
Agribusiness Centres: Agri-Business Centres are commercial units
of agri-ventures established by trained agriculture professionals. Such
ventures may include maintenance and custom hiring of farm
equipment, sale of inputs and other services in agriculture and allied
areas.
Eligibility The borrower should be an Agriculture Graduates / Graduates in
subjects allied to agriculture like horticulture, animal husbandry, and
forestry, dairy, veterinary, poultry farming, pisciculture and other allied
activities.
Constitution – individual, joint or partnership firms, Limited companies,
Quantum  The project may be taken up by Agriculture Graduates either
individually or on joint/group basis.

 The outer ceiling for the cost of project by individualRs.20 lac.
 The project by group ( 5 individuals/above) - Rs.100 lac
 At least 10% value of the Total Financial Outlay (TFO) of the
project to be in capital form.
Margin  Up to Rs 5 lacs: Nil and above Rs 5 lacs – 15 to 25%.
 For ST/SC, Women, NE states and Hilly areas – 50% of above said
margin is bear by NABARD
Security For loan upto Rs.5,00,000/- :
a) Hypothecation of assets created out of our finance.
b) Compulsory coverage for credit Guarantee under CGFMU (Credit
Guarantee Fund for Micro Units) As per HO Cir 476/2017.
For loan above Rs.5,00,000/- and upto Rs10,00,000/- :
a) Hypothecation of assets created out of our finance.
b) Mortgage of landed property if the same is available as a part of
prime security.
c) If the developments are undertaken on the leased land and where
legislation permits mortgage of lease hold rights, mortgage of
lease hold rights may be insisted.
d) Compulsory coverage for credit Guarantee under CGFMU (Credit
Guarantee Fund for Micro Units) as per HO Cir 476/2017
For loans above Rs.10,00,000/- :
Hypothecation of assets created out of loan + Mortgage of landed
property equivalent to loan amount + Co-obligation/ Guarantor (In
deserving cases co-obligation/ guarantor may be waived by the
sanctioning authority)
& Classification
 Priority: Agriculture (Ancilliary Activity)
Other  Credit linked capital subsidy @ 36% of the Total financial Outlay of
features the project funded through bank loan would be eligible. This subsidy
would be 44 % in respect of candidates belonging to SC, ST,
Women and all categories of candidates from North-Eastern and Hill
States.
Repayment  Repayment: 5 to 10 years with a maximum 2 years grace period
Ref. Circulars Manual of Instructions on Agricultural Finance
36. ESTATE PURCHASE LOAN (EPL)

Purpose  To purchase estates growing traditional plantation crops viz.
coffee, tea, rubber and cardamom.
 To purchase Areca Garden.
 To purchase estates growing other high value crops like Cashew,

pepper, coconut and other perennial orchard crops.
 To pay stamp duty and registration expenses involved in
purchase of estate.
 Loans can also be granted for ownership of estates by
retirement of partners in case of partnership firms.
Eligibility  Good track record and have yielding estates; preferably be our
customer with satisfactory past dealings.
 The intending buyer should qualify the State Government norms of
being an agriculturist / satisfy the income criteria stipulated by
the State Government in cases where loan is considered for
purchase of areca garden.
 The estate should preferably be a neglected one.
 The purchaser to have yielding estates Non-Estate owners may
also be financed provided that it is assessed that the borrowers
can, after purchase, will be able to develop the Estate on the
desired lines (subject to State laws permitting the same)
 The total land holding including the land to be acquired should be
within the land ceiling norms of respective State, whenever loan is
considered for areca garden.
Quantum  Shall be based on the lowest of (i)Market value (ii)Guidance
value/Circle rate fixed by the State or (iii) purchase
consideration, with margin
Margin The margin shall be normally 50% on lowest of (i) purchase
consideration (ii)Market value (iii)Guidance value/Circle rate fixed
by the State. However, in deserving cases, the same may be relaxed
up to 25%.
Security  Mortgage of property to be purchased.
 Collateral security of mortgage of existing landed properties - the
value of the security should not be less than 200% of the loan
amount.
 Third party co-obligation / guarantee if required.
Nature of Facility Term Loan
& Classification
Estate Purchase Loans are non-priority loans.
Other Branches do not have powers to sanction estate purchase loans. Loan
features is to be sanctioned either at Circle Office/Head Office.
Repayment  Up to 7-9 years. No repayment holiday normally.

37. SCHEME OF FINANCING DIRECTLY TO CUSTOM SERVICE UNITS FOR
HARVESTING AND TRANSPORT OF SUGARCANE
Purpose  Financing directly to Custom Service Units managed by individuals,
institutions or organizations who maintain a fleet of tractors, Trucks,
lorries, Harvesters, Bullock Cart etc. and undertake Harvesting &
Transport of Sugarcane for farmers under tie up with Sugar Mills
Eligibility Reputed sugar factories and Custom Service Units having good credit
antecedents with satisfactory track record in repayment.
Business Model
Financing directly to individual Custom Service Units as per the list

recommended by such Sugar Mills identified through due-diligence
process.
For meeting the advance to be paid by the Custom Service Units to

the group of labourers engaged and Working capital expenses
involved in Transportation/delivery of sugarcane to the sugar factory
site
Quantum Maximum of Rs. 10 lakhs per Custom Service Units subject to
Delegation of Power.
Margin Margin of 25% to be insisted if the Custom service unit is availing
loan for the first time under tie up with Sugar Mill.
Lower margin(within the band of 15-25% ) may be permitted for
Custom Service Units availing the loan for 2nd time and above
Security Prime: Receivables from Sugar Factory
Collateral: Nil
Guarantee: Corporate Guarantee of the Sugar mill covering total
indebtedness of CSU finance.
Tri-Partite agreement between the Bank/Sugar Mill/CSU to be executed for
each loan.
Nature of Short Term
Facility & Priority: Agriculture / Ancillary
Classification
Repayment Principal: Principal shall be liquidated within 8 months from the
date of disbursement from receivables of the Mills through direct
remittance to respective Borrowers account.
Interest : The interest to be debited at half-yearly rest and shall be
cleared along with the principal amount.

38. LOANS AGAINST GOLD JEWELLERY
Purpose  To meet the expenses of Crop production.
 To meet the expenses of Land Development activities
 To meet the expenses of allied activities
Eligibility  All farmers engaged in agriculture or allied activities. The
applicant should satisfy the KYC guidelines.
 The said limit permissible irrespective of place of domicile of
agriculturists. Branch Manager has to ensure that the facilities
are granted for agricultural and allied activities to meet the
production and investment requirement.
 However, in case the loan is sought for minor irrigation,
technical parameters like spacing norms etc. have to be
adhered to.
 No Agents /intermediaries should be financed/entertained
under the scheme.
Quantum Overall maximum Gold loan limit per customer may be fixed at Rs.
20.00 Lakhs. However for crop cultivation the quantum to be
restricted to Rs.10.00 lakhs per customer.
Margin Loan to value (LTV) ratio should not exceed 75% i.e., loan shall be
maximum of 75% of the appraised value.
In case of Crop Loan Purpose, Scale of Finance or 75% of the
appraised gold value, whichever is less to be taken as loan quantum
Security Pledge of Gold Ornaments.
Nature of Single Transaction Loan
facility and Priority / Agriculture
classification
Repayment The entire loan should be cleared within a maximum period of 12
months from the date of sanction to be repaid in
monthly/quarterly/half-yearly installments or by lump sum
payment.
Others Value and lending rate per gram of jewellery will be uploaded by PC
Wing in CANNET on the last day of every month.
Cannet Quick links Gold lending Rate.
39. Overdraft facility to agriculturists against gold jewellery (GL–OD)
Purpose  Overdraft facilities on the security of Gold Jewellery can be

sanctioned to an agriculturist to meet the expenses for Crop

cultivation which include cost of seeds, fertilizers, pesticides,
harvesting, charges towards irrigation, labour, any other production
costs which directly contribute to improve the productivity of farm.
 Working Capital requirement for allied activites to agriculture
Eligibility Applicant should be an agriculturist.
The applicant should satisfy the KYC guidelines
Quantum  Loan amount shall not exceed 90% of appraised value of Gold or
Scale of Finance (Crop Cultivation Purpose)/ Assessed working
capital for allied activities, whichever is less.
 The Minimum loan amount is Rs.1.75 lakhs (Rupees One lakh
seventy five thousand only).
 The loans are to be sanctioned as per scale of finance.
 The Overall maximum Gold loan limit per customer may be
fixed at Rs. 20.00 Lakhs. However for crop cultivation the
quantum to be restricted to Rs.10.00 lakhs per customer.
Margin Scale of Finance for crop purpose
More than 2 lakhs 15 to 25 %
Security Primary - Assets created out of loan
Collateral – Gold ornaments
Nature of Running Limit
facility and Priority / Agriculture
classification
Repayment The limit is tenable for a period of 3 years subject to annual review.
40. SCHEME FOR FINANCING ‘CUSTOM HIRING CENTERS’ FOR

PURCHASE OF FARM MACHINERIES
Purpose  For financing ‘Custom Hiring Centers’ for purchase of tractor, power
tiller, trailer and accessories, combine harvester, grain threshers,
sprayers, dusters, ploughs, drills and such other farm implements
and equipments needed for agricultural activity
Eligibility  Individuals, Association of persons, Firms, Companies, Self Help
Groups, Joint Liability Groups etc. for setting up Custom Hiring
Center for hiring out farm machineries to the farmers.
 Adequate area should be available for each Custom Hiring Center
so as to ensure that the machineries are gainfully employed.
 Branches/offices have to appraise the proposals and ensure that
the project is technically feasible and economically viable.
 Finance should be given for purchase of fleet of tractors or any

other farm machineries.
Quantum Ceiling on loan/limit is fixed as a minimum of Rs. 2.00 Lakhs and
a maximum of Rs. 50.00 Lakhs per borrower
 Based on the project report submitted by the borrower & cost of
machineries proposed to be acquired.
 Branches/Offices to assess the viability of the project based on the
rental rates of farm machineries in the locality.
 The cash inflow of the borrower should match the cash out flow,
covering the repayment of the loan along with interest and a
margin of 25% for domestic requirement
Margin 15-25% of the project cost
Security
 Prime: Hypothecation of assets created out of bank finance
 Collateral: Mortgage of landed property
o Collateral security comfort should be a minimum of 100% of the
sanctioned limit.
Nature of Term Loan
facility and Priority/ Agriculture
classification
Repayment  Principal amount to be repaid in 5-9 years in half yearly/Yearly
installments depending up on the income generation.
 Interest to be charged half yearly and to be demanded along with
next principal due based on the repayment schedule.
41. Canara Consumption Loan in Natural Calamity affected areas
Purpose To provide hassle free finance to existing borrowers in Natural

calamity affected areas to meet the consumption & domestic
requirements in Rural and Semi Urban areas.
Eligibility  Loans to be extended in Natural calamity declared area
 “One consumption loan to One house hold” only.
 The loan will be sanctioned only to existing borrowers.
Quantum Maximum Loan amount of Rs 15,000/-
Margin Nil
Security Clean Loans. To be classified as unsecured advance.
Nature of Facility & Priority / Others
Classification

Other features  Other loan should not be in overdue/NPA Status/Write-off.
 Wilful defaulters are not eligible.
 Need not consider aggregation of limits.
 Should ensure adequate income to repay.
Repayment Within 36 months including one-year Repayment Holiday.
Repayable in monthly/ Quarterly/ Half-yearly/ Yearly instalments
depending on income generation
USP To provide hassle free finance to existing borrowers in Natural
calamity affected areas to meet the consumption & domestic
requirements in Rural and Semi Urban areas.
42. OD FACILITY TO POTATO COLD STORAGE UNITS

Purpose To provide financial assistance (OD limit) against Book Debts to cold storage
units and also to meet operational expenses of the unit.
Eligibility All existing cold storage units having satisfactory dealings with our
Bank
All cold storage units which are in commercial operation with
satisfactory track record.
Takeover of limits from other banks/Financial institutions can also be
considered for units which are in commercial operation for at least one year
subject to compliance of take over norms as per extant guidelines
Applicable Circles: Chandigarh, Kolkata, Karnal, Patna and Lucknow

Circles
Nature of The facility is to be extended as overdraft limit. The limit shall be
Limit and valid for 12 months
Classification Priority / Agriculture
Quantum Overall limit at Rs 6.00 crores based on storage capacity .
Drawing power is to be arrived at based on monthly statement of
advance made to farmers submitted by the borrower
Margin 25%

Security  Hypothecation of receivables i.e., advance payment made to
Potato Growers.
 Mortgage of land where cold storage unit is constructed along with
building other civil constructions, amenities etc or any other landed
property other than agricultural land.
 Total security comfort by way of mortgage of landed properties
shall not be less than 125% for limits upto Rs 100 lakhs and 150% for
units above Rs 100 lakhs.
Repayment  Interest to be debited at monthly rests and demanded on 31st Oct
every year including the interest debited for Oct month. 90 days
norms to be applied for asset classification/ IRAC from due date.
The Limit shall be valid for 12 months.
Other  Delegation of Power: As applicable to advances against book debts
43. Financing to Farmer‟s Producer Organization

Purpose  To meet the financial needs of the Farmers Producers
Organisation by way of - Term Loan or Working Capital as per
the requirement.
 To improve the income and reduce the poverty of the small and
marginal farmers and making their livelihood sustainable
through agribusiness ventures.
Eligibility 1. Economically viable, democratic and self-go v erning
Farmer Producers Organizations.
2. Members and stake holder of the FPOs are to be only
f armers and the company should be owned by them.
3. FPOs to be a registered company.
 Board of the company should be from Farmer members. In
exceptional cases they may engage professional
Directors/Nominee Directors for smooth functioning till the
farmer members are acquainted and self-sufficient to run the
company
Quantum Term Loan
 A s per the prevailing guidelines based on the purpose – 90% of
the project cost to be financed subject to compliance of other
lending norms / guidelines.
Working Capital
1. As per Scale of Finance (SoF) for cultivable area, if
working capital is extended for meeting cultivation expenses
of member farmers.

2. 50% of value of farm produce stored if finance is extended for
procurement of agricultural produce of member farmers or
finance is made against NWR as per the extant guidelines of the
Bank
3. Two months projected operative expense of the FPO, if
working capital is extended to meet storage/warehousing
expenses/ transportation expense/other routine expenses.
4. As a p p l i c a b l e t o S M E l o a n s , i f w o r k i n g c a p i t a l
i s r e q u e s t e d f o r v a l u e addition/processing.
5. Maximum loan quantum to the FPO (excluding TL for creation
of immovable assets) should not exceed 10 times of its
NOF/TNW for the working capital limit beyond Rs 3 Crores.
Margin Term Loan: 10 % of the project cost.
Working capital: 10 % of the assessed amount
Security Prime Security:
 A s s e t s created out of the finance made by Bank.
 In case of Working Capital limit wherever finance is for crop
cultivation, hypothecation of Crop of all the farmer members of
the FPO for which all the Farmer members to authorize the
Company to execute document on their behalf. The detailed /
disaggregated data of those farmers should be available at FPO.
Collateral Security:
No collateral security shall be obtained except in case of the
following.
 If the FPO creates collaterals from their operations, the same
shall be offered as collateral security to the loans availed.
 Wh e re the working capital limit exceeds Rs 3 Crores, 10
times NOF will be applicable for eligible quantum or as per
assessment, whichever is less. Wherever the FPO cannot satisfy 10
times NOF norm, collateral security by way of mortgage of land
and building to be obtained for loans over and above 10 times of
NOF.
Third Party Guarantee:

Personal Guarantee of shareholder directors, if any shall be
obtained
Nature of The limit can be extended either a single transaction limit or
facility and as a revolving limit.
classification Priority / Agriculture

Repayment  Term Loan: To be repaid within a period of maximum 5 to
7 years based on the income generation.
 Short Term Loan: Repayable within period of maximum 36
months.
 Loans sanctioned against NWR or for procurement of
produce of member farmers shall be cleared with 12 months
or on sale of the produce whichever is earlier.
 Working Capital: Running limit tenable for a period of 12
months.

4. MSME
1. CANARA MSE UNNATI

(Scheme Valid Till 30/09/2020 )
Target Group Micro & Small Enterprises ( Manufacturing & Small Enterprises)
Purpose To meet business related Needs
Nature of Facility Term Loan and /OR Working Capital (OCC/SOCC/ODBD/OD )&
Non Fund Based Limits
Eligibility Individuals , Proprietorship , Partnership Concerns, Private
Limited Company, Trusts , HUF
Not eligible - Educational institutions, Self Help Groups, Joint
Liability Groups and units engaged in Retail Trade activity
Additional  Existing Customers - Satisfactory track Record of 2 years
Eligibility Criteria  New Customers - Satisfactory OPL from Existing Bankers
 New Units - Satisfactory Market Report on Promoters
& Prospects of the Projects
 Risk Rating :Maximum up to Moderate (Scoring norm is not
applicable )
Quantum • Minimum- Above Rs.10 Lakhs , Maximum -Rs.100 Lakhs
(Subject to 80% of the Project Cost in case of Term Loan .For
purchase of Commercial Vehicles the project Cost shall be on
Road Cost which is inclusive of Registration , Insurance ,Taxes &
Other incidental charges )
Margin FB- 20%, NFB-25%
Security Prime : Assets created out of the loan AND Existing Business
Assets of the Borrower (In case of Book Debts only Book Debts
up to 90 days )
Collateral : NIL
Guarantee Cover To be covered under the Guarantee Scheme of CGTMSE
Term Loan  Term Loan – 7 years (including the maximum permissible
repayment period/ holiday period of 6 months )
Working Capital  Working Capital Tenability : 2 years subject to Annual
Limit tenability Review
Frequency for  Stock Statement : Simplified Statement- Quarterly &
Stock Statement  Detailed Stock Statement – Yearly as at March
&l Stock Inspection  Inspection : Quarterly
Reference HO CIR 618/2019

2. CANARA MSME EXPO
Target Group Exporters in Micro, Small , Medium Sectors
Purpose For purchase of Software /Hard Ware for Fashion Designing ,
Travelling abroad for business purpose, Participation in Trade
Fair, Exhibitions abroad or International Trade Fair in India
Eligibility MSME Export customers , having Credit Limits with Satisfactory
track Record of minimum past 3 Years with the branch
Additional  Credit Risk Rating – Up to Moderate Risk
Eligibility Criteria  Minimum Export Turnover – Rs.100 Lakhs
Quantum As given below
Maximum up to Rs.50 Lakhs , linked to the turn over as given below :
TURN OVER MAXIMUM LIMIT
Up to RS.200 Lakh Rs.10 Lakh
Above Rs.200 Lakhs , Up To Rs.500 Lakhs Rs.20 Lakhs
Above Rs.500 Lakhs ,Up to Rs.1000 Lakhs Rs.30 Lakhs
Above Rs.1000 Lakhs Rs.50 Lakhs
Sub Limit : Rs.25 Lakhs For participation in Trade Fairs & Exhibitions
Margin 15% to 25% of the Project Cost ( Up front OR in stages )
Security :
 For loans up to Rs.10 Lakhs : To be mandatorily covered under the Guarantee
Scheme of CGTMSE
 For loans above Rs.10 Lakhs :Either to be covered under CGTMSE guarantee OR
Primary /Collateral Security of Land & Building to the extent of minimum 100%
of the loan amount
Repayment period Maximum3 years with initial repayment holiday of 3 months
3. CANARA CARAVAN
Target Existing Transport Operators (for Goods and Passengers) having 3
Group years‟ experience
Purpose To finance new vehicles (Small , Light , Medium , Heavy Commercial
Vehicle, Passenger Vehicle )
Eligibility Individuals/Firms/Companies/Trusts/Institutions / Associations
Additional Eligibility Criteria
 Requirement to be of minimum 5 new vehicles or minimum loan amount of
Rs.25.00 Lakhs
 Transport operators to hold National /State route permit and other necessary
permits /license/approval .

 Satisfactory track record with existing banks/FIs
 To be an Income Tax Assessee (Personal & Business )
 Overall DSCR : Min 1.50 (DSCR should not fall below 1, in any of the year
during the entire repayment period )
Quantum  Minimum Rs.25.00 Lakhs &
 Maximum Rs.500.00 Lakhs
Margin Linked to the Scoring Model as per Annexure –II of HO CIR 419/2014
Items Margin % Margin %-
For Scores between 40% to 75% For Scores above 75%
For Cost of Chasis 10% 5%
For Cost of Body 45% 40%
For fully built Model 15% 10%
Insurance + Minimum 50% Minimum 50%
Registration
Security As given below
Prime : Hypothecation of Vehicles
Collateral :
 Up to Rs.100.00 Lakhs :Minimum 25% Collateral Security by way of Land &
Building OR CGTMSE Cover
 Above Rs.100.00 Lakhs : Minimum 25% Collateral Security by way of Land and
Building
Repayment Maximum 60 months (Inclusive of Holiday Period )
period
Others As given below
 Concession in ROI : (Based on Scores as per Scoring Model given in Annexure II HO
CIR 419/2014) -Scores between 50% to 75% : 0.50% ,Scores above 75% : 1.00%
 Concession in Upfront fee :0.25% concession for the score above 75% as per Scoring
Model ( Annexure II to HO CIR 419/2014)
 Take over loans not permitted under the scheme
 Borrower should hold necessary driving license or engage drivers possessing valid
license
 Letter of Authority to receive payments directly from Clients /Govt Departments
or Escrow Mechanism is to be put in place , wherever applicable
4. MSME VAHAN
Target Group MSME – (Manufacturing & Services ) Including Retail Traders
Purpose For Purchase of brand new Vehicles as business assets (Two
Wheeler /Passenger Cars /Vans/Jeeps) - Goods carriers are not
eligible to be purchased under this scheme

Nature of Facility Vehicle Loan
Eligibility Up to Moderate Risk
Quantum 90% of the “ On Road Cost” value OR Average of last 3 years Net
Profit whichever is lower .Loan above Rs.25 Lakhs shall be
permitted by the Circle Head on case to case basis up on
recommendation from the branches /SME Sulabhs
Margin 10% on “On Road Cost”
Repayment Two Wheelers : Maximum 60 EMIs
Four Wheelers : Maximum 84 EMIs
Depending on Cash Generation and repayment capacity
Security :
Prime : Hypothecation of Vehicles
Collaterals :
 Loan up to Rs.10 Lakhs – to be covered under CGTMSE mandatorily .
 Loans of above Rs.10 Lakhs –To be covered under CGTMSE at the option of
borrower OR else Collateral Security to the extent of 100% of the loan amount.
 Collateral security of existing borrowers for other facilities can be extended to
the loan
Processing  Two Wheelers – 0.25% - Min .Rs.250 and Max. Rs.1000 &
Charges  Four Wheelers – 0.25% - Min. Rs.1000 and Max Rs.5000
Reference HO CIR 296/2014 & 246/2016
5. MSE VIJETA
Target Group Women under Micro and Small Enterprises (including Retail
Traders)
Purpose To meet business needs including purchase /construction of
business premises ,machinery , equipments , Vehicles etc and
Working Capital requirements
Nature of Facility Term Loan and /OR Working Capital by way of Overdraft facility
Eligibility Individuals , Proprietorship , Partnership Concerns, Corporate
bodies (In case of Partnership Firm majority of Partners should
be Women and in case of Companies the Management should be
controlled by Women )
Additional  Existing Customers - Satisfactory track Record of 2 years
Eligibility Criteria  New Customers - Satisfactory OPL from Existing Bankers
 New Units - Satisfactory Market Report on Promoters &
Prospects of the Projects
 Risk Rating :Maximum up to Moderate
Quantum Minimum : Rs.10 Lakhs & Maximum : Rs.200 Lakhs
Margin 20%
Security

Prime :
 Hypothecation of assets created out of Bank Finance
Collateral :
 Up to Rs.1 Crore – NIL ,where the loan is covered under CGTMSE at the option
of the borrower
 All other cases EMT of property to the extent of minimum 60% of the loan .
 For traders minimum Collaterals to the extent of 60% of the loan amount to
be taken
Term loan
Repayment period TL : Maximum 84 months including suitable moratorium
/ Working Capital WC : Validity of 2 years subject to annual review
Tenability period
Stock Statement Stock Statement : Simplified Statement- Half yearly &
Submission & Detailed – Yearly
Stock Inspection / Inspection : Half Yearly
Unit Visit
Others  Processing Charges :75% of applicable charges
 Inspection charges waived
6. CANAR MSME SAHAY

(valid till 31/03/2020)
Target Group Micro, Small and Medium Enterprises (Manufacturing /Service)
(Excluding Educational Institutions ,Self Help Group , Joint
Liability Group)
Purpose To fund Input Tax Credit claims related to GST
Nature of Facility Working Capital Demand Loan ( WCDL)
Eligibility Accounts Risk Rated up to – Moderate /BB
Following conditions to be satisfied & Chartered accountant
Certificate confirming the following in seriatim to be submitted :
 Party should be in possession of Tax Invoice /Debit
Note/Such other tax paid documents
 Party has received the Goods or Services or both
 Supplier has actually paid the tax charged in respect of
the supply to the Government
 Party has furnished the return under Section 39
Quantum 20% of the existing FB Working Capital Limit
OR
80% of Input Tax Credit Claims , whichever is lower
(The above limit is over and above MPBF )
Security Hypothecation of Stock and Receivables

(Entire Working Capital Limit including the limit under ‘MSME
SAHAY’ should be within DP )
Maximum Six months from the date of availment/receipt of ITC claim
Repayment period whichever is earlier-As bullet payment /monthly installments.
Interest to be serviced on monthly basis
Others If any Adhoc facility is existing in the name of the party , it is to
be cleared before availing MSME SAHAY
This facility will be beyond the number of Adhoc facilities, a
borrower is eligible during a particular year.
7. MUDRA CANARA ATHITHI

Target Group Cafeteria ,Restaurant ,Darshini Hotels with Self service facility,
Mobile Canteens ,Dhabas ,Fast Food centres – Micro & Small
Enterprises – Services under Mudra
Purpose To provide Term Loan for purchase of equipments for setting up
business and required Working Capital
Nature of Facility Term Loan and/or Short Term Loan /Running limit by way of
OD/OCC
Eligibility As given below
 Existing customers with satisfactory track record , Prospective borrowers who
are localites with necessary experience
 Individuals , Proprietorship , Partnership
 In case of Hotels/Dhabas located at National Highways – Borrower should be
permanent resident of the locality
 Accounts rated up to Moderate Risk
Quantum  Maximum – Rs.10 Lakhs , as per Mudra Variants
 Term Loan – 85% of the total Project Cost
 Working capital – Need based limit computed based on stock
holding requirement for maximum 7 days (Consumables plus
other items )
Margin  Term Loan – 15%
 Working Capital /Short Term Loan-10%
Security Prime : Assets created out of loan and existing business Assets
Collateral- NIL
Guarantee Cover To be covered under CGFMU /CGTMSE
Term loan
Repayment period  Term Loan : Within 5 years including Moratorium period
/ Working Capital  Short Term Loan : 12 Months
tenability  Working Capital : 2 years subject to Annual Review
Stock Statement Simplified Statement – Quarterly ,

Submission/ Stock, Detailed Statement -Annually
Unit Visit Inspection – Quarterly
Others
 Up to a Term Loan of Rs.2.00 Lakhs , for purchase of equipments , Furniture ,
Utensils etc , if the premises is on rent Advance Rent /Deposit paid can be
treated as Margin
 Up front fee / Processing Charges – 50% of Normal Charges
8. CANARA GST
Target Group Micro , Small and Medium Enterprises (Manufacturing /Service )
Purpose To provide finance to GST registered borrowers
Nature of Facility Fund based Working Capital
Eligibility  Individuals , Proprietorship , Partnership Concerns, LLP,
Companies (excluding NBFC)
 Traders , Businessmen, Professional or Self Employed
Additional Eligibility Criteria
 Accounts Risk rated up to Moderate Risk
 Working Capital arrangement should be under Sole banking (MBA/Consortium
arrangement for Working Capital is not permissible )
 GST Returns of minimum 6 months should be available
 At least 75% of turnover reflected in GST Return should have been routed
through the bank account
Quantum  Minimum – Above Rs.10.00 Lakhs
 Maximum –Up to Rs.200.00 lakhs (Subject to Maximum 25%
of Annual turnover as per GST Return ,with NIL Margin)
Margin NIL
 Prime : Assets created out of Bank Finance
 Collateral : Minimum 75% of the loan amount (in respect of Low & Normal Risk)
and 100% in the case of Moderate Risk in the form (i) Mortgage of Land &
Building ( Land alone should not be accepted ) (ii ) Other Approved Collaterals
as per Master Policy on Credit Risk Management (iii)Our Bank Deposits
Tenability period
for Working As per extant guidelines
Capital Limit
Stock Statement
Submission & Half yearly (Stock Audit waived )
Stock Inspection &
Unit Visit
Others

 Current Ratio should be minimum 1
 In case of recently registered MSMEs , wherein GST Return of preceding year is
not available , Annual Turnover based on past six months (two times of past six
months turnover ) to be arrived
 Entire turnover reflected in the GST Returns should be routed through the
bank. Penal interest is applicable if the turnover passed through the account is
less than 75% of turnover as per GST return ,at the time of Renewal at the
rates applicable
 Collateral Security specification as per extant guidelines
 No ROI concessions to Women Entrepreneurs and to North East states and
State of J & K
 Processing charges : 50% of the applicable charges
Reference HO CIR 383/2019 & 428/2019
9. NEGOTIABLE WARE HOUSE RECEIPT FINANCE

(Scheme Valid till 04/02/2021)
Target Group Traders who comply with the following :
1. Satisfying MSE definition
2. Dealing in Agriculture Produce
3. Three years of satisfactory business existence
4. Filed IT Return for last three years, established with GST
Registration
Purpose To extend finance against Negotiable Warehouse receipt issued
by Accredited Warehouses ( Accreditation from Warehouse
Development & Regulatory Authority –WDRA)
Nature of Facility Short Term Loan (Single Transaction Limit )
Eligibility  Existing units with satisfactory dealings for one year with
our / other banks
 Risk Rating – Up to Moderate /BB
Acceptable Ware As specified here below
House receipts
 Covering Paid stock of specified Agro products
 In Physical or Demat form
 Should have Quality certification regarding quality of the Goods( Warehouse
receipt with Grade Certificate of Substandard quality is not acceptable )
 Ware House receipt issued in the name of the Owner / Family members of the
Owner /in the name of Employees of Ware House are not acceptable
Quantum
 Minimum above Rs.10 Lakhs
 Maximum Rs.500 Lakhs per party ,subject to 75% of the value assessed
 Value to be assessed at the Minimum Support Price OR Current Market Price OR

Value as per Negotiable Ware House Receipt whichever is the least
Margin 25% to 40% (based on the commodity )
Security Prime :Lien on Stocks against Ware House Receipt
Collateral : Up to Rs.25 Lakhs – No Collaterals
Beyond Rs.25 Lakhs & Up to Rs.50 Lakhs – Third party Guarantee
apart from Personal Guaratee
Term loan One month less than shelf life declared in Ware House Receipt
Repayment period subject to a maximum 12 months
Others Sanctioning authority for BB / moderate risk rated accounts
Circle Head- CAC only
10. STANDBY CREDIT FOR CAPITAL EXPENDITURE OF

SMALL & MEDIUM ENTERPRISES
Purpose As given here below
1. To meet unforeseen / contingent requirement for acquiring fixed assets like
generator set, balancing equipments
2. Replacement of existing machinery items, tools, moulds, jigs etc,
3. To maintain Production and / or to Acquire necessary equipments / machinery
for modernization of the unit.
Eligibility Existing SME borrowers of having satisfactory dealings with ASCC
– S1 or S 2 classification
Quantum Up to 25% of the original value of the existing Plant and
Machinery subject to maximum of Rs.25 lac, at the time of each
renewal of working capital limits
Margin 15% to 25% of the Cost of the fixed asset proposed to be acquired
Security  Assets created out of the loan.
 Securities available for the existing limits to be extended for
the loan
Guarantee Cover Wherever eligible, loans shall be covered under CGMSE
Term loan
Repayment period 36 to 60 months , in monthly /Quarterly Installments
Others  Validity of the sanction shall be till the tenability of limit
 Minimum disbursement – Rs.25000.00
Reference HO CIR 45/2003 & 25/2006 , Hand book on SME up dated till 2008
11. STANDBY TERM LOAN SCHEME FOR APPAREL

EXPORTERS IN SMALL AND MEDIUM SECTOR
Target Group Existing customers in Small and Medium sectors engaged in

Apparel Exports.
Purpose As given here below
 Addition or replacement of existing machinery,
 Up gradation of existing machinery ,
 Purchase of Software/Hardware for Fashion Designing,
 Repairs / renovation of industrial sheds / factory building ,
 Travelling abroad for business purposes, Participation in trade fairs, exhibitions
abroad or international fairs in India or any other sales promotional activities,
 Replacing tools, jigs, fixtures etc
Eligibility As given here below :
i. Export customers having regular credit limits and having satisfactory track record
with the Bank for at least past three years for Apparel Exports, and
a. In respect of risk rated accounts, accounts with Credit Risk Rating up to Low
Risk 3 and which are categorized as ASCC S1 or S2.
b. Accounts which are not risk rated, such accounts are to be categorized under
ASCC S1 or S2.
c. Accounts which are not subjected to ASCC norms should be classified as
Standard Assets for past 3 years continuously
ii. Minimum export turnover of Rs.100 lacs during the immediate preceding year.
Additional As given here below :
Eligibility Criteria
Quantum
Export Turnover of the unit during Maximum ceiling on sanction of Standby
the immediate preceding year Term Loan Limit
Rs.100 lacs up to Rs.300 lacs Rs.25 lakhs
Rs 300 lacs up to Rs.500 lacs Rs.50 Lakhs
Rs 500 lacs up to Rs.1000 lacs Rs.75 Lakhs
Above Rs.1000 lacs Up to Rs.100 Lakhs
For the purpose of Business Promotion Tours and participating in Trade Fairs, a
maximum cap of Rs.5 lacs to be fixed per tour / participation in fair
Margin 15% to 25% of the Cost of the project cost/fixed asset proposed
to be acquired
Security As given here below
Prime Security :
 Assets created out of loan shall be held as prime security for the loan.
Collateral Security / Third Party Guarantee :
a. Securities held for working capital limits and existing term loans to be
extended for the subject loan
b. In case these securities are not sufficient to cover the proposed term loans
under the scheme / Wherever the activity does not generate any tangible
assets, additional securities equivalent to such loan amount to be obtained.

c. Suitable Third Party Guarantee (TPG) having sufficient net worth to be
obtained.
Guarantee Cover Wherever eligible, loans shall be covered under CGTMSE
Maximum 36 to 60 months , with a holiday of maximum 6 months repayable
Repayment period in monthly /Quarterly Installments
Others  Exporters availing facilities under this scheme will not be
eligible to avail facilities under our existing 'Standby
Credit scheme for Capital Expenditure of SMEs'
 LC facility for import of machinery may be considered in
case the borrower needs the same.
Reference Hand book on SME up dated till 2008
12. LOAN SCHEME FOR REIMBURSEMENT OF INVESTMENT

MADE IN FIXED ASSETS BY SMALL & MEDIUM
ENTERPRISES (SMES)
Purpose To reimburse the Capital expenses incurred towards
creation/acquisition of fixed assets (other than land and
building) during the immediately preceding 6 months
Eligibility
i. Existing clients with good track record for at least a period of preceding three
years.
a. Accounts where Risk Rating is applicable : Up to Low Risk 3 and categorized as
ASCC S1 or S2.
b. Accounts where Risk Rating is not applicable :Categorized under ASCC S1 or S2.
c. Accounts which are not subjected to ASCC norms : should be classified as
Standard Assets for past 3 years continuously
Quantum Up to Rs.50 lacs for new machinery and
Maximum of Rs.15 lacs for second hand machinery which is not
more than 2 years old from the original date of purchase.
Margin 25% of the investment made in respect of purchase of new
machine /50% for second hand machinery
Security /Personal Guarantee : As given here below
i. Primary :
 Fixed Assets created/acquired under the term loan.
ii. Collateral :
 Securities held for working capital limits and / or existing term loans, if any, to
be held as collateral to loan/s sanctioned under this scheme.
 Additional collateral security including immovable property to be obtained
wherever necessary taking into account the quantum of loan/s sanctioned and
/ or aggregate credit limits enjoyed by the party.

iii. Personal guarantee :
 Personal guarantee of suitable third party acceptable to Bank to be insisted
wherever necessary.
Guarantee Cover Eligible accounts to be covered under CGTMSE
Maximum 5- 7 years - In monthly / quarterly / half yearly installments. In
Repayment period deserving cases, repayment holiday up to a maximum of 3
for Term Loan months
Others:
 For arriving at the quantum of finance, written down value as declared in the
financial statements (audited or un-audited as the case may be) or market
price, whichever is less is to be reckoned.
 Following documents not older than 6 months are to be obtained to ascertain
the proof of investment made in fixed assets :
 Certificate from Charted Accountant as to the amount spent towards
creation / acquisition of fixed assets.
 Original bills / invoices of the manufacturer & supplier / dealer.
 Agreement of sale, if any, entered into by the unit with the vendor of
the equipments in case of purchase of second hand equipments.
 Advance payment issued by the vendor to the purchaser, if any in
regard to the purchase of new / second hand equipments.
 Stamped receipt from the vendor for having received the purchase
consideration in respect of second hand items.
13. LOAN SCHEME FOR EXTENDING QUASI EQUITY (RISK

CAPITAL) ASSISTANCE TO MICRO , SMALL & MEDIUM
ENTERPRISES
Target Group Micro, Small & Medium Enterprises
Purpose 1. Quasi Equity Capital assistance
2. To bridge the gap
 in means of finance between in means of finance for
expansion, Modernization & scaling up
 Term Loan and available promoter‟s contribution
 For any bonafide purpose like Working Capital margin ,
Intangible expenses
Eligibility As given below
a. MSMEs who are enjoying credit limit with us :
1. Minimum 3 years profitable track record
2. Satisfactory preceding banking track record of minimum 2 years
3. Risk Rating up to Normal Risk/ BB

b. MSMEs who are not enjoying credit limit with us
1. Promoters should have minimum experience in the line of activity
/concern should have been in the line of activity for minimum 3 years
2. Satisfactory OPL from the existing bankers
3. Satisfactory Market Report
Quantum Minimum : Rs.25 lakhs , Maximum :Rs.1000.00 Lakhs
Subject to Sub debt assistance not exceeding 1/3rd of the Post –
Project Tangible Net worth of the Enterprise at the time of
sanction
Security
1. In case of units enjoying limits with us:
 Continuing of security of hypothecation of moveable assets and mortgage of
immovable assets in case of sole banking &Creation of II charge on Current
Assets and Fixed assets in case of Consortium/MBA accounts
2. In case of new units :
 Hypothecation of movable assets / mortgage of immovable assets
/Collateral Security as per prevailing guidelines /Creation of II charge on
Current assets and Collateral Securities in the case of Consortium /Multiple
Banking Arrangement
Guarantee Cover All eligible accounts to be covered under CGTMSE
Maximum 7 years including moratorium period. Maximum moratorium for
Repayment period Principal installments– 3 years , interest monthly . Repayment in
Monthly /Quarterly installments
14. LAGHU UDYAMI CREDIT CARD SCHEME

Purpose To meet the working capital requirement of artisans, village
industries, micro and small enterprises including tiny units.
Eligibility
All existing small borrowers of above category enjoying aggregate loan and/or
operative limits of Rs.10 lakhs are eligible.
Borrowers should have satisfactory dealings with us for the last 3 years.
Borrowers with continuous satisfactory past dealings for a minimum period of 3 years
but not having any liability can also be issued the card.
Quantum Maximum up to Rs.10 lakhs per borrower (aggregate).
Margin For limits upto Rs.25,000/- : Nil
For limits above Rs.25,000/- : 25%
Security Prime : Assets created out of the finance are to be hypothecated
to the Bank.
Collateral :Nil
Nature of Facility Working Capital Limit

Other Features
 Card validity: 3 years with annual review.
 Total aggregate limit including proposed card limit should not exceed Rs.10 lakhs.
 Insurance up to Rs.50000 waived.
 Cheque book marked LUCC.
 Laminated LUCC cards will be issued
 Monthly stock statements uptoRs.2 lakhs- NIL. Above Rs. 2 lakhs, simplified monthly
stock statements and detailed stock statements annually.
 To be operated regularly in the form of Working Capital Limit
Ref. Circulars 46/2002, 144/2004, 104/2006, 213/2010
15. BE-MSME
Purpose To discount/purchase of bills of exchange only pre-accepted bills
or bills drawn under LCs) drawn by MSME units (Manufacturing)
on reputed Joint Stock Companies/Public Sector Undertakings
representing genuine trade transactions.
Eligibility 1. The Drawer of the bill under the scheme should be an MSME
(Manufacturing) unit whose borrowal accounts are classified
under Standard Asset.
2. The drawee of the bill under the scheme should be reputed
Joint Stock Company and Public Sector Undertaking.
3. BEs drawn against Inland LCs of Public Sector Banks, Private
Banks (excluding co-operative Banks) and Foreign Banks
(Prime Banks) operating in India are also eligible for discount,
subject to permission from appropriate authorities
Quantum Need Based.
Margin 5% to 10%. Waiver of Margin may be permitted on case to case
basis depending on merits at the discretion of sanctioning
authority.
Security
For loans uptoRs.10 lakhs :
Prime : First charge on receivables (other than those earmarked for advance against
book debts)
Collateral: Nil, eligible accounts to be covered under CGTMSE
For loans above Rs.10 Lakhs to MSE Units and to all Medium Enterprises:
First charge on Fixed assets/inventory or any other assets acceptable, to Bank having
sufficient market value to cover the limit permitted, as stipulated by the sanctioning
authority.
Nature of Facility Bills Purchased Head.
& Classification

Repayment As per the terms of Sanction
Others
Where Private Sector banks and Foreign Banks (Non-Prime Banks) are involved, prior
permission from RM Wing, HO is to be obtained for expsoure limit as per prevailing
guidelines.
MSME (Manufacturing) Units coming into our fold (takeover accounts) are also eligible
to be financed under the scheme, subject to such units safisfying the prevailing take-
over norms.
The bill-discounting limit under the scheme is to be permitted as a separate Sub-limit
within the overall bills discounting limit subject to satisfying the norms
Ref. Circulars 146/2003,77/2016
16. CANARA MSME CAP

Target Group Micro , Small & Medium Enterprises (Manufacturing/ Services )-
Excluding Educational Institutions ,Self Help Group , Joint
Liability Group
Purpose To provide Credit for business requirement to MSME Borrowers
,by way of Fund based and Non fund based exposures against
Security of Land and Building
Nature of Facility A. Working Capital ( Secured OD )
B. Term Loan
Eligibility Individuals , Proprietorship , Partnership Concerns, Company
(Excluding NBFCs ) – For Traders , Businessmen , Professional or
Self Employed
Additional  Accounts Risk rated up to Moderate Risk
Eligibility Criteria  Only against mortgage of Land and Building
Quantum Minimum : Above Rs.10 Lakhs
Maximum : 1. Manufacturing Units : Rs.10 Crores
2. Service Units : Rs.5 Crores
Margin 20%
Security
1. Assets created out of the Loan / OD
2. Mortgage of immovable properties in the form of Primary , Collateral or
Primary and Collateral in the name of Unit , Promoter/s of Unit or Close
relatives of the Promoter/s ,put together having value at least –
 100% of the loan amount for Manufacturing Unit & 125% for Service sector
units in respect of Urban & Metro Properties ,
 125% of the loan amount for Manufacturing Unit & 150% for Service sector
units in respect of Semi –Urban Properties ,
 150% for Service and Manufacturing units in Select Rural areas,
subject to compliance of the specific guidelines with regard to acceptability of

property under the scheme
Guarantee Cover NIL
Term Loan Term Loan : Up to 7 years with a Maximum of 10 years including
repayment period/ Moratorium
Working Capital Working Capital : One Year
Limit tenability
Stock Statement
Submission & Quarterly
Stock & Security
Inspection
Others :
 Upfront Fee /Processing Charges – 50% of applicable charges
 Stock Audit Waived up to Rs.5 Crores in respect of Low & Normal Risk accounts
Reference HO CIR 30/2019 ,558/2017
17. CANARA VYAAPAR

Target Group For working capital in the form of secured OD and term loan
Purpose Traders ( Retail & Whole sale ), business enterprises,
commission agents, services sector, professionals and self
employed.
Nature of Facility Term Loan /Working Capital ( Fund Based & Non Fund based )
Eligibility Existing and New clients whose track record is good
Quantum Minimum : Above Rs.10 Lakhs Maximum limit: Rs.10 crores (fund
based or non fund based or both)
Margin
 Working Capital limit up to Rs.100 Lakhs- 10%
 Working Capital limit above Rs.100 Lakhs- 20%
 Non – Fund Based limit – 25%
 Term Loan – 25% ,Term Loan for Construction- 30%
Security
1. Hypothecation: Stocks and/or book debts (not more than 90 days)
acceptable to the bank adequate to cover the Working Capital limit fully (
except for Commission Agents )
2. Mortgage of immovable property and /or Other approved securities whose
value is not less than:
 133% of the total limit
 150% of the limit in case of commission agents.
Immovable property in the name of the borrowing unit, proprietor, partner (s),
and director(s) of the private limited company, or their family members as defined
in the scheme are acceptable.
Personal guarantee of partners, promoter directors and owner of the immovable

property.
Working Capital
Tenability /Term Working Capital : Tenable for One Year
loan Repayment Term Loan – Repayment period up to 7 years with a maximum of
period 10 years including moratorium
Stock Statement  Simplified Stock Statement : Quarterly (No DP to be
Submission & computed)
Stock Inspection  Inspection : Quarterly
/ Unit Visit
Others
 Party to confine their entire dealings with our bank.
 Valuation/ Revaluation / Enhancement of limit / accepting same Mortgage
property as security for other limit & vice versa, all other specific guidelines
with regard to the mortgage property etc as per the scheme guidelines.
 Adhoc limit as per the specific guidelines
 Income & Expenditure statement to be obtained quarterly in respect of
commission agents
Reference 357/2005,307/2006,365/2009,39/2011,102/2011,332/2013,558/2017
18. CANARA UDYOG

Target Group Micro , Small & Medium Enterprises-(Manufacturing )
Purpose To provide hassle free Working Capital
Nature of Facility Fund based Working Capital ( OD – MSME )
Suitable Sub- Limits for ILC and/or BG limit may be fixed
Eligibility
 Existing Customers with Satisfactory track Record of 2 years whose borrowal
account is of ASCC Code S-1 OR S-2 for loans up to Rs.2.00 Lakhs and Up to
Moderate Risk for loans above Rs.2 Lakhs
 New clients/ Units with Satisfactory Market Report on Promoters & Prospects of
the Projects
 Clients to confine their dealings with our bank
Quantum  Minimum : Above Rs.10 Lakhs
 Maximum : Up to Rs.10 Crores
Margin  Working Capital – 20%
 Term Loan – 25%
 Non- Fund based limit – 25%
Security
 Prime :Stock & Book Debts
 Prime / Collateral / (Prime + Collateral) : Mortgage of immovable property by
way of Land & Building of minimum value , 125% of the loan amount in the
name of the Borrowing Unit or in the name of Proprietor/ Partners /Directors

or their close relatives subject to their Personal Guarantee – Property
complying with the specific norms as per the scheme only are eligible
Guarantee Cover For Limits above Rs.10 Lakhs up to Rs.100 Lakhs –Collateral free
advances may be considered under CGTMSE
Working Capital  Working Capital : Tenable for one year
tenability period  Term Loan : Repayment period up to 7 years with
/Term Loan maximum of 10 years including moratorium
repayment period
Stock Statement
Submission & Quarterly
Inspection
Others
 Existing OCC/SOCC/LUCC & Overdraft may be considered under the scheme at
the time of renewal
 Takeover of accounts can be considered under the scheme
 Vacant sites approved by BDA/HUDA& Other Govt Agencies with no
superstructure may also be taken as Security
 Existing security of Property/ies mortgaged towards other Credit facilities can
be accepted as security and vice versa , provided the residual value is 125% of
OD- MSME
Reference HO CIR 215/2012 , 558/2017
19. DOCTOR‟S CHOICE

Target Group Registered Medical Practioners practising Indian , Unani ,
Homeopathic, Allopathic
Purpose
 For setting up of Clinic , Poly Clinic , Nursing Homes , Hospital , X- ray labs,
Pathology Labs , Physiotherapy Centres
 Purchase of Medical & Other equipments for carrying on the business
 Expansion/Renovation /Modernisation of existing business premises
 Purchase of Vehicles ,ambulance, Computers ,Accessories and other essential
equipment
 Expenses towards business trips
 In- house medical store managed by a qualified pharmacist
 Quarters for Resident doctors
 Working Capital needs
Nature of Facility Term loan , Composite Loan ( Term loan and Working Capital
component ), Short Term Loan ,Working Capital (Cash Credit ,
Overdraft , Overdraft against Book Debts )
Eligibility
 All qualified registered medical practitioners in any branch of Medical science

having practical experience of carrying on the business.
 Individuals /Proprietorship /Partnership /Companies /Trust -subject to 50% of
the Partners in Partnership firm / 50% Promoters & Directors in companies /
one of the trustees in Trust should be Registered Medical Practitioner/s
 Accounts Risk rated up to Moderate Risk
Quantum Maximum Rs.500.00 Lakhs
 Sub limit for Working Capital :20% of the maximum limit
subject to a ceiling of Rs.50 Lakhs
Margin As given below
Up to Rs.25000/- Nil
Above Rs.25000/=
 For Term Loan for construction of business premises including resident doctor‟s
quarters – 25% ,Term Loan equipments – 20%
 Working Capital – 20%
Prime :
 Assets created out of the loan /Stock for Working Capital
Collateral :
 For loans up to Rs.100 Lakhs – NIL - to be covered under guarantee cover of
CGTMSE available to Micro and Small Enterprises.
 For loans above 10 Lakhs up to Rs.100 Lakhs for which CGTMSE cover is not
available and for all loans of above Rs.100 lakhs - Mortgage of Immovable
property and/or approved security (Prime /Collaterals )of value not less than
50% of the total limit to be obtained subject to that the total security coverage
including the Prime Security shall not be less than 100% of the loan amount
Term loan  Term loan – Maximum 5-7 years in monthly installment
Repayment period (including initial moratorium of 3 to 6 months , up to 12
/ Working Capital months in case of construction.
tenability period  Short Term Loan – 24 to 35 months
 Working Capital – Maximum 2 years
Frequency for Simplified Stock Statement quarterly .Detailed Annual
Stock Statement Simplified Book Debt statement – Quarterly
& Stock Inspection
Others
 Upfront Fee : Up To Rs.5 Lakhs : Nil & above Rs.5 Lakhs – 75% of Normal Charges
 Processing Charges – Up to Rs.5 Lakhs – Nil & above Rs.5 Lakhs – As per extant
guidelines

20. CANARA CONTRACTOR
Target Group Contractors (Civil , Mining ,Construction Contractors, Electrical,
Mechanical ) & Sub- Contractors under MSME Segment
Purpose Catering to the Working Capital and Term Loan requirements
Nature of Facility  Working Capital – Fund Based (Secured OD ) &
 Non- Fund Based Limit (FLC/ILC/BG )
 Term Loan
Eligibility
 Existing Customers with Satisfactory track Record of 2 years whose borrowal
account is ASCC Code S-1 OR S-2 for loans up to Rs.2.00 Lakhs and Up to
Moderate Risk for loans above Rs.2 Lakhs
 New Customers with Satisfactory OPL from Existing Bankers ,
 New Units with Satisfactory Market Report on Promoters & Prospects of the
Projects
 Clients to confine their dealings with our bank
Quantum
 Minimum - Above Rs.10 Lakhs
 Maximum –Up to Rs.1000.00 Lakhs / Term Loan Maximum Rs.500.00 Lakhs
Need based limit , subject to 9 times Tangible Net Worth
Margin  Working Capital – NIL ( No stock statement /DP Computation
 Term Loan/NFB – 25%
Security
Prime :
 For Secured OD – NIL , For Term Loan – Assets created out of Bank Finance
Collateral :
 Mortgage of immovable property by way of Land & Building in Semi- Urban /Urban
/Metro centres of minimum value , 125% of the loan amount in the name of the
Borrowing Unit or in the name of Proprietor/ Partners /Directors or their close
relatives subject to their Personal Guarantee – Property to comply with the
specifications as per the scheme OR
 100% Collateral by way of Approved Financial Securities/ Bank Deposit etc
Working Capital 1. Working Capital – 2 Years
Tenability period 2. Term Loan – For Construction /Construction & purchase of
/Term Loan equipments – 7 years including Holiday & Other than
Repayment period Construction- 5 years including Holiday
Stock Statement Stock Statement – NA
Submission & Inspection /PIPR – Half yearly
Inspection /PIPR
Others
 For loans above Rs.2 Crores –Valuation report from two independent valuers to
be taken & lower of the two values to be taken
 Processing Charges – 25% concession in applicable charges

 Concession in ROI can be considered as per the Scoring Matrix for the scheme
 Vacant sites approved by BDA/HUDA& Other Govt Agencies with no
superstructure may also be taken as Security )
Reference HO CIR 372/2014 , 558/2017
21. CANARA SMART PROFESSIONAL

Target Group MSE Professionals like Architects , Engineers , Chartered
Accountants , Cost Accountant and Company Secretary
Purpose To provide Credit to for purchase & Construction office premises,
Acquisition of Machineries /Equipments /Furniture /Fixtures ,
Expansion & Modernisation of existing unit and need based
Working Capital
Nature of Facility Composite Loan – Term Loan and Working Capital (in the form of
Secured OD )
Eligibility Age 18- 60 years
Quantum Up to Rs.200 Lakhs for Urban & Metro Centres
Up to Rs.50 Lakhs for Other Centres , subject to the following :
 For furnishing of Office Premises/Equipment purchase :Maximum 20% of the
eligible amount subject to a maximum of Rs.20 Lakhs , either the project is
involving only furnishing or Construction and furnishing .Loan component for
construction activity should not exceed 80% of the eligible loan component. Loan
for furnishing leased premises is not permissible
 Term Loan Component :(75% of the total Project Cost) OR (5 times of Net
Annual Income for loans up to Rs.10 Lakhs / 10 times of Net Annual Income for
loans above Rs.10 Lakhs, as per the latest IT Return ) whichever is less
 Working Capital Limit : 10% of previous year’s receipts/Expected receipts,
subject to maximum Rs.5.00 Lakhs .Working Capital alone not to be permitted
Margin Term Loan – 25%
Working Capital- Nil
Security
Prime : Assets created out of the loan and existing business assets (Hypothecation of
moveable assets and /or Mortgage of immoveable property .
No Collateral security if realizable value of immovable properties mortgaged as Prime
Security is more than 100% OR else minimum 50% Collateral Security in the form of
mortgage of immovable property /Approved financial Collaterals to be obtained.
Guarantee Cover All eligible loans to be covered under CGTMSE
Working Capital
Tenability period Working Capital : 1 year
/Term Loan Term Loan : Up to 10 years including Moratorium
Repayment period
Others Processing charges : Only 50% of the applicable charges

22. CANARA SAHYOG

(Valid till 06/12/2020 )
Target Group Micro , Small & Medium Enterprises (Manufacturing/ Services )
including Food and Agro Processing Unit - Excluding Educational
Institutions ,Self Help Group , Joint Liability Group
Purpose To meet the temporary liquidity mismatch arising out of delayed
realization of receivables , Receipts of GST Inputs Tax Credit (
including for Exports ) and other Business requirements
Nature of Facility Fund Based -Working Capital Demand Loan (WCDL)
Eligibility Existing units having Limits up to Rs.5 Crores only are eligible,
which are Standard Asset (SMA -0 & SMA-1 are eligible ),
irrespective of Risk Rating
Quantum 25% of the existing Working Capital Limit ( FBWC + NFBWC )
maximum up to Rs.1.25 Crores .This is over & above MPBF
Margin NIL
Security  Hypothecation of Stock and Receivables
 Extension of charge on existing Primary & Collateral Security
/ies
Guarantee Cover CGTMSE cover to be examined
Maximum 12 months, from the date of Sanction or Disbursement whichever
Repayment period is earlier ( Interest –monthly )
Others
 Cannot be granted if any Adhoc facility /facility granted under MSME Sahay is
outstanding .No further Adhoc to be permitted during tenability of CANARA
SAHYOG
 GST portion to be excluded for Calculation of DP for Other facilities .Input
Credit GST shall be reckoned for calculating DP for this facility
 No ROI concessions under any Category
 Processing Charges – NIL
Reference HO CIR 616/2019 ,636/2019
23. MSME CAN BEML

Target Group Earth moving Contractors , Railway , Road and Canal Work
contractors etc and Business units ( other than Trust ) for
manufacturing and Service activities
Purpose To purchase specified Earth moving ,Construction and mining
operation equipments from BEML

Additional Credit Risk Rating – Upto Moderate Risk
Eligibility Criteria
Quantum Minimum - Rs.20 Lakhs , Maximum – Rs.300 Lakhs
Margin  Loans up to Rs.100 Lakhs – 15% ,
 Loans above Rs.100 Lakhs – 20%
 85% or 80% on road price of the equipment /vehicle
Security
For new Customers :
Rs.20 Lakhs and up to Rs.200 Lakhs :
 Hypothecation of Assets created out of bank finance
 Loans to be covered under CGTMSE
For loans not covered under CGTMSE :
 Prime :Hypothecation of Assets created out of bank finance
 Collateral : Minimum 75% of the loan amount in the form of mortgage of
immovable property / Other approved securities shall be obtained
For existing Customers : As per the Sanctioning Authority‟s decision
Maximum Maximum Repayment period of 5 to 7 years in EMI
Repayment period (Units in leased premises –Within the un-expired lease period )
for Term Loan
Others :
 GSTIN compulsory for turnover of above Rs.40 Lakhs.
 ABS compulsory for limits of above Rs.25 Lakhs and for limits less than Rs.25
Lakhs if the turn over of the unit is Rs.100 lakhs or more.
 Branches having more than 2% of NPA under the scheme has no powers to
sanction further loans .
 Details of machineries & vehicles hypothecated to be submitted – Half yearly &
yearly respectively.
 Term loan proposal to comply with various financial bench mark stipulated as
per the scheme.
Reference ( HO CIR yet to come )
 Regarding Assessment of limits/ Rate of Interest , Delegation of Powers ,

Processing & Other Charges , CGTMSE etc prevailing guidelines to be followed
 Product Number 16- 21 – are with added / modified features & Product 22 is a
new product. Detailed guidelines are yet to come.
 The products covered under this chapter are exclusive MSME products which
are not specifically covered under the Manual of Instructions and MSME
Products under Govt Schemes /Govt Sponsored schemes

24. CANARA CREDIT SUPPORT to COVID-19 Affected Customers
(CCS)
Purpose & To meet liquidity mismatches arising out of COVID-19 Outbreak
Target Group 1.Micro Small and Medium Enterprises (manufacturing/Services)
2. Corporates/Business entities/Service Units
3. Food& Agro Processing Units and Poultry Units
Enjoying Credit facilities with our Bank.
Eligibility All standard accounts which have not been classified as SMA 1
or 2 as on 24.03.2020
Nature of Single Transaction Loan i.e WCDL (Working Capital Demand
Facility Loan) as fund based limit
Quantum Over & above MPBF
MSME Units & Existing Units with Limits up to Rs.5 Crore
Food& Agro (FBWC+NFBWC):
Processing 35% of the limit or maximum of Rs.1.50
Units Crore whichever is less.
(Units already availed adhoc/MSME
Sahay/MSME Sahyog may avail differential
amount upto maximum of 35% of the
existing limits (FBWC+NFBWC).
MSME, 1.MSMEs - Existing Units with Limits above
Corporates/ Rs.5 Crore (FBWC)
Business 2.Corporates (Other than MSMEs)
entities/Service 3.Food & Agro Processing Units and
Units /& Poultry Units
Food& Agro Limit: Max. 10% of the existing Fund
Processing Based Working Capital Limits (FBWC) OR
Units Rs 150 cr whichever is lower
and Poultry a. Disbursal: The borrower can avail the
Units sanctioned amount in one go
b. The facility shall be made available as
Fund Based Limits only.
Existing customers who have already
availed adhoc/ /MSME Sahay/are also
eligible for the Facility however total
additional exposure including additional
Facility should not exceed 25%
of the existing FBWC limits.
(In Case of Exporters the subject facility is
exclusive of Stand By Line of Credit
facility sanctioned/being enjoyed under

the existing norms)
ROI RLLR (Irrespective of Risk Grade/Security Comfort) for MSME
RLLR/MCLR for other than MSMEs (as applicable)
Repayment Within a maximum period of 24 months from the date of
availment including maximum six months holiday period, to be
repaid in monthly/Quarterly instalments.
Interest to be serviced as and when due.
Security Extension of existing Primary and or Collateral Security and
Personal & Corporate Guarantee
Margin NIL for CCSCL
Existing limits: As per existing sanction terms.
The proposed facility (CCS) should be covered by the value of
the stocks and receivables as per stock statement.
The balance value of stocks and receivables after providing for
the existing limits with stipulated Margin can be utilized for the
CCS.
The cover period of the receivables for the said facility (CCS)
can be extended by maximum three months till the closure of
the facility.
(eg: Cover period for existing limits- 120 days, then the cover
period for CCS can be maximum 120+90= 210 days ie receivables
upto 210 days can be taken for the DP calculation of CCS.
Scheme Code Product Code :753 for MSME, 754 for Corporate, Agro & Food
processing and Poultry Units Scheme Code (MSME): 97500-MSME-
CCSCL
Scheme Code (Corporate): 97800-CORPORATE-CCSCL
Scheme Code (Food & Agro Proc. Unit: 97600-FOOD & AGRO
PROC UNIT-CCSCL
Scheme Code (Poultry Units): 97700-POULTRY UNITS-CCSCL
Consortium a. Only our share of credit facility to be reckoned for the
/MBA purpose of the subject scheme.
b. Limits can be released on individual documentation.
However Information to be shared with Member Banks in
case of Consortium/MBA.
c. In case of Consortium Accounts, the requirement of
additional credit facilities to be discussed so as to have
proper exchange of information / risk sharing.
d. In case of MBA Accounts, proper exchange of information to
take place particularly where common securities are involved.
Other a) The facilities shall be made available at the specific request
Guidelines of the borrower, stating that the business has been adversely
affected by COVID 19.
b) Sanctioning Authority to record proper justification for

permitting the facility.
c) The Existing Limit should be in Force.
d) The Facility will be considered as exposure on the borrower
and guidelines stipulated under the RBI Prudential Norms
shall be adhered to.
e) IRAC norms as stipulated to Demand Loan shall be applicable.
f) KYC, Due Diligence, Appraisal/processing, AML, ECGC SAL,
Credit Risk Rating, Classification, Review of sanction,
Documentation, charge against security, Insurance, Inspection,
disbursement, post monitoring, other guidelines as per extant
guidelines.
g. Scheme Valid Till 30.06.2020

5. GOVERNMENT SPONSORED SCHEMES
1. PRIME MINISTER‟S EMPLOYMENT GENERATION

PROGRAMME(PMEGP)
Purpose  Generate employment opportunities in rural and urban areas
Credit facility  Composite TL+ Cash Credit
Nodal Agency  KVIC, KVIB and DICs and Banks
Eligibility:  Only for new projects,

 Individual, SHGs, Institutions registered under Societies registration
Target groups: Act, Production Co-op Societies, Charitable Trusts
 New viable micro enterprises, Village industries (except activities
mentioned in the negative list of village industries)
(Cir 298/2015)
 Age: above 18 yrs
 Educational Qualifications: VIII pass for project cost above
Rs. 10 lakhs (manufacturing), Rs.5 lakhs (Service)
 Business/Trading activities in the form of sales outlets may be
permitted in North East regions (NER), Left Wing Extremist (LWE)
affected districts and Andaman & Nicobar Islands. Project cost in
such cases should not exceed Rs.10 Lacs. (298/15)
 Retail outlets backed by Manufacturing (including processing)
/Service facilities may be permitted (across the country)
 Only one person from family. No income criteria.
 In credit scoring sheet the applicant/prospective borrower should
get a minimum score of 50 out of 100 for loan amount upto Rs.10
Lakhs and 60 out of 100 for loan amount above Rs.10 Lakhs.
Irrespective of the score obtained in the scoring sheet, the
applicant should obtain a minimum CIR score above 650 (Normal
Risk) to be eligible for the loan. (219/2017)
Social Target  SC -15 %, ST -7.5 %, Women – 30%, Minor Community- 5 %
Ineligibility  Existing/old units

 existing units under PMRY, & other Govt. Sponsored Scheme,
activities indicated in the negative list of village industries
 Projects without capital expenditure.
Project cost  Capital Expenditure + one cycle of Working Capital
 Cost of land not included in PC

Max. Project cost  Manufacturing: Rs. 25 lakhs
 Business/service sector: Rs.10 lakhs
Margin  General Category: 10%; Special Category: 05%
Subsidy (of  Rural Area: Gen 25 %, Special category 35 %

project cost)  Urban Area: Gen 15 %, Special category 25 %
Regional Office is the nodal point for monitoring and administering
the subsidy received from Govt Departments/Agencies.
Interest  As per HO Circular (To be charged on loan component net of

interest subsidy available)
Repayment 3-7 yrs. Repayment holiday upto 6 months
Security  Assets created out of the bank's finance.

 Personal guarantee of the proprietor / promoter.
 Eligible units to be covered under Credit Guarantee Fund scheme
for Micro & small Enterprises – CGMSE. (excluding Margin Money /
subsidy component.
Ref. Circulars  294/2008, 73/09, 132/09, 42/2010, 86/10, 142/09,
299/11,151/12,248/12, 349/12, 58/13, 507/13, 51/14,159/14
,633/14,163/15, 298/15, 505/15, 560/16, 219/17, 37/19,
371/19,434/19, 488/19
1A. PRIME MINISTER‟S EMPLOYMENT GENERATION PROGRAMME(PMEGP)-

Second Financial Assistance for Expansion
Purpose For Second Financial Assistance under PMEGP for Expansion of the
existing successful PMEGP Units
Eligibility:  Existing units, which are performing well in terms of turnover,

profit making and loan repayment.
Target groups:
 All existing units financed under PMEGP Scheme whose margin
money claim has been adjusted and the first loan availed should
have been repaid in stipulated time are eligible to avail the
benefits.
 The unit should have been making profit for the last three years.
 Beneficiary may apply to the same financing bank, which provided
first loan, or to any other bank, which is willing to extend credit
facility for second loan.
 Registration of Udyog Aadhaar Memorandum (UAM) is mandatory.

 The 2nd loan should lead to additional employment generation
 REGP (Rural Employment Generation Programme) units may also
be considered for availing the facility of 2nd loans besides
PMEGP/Mudra units
Max. Project cost  For upgradation of manufacturing units Rs.1 Crore and
 for upgradation of Trading/Services units Rs. 25 lakhs.
Margin  10%
Subsidy (of  15 % (20% for NER and Hill states)

project cost)  Max for manufacturing units - Rs. 15 lakhs (Rs.20 lakhs for NER and
Hill states)
 For Trading/Service units - Rs. 3.75 lakhs (Rs. 5 lakhs for NER and
Hill states)
Ref: Cir 37/2019, 488/2019
2. DIFFERENTIAL RATE OF INTEREST

Eligibility  Annual family income Rs.18,000/-- in Rural and Rs.24,000/- in
Urban and Semi-Urban areas (cir no.100/08)
 Individuals whose land holding does not exceed 1 acre of irrigated
and 2.5 acres of un-irrigated land. No land Ceiling for SC/ST
engaged in Agriculture and Allied activities.
Quantum  Maximum quantum Rs.15,000/- (For physically handicapped
additional loan of Rs.5000/- for artificial limbs/Braille typewriter)
Interest  4% Simple
Other Criteria  Housing Loans under DIR Rs.20,000/- for SC/STs and Rs.15,000/- for
others (cir no.100/08)
 Finance under DRI scheme can be given for Solar Home lighting
System (277/2010)
 For EL, as per EL guidelines
 2/3rd of DIR loans in Rural & Semi Urban
 Minimum 40% to SC/ST beneficiaries.
 Bank has a target of achieving a DRI advance level of 1 % of the
previous year's gross credit
Ref. Circulars Manual of Instruction on Agricultural Finance, Cir.175/2007,
100/2008, 277/2010, 241/2011, 295/2012

3. SELF EMPLOYMENT SCHEME FOR REHABILITATION OF
MANUAL SCAVENGERS (SRMS)
Purpose  New Govt. Sponsored Scheme replacing the National SLRS Scheme.
 As per RBI directives, this scheme implementation to be completed
by March 2010. In view of left over scavangers, certain
modifications were affected wef 01.03.2014
Objective  Aims at assisting the manual scavengers, identified during various
surveys, for their rehabilitation in alternative occupations. Manual
Scavengers and their dependents, irrespective of their income, will
be eligible for assistance.
Quantum  Term Loan- Up to a maximum project cost of Rs.15.00 lakhs for
sanitation related projects and up to Rs.10.00 lakhs for other
activities.
 Micro Financing – Up to a maximum project cost of Rs.25,000/- per
scavenger. Micro financing will be done through SHGs & NGOs
Capital Subsidy Project Cost Subsidy Amount
Upto 2 Lakhs 50% Project Cost
2 to 5 Lakhs Rs 1 Lakh + 33.3 % of Project Cost between Rs 2-

5Lakhs
5 to 10 Lakhs Rs 2 Lakh + 25 % of Project Cost between Rs 5-10Lakhs
10 to 15 Rs 325000/-
Lakhs
 Interest Subsidy: As the applicable rate of interest is higher than

the rate of interest chargeable under the scheme, Interest subsidy
to the extent of the difference in rate of interest will be
reimbursed to the bank by the Government / other agencies
identified by Government.
Interest The rate of interest would be as per extant guidelines of the Bank,
based on the purpose of the activity undertaken. The net rate of
interest chargeable to the borrower under the scheme will be as
follows:
For projects up to Rs.25,000/-

i. @ 5% p.a.
ii. @ 4% p.a. for women beneficiaries
iii. For projects above Rs.25,000/- @ 6% p.a.

Security Only hypothecation of assets created out of loans / subsidy in favour
of the bank.
Repayment  Project Cost upto Rs.5 lakhs – 5 years after moratorium period
 Project Cost above Rs.5 lakhs – 7 years after moratorium period
 Moratorium: Maximum 2 years.
 Implementing agency: NSKFDC –National Safai Karmachariya Finance
Development Corporation
Training  Max training period increased upto 24 months, depending upon
trade and max stipend upto Rs.3000/- p.m.
Ref. Circulars 116/07, 320/2008, 230/2009,120/2014
4. INDIRA AWAS YOJANA - (IAY)

(HOUSING LOANS UNDER DRI SCHEME)
Purpose  The scheme is titled as “Scheme For Extending Housing Loans Under
DRI Scheme To Beneficiaries Under IAY"
 Scheme is implemented by Ministry of Rural Development, Govt. of
India
 Rural poor living below poverty line i.e. rural households having an
annual income of up to Rs.32,000/- are the beneficiaries under IAY.
This DIR facility is given as top up loan to IAY beneficiaries,
applicable for people with income upto Rs.18,000/- as per DIR
norms and in rural areas only.
 Beneficiaries of IAY are provided with grant assistance for
construction of new house including sanitary facilities upto
Rs.35,000 in plane areas and Rs.38,500/- in hilly/difficult areas.
For up gradation of existing house, it is Rs.15, 000/- in all areas.
Eligibility Top up loans to meet the differential cost of construction of housing
units in rural areas
Quantum Quantum of loan is Rs.20000 maximum and maximum project cost
Rs.50000 (Under DIR)
Margin Margin ( 5% to 10%) is Project cost minus Grant & Top Up Loan by
Bank.
Security Security is mortgage of housing unit constructed under IAY scheme
Interest As per HO Circular
Other Criteria  Int.max.9% floating for loans other than DIR and for DIR @4%
interest.
 The loan is to be recovered within 60 months with a minimum

repayment period of 36 months. Can be extended to 120 months
selectively.
 To be classified under priority/Direct Housing and reported in PSR 1
– Flash report and in PSR 80.
 Automatic refinance from NHB is available.
Ref. Circulars 294/2008, 39/2008, 52/2009
5. RAJIV RINN YOJANA (RRY)

HOUSING LOAN SCHEME FOR URBAN POOR
Purpose  Borrower can buy or construct a new house or carry out additions to
the existing building.
 Rajiv Rinn Yojana 2013 (RRY) supersedes the earlier guidelines for
Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) 2008,
issued vide HO Circular No.59/10 dated 11.02.2010.
Eligibility  Average annual income up to Rs. 1,00,000/- is treated as EWS
 Average annual income between Rs.1,00,001/- up to Rs.2,00,000/-
is treated as LIG. This will be subject to revision by the Steering
Committee of the Scheme from time to time. Income Criteria, as
above, will be as per the Income Certificate provided by designated
authorities of the State concerned.
Loan amount  The scheme will provide an interest subsidy for a maximum loan
admissible amount of Rs.5 lakhs for a EWS individual for a house at least of 21
sq.mts upto a maximum of 60 sq. mts. There should be a provision
for toilet wherever new construction of house is contemplated.
 A maximum loan amount of Rs.8, 00,000 for a LIG individual will be
admissible. However, subsidy will be given for loan amount up to
Rs. 5 lakhs only. Additional loan amount between Rs.5 lakh and 8
lakh, if taken would be at unsubsidized rates. A beneficiary can
build or purchase a house with a minimum area of 28 Sq. mts to a
maximum of 60 sq. mts.
Nodal Agency  The NHB and Housing & Urban Development Corporation Ltd.
(HUDCO) will be the Central Nodal Agencies (CNAs) for
disbursement of the subsidy and monitoring the progress.
Subsidy  Fixed Interest Subsidy of 5% on interest charged is provided.
 EWS – Interest Subsidy for maximum loan amount of Rs.5.00 Lakhs
 For LIG – Interest Subsidy for maximum loan amount of Rs.5.00
Lakhs
 Subsidy to be claimed after sanctioning and disbursing the loan.
Refer Cir 275/2014 for operational guidelines on claim of subsidy

Security Mortgage of the dwelling unit may be accepted as primary security.
 There would be no collateral security/third party guarantee for

loans under RRY upto Rs.5 Lakhs.
 Loans under RRY are covered/linked under Credit Risk Guarantee
Fund Trust for Low Income Housing as per its applicable norms.
Tenure  15-20 years
Moratorium  Maximum 2 years
Other Criteria  Sum of Rs.100/- per sanctioned application has to be paid out of
RRY funds to NGOs/CBOs/other intermediary including that of
designated staff of Urban Local Body (ULB) or who act as
facilitator for bringing in an applicant to the PLI. Branches can also
avail Rs.100 facilitation fee, provided they identify the beneficiary
from among the poor.
 The Government of India will provide a flat fee of Rs.500 to Banks
for each sanctioned application.
 Income Certificate issued by the Competent Authority as notified
by the respective State Government is to be submitted by the
borrower.
 Land on which the proposed loan is being availed should be located
in urban areas.
Area of the plot:
The area of the plot on which the proposed house is being

constructed/built cannot exceed 100 sq.m. in case purchased by the
applicant/beneficiary. However, the restriction shall not be
applicable in case of
 The land “patta” allocated by the respective State Government

and or
 Property on which the house is proposed to be constructed is
ancestral property as inherited and presently in the name of the
beneficiary.
Ref. Circulars 570/2013, 275/2014

6. NEW AKANKSHA
Objective  To extend Education Loan to the members of Backward Classes for
pursuing professional or technical education at graduate and
higher level both inland and abroad studies.
Eligibility  Members of BC‟s, as notified by Central Government/ State
Governments from time to time.
 The annual income of the applicant's family should be below
double the poverty line i.e. Rs.1,20,000/- p.a. in urban areas and
Rs.98,000/- p.a. in rural areas.
 The applicant should have obtained admission for any professional
courses approved by appropriate authority such as AICTE, Medical
Council of India, UGC etc.
Courses Covered  All professional and technical courses at graduate and higher level
approved by appropriate authority such as AICTE, Medical Council
of India, UGC etc.
Purpose of Loan  Admission Fee & Tuition Fee, Books, Stationery & other
instruments required for the course, examination fee, boarding &
lodging expenses; insurance premium for policy during the loan
period and travel expense/passage money for studying abroad.
Maximum Loan  90% of the expenditure of the course subject to maximum loan
Limit limit of Rs.10.00 Lakh per student or Rs.2.50 Lakh p.a. (for
studying within India) & 85% of the expenditure of the course
subject to maximum of Rs.20.00 Lakh per student (for studying
abroad), the balance( Margin) will be borne by students.
Rate of Interest  4% p.a.
 Girl students will get EL at special concessional rate of interest @
3.5% p.a.
Repayment  The moratorium, besides being co-terminus with the course for
period which loan has been obtained by the students, will have a further
six months period for starting repayment after the completion of
the course.
Margin  For Inland study : 10 %
 For Study abroad Study : 15 %
Security  As per Education loan scheme guidelines .
Other  All other terms and conditions are as per Education Loan scheme
guidelines.
 Caste and Income certificate issued by competent authority to be
obtained
 Our Bank has entered into memorandum of Agreement (MoA) with
M/s NBCFDC for availing refinance, for the financé to be extended

by the bank of backward class beneficiaries under the various
schemes of the corporation where in the interest rate to be
charged to beneficiaries range from 4% to 8%.
Ref. Circulars  448/2017
7. KRISHI SAMPADA SCHEME

Objective  To provide concessional loans under Micro Finance to small
farmers, field or vegetable crop growers of the target group for
urgent requirement of funds during Rabi & Kharif or any cash crop.
 The annual income of the applicant‟s family should be below
Rs.98, 000/- p.a. in rural areas.
Implementation  The loan will be made available to loanee by our branches as Kisan
of scheme Credit card scheme (KCCS) and limit to be fixed for each loanee as
per need assessed and appraised by branch, in terms of Scale of
Finance as decided by District Level Technical Committee.
Maximum Loan  The maximum loan limit is Rs. 50,000/-
Limit
Margin  Nil
Rate of Interest  4 % p.a.
Repayment of  Loan is to be repaid in quarterly instalments within 48 months

loan (including the moratorium period of six months on the recovery of
principal). However, the amount of loan repaid by the farmers can
be replenished within the cash credit limit fixed for the loan every
six months coinciding with crop pattern.
Security  Security to be obtained as per Agriculture/KCCS scheme
guidelines.
Others  All other terms and conditions are as per Agriculture loan scheme
guidelines.
charged to beneficiaries range from 4% to 8%

8. MAHILA SAMRIDHI YOJANA

Objective  To provide Micro Finance to women Self Help Groups (SHGs)
belonging to the target group.
Eligibility  Women belonging to the BC‟s as notified by Central / State Govt.
from time to time and living below double the poverty line (i.e.
annual family income of the beneficiary should be less than
Rs.1,20,000/- p.a. in urban areas and Rs.98, 000/- p.a. in rural
areas.
Features  Maximum loan limit per beneficiary : Rs.50, 000/-
 Maximum number of women in one SHG : 20
Implementation  The loan will be made available to loanee by branches in rural and
of scheme urban areas by way of financing the women beneficiaries either
directly or through Self-Help-Groups (SHGs).
Repayment  In quarterly instalments within 48 months (including the
moratorium period of six months on the recovery of principal).
Rate of Interest  4% p.a.
Other  Utilization period:4 months from date of disbursement

 Margin : NIL
 Security : NIL
 All other terms and conditions are as per scheme guidelines
applicable to SHG.
charged to beneficiaries range from 4% to 8%
9. NEW SWARNIMA FOR WOMEN

Objective  Introduced to inculcate the spirit of self-dependence among the
women of BC‟s living below double the poverty line under Term
Loan.
Eligibility  The women belonging to Backward Classes as notified by the
Central / State Governments from time to time shall be eligible

for loan under this scheme.
 The annual family income of the applicant should be below
Rs.1,20,000/- p.a. in urban areas and Rs.98, 000/- p.a. in rural
areas.
Other Criteria  Maximum Loan Amount: Rs.1.00 Lakh (Per beneficiary)
 Rate of Interest: 5% p.a.
 Repayment: Loan is to be repaid in quarterly instalments with
maximum 10 years (including the moratorium period of six months
on the recovery of principal).
 Margin: As applicable under MSME Schemes.
 Security: As applicable under MSME Schemes.
 All other terms and conditions are as per MSME loan scheme
guidelines.
10. SHILP SAMPADA

Objective  The objective of this scheme (Self Emplyoment loan-MSME
Scheme) is to upgrade the technical and entrepreneurial skill of
BC‟s by way of providing training and financial assistance under
Term Loan for self-employment in traditional art & craft etc. The
loan under the scheme may be considered to the artisans and
handicraft persons to secure their traditional art & craft and to
provide training to upgrade their existing skills with latest
technological inputs such as use of computers, CAD, design
development etc.
 The annual income of the applicants family should be below
Rs.98, 000/- p.a. in rural areas.
Maximum Loan  The maximum loan limit is Rs.10 Lakh.
Limit
Rate of Interest  Upto Rs. 5 Lakh: 6% p.a.

 Above Rs.5 Lakh & upto Rs.10 lakh : 8% p.a.
Repayment  Loan is to be repaid in quarterly instalments within 10 years
(including the moratorium period of six months on the recovery of
principal).
Other Criteria  Margin: As applicable under MSME schemes.
 Security: As applicable under MSME schemes.
guidelines.
11. SAKSHAM
Eligibility  Applicable for Members of Backward Classes, as notified by Central
Government/ State Governments from time to time.
 The annual income of the applicant's family should be below
Rs.98,000/- p.a. in rural areas. Loan applicant should have
obtained a professional education for pursuing
business/entrepreneurship activities to be undertaken.
Maximum Loan  The maximum loan limit is Rs.10 Lakh.
Limit
Rate of Interest  Upto Rs. 5 Lakh: 6% p.a.

 Above Rs.5 Lakh & upto Rs.10 lakh : 8% p.a.
Repayment  Loan is to be repaid in quarterly instalments within 10 years
Period (including the moratorium period of six months on the recovery of
principal).
Other Criteria  Margin: as applicable under MSME schemes.
 Security: as applicable under MSME schemes.
guidelines.

12. PRADHAN MANTRI MUDRA YOJANA ( PMMY)

Purpose  To provide financial assistance to micro and small enterprises to
establish income generating activities in nonfarm sector. Loans upto
Rs.10 lakhs to this sector and Overdrafts upto Rs.10,000/- granted
in PMJDY SB accounts shall also be classified as MUDRA loans under
PMMY. To meet business related Term Loans and Working Capital
requirements of unfunded MSME by bringing them to formal
financial system and extending credit to them.
Target group  Non corporate Small Business Segment (NCSBS) comprising of
Individuals /proprietorship / partnership firms running as small
manufacturing units, shopkeepers, fruits / vegetable vendors, truck
operators, food-service units, repair shops, machine operators,
small industries, artisans, food processors and others, in rural and
urban areas, whose financing needs are less than 10 lakhs subject
to satisfying MSME (Manufacturing/Service) definition.
Eligibility  Existing customers with satisfactory track record for last 2 years
 New customers subject to satisfactory OPL from their existing
bankers
 New units subject to satisfactory market opinion on the promoters
 Only Individuals/Proprietorships/partnerships/SHGs are eligible for
finance under the scheme.
 Private limited company, HUF and Trusts are not eligible.
 Units whose Risk rating is High and/or grading as per scoring norms
is Higher/Highest are not eligible.
 All Govt. sponsored schemes like DAY-NULM, DAY-NRLM, PMEGP
(upto Rs.10.00 Lakhs), Weavers Mudra, etc., shall also be classified
under PMMY.
Variants 1. Shishu : Loan amount upto Rs.50000/-
2. Kishore : Loan amount above Rs.50000/- & upto Rs.5 lacs
3. Tarun: Loan amount above Rs. 5 Lacs & upto Rs.10 Lacs.
Assessment  Term loan: As per prevailing guidelines – Maximum 85% of the
project cost
& Quantum of  Working capital: As per Turnover /MPBF/Cash Budget Method, as
finance the case may be
 Maximum finance- Rs.10 Lakhs.

Margin  Upto Rs.25000: Nil
 Above Rs.25000/-: 15-25% ( 30 % in case of book debts held as
prime security)
Interest  As per prevailing guidelines on ROI for MSME
 For Guarantee coverage on Shishu category loans (upto Rs.50,000/-
) rate of interest should not exceed 12% p.a. No rate of interest
cap under “Kishor” & “Tarun” categories.
Repayment  Term Loan: 5-7 Years , 2-3 months repayment holiday may be
granted
 Working capital : As per prevailing guidelines
Prime security  Assets created out of loan - Hypothecation of moveable assets
and/or Mortgage of immovable property and existing business
assets of the borrower only.
Collateral  No collateral security/Third party guarantee
security  All such eligible loans to be mandatorily covered under CGFMU.
Personal  Personal guarantee of partners/promoters may be stipulated

guarantee wherever applicable.
CGFMU cover  All eligible micro units to be covered under CGFMU .

 All loans/advances granted under MUDRA including loans/advances
granted to Traders, SHGs & Educational Institutions are eligible for
cover under Credit Guarantee Fund for Micro Units (CGFMU).
 PMJDY OD accounts are also eligible to be covered under CGFMU.
 All loans upto Rs.10.00 Lakhs (Rs. Ten Lakhs only) extended to
activities allied to Agriculture such as pisciculture, beekeeping,
poultry, livestock, grading, sorting, aggregation agro industries,
dairy, fishery, agriclinics and agribusiness centres, food & agro
processing, etc., (excluding crop loans, land improvement such as
canals, irrigation, wells) and services supporting these, which
promote livelihood or are income generating, are eligible for
coverage under CGFMU.
 To be eligible for guarantee cover, the rate of interest to be
charged on SHISHU loans should not exceed 12%
 Credit guarantee is available on Portfolio basis and not on
individual basis. Branches need not cover the loans individually.
Ref Cir  281/15,418/15,181/2016,204/2017,476/2017,481/18, 463/18,
267/19, 100/2020

13. WEAVER MUDRA LOAN SCHEME
Purpose 
Weaver Mudra Loan Scheme replaced Weaver Credit Card.

For providing timely and hassle free assistance to weavers, Master
weavers amd weaver enterpreneurs to meet their immediate
requirements, both for working capital and Term Loan.
Eligibility  Branches should ensure that Weavers‟ Identity Card issued by the
Office of the Development Commissioner for Handlooms, Ministry
of Textiles, Government of India or State Government is invariably
enclosed with the loan application.
Amount  Working Capital requirement
Maximum : Rs. 2 lakhs
(For loans upto Rs.50,000/- disbursement by way of Mudra Card
and amount above Rs.50,000/- shall be disbursed through regular
CC account)
 Term Loan : Maximum Rs.50,000/-
 However, exposure by way of both Working Capital and Term Loan
shall not exceed Rs.2 Lakhs per Borrower.
Term of the Loan  Working Capital Loan valid for 3 years subject to annual review
 Term Loan: Maximum repayment period 36 months inclusive of
initial repayment holiday of 3 months maximum, depending upon
requirement of individual project.
ROI  As per circulars
 Further concessions for coverage under CGTMSE and concessions
applicable to Women Entrepreneurs are not available under the
scheme.
Margin Money Government support of
and Interest  Margin Money Assistance - 20% of the project cost subject to a
Subvention maximum of Rs.10, 000/- per weaver.
 Interest Subvention – The difference between the actual interest
charged by the Bank and 6% p.a. provided for a maximum period of
3 years from the date of first disbursement.
CGTMSE Fee  One time Guarantee fee at the time of covering the loan accounts
under CGFMU and there after Annual Service Fee every year shall
be debited to the respective loan accounts of the borrower. In
case, one time guarantee fee and annual service fees upto three
years from the date of first disbursement are reimbursed by the
Government, it will be credited to the respective borrower‟s loan
accounts. Undertaking letter shall be obtained from the borrower
to this effect before the disbursement is made in the loan account.
Ref. Circulars  550/2016,387/2017

14. Deendayal Antyodaya Yojana – National Urban
Livelihoods Mission (DAY-NULM)
Purpose  The Government of India, Ministry of Housing and Urban Proverty
Alleviation (MoHUPA) has restructured the existing Swarna Jayanti
Shahari Rozgar Yojana (SJSRY) and launched the National Urban
Livelihoods Mission (NULM). The Self Employment Programmee
(SEP), of NULM will focus on providing financial assistance through
a provision of interest subsidy on loans to support establishment of
Individual (SEP-I) & Group Enterprises (SEP-G) and Self-Help
Groups (SHGs) of urban poor.
Eligibility:  Implemented in District Headquarters (Irrespective of Population)
and all the cities with population of 1 lakh or more.
Age  The prospective beneficiary should have attained the age of 18
Years at the time of applying for loan. There is no maximum age
limit. However, borrowers above 70 years need not be
entertained.
Educational  For both components No minimum educational qualification is
Qualifications required for prospective beneficiaries under this component.
Project cost /  The Maximum unit Project Cost for individual micro-enterprises
Quantum cases is Rs. 200,000 (Rupees Two Lakhs) and The Maximum unit
Project Cost for a group enterprise is Rs.10,00,000 (Rupees Ten
Lakhs)
ROI  Applicable Rate of Interest is to be charged to the account.
Difference over 7% to be claimed as interest subsidy with Urban
Local Body (ULB).
 An additional 3% interest subvention will be provided to all Women
SHGs (WSHGs) who repay their loan in time.
Margin  Magin money stipulation for both individual and group
For Loan amount up to Rs. 50000: Nil
For Loan amount above Rs.50000: Minimum 5 % & Maximum 10 %
Subsidy (of  Interest Subsidy, being interest charged over and above 7% rate of
project cost) interest will be available for the term loans granted under SEP-I
and SEP-G.
Repayment  Repayment schedule ranges for 5 Years inclusive of maximum
moratorium of 6- months.
Other criteria  Loans granted under SEP-I, SEP-G & SHG are mandatorily to be
covered under CGMSE.
 For Identification of the WSHGs, branches are advised to update in
BA020- SHG/JLG/MCG Details- Type of Group – Female.
 KYC, Assessment, Processing, Rate of Interest, Margin, Inspection,
Insurance, Delegation of Powers, Security, CGMSE coverage are as

per extant guidelines of MSME.
 Retail Trade activity can be permitted under SEP –I, without
insisting for collateral security (407/2015)
 Working Capital needs of enterprises under SEP-I shall be
considered out of purview of the scheme guidelines and that is not
eligible for interest subsidy.
 Group of Urban poor having minimum 3 members, with a minimum
of 70 % members from urban poor families can avail benefits of
subsidized loan under NULM ( TL only).More than one person from
the family should not be member of the group. Project cost for
group enterprise should not exceed Rs 10 Lacs. Margin
requirement is 15 % to 20 % as per discretion of sanctioning
authority. No collateral /third party guarantee required.
Maximum repayment period is 7 years and maximum repayment
holiday of 6 months can be considered. (407/2015)
 The percentage of women beneficiaries under Self Employment
Programme (SEP) shall not be less than 30 percent. SCs and STs
must be benefited at least to the extent of the proportion of their
strength in the city/town population of poor. A special provision
of 3 percent reservation should be made for the differently-abled
under this programme. At least 15 percent of the physical and
financial targets under this component shall be earmarked for the
minority communities.
 If identified activity for micro-enterprise development requires
some special skills appropriate training must be provided to the
beneficiaries before extending financial support by linking for
training under Employment through Skills Training and Placement
(EST&P). Financial assistance should be extended only after the
prospective beneficiary has acquired required skills for running
the proposed micro-enterprise.
 In addition to skill training of the beneficiaries, the ULB will also
arrange to conduct Entrepreneurship Development Programme for
3-7 days for individual and group entrepreneurs.
 Updation of Mobile Numbers in all eligible accounts – mandatory
field for claiming interest subvention through the portal.
 Cases recommended by task force have to be processed by the
Bank with in a time frame of 15 days.
Lending to  Opening of savings bank account of self Help Groups (whether
SHGs registered or unregistered) which are engaged in promoting habit
of savings among their members as a starting point.
 Thereafter, the SHGs may be sanctioned savings Linked Loans
(varying from a saving to loan ratio of 1:1 to 1:4) after due
assessment of grading.

 However in case of matured SHGs, loans may be given beyond the
limit of four times the savings as per the discretion of the bank.
 SHGs can avail either terms loan or cash credit limit loan or both
based on their needs.
 Prompt Repayment from SHGs- For cash Credit limit to SHGs-
Outstanding balance shall not have remained in excess of the
sanctioned limit / DP continuously for more than 30 days.
 For Term loan to SHGs- a term loan account where all of the
interest payments and/or instalments of principal were paid
within 30 days of the due date during the entire tenure of the
loans would be considered as an account having prompt payment.
Ref. Circulars 622/2014,251/2016,672/2016,392/18,18/19,116/19,466/2019
15. Janashree Bima Yojana

Purpose  Death cum Disability insurance scheme by LIC of India. All the
Credit Linked Women SHG members are eligible under the
scheme.
Premium  The premium payable is Rs.200/- per member per year. Members
have to pay a premium of Rs. 100/- per year and the balance
would be met by Govt. of India.
Age  18 to 59 years
Coverage  Natural death Rs. 30000/- , Death due to accident Rs. 75000/-
 Permanent disability due to accident Rs. 75000/- Loss of both
legs, both hands, both eyes Rs. 75000/- , Loss of One leg One
Hand and One eye Rs. 37500
Other Criteria  Add on benefit to JBY: Scholarship: from 9th std to 12th std. @
600/- per half year (i.e. 1200/- p.a) to the children of the
members of women SHG.
16. Interest Subsidy Eligibility Certificate (ISEC) Scheme -

Of Khadi & Village Industries Commission (KVIC))
Purpose  Loans raised by the Khadi & Village Industries Commission (KVIC)
for disbursement as capital investment and working capital loans
to;
a. A State Khadi & Village Industries Board.

b. A Registered institution:
c. A Co-operative Society:
d. A trust created for public purposes of a charitable or religious
nature.
 Loans raised by the Khadi & Village Industries Commission for
purchasing, stocking and distribution of raw materials to
registered institutions and cooperative societies and for the
production and sales activity undertaken by the Commission
departmentally.
 Loans raised by the State Khadi & Village Industries Boards for
disbursement of capital investment and working capital loans to
institutions/co-operative societies/individual artisans or to meet
requirements of its departmental activities connected with the
production and sales of Khadi and Village Industries Products.
 Loans raised by the Registered Institutions to meet their capital
investment and working capital needs.
 Loans raised by the co-operative societies to meet their capital
investment and working capital needs
Interest Rate As per HO Circular. The quantum of subsidy shall be limited to the
difference between the actual rate of interest charged by the
financing institutions and 4 (four) per cent to be borne by the
borrowers.
Procedure for  On the basis of limits approved by the Standing Finance

Sanction Commission in respect of Bank borrowings for different purposes,
the Bank Finance Cell under the KVIC will issue Interest Subsidy
Eligibility Certificate (ISEC) in favour of the concerned State
Boards/Institutions/Co-operative Societies etc., in Form 1 A.
 In respect of institutions and co-operative societies working under
the State Boards, the State Boards will issue the Interest Subsidy
Eligibility Certificates for borrowings by these agencies from
banks within the limits indicated in the Interest Subsidy Eligibility
Certificate issued in their favour by the respective State Boards,
in Form 1 B.
 On the strength of the Interest Subsidy Eligibility Certificate, the
State Board / Institutions / Co-operative Societies etc will
negotiate with their bankers for the required financial
accommodation.

 The final decision to accept or reject any loan application from
eligible borrowers will vest with the banks. However, in case
banks reject some applications they may indicate to the
Commission / the State Board the reasons for rejecting the loan
applications.
Ref. Circulars 118/78, 350/95, 26/97, 73/97, 293/03, 224/2007, 152/2012,
246/2014
17. COIR UDYAMI YOJANA (CUY)

NAME OF REMOT SCHEME OF COIR BOARD CHANGED AS
“COIR UDYAMI YOJANA (CUY) (HO Cir 356/2015)
Objective  To provide modern infrastructure facilities to the production
units resulting in improvement of productivity and quality.
 To support the establishment of new 'State of the Art' Coir
Processing Units. • To spread of the industry to potential areas.
 To promote the enhanced utilization of available raw material.
 To create more employment opportunities, especially for women
in rural areas. • To attract new generation entrepreneurs to the
industry.
 To modernise the existing coir units.
 To promote the development and installation of information
technology including enterprise resource planning (ERP).
 To support the production of high value customer oriented
products.
 To make the Coir Industry integrated and competitive with
modern technologies.
 To facilitate the adoption of eco-friendly production techniques.
 To achieve the target of a pollution free coir industry with
technological advancements.
Nodal Agency  Coir Board, Coir House, MG Road, Kochi
Eligibility  Any individual above 18 years of age with Indian Citizenship.

 There will be no income ceiling for assistance for setting up of
project under REMOT Scheme.
 Assistance under the Scheme is only available for projects for the
production of coir fibre /yarn/products etc. coming under coir
sector.
 Assistance under the Scheme will be made available to
individuals, Companies, Self Help Groups, Non Governmental

Organizations, Institutions registered under Societies Registration
Act 1860, Production Co-operative Societies, Joint Liability
Groups and Charitable Trust. However the units that have
already availed Govt. subsidy under any other Scheme of Govt. of
India or State Govt. for the same purpose are not eligible to
claim subsidy under the scheme.
Quantum  The Maximum admissible cost of the project is Rs.10 Lakhs plus
Working Capital, which shall not exceed 25% of the project cost.
 Bank‟s Shall consider composite loan instead of term loan to cater
to the working capital requirements.
 Working capital shall not be considered for subsidy.
Margin  Beneficiary's contribution 5% of the project cost
 Bank credit 55%.
 Rate of Subsidy 40% of the project
Security  Hypothecation of assets created and CGFMU
Interest  As per prevailing guidelines on interest rate for loans under MSME.
Ref. Circulars 158/2009, 135/2013, 179/2013, 262/2013, 300/2013, 405/2013,

426/2013, 662/2013, 154/2014, 522/2014, 356/2015
18. SCHEME FOR PRODUCTION AND EMPLOYMENT LINKED

SUPPORT FOR GARMENTING UNITS (SPELSGU) UNDER
AMENDED TECHNOLOGY UPGRADATION FUND SCHEME
(A-TUFS) FOR TEXTILE INDUSTRY
Objective  To boost employment generation in the textile sector, the
Government would provide an additional 10% Capital Investment
Subsidy (CIS) for garmenting units which have availed 15% CIS
benefit under ATUFS based on the achievement of projected
production and employment after a period of 3 years. The period
of 3 years will be counted from the date of release of ATUFS
subsidy to that unit.
Nodal Agency  SIDBI
Eligibility  The garmenting units (garment / apparel) who have availed 15%
CIS under ATUFS and fulfill the achievement of the production
and employment generation after three years period as given
below are only eligible for additional 10% CIS under SPELSGU of
ATUFS.

(a) The production made during the last 3 years is equal to or
more than the expected production as per DPR and norms under
GR (Ratio as per DPR subject to minimum investment to turnover
ratio of 1:3.5).
(b) The employment generated during the last 3 years is equal to

or more than the expected employment generation as per DPR
and norms under GR (as per DPR subject to a minimum of the
industry norm of 70 jobs per one crore rupees of investment).
Quantum  Need Based.
Margin  As per sanctioning authority.
Subsidy  Every eligible garmenting unit which has availed 15% benefit under
ATUFS will be paid an additional 10% Capital Investment Subsidy
(CIS) on the eligible investment upto an additional maximum cap
of Rs.20 crores. Thus, the total cap on subsidy for such a unit is
enhanced under ATUFS from Rs.30 crores to Rs.50 crores (Rs.30
crores for 15% CIS and Rs.20 crores for additional 10% CIS
respectively).
 This additional subsidy will be disbursed after a period of 3 years.
This will be based on a verification mechanism linked to
production volume, employment and turnover.
Security  Hypothecation of assets created and CGFMU
Interest  As per prevailing guidelines on interest rate for loans.
Ref. Circulars 254/2016, 280/2016, 393/2016, 443/2016
19. STAND-UP INDIA

Objective  To give thrust on reaching out to hitherto underserved segment
of society and seek to strengthen the growth environment.
Purpose  For setting up a New Enterprise (Green Field Project) In
Manufacturing, Trading or Services Sector by SC/ST/Women
Entrepreneur.
Eligibility  Existing customers with satisfactory track record for last 2 years.
 New customers subject to satisfactory OPL from their existing

bankers.
 New units subject to satisfactory market opinion on the
promoters
 Individuals/Proprietorships/partnerships/Limited Liability
Partnership (LLP)/ Private Limited Companies/Public Limited
Companies are eligible for finance under the scheme.
 In case of Non-Individual Enterprises, 51% (minimum) of the
shareholding and controlling stake should be held by either SC/ST
and/or Women Entrepreneur.
 Age Limit: Above 18 Years.
 Only Green Field Projects are eligible.
 Green Field Project signifies, the first time venture of the
borrower in the Manufacturing or Services or Trading Sector.
 Borrower should not be in default to any Bank/Financial
Institution
 Units whose Risk rating is high are not eligible.
Quantum Minimum: Above Rs.10 Lakhs Maximum: Rs.100 Lakhs.
Margin 25% of the Project Cost.
a) Margin money can be provided in convergence with eligible

Central/State schemes. While such schemes can be drawn upon
for availing admissible subsidies or for meeting margin money
requirements, in all cases, the borrower shall be required to bring
in minimum of 10% of the project cost as own contribution.
b) Maximum Loan Quantum: 75% of the Project Cost.
Security  Prime Security-Assets created out of loan, Collateral security/

Third party guarantee-If not covered/Not eligible to be covered
under CGTMSE/CGFSIL, The borrower shall provide collateral
security in the form of land and building to the extent of 100% of
the sanctioned limit, in addition to the security of assets created
out of our finance.
 Third Party Guarantee: As applicable.
Interest  As per prevailing guidelines on interest rate for loans under MSME.
Repayment  Term loan - Repayable in maximum 7 years in suitable

monthly/equated monthly installments. Repayment holiday of
Maximum of 18 months may be permitted wherever necessary.
 Working capital- As per prevailing Guidelines
Ref. Circulars 144/2016, 314/2016, 577/2016, 208/2017, 483/2019

20. Financing Start-Ups & Early Stage Units
promoted/proposed
Objective  To encourage start-ups and early stage units under MSME sector.
Purpose Capital Expenditure and Working Capital Requirement
 Capital Expenditure- a) Construction/Purchase of Business

Premises b) Interiors/equipments/furnishing c) Purchase of
patent/license etc d) Research and Development e) Purchase of
required Software/Hardware suitable to the activity chosen f)
Pre-operative expenditures
 Working Capital Requirement-a) Salary to employees b)
Operative expenses c) Business development travel expenses d)
Inventories/book debts
Eligibility 1. Promoters graduated from the following educational institutions

a. IIMs (Indian Institute of Management)
b. IITs (Indian Institute of Technology)
c. IIITs (Indian Institute of Information Technology)
d. IISc (Indian Institute of Science)
e. ISBs (Indian School of Business)
f. IISERs (Indian Institute Of Science Education And Research)
g. XLRI (Xavier School of Management)
h. Symbiosis Institute of Management Pune/Bangalore
i. Management Development Institute, Gurgaon
j. NITs (National Institute of Technology)
2. Age – Between 20-50
3. Start Ups (SUs)
4. Early Stage Units (ESUs) - Units which have not completed 3 years
from the date of commercial operation/first Balance Sheet
whichever is earlier.
5. Risk Rating upto Moderate Risk
Quantum Need Based.
Minimum: Above Rs.10 Lakhs
Maximum:
Start Ups (SUs) : Rs.200 Lakhs
Early Stage Units (ESUs): Rs. 500 Lakhs

Margin Working Capital - Minimum 25%
Term Loan - Minimum 20% of the project cost
Security Loan Amount Upto Rs.100 Lakhs:
 CGTMSE Coverage or 50% of the loan amount by way of Land &
Building/Approved Securities/Our Bank Deposits either
primary/collateral or primary and collateral put together.
 If the account is proposed to be covered under CGTMSE, guidelines
relating to CGTMSE to be adhered.
Loan Amount above Rs.100 Lakhs:

 50% of the loan amount by way of Land & Building/Approved
Securities/Our Bank Deposits – either primary/collateral or
primary and collateral put together.
Interest  Start- Ups & Early Stage Units – Card rates as applicable to MSME
units Less 0.25% for both type of Units
Repayment  Project cost upto Rs.100 Lakhs: Upto 7 years excluding
moratorium, but not to exceed an overall tenor of 10 years
 Project cost above Rs.100 Lakhs: 7 years & in exceptional cases
upto 10 years, excluding moratorium, but not to exceed an
overall tenor of 12 years
 Ballooning repayment may also be considered on case to case
basis depending upon the cash flow pattern. Working capital- As
per prevailing Guidelines
21. Dairy Entrepreneurship Development Scheme (DEDS)

Objective  To generate self-employment and provide infrastructure for dairy
sector
 To set up modern dairy farms and infrastructure for production of
clean milk
 To encourage heifer calf rearing for conservation and
development of good breeding stock
 To bring structural changes in the unorganized sector, so that
initial processing of milk can be taken up at the village level
 To upgrade traditional technology to handle milk on a
commercial scale
 To provide value addition to milk through processing and
production of milk products

Purpose For generating self employment opportunities in the dairy sector,
covering activities such as enhancement of milk production,
procurement, preservation, transportation, processing and
marketing of milk by providing back ended capital subsidy.
Nodal Agency NABARD
Eligibility Farmers, Individual Entrepreneurs and Groups of Unorganized and

Organized Sector, Group of organized sector, includes Self-Help
Groups on behalf of their members, Dairy Cooperative Societies, Milk
unions on behalf of their members, Milk federation, Panchayati Raj
Institutions (PRIs) etc.are eligible under the scheme.
Quantum As per the unit cost stipulated by NABARD from time to time for
different components.
Subsidy General Category-25 % SC/ST Category- 33.33 % of project Cost-

Subsidy is available as notified by NABARD from time to time
Margin Up to Rs. 2 Lakh- Nil - Above Rs.2 Lakh- minimum 10% of the project
cost
Security Security should be as applicable to other Agriculture loans.
Interest As applicable to Agriculture loans subject to change from time to

time.
Repayment  Repayment Period will vary between 3 - 7 years depending on the

nature of the activity and cash flow.
 Grace period may range from 3 to 6 months in case of dairy farms
to 3 years for calf rearing units (to be decided by the branches as
per needs of individual projects).
Ref. Circulars 403/2014, 290/2015, 343/2016, 35/2017, 308/2017, 408/2017,
550/2017, 77/2018, 350/2018, 261/2019,
22. Deendayal Antyodaya Yojana - National Rural Livelihoods

Mission (DAY-NRLM)
Objective DAY-NRLM is the flagship program of Govt. of India for promoting
poverty reduction through building strong institutions of the poor,

particularly women, and enabling these institutions to access a range of
financial services and livelihood services.
Purpose The loan amount will be distributed among members based on the Micro
Credit Plan prepared by the SHGs. The loans may be used by members
for meeting social needs, high cost debt swapping, construction of
toilets and taking up sustainable livelihoods by the individual members
within the SHGs or to finance any viable common activity started by the
SHGs.
Nodal Agency The Ministry of Rural Development, Government of India
Eligibility The eligibility criteria for the SHGs to avail loans are: -
 SHG should be in active existence at least since the last 6 months
as per the books of account of SHGs and not from the date of
opening of S/B account.
 SHG should be practicing 'Panchasutras' i.e. Regular meetings;
Regular savings; Regular inter-loaning; Timely repayment; and Up-
to-date books of accounts.
 Qualified as per grading norms fixed by NABARD.
 The existing defunct SHGs are also eligible for credit if they are
revived and continue to be active for a minimum period of 3
months.
Quantum Term Loan (TL) or a Cash Credit Limit (CCL) loan or both based on the
need.
 CCL- Min 5 Lakhs for 5 Year, DP I yr- min 1 Lakhs, II yr- min 2 Lakhs,
III yr- min 3 Lakhs, IV yr &V yr- min 5 Lakhs,
 Term Loan- I Dose- min 1 Lakhs, II Dose- min 2 Lakhs, III dose- min 3
Lakhs, IV Dose- min 5 Lakhs,
Subsidy &  In 250 identified districts, banks will lend to all the women SHGs
Interest @7% up to an aggregated loan amount of Rs.3,00,000/-. The
SHGs will also get additional interest subvention of 3% on prompt
payment, reducing the effective rate of interest to4%.
 In the remaining districts also, DAY-NRLM compliant women SHGs

are eligible for interest Subvention to the extent of difference
between the lending rates and 7% for the loans up to Rs.3 lakhs,
subject to the norms prescribed by the respective SRLMs. This
part of the scheme will be operationalised by SRLMs.

Security & No collateral and no margin will be charged up to Rs.10.00 lakhs
Margin limit to the SHGs. No lien should be marked against savings bank
account of SHGs and no deposits should be insisted upon while
sanctioning loans.
Repayment  The First year/ first dose of loan will be repaid in 12 - 18
months in monthly/ quarterly installments.
 The Second year/ Second dose of loan will be repaid in 18 - 24
months in monthly/quarterly installments.
 The Third year/ Third dose of loan will be repaid in 24-36
months in monthly/ quarterly installments.
 The loan from Fourth year/ Fourth dose onwards has to be
repaid between 3- 6 years based on the cash flow in monthly/
quarterly installments.
23. Loan Scheme for Food Processing Industries for

Technology Upgradation-Sponsored by National Mission
on Food Processing (NMFP)
Objective  To increase the level of processing, reduction of wastage, value
addition, enhance the income of farmers as well as increase
exports thereby resulting in overall development of food
processing sector.
 To extend financial assistance for setting up of new food
processing units as well as Technological Upgradation and
Expansion of existing units in the country.
Eligible Food processing sectors listed below:
Sectors 1. Fruits and vegetable
2. Milk products
3. Meat, poultry, fishery
4. Cereal/other consumer food products
5. Oilseeds products
6. Rice Milling
7. Flour Milling
8. Pulses processing
9. Such other agri-horticultural sectors including food flavours and
colours, oleorasins, spices, coconut, mushrooms and hops.
Ineligible Aerated Water, Packaged drinking water, soft drinks
Sectors

Nodal Agency MoFPI, Govt of India
Eligibility Both existing and prospective MSME customers.
Quantum Term Loan/WC- Need based Finance based on project appraisal
Promoter‟s 20% of the

Contribution project
Term Loan 80% of the General Areas:- Govt

project Grant- 25% of the cost of
plant, machinery, technical
civil works, Max Rs 50
Lakhs.
Difficult Areas:- Govt Grant

– 33.33% of the cost of
plant, machinery, technical
civil works, Max Rs 75
Lakhs.
Security  Prime Security- Assets created out of bank finance

 Collateral Security-
o Upto Rs 10 Lakhs No collateral/third party guarantee, -
CGFMU/CGTMSE cover
o Above Rs 10 Lakhs- Collateral Security/third party
guarantee/CGTMSE cover
Repayment Term Loan- 5 years, 6 months holiday period may be given

5. EMPLOYEE ADVANCES
General Guidelines: (HO Cir 325/2019):

Only EHL / AHL / RBI HFS / Car Loan are to be sanctioned by DM at Circle Office
For All other Loans Branch in charge is the sanctioning authority
Vehicle loans to employees for purchase of brand new motor car (four wheeler) or
used motor car of not more than 10 years old (either diesel or petrol or CNG Or LPG
or Solar or Battery driven/ Hybrid)
1. Clean Loan Facility

Purpose  Clean loan to confirmed Staff members
Eligibility  All confirmed employees who have completed 3 years of total

service.
 The loan shall not be extended to the employees against whom
action is pending for major misconduct.
Interest  8% p.a. compounded monthly
Other  One and half month‟s gross salary for every completed year of
Features service with a maximum of 15 months gross salary or the following
amount whichever is less:
(a) Officers Scale iv - vii - Rs.12.00 lakh, Scale i-iii: Rs. 10 lakhs
(b) Workmen- Rs. 6.00 lakh
(c) Sub-staff / PTE - Rs.3 lakh (Cir 15/2019 & 24/2019)
(d) Probationary Officers /Managers etc: Rs.1 lakh
(e) Probationary Clerk/Sub staff: Rs 0.50 lakh
 The amount over and above the existing limit if opted will be
either by way of DPN or OD
 Those employees who are having clean DPN loan at present can be
sanctioned additional DPN or OD for enhanced eligibility.
 OD Limits:
Officers- Rs 2.50 lakhs,
Workmen- Rs 2.00 lakhs,
Sub staff/PTE- Rs 1.25 lakhs
 Repayment: The additional DPN sanctioned is repayable in 120
EMI. Wherever the service of employees is less than 10 years EMI
as applicable to 10 years may be permitted with an undertaking

from the employees to clear the above balance outstanding out of
terminal benefits.
 Tenability of OD: 2 Years
 If an employee closes DPN loan and seeks further DPN loan at a
later date again, the same can be permitted. However, there must
be at least 1 year gap from the date of previous availment.(24/19)
 The NTH should be not less than 25% of the Gross emoluments
after deduction of proposed EMI.
 NTH: The following relaxation is withdrawn: “excluding the
deduction towards SPF & VPF contribution and LIC premium) at
the time of sanction where DPN, DUAL and Canbudget loan
scheme for purchase of books are availed/outstanding the
installments amount of these loans are to be added back for
determining the gross emoluments and immediately on availing
DPN loans these loans are to be cleared with full upto date
interest
Ref. Circulars  78/2009(Corrigendum), 268/09, 282/09,
316/09,32/2013,210/2017,15/2019 and 24/2019
2. Employees Housing Loan Scheme
Eligibility  All confirmed officer employees and

 All confirmed workmen employees who have completed 2 years
of continuous service are eligible to avail the loan.
Interest  7% p.a. simple
Quantum  Loan Amount:

Sub Staff – Rs. 25 lakhs
Clerks – Rs.50 lakhs
Scale I to III – Rs. 75 Lakhs,
Executives in scale IV & V – Rs. 100 Lacs
Executive in scale VI & VII – Rs 125 Lacs.
 60% of the loan sanctioned for purchase of plot is stipulated if the
loan is sanctioned for purchase of a plot and construction of house
thereon irrespective of the cadre viz., this guideline is applicable
to both officer employees and workmen employees. (151/2016)
 NTH under no circumstances should be less than 30 % of gross
salary.
Repayment  360 Months ( 270 months towards principal + 90 months towards
interest)
 HL limits/liabilities is permitted to be continued on the same
terms and conditions of employees housing Loan (EHL) for a period

upto 15 years from the date of retirement (including voluntary
retirement) from the services of the Bank or the ex-employee
attaining the age of 75 years, whichever is earlier. However, the
repayment tenor (including continuation of repayment after
retirement) shall not exceed the repayment tenor stipulated as
per sanction terms.
 Maximum Repayment period can be 30 years or the period upto
employee attaining 75 years of age whichever is lower.
Other  Margin – 10% of the project cost.
Features  All employees can acquire up to maximum of two houses/ flats
within their overall entitlement.
 Takeover of liability from other institutions/ housing finance
scheme (HFS) of the bank for acquiring second dwelling unit.
 Construction of second housing unit on the existing house is
permitted. The entire asset shall be offered as continuing
security to the new loan as well. This is applicable to loans
sanctioned on or after 03.12.2012.
 Can be considered jointly/ individually if both husband and wife
are employees of our bank
 EHL will be sanctioned to employees to acquire / own a house
property either in his / her name or jointly in the name of the
spouse / minor children / major children (son/daughter) subject
to the condition that the spouse / major children shall join in
creating mortgage and loan documentation.
 Loan amount for repairs / renovation of existing dwelling unit in
case the employee
Sub Staff – Rs. 5.00 Lakhs,
Clerks – Rs.8.00 Lakhs.
Scale I to III – Rs.12.00 Lakhs,
Scale IV &Above – Rs 15.00 lakhs.
 Repayment: Loan granted for repairs/renovation to be repaid in
120 months;
 Substitution of Property: This facility can be permitted two
times i.e., maximum of one substitution per property under EHL,
during the entire service of the employee /officer in the Bank
and one time after retirement. However, Employee / Officer is
not permitted to substitute the once substituted property i.e. no
repeated substitution is permitted.
 AHL can be permitted for EHL availed prior to 22.02.2016 on the
same property even for repairs and renovation, clubbing of
Income spouse and major children to arrive at NTH is permitted
if they are joining as co borrowers(325/2019)
 Insurance premium on loan protection scheme and Applicable

GST and other taxes, if any are permitted in Project Cost
(99/2019)
 Respective sanctioning authority i.e. Divisional Manager, Circle
Office is delegated with powers for permitting the exceptions in
respect of Employees‟ Housing loans. (587/2018)
Ref. Circulars  331/10, 403/12,BI 18/13,59/14,561/14,230/15,373/15,210/17,

485/2017, 587/2018, 99/2019, 325/2019
3. Housing Loan Scheme for Retired Employees of the Bank
Purpose i) Purchase of a ready built house/ flat.

ii) Construction of house/ flat.
iii) Purchase of site and construction of a house thereon. However,
loan
iv) For the purpose of purchase of only site shall not be considered.
 Further, 40% of the loan sanctioned for purchase of plot is
stipulated if the loan is sanctioned for purchase of a plot and
construction of house thereon
Eligibility  All retired employees aged above 60 years and upto 65 years
who have not availed EHL or Housing Loan from our Bank / or any
other bank during their active service and do not own a house but
retired on superannuation. Employees, who ceased to be in the
services of the Bank due to VRS, CRS, termination, resignation
etc., are not eligible.
 The loan shall be availed in the name of the retired employee
and spouse and/or one or more major children.
 The property shall be in the name of the retired employee
and/or in the name of the spouse or jointly with one or more
major children.
Quantum  Officers (Scale-I and above) - `.30 lacs ,Clerical staff - `.18 lacs
and Sub-staff - .12 lacs
 NTH: 25% or `.5, 000/-, whichever is higher. If earning member
viz., son / daughter is joint owner of property / joint borrower of
loan, the income of such joint borrower may be reckoned for the
purpose of Net Take Home Pay.
 In case of need for loan beyond the eligible quantum as above,
such additional amount may be permitted under Housing Loan
Scheme for Senior Citizens, subject to compliance of scheme
guidelines.
Rate of  8.5% p.a. simple
 Under unforeseen circumstances of demise of the retired

Interest employee, the loan shall continue @ 8.5% provided the legal
heirs /joint borrower opts for continuation of Housing Loan, the
same may be permitted as per the original sanction terms or till
the notional age of 75 years of the deceased retired employee,
whichever is earlier.
Security  EMT of House property being financed.

 Personal Guarantee of all the legal heirs shall be available if loan
is in the name of the employee exclusively. This may not be
insisted if one or more of the legal heirs are joint borrowers to
the loan.
Margin  As applicable under General Housing Loans to customers
Repayment  Maximum 15 years (124 months towards principal + 56 months

towards interest) including repayment holiday of 1 to 18 months
depending upon the purpose of loan or till the borrower attains
age of 75 years, whichever is earlier. Recovery to be effected
through Standing Instructions / PDCs / ECS mandates.
Other  Nil Processing Charges
Features  Sanctioning authority : DGM circle office
Ref. Circulars  358/2015, HO Cir 601/2019
4. Gold Loans To Employees to Meet Escalation in the Cost of

Construction of House
Definition  Gold loans to employees to meet escalation in the cost of
construction of house
Eligibility  Staff having availed HL and there is escalation in project cost
Interest  As per HO Circular
Other  Quantum: 10 months gross salary with maximum Rs.15,000/-

Features  Sanctioning Authority: DGM of the Circle in whose jurisdiction the
property is situated
 Repayment: 60 EMIs
Ref. Circulars  MOI on Advances to Employee updated till 31.01.2019.

5. Gold Loan To Staff
Purpose  Other than „Agriculture‟ and „Loans to meet escalation in the cost
of construction of house‟.
Quantum  Max Rs .5000/-
Repayment  Repayable in 24 monthly installments.
Other  Non Priority Sector advance.
Ref. Circulars  Desk Card on Advances to employees updated upto 30/06/2006.
6. Car Loan scheme to Officers
Purpose  Loans under this scheme can be granted for purchase of brand-
new passenger motor car (four-wheeler) – car / van / jeep /
utility vehicles (SUV/MUV/LUV) or used passenger motor car
(four-wheeler) – of not more than 5 years old (either diesel or
petrol).
 Loans under this scheme are for purchase of passenger
car/vehicles for personal use only.
Eligibility  Officers confirmed in the services of the Bank.
 Physically handicapped officer employees will be eligible for car
loan for purchase of special motor car for physically handicapped
persons provided the officer has completed five years of
continuous service in the Bank;
 The net take home salary after providing for statutory
deductions, deductions to loans including proposed car loan, all
other deductions shall not be less than 30% of gross salary,
Quantum  Brand new vehicles: 95% of the cost of car which includes
insurance, registration and taxes subject to a maximum of
Rs.10,00,000/-.
 For purchase of used car: The maximum quantum of loan
amount for used cars shall be 80% of the value as per approved
valuation by the approved qualified automobile engineer or
actual purchase consideration/price or original price whichever is
least, subject to a maximum ceiling of Rs10,00,000/-
 Fresh loan/Second loan may be permitted even if earlier loan
is existing. Multiple vehicle loans can be permitted.
Interest  7 % Simple
Sanctioning  Divisional Manager of the concerned Circle Office.
Authority

Repayment  180 monthly installments (120 months towards principal & 60
months towards interest).
 This revised repayment period shall be applicable to new loans
(i.e. loan granted after 16.10.2015) and the repayment period for
existing loans shall be continued as hitherto.
 In case of used cars, the repayment is restricted to the residual
period i.e. the period till which RC is valid OR within the period
for which the motor car is likely to be roadworthy as certified by
the qualified automobile engineer.
 However, at the time of retirement (including voluntary
retirement), the loan can be continued at the option of the
employee for a further period of 10 years (120 months) subject to
the conditions that the total repayment period shall not exceed
180 months or the period opted by the officer.
 The above provision shall be applicable for existing loans also
where repayment period of 200 months is fixed.
 It should be ensured that the Net Take Home amount shall not be
less than 30% of gross salary.(132/2020)
 Continuation of limits/liabilities under car loan may be permitted
at the option of the employee on the Rate of Interest of car loan
Continuation scheme for officers employees for a period of 10 years (120
of liability months) from the date of cessation of the service or the ex-
after employee attainting the age of 70 years whichever is earlier.
retirement However, the total repayment period shall be within maximum
period permitted in the scheme, including the extended period of
10 years as above.
 The enhanced period for continuation of limits/liabilities from 5
years to 10 years shall also be applicable to the existing accounts
where continuation is already permitted for only 5 years, subject
to the condition stated above, on the specific request from the
ex-employee.
 As hitherto, DGM of the Circle shall continue to be the authority
to permit continuation of the loan.
Other  Employees can avail loans for both two-wheeler and passenger
Features car separately.
Ref. Circulars  268/09, 73/2013,198/13,503/15,479/2017, MOI on Adv to
employees updated up to 31.01.2019, 325/2019 132/2020
7. Car Loan scheme to Workmen Employees
Purpose  Loans under this scheme are for purchase of brand new passenger
motor car (four wheeler) – car / van / jeep / utility vehicles

(SUV/MUV/LUV) or used passenger motor car (four wheeler) –of
not more than 5 years old (either diesel or petrol).
 Loans under this scheme are for purchase of passenger
car/vehicles for personal use only.
Eligibility  Workmen employees who have put in minimum of 5 years of
service and whose Basic Pay is not less than `.15360/- (Xth
Bipartite). Wherever there is revision in Basic Pay due to
bipartite settlement, corresponding Basic Pay shall be reckoned.
 The net take home salary after providing for statutory
deductions, deductions to loans including proposed car loan, all
other deductions shall not be less than 30% of gross
salary(132/2020).
 Physically handicapped workmen employees will be eligible for
car loan for purchase of special motor car for physically
handicapped persons on par with other workmen employees.
Quantum  Brand new vehicles : 95% of the cost of car which includes
Rs.6,00,000/-.
 Used cars: The maximum quantum of loan amount for used cars
shall be 80% of the value as per approved valuation by the
approved qualified automobile engineer or actual purchase
consideration/ price or original invoice price whichever is least,
subject to a maximum of Rs.6,00,000/-.
Sanctioning Divisional Manager of the concerned Circle Office.
Authority
Interest 7 % simple.
Repayment  Entire loan along with the interest should be repaid in not more
than 180 monthly installments (120 months towards principal
liability & 60 months towards interest).
Continuation  Continuation of limits/liabilities under car loan may be permitted
of at the option of the employee on the Rate of Interest of car loan
limit/liability scheme for workmen employees for a period of 10 years (120
months) from the date of cessation of the service or the ex-
employee attainting the age of 70 years whichever is earlier.
However, the total repayment period shall be within maximum
period permitted in the scheme, including the extended period of
10 years as above.
 The enhanced period for continuation of limits/liabilities from
5years to 10 years shall also be applicable to the existing
accounts where continuation is already permitted for 5 years
only, subject to the condition stated above, on the specific
request from the ex-employee.

 As hitherto, DGM of the Circle shall continue to be the authority
to permit continuation of the loan.
Other  Fresh loan/Second loan may be permitted even if earlier loan is
Features existing. Multiple vehicle loans can be permitted. Employees can
avail loans for both two-wheeler and passenger car
separately.(132/2020)
Ref. Circulars  503/2015,479/2017 132/2020
8. Car Loan Scheme to Workmen & Officers
 Loans under this scheme are for the purchase of brand new
passenger motor car (four wheeler) - car / van / jeep / utility
Purpose
vehicles (SUV/MUV/LUV) or used passenger motor car (four
wheeler) –of not more than 5 years old (either diesel or petrol).
Loans under this scheme are for purchase of passenger car.
 Officers:
(i) All officer employees (including those under Probationary
period with a minimum of 6 months of service), who are at
present not eligible for car loan under Conveyance loan scheme
to officers.
(ii) In respect of those officer employees who are placed under
suspension, this facility should not be extended.
Eligibility  Workmen:
 In view of introduction of car loan scheme to workmen employees
at concessional rates of interest and better terms, loan facility
under this scheme shall not be made available to workmen
employees henceforth.
 In case of used vehicle, vehicle should not be more than 10 years
old from the Date of original registration. Min. NTH pay shall be
40% of gross salary after deducting the statutory and all other
deductions including the proposed motor car loan installment.
 Brand new vehicles: 80% of the cost of car which includes
Rs.10,00,000/-.
Quantum  For purchase of used car: The maximum quantum of loan
amount for used cars shall be 80% of the value as per approved
valuation by the approved qualified automobile engineer or
actual purchase consideration / price or original price whichever
is least, subject to a maximum ceiling of Rs.6,00,000/-
Rate of  During Probationary period Base Rate. On confirmation in the

Interest services of the Bank 8.5% (compounded monthly) (46/2017)
i) In case of brand new motor car, the entire loan amount together
with interest shall be repayable in not more than 180 Equated
Monthly Instalments (EMIs).
ii) In case of used motor car, the entire loan amount together with
interest shall be repayable within his/ her remaining actual
period of service OR within the period for which the motor car is
likely to be roadworthy as certified by the qualified automobile
engineer OR the period till which RC is valid whichever is less.
iii) Where the remaining service period of the employee is less than
Repayment 180 months but opts for repayment period of 180 months, the EMI
shall be fixed as if he/she is having 180 months service. However,
the outstanding liability, if any, with up-to-date interest should
be cleared by the employee from own sources or shall be
recovered out of terminal benefits on his/her retirement/
resignation, etc. .
iv) If the remaining period of roadworthiness is less than 180 months,
the above option(iii) is not available.
v) Repayment to commence from the month immediately following
the date of disbursement of the loan.
Sanctioning  DM of the concerned Circle office
Authority
Security  Hypothecation of the motor car purchased by availing loan under
this scheme.
Disbursement  Directly to the dealer/seller along with the margin amount
 An officer employee on reaching basic pay of `.19400/-, at the
specific request of the officer concerned, he/she may be
permitted to transfer the outstanding liability under this loan to
conveyance loan to officers for purchase of four wheelers (at
concessional rate).
 A workman employee, on his/her promotion to officer cadre and
on reaching a basic salary of `.19400/- p.m. and above, at
Other
his/her specific request, may be permitted to transfer the car
Features loan liability under the car loan scheme to conveyance loan
scheme to officers.
 The repayment period stipulated at the time of original sanction
is to be maintained.
 In case he/ she leaves the Bank, the loan shall be cleared or in
case sufficient proof of income on re-employment is available,
continuation on terms applicable to customers may be explored
on case to case basis.

 All other guidelines relating to conveyance loan scheme to
officer employees for purchase of four wheeler in so far as they
are applicable as specified in Manual of Instructions on Loans/
Advances to Employees shall be complied with.
 Liabilities in borrowal accounts of both officers/workmen
employees under this scheme may be converted under the car
loan scheme at concessional rates to officer employees and the
car loan at concessional rate of interest to workmen employees,
to the extent of eligibility.
Ref. Circulars  571/2014,503/2015, 46/2017
9. Two Wheeler Loan Scheme for officer and Workmen

Employees
Purpose  Loan can be granted for purchase of brand new vehicles
(excluding bicycles and mopeds) or used vehicles (excluding
bicycles and mopeds) of not more than 5 years old. In case of
purchase of used vehicles, the age of the vehicle will be
reckoned from the date of original registration of the vehicle
Eligibility  Officers:-All officers confirmed in the services of the Bank.
 Workmen: - All confirmed workmen employees in the services of
the Bank.
 For AEOS same will be permitted if no vehicle is provided by
the bank
Quantum  Brand new 2-wheeler: Rs 100000/- or 90% of the cost of the
vehicle whichever is less.
 For used 2- wheeler: Rs 50,000/- or 80% of the cost of the
vehicle (as appraised and certified by a qualified automobile
engineer) whichever is less.
 The life tax of the vehicle, registration charges and insurance
premium shall be reckoned to determine the quantum of the loan
in respect of two-wheeler loans.
Net Take  The net take home salary after providing for statutory
Home Pay deductions, deductions towards loans including proposed vehicle
loans all other deductions on the basis of his mandate/s lodged
with the Bank should not be less than 25% of his/her gross salary.
Interest  Up to Rs. 40,000: 7 % p.a. Simple
 Above Rs 40000: up to Rs 100000: 7.5 % p.a.
Repayment  The entire loan along with interest is to be cleared in 84 monthly
installments (66 months towards principal liability & 18 months
towards interest) or before the employee ceases to be in the
services of the Bank, whichever is earlier.

Ref. Circulars  210/2017,479/2017 and MOI updated till31.01.2019
10. „Special Vehicle Loan‟ scheme for purchase Of brand new two-
wheeler by employees of the bank during the probationary period
Purpose  For purchase of brand new two-wheeler
Eligibility  All probationary officers/ clerks who are on the roll and for whom
staff No. is allotted
Quantum  Rs.100000/-or 90% of the cost of the vehicle whichever is less. The
life tax of the vehicle, registration charges and insurance premium
shall be reckoned to determine the quantum of loan.
Repayment  Repayment period fixed at 84 EMIs. However, if the employee
Period wishes to have a shorter repayment period, the same may be
considered
Interest  Rate of interest 1 Year MCLR +0.25%
Margin  10%.
Other  His/ her net take home salary after providing for statutory
Features deductions, deductions to loans, if any, including proposed vehicle
loan, all other deductions on the basis of his/ her mandate lodged
with the Bank shall not be less than 40% of his/ her gross salary.
 Probationary Officers on confirmation in the services of Bank, may
opt for conversion of loan under this scheme to staff LHV scheme.
 Similarly, probationary clerks on reaching Basic Pay of Rs.8400/-
may opt for conversion of the loan to staff LHV scheme.
 Stipulation to note lien on caution deposit obtained from Pos as
additional security to the loan for purchase of brand new two-
wheeler is waived.
 Only one two-wheeler shall be purchased out of the loan. In other
words, employees are not permitted to purchase 2 two-wheelers
within their entitlement.
 Branch In charge is the sanctioning authority
Ref. Circulars  434/2013, 72/2014,142/2016 and MOI on Advances to employees
updated till 31.01.2019
11. Agriculture Loans To Employees of the Bank
Purpose  Development, cultivation of crops – Purchase of tractors, tillers

etc.
Eligibility  Confirmed in services, landed property should have been
inheritied, land allotted prior to joining the bank and cultivation

should be carried on either by hired labour or by employees
family.
Margin  Upto Rs.2 Lakh – Nil, Beyond Rs. 2 Lakh- 15-25%.
Security  Without Mortgage-Upto Rs.2 Lakh. Beyond Rs.2 Lakh, Mortgage.
Interest  As per HO circular.
Other Criteria  Not given for allied activities like Dairy, Poultry etc.
 Loans to be sanctioned by Divisional Manager of Circle Office
Ref. Circulars  Manual of Instruction on Agricultural Finance.Cir 12/01.
12. DUAL
Purpose  To purchase any durable utility article
Eligibility  All confirmed employees are eligible.
Interest  As per HO guidelines

Other  Quantum is Rs 15000.00
Features  Loan has to be closed once the employee avails DPN or Clean OD
Ref. Circulars  MOI ON ADVANCES TO EMPLOYEES UPDATED TILL 31.01.2019
13. CANARA BUDGET

Purpose  To purchase permitted educational books
Eligibility  All confirmed employees who have completed
Interest  As advised by HO
Other  Quantum is Rs 15000.00
Features  Loan has to be closed once the employee avails DPN or Clean OD
14. Loan against Approved Securities

Purpose  Consumption loan against approved securities
Eligibility  All employees
Permitted  Life Insurance Policies – Min 5% Margin on Surrender Value

Securities and  Postal Insurance Policies – Same as above
margin  NSC -20% Margin on Face Value
required  KVP-20% Margin on Face Value
 Mutual Fund Units- 25% on NAV
 Demat Securities – 50% on Market Value

 Govt Promissory Notes- 5% on Market Value
 10.5% National Deposit Receipts -20% Margin Value
 Our Deposits- Loan up to 3 lakh 5% and above 3 lakh as applicable
to customer
7. DIGITAL PRODUCTS
1.01 Personalised ATM Cum Debit Cards

Eligibility  Eligible Accounts: - Individual accounts, Joint Account with
operation severally, Joint Account with operation Jointly with
Two Joint Signatories, Employees, ex-employees, P.A./Mandate
holder, NRI, Minor students who are aged 10 years and above,
illiterate customer.
 Ineligible Accounts :- Joint Accounts where operation condition is

„Jointly‟ with more than two joint signatories, Accounts of all
minors below the age of 10, Accounts under
Garnishee/attachment orders or which are subject to
litigation/dispute, Encumbered accounts, Overdraft accounts with
inventory limits like Cash Credit Accounts and other Loans.
Activation/  First usage at ATM / POS in India where the transaction is
Hotlisting/ authorized through PIN authentication is mandatory for Debit Card
Blocking activation. (349/2016).
 Debit card holder can generate/regenerate PIN through GREEN
PIN / FORGOT PIN option of our Bank ATM.
 Maximum number of invalid PIN retries is 3 only. After this, the
card is blocked and is reactivated only after Midnight 12.
 Cards can be temporarily blocked or Hotlisted through our
CanDi(Canara Bank Mobile Banking App) and MServe Applications
also.
 Ways to Hotlist Debit Card:
 Call Toll Free Number 1800-425-0018
 Internet Banking – Card Option
 Candi Mobile Banking app- Manage Cards
 Send SMS to 9266623333 from your Registered Mobile number as
follows: CAN <space> HOTLISTDC <space> CARD NUMBER (16
digits)
Validity&  5 years.

Renewal  Auto renewal only for active cards i.e. cards used at least once
for financial /Non-financial transaction for the last 1 year
Features  Account holder‟s name will be printed on the Card
 Cash Limit: Any number of transactions with per day per card
limit of Rs.40,000/- for Standard / Classic & Rs.50,000/- for
Platinum/Business Cards.
 Purchases at Merchant locations through POS/ Internet: Any
number of transactions per day per card subject to a maximum of
Rs.1,00,000/- for Standard / Classic & Rs.2,00,000/- for
Platinum/Business Cards.
 Cash withdrawal at POS : Maximum Rs.1,000/- per card per day at
Tier-I& II cities and Rs.2,000/- per day at Tier-III to VI cities.
 Name to be printed not to exceed 19 characters including space
 SMS alerts will be sent for all transactions
 For Joint Accounts with “Jointly” operation condition, debit card
can be used for the purpose of cash withdrawal only
 All Debit Cards, both new / renewed cards, issued to customers
have to be EMV Chip & PIN based cards only
 To be issued through Integrated Debit Card Package in SAS
 Cards dispatched directly to customer‟s address
 PIN mailers discontinued except for PMJDY, BSBD, Small Value
Account and NRE accounts
 CMS01 i.e. linking of cards will be centrally done except for the
product codes 103,108,119,127
 Facility to pay Direct Taxes through Debit Card
introduced(599/2019)
Ref. Circulars  143/13,660/2013,675/14 , 590/14, 226/13, 166/12,13/12, 134/15
,195/16, 7/17,599/2019,15/2020,74/2020,128/2020,
1.02 Non Personalised – ATM Cum Debit Cards

Purpose  Name less card which can be issued instantly to all eligible
existing and New customers over the counter
Other  Same as personalized debit cards
Features  Instant Activation on Linking in CBS (224/2019)
 To be indented through SAS Package
Conditions  Card should not be issued where the printed validity period
expires in next 6 months
Ref. Circulars  301/09, 180/2010, 349/2010, 622/2013 , 574/2016, 224/2019
1.03 Canara Campus Card

Purpose  Canara Campus Card is a variant of Debit Card issued to the
students.
 It is issued co-branded with reputed Educational Institutions
 Can be issued to minor students who are studying in 8th standard
and above and who have attained the age of 13 years & above.
Point of Sale  Bank will provide rent-free Point of Sale Electronic Data
Capturing Machine (POSEDC) at the Campus of the College.
 No merchant commission will be collected from the Institutions
where the Canara Campus Cards are used at the POSEDC
machines provided by us.
Usage  The Canara Campus Card can be used like any other normal Debit
Card besides using it to pay College Fees
Requirement  The Student and the Institution shall open an account with the
core banking branch of the bank
Ref. Circulars  79/2011, 216/2012, 369/2015.
1.04 Global Debit Cards

Global usage  International Debit Cards are issued with EMV compliant Chip and
PIN. These cards are valid for global usage and are issued only on
special request by the applicant. Foreign currency transactions
are not allowed in Nepal and Bhutan.
Forex charges  The transactions done in foreign currency will be converted to
Indian Rupees at the designated currency rate of Visa/MasterCard
as the case may be duly loading a mark up fee up to 3% to cover
fluctuations in cross currency rate between the time the
transaction is done & payment is settled. Account is debited in
Indian Rupee only.
Per day Limit  Rs. 40,000 (or rupee equivalent in the case of foreign exchange
transactions)
Ref. Circulars  92/2008,608/2013
1.05 Canara Business Debit Card

Features  Premium Global card issued only in Master Card variant and
meant for all Current account customers/ MSME customers
 Current and Overdraft Accounts with constitution Individual and
Proprietorship only are eligible
 No Entry or Annual Fee
 Rs. 300 Inactivity Fee if Annual Turnover is less than Rs. 50,000/-
Benefits  Complementary Insurance Cover: Lost Card liability up to Rs. 5

lakhs covered from the time of intimation to the Bank, in excess
of 1% of the claim amount or Rs.2000 which is higher.
 Misuse of Counterfeit Cards for Internet Banking: Up to
Rs.20,000/-,Purchase Protection & Baggage insurance Rs.25000/-
 Misuse of Counterfeit Cards for Purchase of Air Tickets on the
Internet Banking: Up to Rs.50,000/-
 Cover for Risk of Death due to Accident – Air
Card holder Rs.8.00 lakhs ,Spouse Rs.4.00 lakhs
Cover for Death due to Accident – Others
Card holder Rs.4.00 lakhs , Spouse Rs.2.00 lakhs
1.06 Canara Platinum Debit Card

Features  Platinum Debit Card is a premium Debit Card variant to cater HNI
& premium customers
 Not for Specified category accounts i.e. BSBD/PMJDY Accounts
 Annual Fee of Rs. 200/- + GST
Benefits  Complimentary Insurance Benefits
Lost Card liability limited upto Rs.5 lakhs from the time of
intimation to the Bank.
Baggage Insurance & Purchase Protection up to Rs.25,000/-
Cover for Death due to Air Accident:
For self Rs 8.00 lakhs, For spouse Rs 4.00 lakhs
Cover for Death due to other than Air accident:
For self Rs 4.00 lakhs, For Spouse Rs 2.00 lakhs.
 Nil Inactivity Fee
 Periodic offers from Network associates like cash backs,
discounts, gift vouchers etc
 8 complimentary airport lounge access (2 per quarter) are
available in RuPay Platinum & MasterCard Platinum Cards. *
*Lounge access is provided by network associates and is liable to
change without prior intimation
Daily Limits  Daily Cash Limit Rs.50000/-, Daily purchase limit of Rs.2 lakh
Ref. Circulars  81/2011,714/2014,101/2016,298/2019
1.07 Canara Visa PayWave Platinum Debit Card

Features  Visa PayWave is a new technology available on the Canara
PayWave Cards that allows contactless payments (Tap & Pay)
 The cardholder can simply wave the card on the POS terminal (at
a 4 cm range) to pay up to the threshold limit . No insert/swipe is

necessary as cards are enabled with Visa PayWave technology, in
POS terminals enabled for contactless payments
 No Enrolment fee
 If Annual purchase is below Rs.50,000/-,Inactivity Fee of Rs. 500/-
Usage validity  It is domestic card, with dual Interface NFC Technology card.This
&variants card has chip based contact as well as contactless Debit Card.
Transactions  Maximum amount that can be transacted is Rs. 2000/- per
occasion with a maximum of 5 transactions per day through
contactless mode.
 Transactions through contact mode (through insert/swipe) with
PIN authentication are as per the extant guidelines, i.e. up to Rs.
2, 00,000/- per day for Platinum Debit cards.
Ref. Circulars  635/2016,321/2017
1.08 Canara RuPay Select Debit Card

Features  Super Premium Variant of RuPay Card for elite customers
 Not to be issued to PMJDY, BSBD & Small Value Accounts
 Annual Fee of Rs. 1000/- + GST (applicable to staff also)
Benefits  Complimentary Insurance Benefits
Accidental Death & Permanent Total Disability
Insurance Cover by NPCI – Rs. 10 Lakhs
Cover for Death due to Air Accident:
For self-Rs 8.00 lakh, For spouse Rs 4.00 lakhs
Cover for Death due to other than Air accident:
For self-Rs 4.00 lakhs, For Spouse Rs 2.00 lakhs.
Baggage Insurance & Purchase Protection up to Rs.25,000/-
 Various Complimentary Services like access to spa, lounge ,
health services etc.
 Complementary Domestic & International Lounge access*
Daily Limits  Daily Cash Limit Rs.50000/-, Daily purchase limit of Rs.2 lakh
2. Canara PrePaid Cards ( Classic & Plus Variants)

Purpose Utility Bill Payment / Travel Card/Payroll/DBT
Scope of Use Card is meant only for domestic usage and denominated in INR only
Eligibility  Classic Variant - The Card will be issued to our Customers with
Full KYC only.
 Plus Variant - Our Customers with Fully KYC. Corporate /
Government Departments who will be issuing cards to others to
furnish full details like Name, Address, Mobile Number, Date of

Birth, copy of KYC Document etc
Minimum &  Load Amount
Maximum  Minimum– Classic - No minimum Amount , Plus- Rs. 100
 Maximum–Classic- Rs. 10000/- , Plus – Rs. 50,000/-
 In multiples of Rs.1/-
 Cash Withdrawal – ATM :-
Classic – Minimum – Rs. 100/-
Maximum – The amount in the card
Plus–Minimum – Rs. 100
Maximum – Rs. 40,000/-
POS :- Maximum Withdrawal Amount: Rs.1000/2000 at Tier I to
II Centres /III to VI Centres respectively
Validity  3 Years
Fees  Issue :Classic :Rs.50+ GST , Plus : 100 +GST
 Load/Reload : Rs. 20/- + GST
 Cancellation/Redemption – Rs. 50 + GST
Others  No interest is payable on the balances held in prepaid card
account.
Ref. Circulars 673/2016,702/2016,734/2016,16/2017,83/2019
3. Canara Gift Card

Purpose  Domestic Card which can be given as a Gift instead of cash
Eligibility  All Customers with Full KYC Compliance. Beneficiary details to be
furnished with Mobile Number
Features  Minimum Rs.500.00 and in multiples of Rs.1.00 upto Rs. 10000
 Not reloadable
 Validity of 1 Year
 Only PoS & other digital payments, No Cash Withdrawals
 Cash out or refund or funds transfer not permitted
 Issue Charge : Rs. 50 + GST
 Load Charges : Rs. 20 + GST ( No Reload)
Ref. Circulars  673/2016,702/2016,734/2016,16/2017,
134/2018,435/2018,83/2019,345/2019,131/2020
4. Canara Bank International Prepaid Travel Card

Purpose  It is a Non Personalised International Prepaid Card Version 3.0
Features  A non personalized EMV CHIP Card with PIN/Signature
 Can be issued only at designated branches
 Up to seven currencies viz.USD, EURO, GBP, AUD, CAD, SGD, AED
can be loaded in a single card.

 The card cannot be used in India, Nepal, Bhutan, North Korea,
Cuba & Iran. The list of exempted countries may vary as per RBI
guidelines
 Where the card is used for transactions in a currency other than
currency available in the card, cross-currency rates at VISA/
MasterCard / NPCI specified rates may be applied
 The cardholder shall solely be responsible for compliance with
FEMA, AML and CFT guidelines or any other regulatory guidelines
issued from time to time
 The Canara International Prepaid Travel Card kit contains two
cards & respective PIN mailers. One is primary card & the second
one is back up card. In case the cardholder lose/misplace the
primary card or the primary card is damaged, the Backup card can
be activated through ECS package/or calling call centre/by
logging in to the Customer portal provided in our Banks website
 A web package (ECS package) is provided to the designated
centres‟ for end to end handling of this card variant viz. card
issuance, activation, loading, reloading, refund & cancellation of
the card.
 Load /Reload have to be debited to the party‟s SB/CA/OD or EEFC
Accounts.
 In case load/reload on the days when Ratex is not published by
Treasury Wing, previous dates rates to be taken.
 Minimum & Maximum amount of load per individual during a
calendar shall be as per the RBI / FEMA guidelines
 Validity is 5 Years
Ref. Circulars  117/15,56/2016,198/2016,222/2016,256/2016,139/2017,84/2019
5. Canara Easy Cash – Instant Money Transfer Through ATMs

Purpose  Instant Money Transfer through ATM to resident beneficiaries who
do not have access to formal banking channels
Benefits  Send and withdraw cash at anytime, anywhere in India (24*7).
 Beneficiary need not have any Debit Card.
 Instant sending of money.
 Instant withdrawal of money.
 Safe and secure way of transfer of money in India round the clock
Features  It is instant money transfer service (IMT) that allows our
customers to send money through our bank ATM to any
beneficiary having mobile phone at any time 24*7.
 Beneficiary need not necessarily be a customer of any bank.
He/She can withdraw money through ATMs of our Bank without

any Debit Card.
 Amount per transaction:- Minimum- Rs. 100, Maximum -Rs.5000/-
 Maximum Monthly limit per remitter is Rs. 25000/-
Ref Circulars  568/2014
6. BHIM AadhaarPoS
Purpose  BHIM Aadhaar POS (Mobile app) is a digital payment solution
provided by Canara Bank to the Merchants (maintaining an
account with our Bank) through an app that can be downloaded
on an android based smart phone to which a biometric/ finger
print scanner is attached. The app can be used by the Merchants
to accept payments from their Customers using the authentication
of Customer‟s Aadhaar credentials
Eligibility  Following CASA Accounts are Eligible
 Individual account
 Proprietorship account
 Joint account – JOO or JOF only
 Merchant ( Our Bank Customer)
 Account should be minimum 6 months old. In case of exceptional
circumstances, this can be relaxed at Semi Urban/ Rural centres
by the Branch In-charge.
 Should have his/ her Aadhaar number seeded in the account
 An android (version 4.4 and above) based smart phone with data
connectivity
Biometric  The biometric device can be purchased by the Merchant from the
device agent ( M/s Integra)
procurement  The device can also be procured from the list of 7 vendors
empanelled by UIDAI
 Rent of Fingerprint Scanner – Rs 50.00 per month
Transaction  Per Transaction Limit – Rs.10,000.00
Limit  Daily Transaction Limit for a Customer – Rs.10,000.00
 Weekly Transaction Limit for a Customer – Rs.50,000.00
 Daily Transaction Limit for the Merchant – Rs.50,000.00
 Weekly Transaction Limit for the Merchant – Rs.200,000.00
Ref Circulars  272/2017,3/2018,45/2018,72/2018,217/2018
7. Visa Money Transfer Fast Funds (VMTFF)
Features/  A facility for Canara Bank Debit Card issued in association with
Visa International for inbound cross border money transfer

Purpose facility.
 Only personal remittances from overseas are allowed to the
credit of the Cardholder‟s account linked to the Visa Debit Card
in India. The remitter and beneficiary should be individuals only
Other  Amount will be credited within 30 minutes of receipt of message
Features at our ATM Switch.
 Full KYC is mandatory.
 NRE accounts are not eligible.
 Credit Cards are not eligible.
 Entire operation is system driven.
Limit  Transaction amount limit is USD 2500 per remittance and
maximum 30 transactions per calendar year are allowed for a
beneficiary. NRE accounts are not eligible under this scheme
Scheme  Debit Card should be valid and the card should have been issued
Details in full compliance of KYC norms.
 Outbound Cross border remittances and also inbound cross border
remittances to Credit Card account are not allowed.
 Funds will be credited to the beneficiary‟s account linked to
Debit Card within 30 minutes of receiving the message.
 Our bank earns incremental interchange of US$ 0.80 per
transaction.
 There is no need for the beneficiary to visit the branch, fill up
forms or carry documentation as in the case of other money
transferschemes and gets access to money within minutes.
 Presently this facility of remittance is available in the following
Banks:
 UAE: Any UAE Exchange outlet
 Singapore: Program launching soon with a leading bank
 China: ICBC Bank (Net Banking)
 Russia: JSC Russian Standard Bank, Commercial Bank, Moscom
Privat Banke. Kazakhstan: Kazkommerts bank, JSC Halyk Savings
Bank of Kazakhstan.
8. Real Time Gross Settlement ( RTGS )

Definition  Real Time Gross Settlement is payment method for payments of
/ Purpose Rs. 2 Lakhs and Above
 Our bank is “A” type RTGS member and Y Shape structure.
 Funds and Investment (F&I) Section Mumbai is the gateway.
 RTGS-PI (Participant Interface) is installed at F & I section.
 Each branch has been allotted an INDIAN FINANCIAL SECTOR CODE
Timings  Customer Transactions – 7.00 Hours to 18.00 Hours

 Interbank Transactions – 7.00 Hours to 19.45 Hours (Cir 432/2019)
Returned  If it is not possible to credit the funds to the beneficiary
Messages customers‟ account for any reason e.g. account does not exist,
account frozen etc, Funds to be returned to the originating RTGS
member bank branch within 30 minutes of receipt of the payment
at the PI (Participating Interface i.e. Funds and Investment
Section, Mumbai) or before the end of the RTGS Business Day,
whichever is earlier, by way of R42 message format (Cir 210/09,
436/2016).
Compensation  In case of any delay in providing credit to the beneficiary‟s
for Delayed account and in returning payment to the originating member bank
Credit branch, the branch will be liable to pay :-
 Delayed credit to the beneficiary REPO Rate +2%
 Delayed return to the sending bank REPO Rate + 2 % (318/2014)
Message  The return payment has to be sent by the branch as a fresh
Format interbank payment (IFN 298R42).
 RTGS customer transactions through IFN 298 R41 message format
Ref Circulars  402/2013,615/2013,654/2013,436/2016,704/2016,41/2019,
313/2019,432/2019
9. National Electronic Fund Transfer - NEFT

Purpose  Electronic Fund Transfer with no upper limit & lower limit
 Fund Transfer through Account
 NEFT through Cash remittance upto Rs.50,000.00 ( Cir 228/2019)
Settlements  24*7 on all days including holidays from 16/12/2019 with 48 Half
Hourly settlements
Penalty for  Delay in credit to Party‟s Account or delay in refunding the NEFT
late credit amount to remitting bank branch, penal interest payable is RBI
LAF Repo + 2%. Uniform penal interest applicable to all electronic
remittance.(cir 359/10).
Return Time  Return the inward NEFT within 2 hours (B+2) of completion of the
batch it is received.
 Account Entry Failed [AFD] Transactions in NEFT.
 Generate / review the report BA121 under option 7775 and also
PM10 in Flexcube at regular intervals and immediate decision
should be taken either to credit the amount to beneficiary‟s
account or return to the Sender Bank if the message is not
pertaining to the branch.” (214/2014)
Other  Our Bank uses SFMS as the NEFT message carrier.
Features  NEFT Bulk Upload of Outward message through GEFU Upload
utility through ST045 & BA451 option.

 Walk in customer can remit through NEFT up to Rs. 50000/- by
paying cash.
 NEFT Credit Transaction In CASA Dormant Account Enabled.
(200/2014)
 Old Transaction data is available through Business Object Report
110023 and 110024. (535/2013)
 NEFT Transactions of Rs.10 lakhs and above will be considered as
High Value transactions. Two authorizers are required to send
High Value NEFT transactions
 Indo Nepal Remittance Facility :-
 One-way remittance facility by Nepalese migrant labourers only
 Transfer of funds up to Indian Rs.50, 000/- to Nepal.
 Walk-in customer permitted uptoRs.50, 000/-.
 Maximum of 12 remittances in a year.
 Nepal SBI Ltd has tied up with a money transfer company (M/s
Prabhu Money Transfer Pvt Ltd) in Nepal, who would make
arrangements for delivery of cash to the beneficiary in Nepalese
Rupees (230/2008, 54/2009, 321/2011)
Ref Circulars  85/2006,230/2008,54/2009,104/2010,321/2011,414/2013,615/20
13, 53/2014, 200/2014,214/2014, 212/16, 347/17, 228/2019,
313/2019, 622/2019, 650/2019
10. Internet Banking

Purpose  Facilitates easy and secured access to account information at any
time from any part of the world through internet on 24x7 basis
Eligibility  Net Banking – Retail:
a. Any running account of individual/s including Staff, NRI and
Minor represented by Guardian, Minor Above 10 Years.
b. Joint Account/s where operation condition is severally - Joint or
First (JOF) or Joint or others (JOO).
c. Visually challenged persons can access the Net Banking services
using screen reading software and Braille Key board.
 There are 2 version of Retail Net Banking. Retail Lite& Retail
General. Lite is a simplified version with basic features.
 Net Banking – Corporate :
a. Proprietorship firm.
b. Partnership concern.
c. Joint Stock Companies (Both Public and Private).
d. Societies/ Club/Associations/Co-operatives.
e. Government Bodies.
f. Hindu Undivided Family (HUF)

g. Trusts
Ineligible  Joint accounts where operation condition is other than severally.
Accounts  Account/s of illiterate persons.
 Account/s under Court orders/Attachment orders.
 Dormant account/s.
 Frozen account/s for various reasons like disputes, litigation etc.
 Any other accounts not included under eligible accounts category
Facilities  Our Bank has enabled online enrolment, unlocking, activating,
and generating Login and Transaction Passwords for Retail Net
Banking facility. Having active Debit Card is mandatory for the
customer for online enrolment and generating Transaction
Password. Corporate Proprietorship customers having active debit
card can also avail the above mentioned facilities
 Customers can have the following facilities with the help of his
User ID, Login Password and Transaction password :-
 View account details – CASA, TD, and Loan Accounts.
 Display RD Account Details, RD Account Activity, RD Account Mini
Statement, RD/DHANVARSHA A/c Opening
 Query account activities – CASA, Loan A/c and other queries.
 Online Financial Transactions – Intra bank funds transfer and
Inter bank Funds transfer (NEFT/IMPS/RTGS).
 IMPS TRANSFER
 DEMAT Account details
 View/Update AADHAR No.
 Stop Payment Instructions
 Online Payment – Tax Payment
 Other utilities – Bill Payments.
 Online Fixed Deposit (FD) opening.
 Canara Insta Deposit Loan (upto 75% or Rs. 10 Lakhs) on FD
opened online (CIDL)
 Toggling (Switch off/Switch on) Financial Transaction Facility is
available to Retail Internet Banking Registered users.
 Temporary activation/deactivation of Debit Cards
 Setting of ATM/PoS limit for Debit Card
 Instant generation of Debit Card
 In addition to PAN number and Passport number as validating field
,Aadhar number and debit card number can be used for
unlocking/activation of User ID and for resetting of login
password.
 Registration for Pass Sheet through email in Net Banking
(357/2012)
 Calls by the customers relating to Net Banking to Toll Free

number 1800 425 0018.(241/2014)
 Hotlisting of Debit Card (30/2014)
 Standing Instruction for credit to Loan Accounts.
 Net Banking Corporate – View/downloading of transactions (Max
500 Txns, Period 6 Months) (651/2013)
 Cheque Book Request
 Cheque Book Request Through ATM, Net Banking And Mobile
Banking Facility Enabled For SB Customers.(644/2013)
 Offline OTP based transaction is enabled.(Cir 282/2018)
 Validity of pass word: ONE YEAR.
 If user id is created through branch admin module, user id and
password can be sent through SMS to the user(128/2019 )
 Creation of USER ID at the choice of the Customer (283/2013)
 User ID will be locked after a period of 6 months, if the user has
not logged in for a period of 6 months continuously (User
Hibernation).
 CanDigital Software Token which is implemented for users is safe
and secure method to access corporate internet banking. It
ensures that customers are always connected to the correct site
and protects them from hacking /malicious programs.
 Waiver of CANDIGITAL (Undertaking Letter Cir 293/2013)
 Digital Signature Validation for Corporate Net Banking
transactions (191/2014)
Transaction Facility Retail Corporate
Limit Funds Transfer - Own Account No Limit No Limit
FundsTransfer- IntraBank - 3rd Party Rs.5,00,000 Rs.2 Crores
Funds Transfer – Inter Bank – RTGS Rs.5,00,000 Rs.2 Crores
Funds Transfer – Inter Bank – NEFT Rs.5,00,000 Rs.2 Crores
Funds Transfer - Bulk Rs.5 ,00,000 Rs.5 Crores
Bill Payment Rs. 2,00,000 Rs. 30,00,000
Amount can be enhanced by the customer upto Rs.10.00 Lakhs for which
option is available in the package itself.
Corporate customers will have to visit Branch for the enhancement of their
existing limits as mentioned in cir.494/2018.
Ref Circulars 425/2010,19/2010,334/2012,293/2013,283/2013,30/2014,90/14,191/
2014,241/2014,704/2014,141/2015,145/2015,524/2017,163/2017,282
/2018,284/2018,494/2018,553/2018,113/2019,128/2019,439/2019
11. National Automated Clearing Service
Features  Single debit to customer‟s account at sponsor bank and multiple

credits to different destination bank‟s account.
 RBI in line with the strategy to exit from Retail Payment
Operations has shifted this functionality to NPCI through National
Automated Clearing House (NACH) with feature and utility similar
to ECS which is referred to as Sponsor Bank Credit and
mandated all the Clearing Houses along with NACH credit as
Destination Bank, ACH Credit, ACH debit, EBT credit, APB credit
which are functioning in our Mumbai Clearing House and H.O, DIT
Procedure  The customers intending to avail the bulk and repetitive credit facility
under NACH credit have to register with NPCI( National Payments
Corporation of India) and obtain user code. The duly filled up application
as per cir 169/15 has to be submitted to the Branch/Accounts
Section/Clearing Section where the customer intends to avail the facility.
The said application is to be forwarded to NPCI at the email id
ach@npci.org.in by the office concerned and user code thus obtained on
behalf of the customer and is to be intimated to the customer. The
customers who have already been registered under the RBI scheme shall
continue with the same user code. However, the same user code to the
reregistered with NPCI under NACH by the branch/office concerned
through the E mail provided.
 Introduction of package for recovery of monthly installment sin respect of
Retail loans instead of PDCs. Branch has to obtain Mandate from the
customer in the prescribed format as per Cir 230/2016 . It has to be
scanned through CTS scanners and uploaded to Mumbai Clearing Section
. They will download files and upload it again to NPCI under NACH.
Ref. Circulars  169/2015,230/2016
12. Online Trading Facility (OLT)
Purpose/  This facility is being extended in association with our wholly

owned broking subsidiary M/s Canara Bank Securities Ltd through
Features their trading portal “CANMONEY.IN” and “CANMONEY” app for
the purpose of online trading.
 Clients need not write cheques to cover their payment
obligations nor tender delivery instructions for transfer of sold
securities.
 The sale proceeds are credited online to the account of the client
Eligibility  For availing OLT facility, a client should have an operative Bank
account with one of our CBS branches, a depository (DEMAT)
account with our Bank and a Trading Account with our broking
subsidiary viz., M/s CBS Ltd, Mumbai.

 The Bank account, DEMAT account and trading account of the
client are integrated for extending hassle free platform to the
client for trading in securities. The client, all by himself, will be
able to trade in securities by logging on to the trading portal of
M/s CBS Ltd viz., “canmoney.in” or “Canmoney” app, from
“ANYWHERE” and “AT ANY TIME”, by allocating funds /
securities. After the transactions are put through, online transfer
of funds / securities automatically takes place seamlessly.
Ref. Circulars 71/2008, 195/09
13. Depository Participant Services (DEMAT Account)
Features  A Depository is an organization which holds investors' securities in

electronic form. The depository also provides services related to
various transactions in such securities. A depository interfaces
with its investors through Depository Participants. Depository
Participants maintain investors' accounts (DEMAT accounts) which
are similar to Savings Bank/Current accounts with a Bank.
Purchase and sale of securities can be done through DEMAT
account. Presently there are two depositories in India viz., NSDL
(National Securities Depository Limited) &CDSL (Central
Depository Services Ltd).
 Our Bank is a Depository Participant of NSDL.
 Now the bank has provided the facility to open DEMAT Accounts
through Internet Banking as well as Mobile Banking (CANDI)
14. Online Tax Accounting System (OLTAS)
Purpose 
Direct Tax Collection data from collecting branches is sent to
nodal branches for onward transmission to Tax Information
Network of NSDL through Link Cell, Nagpur through OLTAS
software.
Nodal Centre  Funds details are also transmitted through the system for
crediting tax collections to Central Accounts system (CAS) of RBI,
Nagpur.
Acknowledge-  Counter foil to be given to taxpayer can also be generated from
ment the system. Challan Identification Number (CIN) comprises of the
following:
 BSR Code number of the bank branch (7 digits)
 Date of presentation of the challan (DD/MM/YY)
 Serial number of the challan in that branch on that day (5

digits)
Mode  OLTAS Package is now available on SAS Package
Ref. Circulars 235/2011,373/2014, 344/2015, 196/2019, 360/2019
15. CANDI – Mobile Banking Application (Erstwhile Canara Mobile)
Purpose  A Mobile Phone based application to access accounts through

Mobile. Another Tech based platform to serve customers better.
Eligibility  Eligible Accounts :-
 CASA accounts – Savings Bank, Current Account, Overdraft
(Individual self-account only including Non Resident Accounts)
 Joint Account/s where operation condition is severally - Joint or
First (JOF) or Joint or others (JOO).
 Ineligible Accounts :-
 Joint accounts where operation condition is other than severally.
 Accounts of illiterate persons
 Accounts of Minors
 Accounts of Visually Challenged Persons
 Letter/Power of Attorney holders
 Accounts of HUFs, Trusts, Clubs and Associations.
 Accounts under Court orders/Attachment orders.
 Dormant accounts.
 Corporate Accounts
 Frozen accounts for various reasons like disputes, litigation etc.
 KYC non-compliant accounts
 Any other accounts not included under eligible accounts
category.
Features  Can be accessed through all Android and IoS operating system
based smart phones. Users have to download it from Google Play
& store for Android phone or the App store for an iPhone.
 Limits of Funds transfer
Facilities USSD :- Per Txn:Rs. 5000/- , Per Day : Rs. 5000/-
GPRS /WAP :- Per Txn : Rs. 2 Lakh, Per Day : Rs. 2 Lakh
 Fund Transfer within our bank
 Fund Transfer to other Banks via IMPS , NEFT and RTGS
 Cardless cash transaction through Canara Bank ATMs with a
minimum Rs.100.00 and maximum Rs.5000.00
 Account statement enquiry ( last 10 transactions)
 Balance enquiry, Cheque Book request

 Make Bookings of Bus, Flights, Cabs and Hotels
 Recharge of Mobiles and DTHs and pay utilities like Telephone,
Electricity, Gas, Water, Broadband, DTH, etc through Bharat Bill
Payment System.
 Do transactions in Government Schemes like NPS, PPF, APY , etc.
 Facility to block your Canara Debit or Credit Cards
 Pay bill of your Canara Credit Card
 Pay Using Bharat QR Code
 BHIM UPI Application is also integrated to the package now.
 Open Fixed and Recurring deposit accounts
 Open DEMAT account
 Apply for Loans via OLTS
 Link to other applications/sites like Diya, Direct Tax, Aadhar
Authentication, Geo Locate, SMS Banking
 The user may login with either a 5 digit preset pass code or using
your Thumb impression or face if the phone is enabled with it.
 For fund transfers , user has to enter a preset 6 digit MPIN to
confirm the transaction.
Ref. Circulars  166/2011,174/2013,444/2013,267/2014,146/2015,464/2017,
194/2019
16. ASBA – Application supported by Blocked Amount
Purpose  Enable customers to apply for IPOs through this facility instead of
sending Cheque or Demand Draft.
 The facility is available in our Internet Banking .
SEBI  Our Bank has been enlisted by SEBI as Self Certified Syndicate
guidelines Bank [SCSB] and as per the guidelines our Bank can act as an SCSB
for Capital Issue
How it works  Customer can apply to an IPO through ASBA where the money
equivalent to the applied number of shares will be blocked in the
account. The money will be debited to the account only if he/she
allotted the shares. The customer will get interest for the amount
lying in the account. If the shares are not allotted, the amount
immediately get released and customer can use it .
Earn interest  If an investor is applying through ASBA, his application money shall
on be debited from the bank account only if his/her application is
Application selected for allotment after the basis of allotment is finalized, or
money when the issue is withdrawn.
 The blocked amount will earn interest and hence the customer
need not suffer any interest loss.

 The applicant need not wait for refund order if there is no
allotment of shares. Simply the block will be released. So that the
applicant can make use of the application money.
Eligibility  All the Internet Banking customers can use the facility.
 Branch has to enable the facility to the customer.
 The intending investors need not have their DP Account with our
Bank to use ASBA facility with us.
Controlling Br  Capital Market Services Branch, Mumbai
Package  New System - for IPO - Against Blocked Amount (NSYABA) –USER
GUIDELINES
 NSYABA and SMS modules are provided to the Controlling Branch-
Capital Market Services Branch (CMSB), Mumbai.
 Options available in ASBA package:
1) Application Process – Initial application Request
2) Application Request- Application cancel / Reject
3) Application process - Bid modification – Bid modification
request
4) Bid modification Request- Rejected Bid modification
5) Bid modification Request- Bid modification T+ 1 Request
6) Application Process - Bid withdrawal- Bid Withdrawal Request
7) Reports – ASBA application reports
8) Dash Board
Other  During block period if a cheque is to be returned when the
features account shows the balance but is blocked as per ASBA, the branch
has to give reason “ Exceeds Arrangement” and return.
 Joint Account can be blocked, in case the ASBA applicant is one of
the authorized signatories to the account. Garnishee order,
Attachment order from Income Tax and other regulatory authority
etc., is applicable on the blocked amount also.
Ref. Circulars  313/2010,589/2013
17. Canara E-Info book
Scheme  The Canara e-InfoBook, an Android &IoS phone based application

for providing necessary enquiry services on smart phones through
menu driven application which makes it extremely easy for the
user to operate through its various options. The data is end-to-
end encrypted and the enquiry takes place in fraction of
seconds.
 Information in the application is available in 8 languages.
 The App is available in Playstore and App store.

Requirements  The facility will be available only to our Bank Customers
 Mobile Number of the customer should be registered under
CIM50 of FCR.
 The app is ideal for risk averse customers.
 The Canara e-InfoBook application has to be downloaded and
installed
 User has to register first before using any services.
 User has to authenticate with OTP sent to her mobile phone .
After successful verification, it will prompt to set a new 5 digit
pass code which can be used for logging in.
Facilities  Electronic passbook, Balance Enquiry , Request for statement by
Mail ,Branch Locator , Product Information, Account Summary,
Search ,Transaction, Change MPIN, ATM Locator, Credit Card
details, Know Our products, Locate us from anywhere, Loan Pass
sheet, Term Deposit details, etc
Ref No 100/2014,46/2016
18. Online Loan Application & Status Tracking System (OLTS)
Purpose  An internet based web-package which allows customers to logon

to our Bank‟s website and submit online loan application. The
package also allows clients to track the status of their loan
applications.
Guidelines  Customer to login to our website www.canarabank.com . Click on
the “ Apply Online “ link available. There customer may choose
Retail/MSME/Agri loans and apply.
 On successful application , the application is available to
concerned wing at HO and the same has to be assigned to
respective Circle Office.
 Nodal Officer at Circle Office has to assign the application to
concerned RAH/Branch
 RAH/Branch have to contact the applicant and take the process
the application based on the merits of the case
 The intranet module of OLTS is available in SAS package under
Advances Category
Ref Circular 79/12,21/2013,139/2013,132/2013,80/2013,305/2012,350/2015

19. Western Union Money Transfer (MTSS)
Purpose  Money Transfer Service Scheme (MTSS) of RBI is yet another

channel for flow of Remittances into India from abroad. This
scheme is designed for transfer of funds for personal remittances
only.
 Only personal remittances shall be allowed under this
arrangement. Donations/Contributions to Charitable
Institutions/Trusts shall not be remitted through this
arrangement. Remittance received under the scheme can be
credited only to domestic SB accounts of Resident Indians.
Features  RBI has placed a cap of USD 2500 on individual transaction under
the scheme. Amounts up to Rs.50,000 may be paid in cash. Any
amount exceeding this limit shall be paid only by means of
crossed PO/DD or credited to the beneficiary‟s account.
Exceptions to this restriction are for payment to Foreign Tourists
visiting India, Foreign Students studying in India, subject to
production of their Passport as identification.
 A single individual can receive only 30 remittances during a year.
 Amount received cannot be repatriated nor credited to NRE or
invested in FCNR (B).
 No Foreign Inward Remittance Certificate Can Be Issued For
These Remittances.
 Branches should invariably mention the 10 digit MTCN and the
name of the beneficiary in the narration field while debiting the
related CASA account maintained with Nariman Point, Mumbai
branch to facilitate easy reconciliation
 Branches to debit directly CASA account number 0172201006234
of M/s Weizmann Forex Limited.
 Branches have to obtain from the beneficiary „To Receive Money
(TRM)‟ form provided by M/s Weizmann Forex Ltd along with
copy of documents establishing identity/address proof as per
AML/KYC procedure.
Ref. Circulars FX/124/2014 , FX/70/2015, FX /01/2018
20. e-Stamping
Purpose  E-Stamping is a computer based application and a secured way of
paying Non-Judicial Stamp Duty to the Government.
 The process of embossing the value of stamp on special paper is
called "e-stamping"
 The method of e-stamping operates on a web based system.

 The system seeks to replace the existing mode of physical issue
of stamp paper by the State Government, by a highly secure and
tamper proof stamp certificate.
 Under the system, the clients / public can approach the
nominated/designated Branches of our Bank for purchase of
stamp certificate by remitting the applicable stamp duty.
 The Bank upon receiving the money, enter the details in the
computer system and uploads the information to the e-stamping
server.
 The e-stamping server will permit printing of stamp certificate
once all the consistency checks are done and the money is
accounted for.
 The Stock Holding Corporation of India (SHCIL) has been given the
mandate by Government of India to act as a Central Record
Keeping Agency.
 SHCIL will provide the required services to the respective State
Governments desirous to participate in the process in view of the
fact that stamp duty collection is a State subject.
Time 10 AM to 4 PM
Others  All the client requisitions needs to be stored safely for minimum
period of 3 years and these applications are subject to audit.
 Presently permitted in only certain states
21. PoS ( Point of Sales) Machines

Purpose  Payment option where customer can swipe his Debit or Credit
Card to make payment
Requirement  Merchant should have a Current Account with us.
 Should have a Landline phone or an Internet enabled
 Satisfactory KYC
Features  Merchant should enrol with us . Necessary application forms, KYC,
GSTN, License, etc have to be obtained.
 PoS Machines are of 2 Types. Wired and Wireless.
 Customer has to simply swipe the card in the machine to make
the payment. Customer has to authenticate the transaction by
entering his/her PIN to finish the transaction.
 All Debit, Credit and Prepaid Cards can be swiped.
 Merchant has to close batch at every day to get the payment.
He/she will get statement of everyday transactions.
Rent  For Wired – Rs.400.00 plus GST
 For Wireless – Rs.500.00 plus GST

Ref Circulars 625/2016,645/2016,270/2017,276/2017,4/2018
22. Canara DIYA – Digitally Your Account

Purpose An Online Account opening application for opening SB Account with
us without visiting a branch
Available in Google Play Store & Apple App Store
Facilities  Instant SB General Account opening
 OTP based eKYC verification
 Virtual welcome kit will be sent by email which includes Customer
ID, Account Number, Nomination details, etc
 Customer can register for Internet Banking, Mobile Banking, etc
 Transaction restrictions are there in the account until the branch
has to do the Customer Due Diligence ( Cir 594/2018)
Ref Circulars 594/2018
23. BHIM QR Code

Purpose  A UPI based payment solution for Merchants.
 Another Payment option for customers at shops .No need of Debit
Card or PoS machines for making the payment
Requirements Merchant
 Should have a CA or SB Account with us.
 QR Code generated based on their Account Number/VPA
 Should have an Android Smart phone for viewing the transactions
Customer
 Should have a QR Code Application installed in his/her mobile. It
is inbuilt in our CANDI Mobile Banking App.
How it works  Customer upon purchase shall scan the QR Code displayed at the
Merchant establishment using the mobile application installed in
their mobile. Customer account will be debited immediately and
Merchant will get the payment immediately.
Benefits For Merchants
 No need of EoD as in PoS machines
 Payment is settled immediately
 No limit on amount of transaction in QR Code
 Cost of acquiring QR Code is less
For the Customer
 No need to carry Cash or Card
 Hassle free and simple.
Ref Circulars 394/2018, 489/2019, 575/2019 (SAS QR Code Generation)

24. CANPASS – OFFLINE OTP
Purpose  Customer can authenticate online transactions with Offline
Transactions and not by OTP.
Features  Customers have to download and install it from Google Play Store
or Apple App Store
 It works even if your mobile is not in the network area.
 Will be unlocked using mobile screen lock code
 Customer need not wait for the OTP for authentication. Once the
App is installed in your Mobile, it will generate Push Notification
as well as Off line OTPs. The push notification has to be
authorized to enable the debit.
25. Canara OTP

Purpose  Offline OTP generation App for OTP based internet banking
transactions Generate One Time Password ( OTP) for your Internet
Banking using Mobile App
Features  To generate OTP at Offline also.
 Available in Google Play Store and Apple App Store.
 Once a user registered , he/she will get OTP without network
coverage/internet
 Customers who do not get OTP in time or getting delayed , this is
very useful.
 Customer has to register By login to Internet Banking >Fund
Transfer>Offline OTP>Register
26. Canara mServe

Purpose  A Mobile App which enables a customer to temporarily block or
Hotlist Debit or Credit Card
Features  Customer need not go to a branch to hotlist a Card. Instead use
the App.
 Available in Google Play Store and Apple App Store
 Switch on & Switch Off your Debit or Credit Card according to
your wish.
 Hotlist or Block your Debit or Credit Card permanently.
 Set your ATM/PoS withdrawal limit as per your requirement.

27. Canara Green PIN
Purpose  Option for customers to regenerate PIN for their new Debit card
or in case they lost the original PIN
Features  Applicable for both Personal and Non Personalised Debit Cards
Ref Circulars 7/2017,15/2020
28. Canara Saathi

Purpose  Credit Card Self Servicing Mobile Application
Features  Users to Download and install the Mobile App from Google Play
Store or Apple App Store
 Provide 11 services to Credit Card holders
1. View Basic Card Details
2. View last 5 Transaction
3. View Unbilled Transactions
4. Credit Card statement for a particular
period
5. Make Card payment
6. Avail EMI facility
7. Request for Card limit
replenishment/increase in limit, etc
8. Report lost Card
9. Request for Card replacement due to wear
and tear
10. Switch on & Off or Credit Card
11. Change PIN
 User Reset, Forgot Password, etc options are available.
 Customer may convert a recent purchase amount of above Rs
5000/- into an EMI payment option using the App.
29. CanDLE – Canara Digital Learning Experience

Purpose  Online learning platform by the bank for our employees
 Part of knowledge updation for employees
Features  Delivery of education is made 24*7 for all employees
 Can access the Candle website through Mobile Phone, Tab ,
LapTop or a Desk Top.
 A user may login to the website www.canartieslearning.com and
register in it.
 Can conduct online tests for various courses .
 Quiz programs can be arranged where large number of users can

simultaneously participate live.
 Registered users(employees of our bank) can do courses available.
 Query corner- where a user can raise banking related queries .
They will get a reply within 24 hours.
 Discussion forum where employees can chat/discuss online on
specific topics
 For FY 2019-2020 each employee from Scale 1 to 5 have to do 10
courses mandatorily so that they may get 5 marks in their APAR
Ref Circulars 123/2019,240/2019,255/2019
30. Canara Recovery App

Purpose  To help branches/employees of our bank in recovery of NPA
accounts
Features  The App is available in Google Play Store
 Employees have to install it on their Mobile phones
 User id to be created
 Following are the main features available in it.
1. Access to defaulters‟ list.
2. Update your visit to a defaulter
3. Follow up of visits
4. View of SWL/NPA account details like Name , address, Date
on loan, Amount of loan, Overdue amount, Date of NPA,
Liability, etc
5. Get data of NPA accounts of different periods like loans
slipped in the last 7 days, slipped between 30 to 45 days,
etc
6. Store data on latitude and longitude address of the
defaulter to track the address using GPS or Google MAPS
7. Store photograph of the site or assets.
Ref Circular 374/2018
31. Canara Online Digital Library

Purpose  Provides access of Digital contents to the employees of our bank
 Digital Library has collection of eBooks, videos, circulars, etc for
reference.
Features  Users may access the URL www.canaradigitallibrary.com . User
has to register using their Employee ID and OTP supported
password.
 Soft copies of Books and Magazines in several subjects like
Banking, Marketing, IT, Finance, Insurance , Science, Legal, etc

are available.
Ref Circulars  58/2018
32. Canara Rewardz

Purpose  Get reward points for every purchase you make using your Canara
Credit Card or Debit Card (Platinum & above variant s) and
redeem it later on
Available  The Reward points can be used/redeemed using a Mobile app or
through the URL www.canararewardz.com
 The Mobile App can be downloaded and installed from Google Play
Store and Apple App Store
Features  Earn 2 reward points for every Rs.100/- non cash purchase done
using credit card
 Earn 1 reward point for every Rs.200/- non cash purchase done
using Platinum & above variant of Debit card
 1 reward point is equal to Rs.0.25
 Reward points are valid up to 3 years from date of credit
 Cashback feature for redemption of Reward Points introduced
 Minimum redeemable Reward points accepted for “Cash Back” is
fixed at 1,000 points & in multiples of 100 thereof redeemable on
a quarterly basis by logging to the website
www.canararewardz.com or calling Toll Free 1800 419 3018
 Customer need to register in the website or Mobile App to see the
detail of the points.
Ref Circulars  173/2015,507/2017,400/2019
33. I Lead ( Inspiring Leads System)

Purpose  Lead Generation App
 To inculcate Marketing culture among employees of our bank
Features  Leads generated by an employee can be followed it up using this
facility.
 Leads can be converted or push to a Marketing Officer
 Link is available on Cannet>Marketing Desk >I Lead
34. SAS ( Single Authentication Service )

Purpose  A bundle of non CBS packages for day to day operations of a
branch or an office of our bank
Features  Users including Maker and Checker may sign in and do most of the

Non CBS and Non Financial transactions.
 The link to the package is available in Cannet>Quick Links >SAS-
Biometric Login. User has to login using his/her Employee ID and
Biometric Authentication.
 Following are few of the menus available in the package.
 Advances ( SARFAESI , CGTMSE, etc)
 Card Related ( Applying, CCR on Card Transactions, etc)
 Customer Service ( CPFRS)
 Deposits (CKYC, Cheque Indent, Account processing, etc)
 Financial Inclusion ( DBTL, Aadhar Seeding Admin, etc)
 Forex (R Return, XMM SWIFT, etc )
 General ( Tech Support, ECS, etc )
 Govt Business ( Pension, E Market place, GST , etc)
 MIS Reports (Digital Product Dashboard, Flash etc
 Tax Related ( Saral GST, Traces, Form 15CC, etc)
 New SAS has access to Circulars, Memos and Special
Communications,” What‟s New” also along with Access Log
35. E Payment of Direct Taxes

Purpose  A value added but free service available to IMB Clients which
offers convenience of making on-line payment of Direct Taxes
through Bank‟s Internet Banking Services on 24X7 basis.
 Effecting e-Payment of Direct Taxes permitted to ALL our
Branches (other than OLTAS authorized Branches) for retail
customers (36/2014)
 Payments can be made through Debit Cards also instead of
Internet Banking by opting Debit Card (599/2019)
Nodal centre  Jayanagar 9th Block, Bangalore for collection of Direct Taxes.
Charges  E-Payment of Tax is free of charges.
Timings  Transactions made after 8.00 pm to be included in next day‟s
transaction.
Ref. Circulars 340/07, 36/2014, 529/2016,599/2019
36. Canarites
Purpose  A Mobile based application for employees of our bank to access
certain contents of Cannet on the go
Features  Employee has to download and install the application from Google
Play Store and register. User has to set a 6 digit MPIN also which
can be used for further logins.
 HRMS Link enables us to view Self Profile, Leave Details, Salary

particulars, SWF/SPF/DCPS details,Festival Advance details, etc
 Communications Link can be used to view Circulars, Memos and
special communications
 Can be used to raise technical issues in CTS package
 Provides the link to Canara Recovery App, Canara digital Library
 Provides important notifications as well as the options to search
details like branch, staff etc
37. FASTag
Purpose  To cross Toll Plazas without having to stop for any manual cash
transactions.
Features  It is a 10x 5 cm, rectangle shape, multi layered tag, which is
made out of good quality paper, containing chip and antenna
inside its layers, it is pasted on the wind screen of the vehicle,
and through Radio frequency identification method, the
information is read at the toll plaza from the tag. tag gives
convenience and ease while going through toll plaza to the
customer along with saving time, fuel and money
 Available in 7 different colours for different categories of
vehicles.
 Can be reloaded online at fastag.canarabank.in using Debit Card,
Credit Card, Internet Banking or UPI.
 Instant SMS for balance deduction, alert for low balance

8. FOREX
1. NRE DEPOSIT – 103
Purpose With the view to attract the savings and other remittance into
India through banking channels from the persons of Indian
Nationality / Origin who are residing abroad and bolster the
Balance of Payment Position, the Government of India
introduced Nonresident (External) Rupee Account rules in 1970
and these accounts are governed by Foreign Exchange
Management Act, 1999.
Definition Non-Resident Indian [NRI] means a person resident outside India
who is a citizen of India for more than one hundred and eighty
two days during the course of the preceding financial year.
 Indian citizens who stay abroad for employment or for
carrying on a business or vocation, studies abroad or for any
other purpose, in circumstances indicating an indefinite
period of stay outside India.
 Indian citizens working abroad on assignments with foreign
Governments/ Government Agencies or International/regional
agencies like UNO, [including its affiliates] World Bank,
[IBRD] IMF, etc.,
 Officials of the Central and State Governments and Public
Sector
 undertakings deputed abroad on temporary assignments or
posted to their offices [including diplomatic missions] abroad.
 Indians who have settled abroad on immigration.
Eligibility  Only NRI/PIO are permitted to open & maintain NRE A/cs.
Non-Resident Indian [NRI] means a person resident outside
India who is a citizen of India or is a person of Indian Origin.
 Non-Resident Indian/s (NRI/s)/PIO may open NRE accounts
with their resident close relative on 'former or survivor' basis.
 Opening of NRE accounts in the names of
Pakistani/Bangladeshi nationals of Indian origin requires prior
approval of Reserve Bank.
 NRE accounts can be maintained in the forms of SB, Current
Account and Term Deposits viz., FDR, KDR and RD.
Other Features PERMITTED CREDITS:
 Proceeds of remittances to India in freely convertible foreign

currency in an approved manner from abroad.
 Personal cheques drawn by account holder on a foreign
currency account maintained abroad by him and demand
drafts in Foreign Currency or Indian Rupees drawn by
Exchange Companies/Overseas Banks.
 Proceeds of foreign currency/bank notes and proceeds of
FCTC tendered by account holder during his temporary visits
to India.
 Interest/Dividend Warrants in respect of investments in
shares/debentures on repatriation basis.
 Current income of NRIs like rent, dividend, pension, interest
etc based on the Chartered Accountant‟s certificate.
 Transfer from other NRE/FCNR accounts & transfer of
repatriable funds from NRO A/c& other permitted purposes,
etc.
PERMITTED DEBITS: Local disbursements, Remittances abroad,
Transfer to NRE/FCNR (B) accounts of the same account holder,
Transfers to NRE accounts of persons other than the account
holder for any purpose, Investment in
shares/securities/commercial paper of Indian companies or for
purchase of immovable property in India as per norms and other
permitted purposes.
 Special NRE Cheque Books alone should be issued for saving
bank account.
 Term Deposits Period : Minimum 1 year and maximum 10
years
 LA/POA holder cannot open a/c, close a/c, repatriate funds
and transfer funds to third party account. Investment in India
, withdrawals for local payments are allowed and transfer
from NRE a/c to a/c holder in abroad permitted.
 NRE-TD will be renewed automatically on maturity for the
same period only once.
 Where NRE term deposit is closed before
maturity/prematurely extended before completion of one
year from the effective date of the deposit, no interest shall
be payable for the period run.
 Overdue NRE deposits (i.e. matured deposits) will be paid
interest at Savings Bank rate from the date of maturity till
the date of payment/ re-investment
 A penalty of 1.00% shall be levied for premature
closure/premature extension of NRE term deposit of less than
Rs.2 Crore that are accepted /renewed on or after
12.03.2019.

 Senior Citizen/ Employees/Ex-employees/Ex-employee Senior
citizens are not eligible for preferential interest rate for NRE
term deposits.
USP  Both principal and interest earned are tax-free in India.
 Balances held in NRE accounts are exempt from Wealth-tax in
terms of Section 6(ii) of Wealth-tax Act, 1957.
 Principal and interest earned are freely repatriable to
account holder's country of residence.
 Can be opened jointly with other Non-Resident Indian(s)
 Offers flexible tenures that may range from 1 year to 10 year
Ref. Circulars NON-RESIDENT DEPOSITS AND OTHER FOREIGN CURRENCY
DEPOSITS (Updated till 31.10.2016),Desk Card & RBI Master
Circulars
2. NON-RESIDENT ORDINARY RUPEE ACCOUNTS (NRO) - 104

Purpose  The main purpose of NRO account is for putting through bona-
fide transactions in Rupees by the individuals held prior to
becoming NRI or acquired by them in India during their status
as NRI, not involving violation of the provisions of FEMA and
Foreign Exchange control Regulations.
Eligibility  Any person resident outside India for putting through
bonafide transactions in rupees
 May be held jointly in the names of two or more NRIs/ PIOs.
 May be held jointly with residents on „former or survivor‟
basis (at least one Joint Account holder should be NRI).
 In such joint accounts, the funds of the resident joint account
holder cannot be credited.
 Opening of accounts by individuals of Pakistan nationality and
entities of Pakistan / Bangladesh nationality/ ownership will
require prior approval of the Reserve Bank of India.
Authorised banks are permitted to open NRO account of
individual/s of Bangladesh nationality without prior
approval of RBI
 Permissible credits: Inward remittances, legitimate
dues in India ie rent, dividend, pension, interest, sale
proceeds of assets and transfers from other NRO accounts
are permissible credits to NRO account.
 Permissible Debits: all local payments, remittance
including Remittance outside India of current income
like rent, dividend, pension, interest, etc and all
bonafide purposes up to USD 1 million per Financial Year,

out of balances in NRO account.
 Transfer to NRE account of NRI within the overall ceiling of
USD one million per FY subject to payment of tax, as
applicable
Rate of Interest As applicable to domestic deposit subject to TDS
Other Features  Types of Accounts: NRO accounts may be opened in the form
of current, savings or FD/KDR/RD accounts.
 TDS at applicable rate will be deducted on interest earned as
advised from time to time.
 Foreign Tourists visiting India can open NRO for maximum 6
months period
 Senior Citizens/Staff/ex-staff/Ex-staff Senior Citizen is not
eligible for special rates under NRO deposits.
 15G/15H cannot be accepted from an NRI.
 Loans against the deposits can be granted in India to the
account holder or third party subject to usual norms and
margin requirement. The loan amount cannot be used for
relending, carrying on agricultural/ plantation activities or
investment in real estate.
USP  A product to cater the need of NRI for rupees earning in
India.
 Repatriation facility available subject to certain guidelines
 NRI customer residing abroad on countries covered by Double
Taxation Avoidance Agreement (DTAA) may allowed lessor
deduction of tax.
DEPOSITS (Updated till 31.10.2016),Desk Card &RBI Master
Circulars.
3. SB - Staff NRE – 113

Staff posted abroad for a period of more than 182 days in the financial
year.
4. SB - Staff NRO – 114

Regular Staff account converted to NRO on his status being NRE
5. SB – Power Plus - NRE -133

Purpose For NRE customers from inward remittance/credit.
Designated to cater the needs of premier segment of customers who

would maintain quarterly average balance of Rs 1 lakhs and above.
Ref Cir 01/2015
6. SB – Power Plus - NRO -134

Purpose For NRO accounts – NRE Customers where credit is from inward
remittance or domestic credit.
Designated to cater the needs of premier segment of customers who
would maintain quarterly average balance of Rs 1 lakhs and above.
Ref Cir 01/2015
7. Recurring Deposit (RD) –NRE – 184

RD opened by NRI/PIO, where all installments are credited through
NRE account or inward remittance from abroad.
8. Recurring Deposit (RD) –NRO – 185

RD opened by NRE, where all installments are credited through
NRO/NRE account or inward remittance from abroad.
9. RD –Dhanvarsha –NRE – 193

RD opened by NRE, where all installments are credited through NRE
account or inward remittance from abroad.
Ref Cir 596/2013
10. Current Account (CA) – NRE – 203

CA opened by NRE, all credits through NRE account or inward
remittance from abroad. Debits may be outward payments and
domestic.
11. Current Account (CA) – NRO – 204

CA opened by NRE, where credits may be through domestic or inward
remittance from abroad. Outwards Debits as per FEMA guidelines.
12. NRE DEPOSIT PLUS

Purpose To hedge maturity proceeds of FCNR (B) deposit. FCNR (B) is
opened for a period of 1 year and 1 day and forward contract is

booked covering the same, to convert the maturity proceeds of
the deposit into rupees. CBS Product Code – 591
Eligibility  NRI customer willing to make KDR in USD.
 Depositor should give mandate to receive maturity proceed in
Rupee only.
 For premature closure depositor has to cancel forward contract
also and have to bear exchange loss if any.
 Minimum and Maximum period 1 year and 1 day only.
Rate of Interest As applicable to FCNR Deposit
On maturity converted to INR with Forward contract booked
Other Features  New remittances in foreign currency, which are meant to be
invested in NRE deposits or convert rupee balance in the
existing NRE Savings Bank account of a depositor into USD and
invest the same in FCNR-USD for a maximum period of 1 year 1
day.
 All FCNR accounts under this product arecovered by Forward
Contract & forward contract is booked on the date of opening
the Deposit account. The Product Code for the Forward
Contract is FNRE (FCNR – Forward Con- NRE Dep Plus in Forward
Contract Module)
 The cost of hedge should be met out of repatriable funds or through an
inward remittance
 Forward contracts once cancelled cannot be rebooked
 The value and maturity of the contract should not exceed the value and
maturity of the underlying deposit and interest payable
USP  NRI who wish to avail higher return on FCNR deposit.
 Decent returns, depending on premium quoted on forward
contract.
Ref. Circulars IO.58/2011, Cir FX/63/2018, NON-RESIDENT DEPOSITS AND OTHER
FOREIGN CURRENCY DEPOSITS (Updated till 31.10.2016)
13. FCNR - B
Purpose For opening Term deposit in notified foreign currency.
To keep the inward remittance intact in the foreign currency
intact with interest earning as term deposit.
Eligibility  Only NRI/PIO are permitted to open & maintain FCNR(B) A/cs.
 Joint accounts may be opened with their resident close relative
on 'former or survivor' basis. The resident close relative shall be
eligible to operate the account as a Power of Attorney holder in
accordance with extant instructions during the life time of the
NRI/PIO account holder.

 Can be opened in any permitted currencies (permitted currency
mean a foreign currency which is freely convertible) .In our
bank FCNR(B) can be opened in 5 currencies – USD, GBP, EURO,
AUD, CAD by inward remittance, transfer from existing
NRE/FCNR a/c, personal cheque in FC, FC/TC on visit of India,
Demand Draft in FC etc.
 FD and KD only. Period: 5 years for USD, GBP, EURO, CAD,
AUD.(FX132/2014)
 Minimum period: 1year 1 day for KD and 1 year for FD.
 Minimum amount USD 500 or equivalent in other currencies
Rate of Interest The rate of interest payable on FCNR-B accounts will be advised by
Integrated Treasury, Mumbai from time to time.
Other Features  Senior Citizen /Employees /Ex-employees /Ex-employee Senior
citizens are not eligible for preferential interest rate for FCNR
(B) Deposits
 If opened with Foreign Currency Notes of above USD 10,000,
Requires MIPD permission along with furnishing following
documents- The deposit support extended by NRI, Period of
deposit, confirmation regarding CDF etc.
 prior clearance from Forex Dealing room, Integrated Treasury
Wing, Mumbai through email before accepting/ renewing any
FCNR deposit of USD 1 million & above (or its equivalent in
other currencies) from a single party under a single or multiple
FCNR deposits on the same day
 If closed before 1 year , No interest (and Service charges
@1.25% for those opened with Foreign Currency Notes only)
 If closed after 1 year, 1% penal cut on applicable interest.
 At the request of depositor, banks to be allowed to permit
remittance of the maturity proceeds of FCNR (B) deposits to
third parties outside India, provided bank is satisfied about the
bonafides of the transaction.
 The balance outstanding in FCNR accounts should not be
transferred as unclaimed deposit.
 Loan against security of NRE/FCNR(B) term deposits can be
granted to depositors or third parties without monetary ceiling
subject to margin requirement, delegation of powers, execution
of documents, interest rates, noting of lien, purpose of loan,
repayment etc. Premature withdrawal of deposit will not be
permitted during the pendency of loan (IO/130/2012).
USP  The deposit is maintained in a foreign currency.
 The interest earned from a FCNR account is exempt from
Income Tax.

 Repatriation benefits available for FCNR account.
DEPOSITS (Updated till 31.10.2016),Desk Card & RBI Master
Circulars
14. RESIDENT FOREIGN CURRENCY ACCOUNTS (RFC)
Purpose These accounts are especially useful for Non Resident Indians (NRI)
who return to India and would like to bring back foreign currency
from their overseas bank accounts.
The funds in the account can be freely utilized by the account
holder for any bonafide remittance outside India through normal
banking channels including for investments abroad.
Eligibility Returning Indians, i.e. those Indians, who were non-residents
earlier and are returning now for permanent stay, are permitted
to open, hold and maintain with an Authorized Dealer in India a
Foreign Currency Account – RFC
Rate of Interest The rate of interest payable on RFC accounts will be advised by
Integrated Treasury, Mumbai from time to time.
Other Features  CA/SB, FDR, KDR in 5 currencies (USD, GBP,EURO, AUD & CAD)
 No Cheque Book Facility for SB and CA.
 Min. Bal. 100 units. For SB. No Interest if balance below 1000
USD & CA
 FDR, KDR:
Deposit Min Bal existing Min Bal revised
FD USD 1000 500
FD GBR 1000 250
FD EUR 1000 500
KD USD 1000 500
KD GBR 1000 250
KD EUR 1000 500
 Min Interest Payable USD 10 per Half Year.
 Period for FDR Min.1 month Max 60M. Minimum 1 week to less
than 1 month period also acceped, but USD 2, 50,000/- or its
equivalent in other currencies.
 RFC KDR 1 year to 5 Years
 Non-Resident individual(s) may include resident close relative(s)
as a joint holder(s) in their RFC bank accounts on 'former or
survivor' basis. However, such resident close relative, now being
made eligible to become joint account holder, shall not be
eligible to operate the account during the life time of the

resident account holder.
 Employees/Ex-employees of the bank are not eligible for
preferential rate of interest of 1% on RFC deposits.
USP Facility to retain the funds in foreign currency after returning to
India. Can earn return too.
FC can be used for permitted purposes even outward remittance
can be permitted.
DEPOSITS (Updated till 31.10.2016),Desk Card
15. RESIDENT FOREIGN CURRENCY (DOMESTIC) ACCOUNTS –RFC-D

Purpose Foreign Currency deposit account for resident Indian to retain
their FC earning and uses.
Eligibility Person Resident in India is permitted to open, hold an maintain
with an Authorised Dealer in India a Foreign Currency Account to
be known as “Resident Foreign Currency [Domestic] Account”, out
of foreign exchange acquired in the form of currency notes, bank
notes and travellers cheques subject to certain terms and
conditions.
Rate of Interest Non-Interest bearing Current Account
Other Features  Permitted currency USD, GBP, EURO.
 There is no stipulation regarding maintenance of Minimum
Balance.
 No cheque book should be issued.
 Branches/Offices are required to ensure that balances that
would accrue in the account i.e. 100% of foreign exchange
earnings during a calendar month shall get converted to Rupee
balances on or before close of business of next month, after
adjusting for utilization of the balances for approved purposes
or forward commitments.
 In respect of each credit to the RFC(D) account, branches
should obtain a Declaration from the account holder as per
ANNEXURE-VIII stating the source of funds tendered for credit
to the RFC(D) Account to confirm eligibility of the funds for
credit to the said account as above and hold the same in their
records.
USP The balances in the RFC (D) account may be allowed to be
credited to NRE/FCNR account, at the option/request of the
account holder, consequent upon the change of the residential
status of the account holder from Resident to Non-resident.
DEPOSITS Desk Card & RBI Master Circulars

16. SB - Resident Foreign Currency (RFC) – USD - 121
Purpose Foreign Currency deposit account for NRIs & PIOs (other than
Pakistan & Bangladesh) returned to India for permanent
settlement
Permitted FC held outside India and brought to India at the time of
Credits returning
FC received as pension or other monetary benefits from the
employer outside India
Proceeds of immovable properties outside India
Gift or inheritance received from a person resident outside
India
Proceeds of Life Insurance received in FC
Eligibility Non-Resident individual(s) may include resident close
relative(s) as a joint holder(s) in their RFC bank accounts on
former or survivor basis. However, such resident close relative,
now being made eligible to become joint account holder, shall
not be eligible to operate the account during the life time of
the resident account holder.
Employees/Ex-employees of the bank are not eligible for
preferential rate of interest of 1% on RFC deposits.
Other Features  CA/SB, FDR, KDR in 5 currencies (USD,GBP, EURO,AUD &
CAD)
 No Cheque Book Facility for SB and CA.
 Min. Bal. 100 units. For SB, No Interest if balance below 1000
USD & CA
 Min Interest Payable USD 10 per Half Year.
17. SB- Resident Foreign Currency – GBP – 122

RFC opened in Great Britain Pound
18. SB - Resident Foreign Currency – EUR – 123

RFC opened in Euro
19. SB - Resident Foreign Currency – CAD – 124

RFC opened in Canadian Dollar

20. SB - Resident Foreign Currency – AUD – 125
RFC opened in Australian Dollar
21. EXCHANGE EARNERS‟ FOREIGN CURRENCY ACCOUNTS (EEFC)

Purpose Exporters of goods and services and other beneficiaries of Inward
Remittances in convertible foreign currencies, i.e., Resident
Individuals/Firms/Companies are permitted to open and maintain
foreign currency accounts titled "Exchange Earners' Foreign
Currency [EEFC] Accounts.
Eligibility  All categories of Foreign Exchange Earners including Individuals
are allowed to credit 100% of their Foreign Exchange Earnings to
their EEFC account SUBJECT TO CONDITION that Sum total of
accruals during a calendar month in the EEFC account SHOULD
BE converted into Rupees on or before the last day of
succeeding calendar month AFTER ADJUSTING for utilization of
the balances for approved purposes like Forward commitment
and import commitment.
 EEFC accounts cannot be opened wherever RBI has specifically
permitted exporters to maintain foreign currency accounts with
banks abroad.
 The resident beneficiaries of the payments received in foreign
exchange from the EEFC account holders are not eligible for
EEFC facility.
 Only Current Account in USD, GBP, EURO, AUD & CAD.
Rate of Interest Non-interest bearing current account
Other Features  No credit facilities, either fund based or non-fund based should
be permitted against the security of balances held in EEFC
accounts. Further no lien can be marked for the balance held in
EEFC accounts.
 Resident Individuals are permitted to include Resident Close Relative/s
as Joint A/c Holder/s in their EEFC account on “FORMER OR
SURVIVOR” basis. Such Resident Indian Close Relative/s SHALL
NOT BE ELIGIBLE to operate the account during the life time of the
Resident Account Holder.
 The funds held in EEFC accounts may be allowed to be utilized
for making all bonafide payments of the account holders in
foreign exchange connected with their trade and business
related transactions which are of a current account nature
[besides certain permitted capital account transactions]
without any restrictions except those specifically not permitted
USP  Facility to exporter to retain their forex earning in Foreign
currency and make suitable foreign currency payment without

conversion charges.
 There is not any requirement of minimum balance in EEFC
account
 Account can be opened in different currencies USD, GBP , EUR ,
CAD & AUD
Ref. Circulars MOI on Forexs General updated till 15.02.2017,Desk Card
31.07.2019 & RBI Master Circulars
22. DDA – DIAMOND DOLLAR ACCOUNTS

Purpose Current Account in Foreign Currency for gems & jewellery
exporters
Eligibility  Firms & companies dealing in purchase / sale of rough or cut
& polished diamonds etc are eligible
 Track record of at least 2 years in import /export of
diamond, gold jewellery
 Average annual turnover of Rs 3 crores or above during
preceding 3 licensing years (April to March)
 Maximum open 5 DD Accounts (in US$ only) as current accounts
(Product code – 208)
Rate of Interest Non-interest bearing current account
Other Features  Type of account: Only current account (No interest is payable)
 Intra-Account Transfer: No intra-account transfer should be
allowed between the DDAs maintained by the account holder
 Exporter Firms and companies maintaining foreign currency
accounts, excluding EEFC accounts, with banks in India or
abroad, are not eligible to open Diamond Dollar Accounts.
 Permitted Credit - Amount of pre-shipment and post-shipment
finance availed in US Dollars. Realisation of export proceeds
from shipments of rough, cut, polished diamonds and diamond
studded jewellery. Realisation in US Dollars from local sale of
rough, cut and polished diamonds
 Permitted Debit -Payment for import/purchase of rough
diamonds from overseas/local sources. Payment for purchase of
cut and polished diamonds, coloured gemstones and plain gold
jewellery from local sources. Payment for import/purchase of
gold from overseas/nominated agencies and repayment of USD
loans availed from the bank. Transfer to rupee account of the
exporter.
 The transactions in the account are subject to the provisions of
the Foreign Trade Policy of GOI, issued from time to time.

USP  DDA account holders are allowed to retain 100%of foreign
exchange earnings in their non-interest bearing DDA accounts
 DDA account holders can access the forex market for
purchasing foreign exchange without utilizing the balances in
their DDA accounts.
 There is no minimum balance requirement in case of Diamond
Dollar Account.
Ref. Circulars  MOI on Forex General updated till 15.02.2017, Cir FX-53/2019
23. “ACCESS FX – MULTI CURRENCY REMITTANCES”

Purpose  APRODUCT FOR OUTWARD REMITTANCES IN NON-POSITION
CURRENCIES THROUGHSWIFT
 In order to facilitate sending remittances in such currencies
where we do not have a Nostro account, we have earlier
accepted Deutsche Bank‟s product, FX Cash which can be used
for credit to beneficiary‟s local currency account.
 As an alternative, now we have entered into arrangement with
JP Morgan Chase Bank for using their product “Access FX”.
Eligibility  Access FX enables us to use our existing USD nostro account
with JP Morgan Chase Bank to send remittances for credit in
100+ non-position currencies (listed in Annexure II) up to a
maximum amount equivalent of USD 1 Million.
 Retail and Corporate customers can sendMT103 remittances and
bank can send MT202 remittances for any non-position currency
transactions.
Rate of Interest Not applicable
Other Features  Similarly, inward remittances too shall be facilitated under this
product by JP Morgan Chase Bank in 40 currencies. JP Morgan
has designated a bank for each of these 40 currencies.
 Access FX receipts works with sender banks or geographies
which cannot handle generally remitted currencies such as
USD/EUR/GBP because of local regulations
 The SWIFT message (MT103 or MT202) is to be sent to Swift
Code CHASUS33FXS of JP Morgan Chase Bank.
 Branches/offices shall not use this facility for credit in our
position currencies which are AED, AUD, CAD, CHF, DKK, EUR,
GBP, HKD, JPY, SEK, SGD, USD.
USP  Facility to send remittances in 100+ currencies.
 There are no upfront charges by JP Morgan Chase Bank.
 No hassles in handling trade with the ability to make trade
payments in non-position currencies

Ref. Circulars Circular FX/45/2019
24. FX 4 CASH - Multi Currency Payment Solution

Purpose  An arrangement with Deutsche Bank AG through which
Deutsche Bank AG will convert our banks swift outward
payment messages (MT103 & MT202) routed through our USD
account maintained with them, into 115+ non position
currencies and provides credit to the beneficiary‟s local
currency account.
Eligibility  Retail and Corporate customers for their payment in local
currencies of foreign countries by sending MT103 remittances
and MT202 remittances for any non-position currency
transactions.
Rate of Interest  Not Applicable
Other Features  No maximum ceiling on individual payment and the
service is available w.e.f 01.10.2014.
 Mandatory use of code /DBF4C/ in Field 72 of SWIFT
MT103 & MT202 sent to Deutsche Bank America NA, NY SWIFT
BIC: BKTRUS33 to the debit to our USD account 04427255.
 This service is available to all our branches.
 The FX conversions facility will only be used at the
request of remitter/customers who wants to remit the
fund in currency other than US Dollars / listed in
Annexure II, to payments meeting the mutually agreed
upon parameters prior to the commencement of the
service.
 Branches/offices shall not use this facility for our position
currencies which are AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, SEK,
SGD.
USP  Facility to send remittances in 116+ currencies.
 No hassles in handling trade with the ability to make trade
payments in non-position currencies
Ref. Circulars  IO/107/2014, FX 79/2015

25. RIA MONEY TRANSFER SERVICE SCHEME

Purpose  Facilitating inward remittance from abroad to resident individuals
through Continental Exchange Solutions INC, USA (Doing Business
As “Ria”) under RBI money transfer service scheme
 Bank has tie-up arrangement with Weizmann Forex Ltd

Eligibility  Only personal remittances shall be allowed under this
arrangement. Donations/ contributions to charitable
institutions/trusts, trade related remittances, remittance towards
purchase of property, investments or credit to NRE Accounts shall
not be made through this arrangement.
 Remittance received under the scheme can be credited only to
domestic SB accounts of Resident Indians
 The beneficiary under the Ria Money Transfer approaches our
branch with 11 digit „Ria PIN‟ received from the remitter abroad.
Rate of Interest Not applicable
Other Features  RBI has placed a cap of USD 2500 on individual transaction under
 the scheme
Retail and Corporate customers can sendMT103 remittances and bank
 Amounts
can send
up to MT202
Rs.50,000remittances
may be paidforin cash.
any Anynon-position
amount
currencytransactions.
exceeding Rs.50,000 shall be paid only by means of DD or credited
to the beneficiary‟s account. However, in exceptional
circumstances, where the beneficiary is a foreign tourist with
valid passport & valid Tourist visa, higher amounts may be
disbursed in cash.
 A single individual can receive only 30 remittances during a year.
(Presently ensured by WFL Compliance & Audit Department)
 Amount received cannot be repatriated or credited to NRE or
invested in FCNR(B).
 No Foreign Inward Remittance Certificate can be issued for these
remittances
 Beneficiary has to provide five essential ingredients as PIN,
estimated amount(+/- 10%), sender‟s name, senders country and
valid ID
USP  Hassle free inward remittance facility from abroad to residents.

 Good opportunity for branch to garner new business, CASA etc.
Ref. Circulars Circular FX/59/2019
26. INTERNATIONAL TRAVEL PREPAID CARD (CBITPC)

Purpose  Multicurrency Forex Travel Prepaid card is designed for persons
travelling abroad /student studying abroad
 Issued in association with VISA/Master Card/ NPCI

Eligibility  Any Individuals, for minor‟s application shall be obtained by
parents/ guardian – Full KYC complied
 Application accompanied with copy of first & last page of
passport,
 Form A2
 Travel documents (copy of Ticket & VISA)
Other features  Non personalized EMV chip card with PIN/Signature

 Validity : 5 years
 Can be used for online purchase, merchant outlets and withdraw
cash
 CBITPC kit contain two cards & respective PIN mailers, one is
primary card & the second one is back up card
 The load /reload to the card is to be done by debit to operative
SB/CA/ OD and EEFC A/c of the applicant/holder only through
any branch Which is authorised for card issuance
 Cancellation: Refund of unspent balance shall be permitted only
after 10 days from the date of last transaction
 Cardholder can retain the unspent Forex in the card up to USD
2000 or its equivalent in other currency for future trips till expiry
of the card
USP  This prepaid Card kit shall contain two cards & respective PIN
mailers. One is primary card & the second one is Back up card can
be activated in case the cardholder lose/misplace the primary card
or the primary card is damaged,
 No need to carry FC notes, traveller‟s cheques etc.
 Hassle free loading of amount by debiting CASA a/c and easy
settlement
Ref. Circulars CIR 84/2019
27. FOREIGN CURRENCY LOANS TO RESIDENTS (FCLR)

Purpose  Foreign Currency Loan to residents disbursed in FC or rupee
by way of WC & TL
Eligibility  Existing corporate/firms with Credit Risk Rating upto
Low/Normal Risk & Moderate Risk,
 New Blue Chip Companies ranked with Fortune 500 /
EOUs/PSUs/NBFCs (AAA rated) with Credit Risk Rating of Low
Risk & excellent track record.
 Presently, Foreign Currency Loans to Residents (FCLR) are

allowed by our Bank for the purpose of working capital/term
loan requirements of our constituents out of balance of surplus
Foreign Currency funds available with the Bank.
 Working Capital: For sourcing capital goods/services either by
imports or through domestic means.
 FCLR term loans may be permitted for conversion of Rupee
term Loans already availed by the constituents with our
bank/takeover of Rupee Term Loans availed from Financial
Institution (FIs), provided the residual repayment period is
within five years.
Quantum  The minimum loan amount USD 150,000 or its equivalent in
case of Working Capital loans/Term Loans and USD 50,000 or its
equivalent in case of Short Term Import Financing.
 The maximum upper limit per NBFC is USD 5 Million and
borrowers to obtain forward cover to hedge exchange risks.
Margin As per guidelines
Security For Moderate Risk accounts

 In respect of PSUs/PSEs, FCLR loan shall be considered on a case to
case basis by the respective delegated authority.
 Other than PSUs, FCLR loan shall be made available, if it is secured by
collaterals (acceptable to the Bank) to the extent of atleast 125% of the
proposed FCLR exposure.
Nature of Working capital , STL and Term Loan
Facility &
Classification
Rate of interest As per sanction terms and linked to LIBOR.
Other features  PERMISSIBLE CURRENCIES : USD, GBP and EUR.
 FCLR amount cannot be repatriated as per the scheme.
However, same is eligible for import replenishment
 Before sanctioning/disbursing FCLR, Funds clearance from
Integrated Treasury Wing, Mumbai is to be sought.
Repayment  WORKING CAPITAL LOANS: 6 months .
 TERM LOANS: 3 years
 SHORT TERM IMPORT FINANCING: maximum up to 180 days
from the shipment date
USP  Another loan opportunity at attractive rate of interest.
 By way of short term loans carved out of existing OCC/KCC
limits or WCDL component of Cash Credit.
Ref. Circulars CIRCULAR -FX/18/2019

9. CREDIT CARDS
1. Canara Global Credit Cards/ Visa Classic /MasterCard Standard

Card/MasterCard Gold/RuPay Classic/RuPay Platinum/ RuPay
Select/Secured Credit Card
Purpose  Buy now and pay later
Eligibility  Minimum income Rs.100000/- p.a. (For staff, Rs. 60,000/- per annum
and NTH Rs. 4000 p.m.)
 Minimum Income Rs 10 lakhs p.a for MasterCard World
Features  Card limit: upto 30% of gross annual income. .(Min-Rs.10000/-, Max-
Rs.300000/-).
 No enrolment fee & No Annual fee. (Waived upto 31.03.2020)
 Card validity : Three Years
 Card inactivity fee : Rs.100/- plus applicable GST
 Minimum turnover per annum for reimbursement of inactivity fee is
Rs.12,000/- or the sanctioned Credit Card limit, whichever is lower.
 Upto 4 Add on card within the overall limit.
 Free Credit period 20 to 50 days.
 For revolving payment facility charge of 5% of the billed amount and
the balance amount carries service charge of 2.5% p.m. plus applicable
GST. In case of Secured Credit Card the service charge shall be 2% per
month + applicable GST.
 Purchases above Rs 5,000 can be converted into EMI thorugh Canara
Saathi App.
 Cash advance limit against credit card amount: 50% of credit limit with
a maximum of Rs.50,000/-.For add on cards maximum cash withdrawal
limit is Rs. 25000.
 ATM Cash withdrawal Limit to NRI customers through Credit Cards is

fixed upto Rs.50,000/- subject to 50% of Credit Card limit per month.
Complimentary insurance to cover the risk of death due to accident,
baggage insurance, purchase protection, etc.
 Hotlisting of Visa Credit Card –through SMS
(BLOCK<space>CAN<space><last 4 digits of the card> and send it to
575758)
 Hotlisting of Master Credit Card –through SMS (CAN <space> HOTLISTCC
<space> Card Number (16 digits) <space> Date of Birth (yyyymmdd )
and send it to 5607060)

 Credit Cards can be hot listed by calling Toll Free number 1 800
425 0018, Canara Saathi app or Mobile Banking app.
 Green PIN may be generated by the Card Applicant / Customer through
/Canara Saathi app/ ATM as the case may be.
Ref. 295/2019,82/2019 (Credit Policy),283/2019
Circulars
2. Canara Gold Card (Individuals)

Purpose  Buy now and pay later
Eligibility  Satisfactory dealings, minimum income Rs.2,00,000/- p.a.
Other features  Usage: Globally. No enrolment fee.
 Card limit: upto 30% of gross annual income. .(Min-Rs.50000/-,
Max- Rs.25.00 lakh)
 Card inactivity fee: Rs.150/- plus applicable GST.
 Minimum turnover per annum for reimbursement of inactivity
fee: Rs.25,000/-
 Add on card free.
 Free Credit period 20 - 50 days.
For revolving payment facility charge of 5% of the billed amount

and the balance amount carries service charge of 2.5% p.m. plus
applicable GST. In case of Secured Credit Card the service charge
shall be 2% per month + applicable GST.Cash advance limit against
credit card amount: 50% of credit limit with a maximum of
Rs.50,000/-.Complimentary insurance to cover the risk of death
due to accident, baggage insurance, purchase protection, etc.
Ref. Circulars Card Information link at Cannet. Credit policy (82/2019)
3. Canara Corporate Card (Domestic)

Purpose  Buy now and pay later.
Eligibility  Companies/Firms who are enjoying credit limits with Canara
Bank with standard status. Companies without credit limit –12
months satisfactory dealings and creditworthiness has to be
ensured. Member affiliate banks can also be issued with
Corporate Cards. Board Resolution as per the Performa
furnished by the Bank/Card Division.
 Constitution papers like Partnership deed in case of firms and;
Memorandum of Association and Articles of Association in case
of companies.
 Financial statements of the company/firm for the last three

years.
 Any other relevant constitution papers / financial papers.
Other features  Canara VISA Corporate cards are issued to cater to the needs
of corporate clientele. These cards are meant for non-
individuals such as – partnership firms, firms of chartered
accountants, solicitors, tax consultants, public sector
undertakings, public and private companies of good standing.
Add on cards are issued to persons authorized by
company/firm. At present we issue separate cards to corporate
clients for domestic and international use.
 The Company will be given a total/ overall Card limit. The
limit can be shared among the Add On Cardholders at the
discretion of the Company.
 Card limit is need based in multiples of Rs.5,000 subject to
minimum of Rs.50,000 and Maximum of Rs.25.00 lakhs.
Overall Cash withdrawal limit for the Main Card is up to 50% of
the card limit, subject to a maximum of Rs.5.00 lakhs. Max.
Card withdrawal limit per Add On card is Rs. 25,000 per
calendar month Date of billing: 20th of every calendar month.
 Payment due date: 10th of every calendar month.
 Bill will be raised on the Company, which in turn will settle the
bill on or before the payment due date.
 Main Card is a dummy card - Depending on the requirement of
each firm add-on, cards are issued upto 99.
 Complimentary insurance to cover the risk of death due to
accident, baggage insurance, purchase protection, etc.
Ref. Circulars Card Information link at Cannet, Manual on Credit card
Updated till 31.03.2018 in Cannet.
4. Canara Visa International (Gold) Card

Eligibility  Satisfactory dealings, minimum income Rs.2,00,000/- p.a
Other features  Usage: Globally. No enrolment fee.
 Minimum usage of Rs. 25000/- p.a otherwise card inactivity
fee: Rs.150/- plus applicable GST.
 Minimum turnover per annum for waiver of inactivity fee:
Rs.25,000/-
 Add on card free.
 Free Credit period upto 50 days.
 Minimum Repayment on Revolving Credit: 5% of the billed
amount with minimum Rs.100/-

 Card limit: upto 30% of gross annual income.(Min-Rs.50000/-,
Max- Rs.25.00 lakh)
 Cash advance limit against credit card amount: 50% of credit
limit with a maximum of Rs.50,000/-(Per day maximum limit of
Rs.35,000/-)
 Lost card liability: In excess of Rs.1000/- from the time of
reporting of loss card.
 Charges on Revolved Amount outstanding liability: 2.5%
pm(30% pa)
 Cheque dishonour charges : Rs.50/-
 Cash Withdrawal charges: 3% of transaction amount with
min.Rs.30/- per thousand or part thereof
 Copy of charge slip: Rs.100/- for domestic, USD 10 for
international or actual costs whichever is higher
 Request for Original Charge slip: USD2 if processed by our Bank
and USD 6 if processed by other Bank.
 Foreign Currency transaction load (mark up) upto 3%
Duplicate card issue: Free // Hotlisting fee: Rs.300/-
Ref. Circulars Card Information link at Cannet, Manual on Credit card Sl No. 5.
Updated till 31.03.2018 in Cannet.
5. Canara Secured Credit Card

Eligibility  Existing customer with operative SB/CA accounts including
NRIs.
Other features  Domestic as well as Global EMV Cards.
 Card limit – Minimum of Rs.10,000/- and Maximum of Rs.25.00
lakhs against security of KD/FD. Minor‟s deposit is not eligible.
 Maximum card limit – 75% of present value of KDRs and in case
of FDRs, it is 75% of face value of FDR.
 The security should have minimum un-expired maturity period
of one year.
 Roll over service charges 2.00% per month plus tax.
 Cash withdrawal fee 3% with a minimum of Rs.30.00
 Validity of card – 3 years.
Ref. Circulars 107/2014, Card Information link at Cannet, Manual on Credit
card Sl No. 5. Updated till 31.03.2018 in Cannet.

6. Canara World card
Purpose  Premium Credit Card is indented to cater to HNI and Elite
customers to retain their loyalty.
Eligibility  Meant for the VVIP Customers of the Bank with minimum Gross
annual income of Rs.10.0lacs.
Other features  EMV CHIP & PIN based Card which provides additional security
against skimming & cloning.
 Global validity
 Credit Card Limit ranges from Rs. 1.00 lac to Rs. 25.00 lac
 Cash withdrawal Limit Rs. 50,000/-
 Card issuance charges and Annual Fee is Nil
 Inactivity fee, Rs.300/- plus applicable GST charged annually if
minimum turnover is below Rs. 1,00,000/-
 Revolving credit facility, on option, @ 2.5% per month
 Cash withdrawal facility with service charges @ ` 30/- per `
1000/-
 Card Bill payment facility through NEFT
 Reward points: Rs.0.50 for every successful purchase of Rs.
100/- made with the card. Fraction of Rs. 100/- will not be
considered for Rewards point calculation.
 Concierge services, discounts and other time bound offers by
the Card Association MasterCard to their „World‟ card variant
as published in their official website are applicable to „Canara
World also.
Ref. Circulars 88/2015,493/2018,64/2019
7. Canara Non-Personalised Credit Card – Insta–Credit Cards

Purpose  Launch of a new Credit Card variant “Canara non-personalized
Credit Card” in association with MasterCard.
 Instant card issuance across the counter on sanction of Credit
Card Limit.
Features  EMV CHIP card under „Standard variant‟ of MasterCard.
 Option enabled in SAS package for Branches to submit the data
for Card activation.
 Card number is to be punched in SAS package in addition to
other details as per existing procedure.

Other features  Canara Non-Personalised Credit Card (CNPCC) is issued in
association with MasterCard.
 The card will be EMV compliant CHIP & PIN card, which
provides greater security as card cannot be duplicated.
 The CNPCC is valid for 3 years as in the case of our
personalized credit cards.
 Maximum card Limit is Rs.300,000/- and Maximum Cash
withdrawal limit is Rs.50,000/-.
 No name of the cardholder will be embossed on the Card.
“Insta Card” will be embossed in place of the name of the
cardholder.
 Non-personalized Credit cards shall not be issued as add-on
cards.
 Non-personalised credit cards should not be issued as
replacement card to any existing credit card by the branch,
since the account number associated with each card is
different and the transactions on the lost/replaced card will
not flow to the new account representing the new card.
 On expiry of the Card, the cardholder will be issued a
Personalised Canara Credit Card. The renewed Personalised
Canara Credit Card & PIN mailer will be sent to the registered
address of the Card holder through separate couriers as per the
existing procedure.
 As per the extant guidelines applicable to the Canara Credit
Cards, the branch shall write to the Card Division 30 days in
advance, if the branch does not desire to renew the card to
the cardholder.
 Procedure for hot-listing, issuance of replacement card &
renewal of card detailed above are the same as in the case of
the existing personalized credit cards.
 Branches can place their request by email to our Card Issue
Section, DBS Wing, HO (hodbscardissue@canarabank.com) for
supply of Non-Personalised Credit Cards or Insta Credit Cards.
All the guidelines/ procedure enumerated in HO Cir 267/2015
have to be strictly adhered to.
Ref. Circulars 267/2015, 438/2018
8. Canara RuPay Classic Credit Card

Purpose  Focus of Government of India is on promoting digital payments
including card channel as an alternate to cash transactions.

Eligibility  Cards shall be issued to Bank‟s Customer only, having operative
SB / CA accounts with the Bank. Request for direct billing shall
not be entertained.
 Add on Cards can be issued on application from the main card
holder (Maximum 4 add-on cards)
 The Card can also be issued to NRE Customers.
Other features  The card is Personalized EMV Chip and PIN based and non-
photo card, which prevents skimming and cloning.
 The card is for Domestic use only.
 Annual / Enrolment Fee –Nil
 Minimum turnover required for waiver of Card Inactivity Fee:
Rs.12000/- in the previous 12 months period.
 Free credit period of 20-50 days on purchases or payments
made with the Card.
 Charges for Revolved Amount i.e., amount carried over to next
billing cycle under Revolving Facility: 2.5% Per month i.e., 30%
per annum.
 Cards bear logos of Canara Bank and RuPay.
 For Credit Card bill payment, card holder can pay through
Direct Debit facility i.e. debits to CASA account with us,
cash/cheque/DD payment through Branches, NEFT, etc.
 Minimum card limit is Rs.10,000 and Maximum is Rs.3 lakhs
 Rewards point as per norms.
 Revolving facility is available with minimum payment of 5% of
total card dues on payment due date.
 Cash withdrawal facility of up to 50% of the card limit, subject
to a maximum of Rs.50000/-.
 The Card is valid for three years, with automatic renewal.
 Hotlisting facility is available by calling our Call Centre at 1800
425 0018 or by sending SMS to 9266623333 in the format:
CAN<space>HOTLISTCC<space>CardNumber(16digits) <space>
Date of Birth(yyyymmdd).
 Lost card liability Rs.1,000/- from the time of reporting of loss
of card.

9. Canara RuPay Platinum /Canara RuPay Select Credit Card
Salient Features RuPay Platinum RuPay Select
Global validity Available Available
Credit Card Limit Ranges from Rs 1 lac to Rs.25 lacs Ranges from Rs 1 lac to
Rs.25 lacs
Revolving credit Available Available
facility
Repayment Available Available
facility through
alternate
banking
channels.
Cash withdrawal Available with service charges @ Rs30/- Available with service
facility. per Rs 1000/-or part thereof. charges @ Rs 30/- per
Rs1000/- or part thereof.
Inactivity fee, if Rs.750/- per annum - if the turnover is Rs.1000/- per annum - if
the Card is not below the threshold limit of the turnover is below the
used for a Rs.25,000/- per year threshold limit of
minimum annual Rs.50,000/- per year
turnover.
Insurance cover AIR Accident: AIR Accident:
for Death due to Rs 8.00 lakhs for self Rs 8.00 lakhs for self
Personal Rs 4.00 lakhs for spouse Rs 4.00 lakhs for spouse
Accident – for Other than Air Accident : Rs 4.00 lakhs Other than Air Accident :
card holder and for self Rs 4.00 lakhs for self
spouse Rs 2.00 lakhs for spouse. Rs 2.00 lakhs for spouse.
Lost Card In excess of Rs. 1000 from the time of In excess of Rs. 1000
Liability: reporting of loss of Card from the time of
reporting of loss of Card
Baggage Rs 25,000/ Rs 25,000/
Insurance: Rs 25,000/ Rs 25,000/
Purchase
protection cover:
Reward Points 2 points for every Rs.100/transaction 2 points for every
from M/s Loyalty for purchases/ payments. Value of each Rs.100/transaction for
Rewards point is Rs. 0.25/-. purchases/ payments.
Value of each point is Rs.
0.25/-.
Merchant offers/ concierge services/ additional features provided by NPCI may vary
from time to time*
Product Variant RuPaY Platinum RuPaY Select
Welcome Offer Rs. 500 Gift Voucher from Croma (Infiniti Retail Ltd.)
• Discount Coupon from Apollo Pharmacy

• Snap deal Offer - Rs. 100 off on first two transactions
RuPay Insurance Program Rs. 2.00 lacs cover for Death Rs. 10.00 lacs cover for
due to Personal Accident and Death due to Personal
Permanent Disability Accident and Permanent
Disability.
Cash Back Offer - Utility 5% Cash back on payment of Utility Bills applicable for
Bill Payment Services both online and PoS terminals capped at Rs. 50 per
month.
Cash Back Offer on Eating 5% Cash Back Offer on Eating Places & Restaurants -
Places & Restaurants capped at Rs. 50 per month.
Lounge Access Program · NA Two Free Access per quarter · Covers
Domestic 30 Lounges across 11 cities in India.
Lounge Access Program - NA Four Free Access per year - covers
International 500+ Lounges across 300+ cities
worldwide.
Concierge Services 24X7 Assistance - Referral and Reservation Services -
Hotel, Dining, Car Rental, International Travel
Refer following link for details : *
Merchant Offers Offers/ Discounts at select Online and POS merchants
provided by NPCI from time to time.
Refer following link for details of NPCI Offers: https://www.rupay.co.in/rupay-offers.
Common Guidelines on Credit Cards

 (Online Credit Card application is not available, however branches can generate
pre filled Credit Card Form in SAS Packge)
 Credit Card is available only for our customers
 In case of non-individuals like Companies, Trusts, Clubs and associations, the
relevant documents like Memorandum of Association, Articles of Association,
Certificate of incorporation , Certificate of Commencement of Business, Board
Resolution, Trust Deed, Rules and by-laws of Clubs etc are to be produced
wherever applicable.
 PAN and mobile number to be registered.
 Credit information report (CIR) any agencies approved by RBI to be obtained.
 For Moderate risk and High risk sanction authority is next higher authority.
 Maximum eligible limit for high risk applicant is Rs.2 lakhs only.
 Four add on cards can be given for a single main card.(except corporate card).
Ref. Circulars 82/2019 (Credit Card Policy 2019-2020), Manual on Credit card
Sl No. 5. Updated till 31.03.2018 in Cannet.

10. CORPORATE BANKING
1. IPO Monitoring Activity

 Our bank has been permitted to act as „Monitoring Agency‟ to
undertake the assignments of monitoring of project
implementation by companies raising equity through public
issues, where the issue size exceeds Rs.500 crores.
 Appointment of a monitoring Agency is mandatory in terms of
SEBI guidelines wherever the public issue is Rs.500 crores or
more. Also, the regulators (SEBI / SEs) may insist for engaging
Purpose the service of a monitoring agency even in other cases.
 The assignment requires the agency to monitor the investments
of the IPO funds in the various projects for which the funds are
raised by the issuer company from the public. An implementation
progress report has to be submitted to SEBI on half yearly basis
till full utilisation of the funds raised.
 Our Bank undertakes Merchant Appraisal of such of those
projects where the project cost is more than Rs 25 crores or as
per SEBI directions.
Ref. Circulars Canara Bank Website.
2. Merchant Banking Services

Purpose  Canara Bank is one of the leading " Merchant Bankers/Investment
Bankers" in India, offering specialized services related to Capital
Market to Banks, PSUs, State owned Corporations, Local
Statutory bodies, Corporate sector including MSMEs
 We are SEBI registered Category I Merchant Banker to render
Issue Management (Public / Rights / Private Placement Issues),
Underwriting, Consultancy and Corporate Advisory Services etc.
as a Capital Market Intermediary.
 We also hold SEBI Certificate of permanent registration to handle
"Bankers to an Issue" with network of exclusive Capital Market
Service Branches and designated Branches to handle ASBA
application, collecting (Escrow), Refund, Paying Banker
assignments.

 We do undertake "project appraisals" with linkage to resource
raising plans from Capital Market / Debt Markets and facilitate
tie-ups with Banks / Financial Institutions and Potential
Investors.
Additional SPECTRUM OF SERVICES:
Services
Equity Issue Management Debt Issue Management
(Public/Rights)
Structured Placements Project Appraisals
Monitoring Agency IPO Funding

Assignments
Security Trustee Services Agriculture Consultancy

Services
Corporate Advisory Services Mergers and Acquisitions
Buy Back Assignments Share Valuations
Syndication ESOS Certification
Debenture Trusteeship Demat Services- DP Cell
Issuing & Paying Agent (IPA)

for Commercial Paper Issues
ISSUE MANAGEMENT SERVICES :
Project Appraisal Capital structuring
DRHP/RHP- Compilation of Tie Ups (placement)

Offer Document.
Formalities with SEBI / Stock Underwriting

Exchange / ROC etc.,
Promotion /Marketing of Issues Collecting Banker / Banker

to an issue

Post Issue Management Refund Bankers
Debenture Trusteeship Registrar & Transfer Agency

(our Subsidiary)
ASBA-SCSB
USP  Our uniqueness is extending services under single window

concept covering the following areas:
 Merchant Banking
 Commercial Banking
 Investments
 Bankers to Issue - Escrow Bankers
 Underwriting
 Loan Syndication
Ref. Circulars  Canara Bank Website
2.1 A S B A [Applications Supported by Blocked Amount] Enabled SCSB

Service
Purpose  Applications Supported by Blocked Amount [ASBA] is an initiative
by SEBI to make the process of Subscription to Capital Issues
(Primary) more efficient. Under this system, the application
money will remain in the account of the customer, earning
interest till the allotment process is completed.
 We offer this facility to our CASA account holders intending to
invest in capital issues (both public and right issues).
 A hold is created in the account of the customer to the extent of
value of shares applied for in the primary market and the hold is
released after the finalization of Basis of Allotment. The blocked
amount is transferred to the issuer company to match the
quantum of shares allotted.
Requirements  Account holder / Investor should be from the approved category
eligible to apply as per SEBI guidelines.
 Should have a Savings / Current account (CASA) with us linked
with Permanent Account Number (PAN).
 Should have a Demat Account with a Depository Participant linked
with same PAN number.
 CASA account and Demat Account both should linked with same
PAN.
 Availability of sufficient balance in the account for creating a hold
in the account to the extent of application money required /
mentioned in the ASBA application, above the minimum balance.

 As per SEBI guidelines, Investor shall use only his/her own bank
account linked with Permanent Account Number(PAN) to make an
application in public issues.
 Applications made using third party bank account or using third
party linked bank account are liable for rejection. In other words,
the applicant and the account holder should be the same and PAN
should match.
USP  ASBA Application can be submitted at our branches.
 ASBA applications can also be submitted through intermediary by
using UPI linked Bank account.
 Option available to the investor to revise the bid/delete the bid
within the bidding period.
 ASBA facility extended for internet customers. Login to Net
Banking> Under Main Menu> Services>Others>ASBA > Issues which
are open will pop up
Ref Circulars Canara Bank Website,Cir 589/2013
3. Syndication Services
Purpose  A new value added fee based service of the Bank for Corporates.
 Supported by a pool of experienced professionals with
Engineering and Finance background.
 Strong underwriting capabilities of the Bank.
 The services shall be either on “Best Efforts” basis or on
“Underwriting” basis.
 Direct participation in projects syndicated.
 An end to end project finance solution provider.
 Reasonable fee structure
USP Benefits for Corporate:
 Complete menu of financing options.

 Borrowers can access from a diverse group of financial
institutions for funding.
 Funds can be raised at competitive price.
 Flexibility in structuring & pricing.
 Options such as multi-currency options, risk management
techniques etc.
 Save the time and efforts of approaching / negotiating with
individual banks for sanction.
 Comprehensive overview of Equity /Debt markets.
Ref. Circulars Canara Bank Website

4. Supply Chain Finance Management (SCFM) Service
Purpose  Supply Chain Management (SCM) is the management of a network
of interconnected businesses involved in providing product and
service packages required by end customers. It involves
management of information flow, product flow and cash flow to
earn money for a business entity by satisfying customer with
safety, good quality/service and competitive cost.
 A Supply Chain is a system of Organizations, people, technology,
activities, information and resources involved in moving a product
or service from supplier to customer.
 Supply chain activities transform natural resources, raw materials,
components into a finished product that is delivered to the end
customer in sophisticated supply chain systems. Supply chain links
value chains.
Eligibility  Supply Chain Finance Management is an innovative lending option
to extend working capital finance to the Suppliers (Pre-Sale Stage)
and Dealers (Post-Sale stage) Of Corporate Clients.
 Ensuring business continuity seamlessly by avoiding bottleneck in
working capital needs at both ends.
Other  Vendor Financing
Features  Dealer Financing and
 Electronic Invoice Presentment and Payment.(EIPP)
 Under Vendor Finance the supplier‟s of our Corporate get Finance.
 Under Dealers Finance the Corporate Clients get finance for the
sales made to their Dealers.
 When Finance is not required and bills can be presented and
settled on due date though e-mode using EIPP of SCFM.
 Financing is based on electronic capturing of invoices and
acceptances from Suppliers. to Corporate and Corporate to
Dealers through SCFM package.
 Invoices can be uploaded by the Corporate/Suppliers/Dealers or
by the Bank.
USP Bill financing to obviate Working Capital Stress
Ref Circulars Canara Bank Website Cir 369/2012,249/2013 and 453/2013.

11. CONSULTANCY SERVICES
1. Personal Tax Assistance & Investment Counselling
Purpose  Our services include preparation of income tax and wealth tax
returns and filing the returns.
Eligibility  The assistance is extended at present only to customers having
income under the heads salary, house property, capital gain and
income from other sources.
Rate  These services are offered at nominal charges based on the

workload involved in each case.
 This is very useful service to non-residents who have income in
India, as their income is subject to tax deduction at source itself
even if their total Indian income is less than maximum amount not
Other chargeable to tax.
Features  In case of retired persons and other salaried persons also these
services will be of immense use as they can rest by entrusting the
work of filing income tax and wealth tax return to the institution
which possesses the expertise to deal with such situation.
 Given the authority and details of sources, we ourselves will
collect the income details from various sources and ensure proper
filing of tax returns within stipulated time.
Ref. Circulars  Canara Bank Website
2. Tax Assistance Services

Purpose  Come March! Everyone gets worried about filing his Tax returns!
Eligibility  The assistance is extended to both customers and non-customers.
Other  Our specialised and professionally competent officials advise on
Features Tax planning and filing of returns.
 We undertake compiling and filing of Income tax returns.
 Both NRI and resident customers filing returns at Bangalore can
make use of these services.
Rate  These services are offered at nominal charges based on the
workload involved.

3. Estate & Wills Services
 Absence of your Will can result in your wife and children
Purpose benefiting quite differently from your intentions.
 A will is a document where an individual leaves instructions for
disposal of his/her properties after his/her death.
 Drafting of "Will" and witnessing execution of the same.
 Executor of Will: The Bank if appointed as executor under Will to
administer the estate property, carries out the same after the
Other
lifetime of testator/testatrix as per Will.
Features  The bank arranges for obtention of probate orders through the
appropriate courts, whenever the same is warranted.
 When any Testamentary Trusts are created through the Will, the
Bank acts as Trustee and manages the trust of perpetual nature.
 Safe custody facility is also available for keeping "Will" where bank
is not appointed as executor.
4. Debenture Trusteeship
Purpose  We are SEBI registered Debenture Trustees. We accept trusteeship

of debentures / bonds issued under private placement.
 We assist the Debenture / Bond Issuers (Public / Private company,
Govt / Semi Government bodies) on
 obtention of rating
Other  appointment of arrangers
Features  guidance on structured payment mechanism
 clarification on legal / statutory matters in issue of debentures /
bonds
 documentation process
 preparation of all kinds of related documents
 Creation of charge, registration and compliance of legal and
statutory requirements in this aspect.
5. Trustee Services – Private and Charitable

Share your wealth through a Trust for the cause of the poor and
Purpose needy.
 Driven by this noble thought, many a customer would like to
create a charitable trust for the benefit of poor and needy.

 The bank acts as Trustees for public, charitable religious and
other trusts. It also acts as trustees of a settlement, Trustees of a
minor's legacy, custodian trustee of properties held under Trusts
like, Pension, Provident & Gratuity Fund.
 The Bank if appointed as Trustee, assists the settler/author in:
1) Counselling and drafting of trust deeds.
2) Safekeep of trust property and payment of income to
beneficiary/ies on due dates as per the instructions of the
Other settlers.
Features 3) Managing Religious and Charitable Trust: Making payments of
income accrued on Trust corpus, for religious and charitable
purpose as per the desire of the settler.
4) Private settlements where formation of trust is desired for a
specific period for providing assistance and support to mentally
retarded/physically handicapped persons or other similar
objectives. We accept proposals for formation of trust having
investment of Rs.1.00 lakh and above.
"Sharing of Wealth for a noble cause with the assistance of the
USP
Bank”
6. Security Trusteeship
 We accept Security Trusteeship assignment for the loans/
Purpose advances granted by any Bank / Financial Institution (including
loan granted by our Bank) to any corporate body.
Under Security Trusteeship ;
 The intricacies of security creation passed on to the Security
Trustee.
Other
 Security Trustee ensures execution of documents for creation of
Features security and enforcement of security in case of default.
 Security Trustee is appointed with the consent of all the lenders
but at the cost of the borrower.
 Monitoring the servicing of loan / advances is out of Security
Trustee purview.
 Ideal in case of consortium lending and multiple banking.

7. Agriculture Consultancy Services
Agriculture Innovation Centre (AIC), a division of PC & FI Wing, is a
specialized cell for assessing the viability of agro based projects and
to provide consultancy services to the entrepreneurs in agricultural
sector.
 Undertake appraisal of projects in Agriculture and Allied

activities for clients seeking financial assistance from our Bank
and project formulation/appraisal for outside clients.
 Undertake technical/management consultancy issues related to
technology transfer training and Market research related to
Purpose agriculture and allied activities.
 Undertake viability studies, rehabilitation packages for sick units,
follow up consultancy etc.
 Preparation of model/pilot projects to support the Bank's lending
activities towards agro-sector and ensuring quality advances.
 Bring out publications/periodicals useful for the Bank in the field
of Agriculture and allied activities.
 The project reports prepared by Agricultural Innovation Centre
are accepted by all major banks and financial institutions.
 Threshold limit for project appraisal/vetting/project formulation
by AIC
 For new customers: Project cost above Rs. 150 lakhs
 For existing customers : Project cost above Rs. 300 lakhs
Projects  Farm Credit
Undertaken  Agriculture Infrastructure
 Food and Agro-processing
USP Appraisal, Viability and Projecrt reports under one Roof
8. NRI Consultancy
Purpose  This is a specialised service to help our non-resident customers
and others who find it difficult to operate their accounts
personally.
 We obtain power of attorney from the customer in our favour and
execute his instructions promptly and meticulously. It gives the
customer great confidence that his money is safe.
Eligibility  NRI
Other  Making investments in shares/debentures in Indian Companies by
direct subscription/ through market operation.

Features  Sale of shares/debentures of Indian companies through market
operation.
 Making other investments like fixed deposits/NSC/Units of
UTI/Govt. securities/ bonds of Public sector undertakings etc.,
(The above services are offered on Non discretionary basis and
specific instructions are to be given for each transaction).
 Opening of demat account with the depository participant and
handling their demat accounts.
 Making payment of Insurance premiums/utility bills /subscription
to Associations etc.
 Collection of income on investments/ realisation of investments/
safe custody of securities.
 Obtaining RBI permission for purchase/sale of shares. Follow-up
for purchase/sale of shares.
 Collection of income like rents and other receipts/effecting
remittances as per instructions / Computation of income and
filing of Income tax returns.

12. GENERAL PRODUCTS
1. Demand Drafts
Colour &  Only CTS standard DD forms are in use by all branches/offices
Type of DD
Digits  Printed serial No. 6 digits, Sort Code 9 Digits, Account Field - 6
digits, Transaction code – 2 digits
Working  Special assistants are authorised to sign DD upto Rs 50,000/-
Procedure  DD for Rs 1 Lac above should be signed jointly by two officers who
are authorised signatories
 BS& CA Section, HO can permit issue of DD for Rs 1 crore and
above favouring Commercial Bank, Financial Institutiions, Central
and State Government Departments. For this purpose OC- Blue
Colour Series DD can be used.
 DD of Rs 20000/- and above are to be issued with Account Payee
crossing only.
 Remittance of funds by way of issue of Demand Drafts for value
aggregating to Rs. 50,000/- and above should be routed/issued
only by debit to the customer‟s account or against cheques or
other instruments tendered by the purchaser and not against cash
payment.
 Cancelled DD are to be kept in file for verification by inspecting
officer - may be effectively destroyed
 DD for Rs 1,000/- and above paid in cash and DD for Rs 5,000.-
received in clearing/transfer should be screened in ultra violet
lamp
 Verification of DD by two officers for DDs of Rs 1 lakh and above
 Duplicate DD is issued within a fortnight from the receipt of such
request
 After 15 days interest payable to purchaser of DD at the rate
applicable for the Fixed deposit
 In respect of DD of Rs 5000/- and below, the branch need not
wait for reply and issue duplicate draft obtaining NF 351
 Branches may obtain simple undertaking letter and issue Duplicate
DD after receiving nonpayment advice – up to Rs 500/- in case of
non account holders and up to Rs 5,000/- in case of account
holders
 DD is valid for 3 months only
 Revalidation permitted only once and for 6 months

 DDs which have completed 1 1/2 years from the date of issue and
are not paid shall be treated as stale DDs
 Teller is permitted to issue DD against cash and transfer up to and
inclusive of Rs 15000/-
 Waiver of charges for issuance of DDs for amount/s equivalent to
average monthly current account balance in the succeeding
month.
Cancellation  For DD cancellation charges refer latest HO Circulars on Service
of DD Charges for non-credit facilities
New Features  The new DD format with new logo and New Design with following
Security features are furnished:
1. Bank Water Mark
2. Micro Lettering
3. Secure visible fluorescent printing
4. Star Marks
5. Invisible Emblem & Banks Name(Visible only under UV lamp)
 The security features mentioned under SL.No. 2, 3, 4, above are
in Flourescent printing and these features glow when held under
UV Lamp.
DD drawing  Our bank has permitted our RRBs to draw DDs on designated
arrangement branches of Canara Bank (where RRB branch is not functioning) in
permitted to the respective state of RRB
 A ceiling of Rs 10.00 lakhs per DD, per Party, per day is fixed to
our RRBs on
RRB branches for issue of DDs on Canara Bank Branches/Offices.
our branches/  The RRB branch to inform the drawee Branch of Sponsor Bank the
Offices full details of DDs issued.
Payment of  All branches are required to pay CBS DDs at their end itself and
DDs need not send the instruments to Accounts Section / Drawee
branches.
Ref. Circulars 215/2010, 186/09, 7/11, 317/11, 93/14, 165/14, 93/14, 381/14,
506/18
2. Safe Deposit Lockers

Definition/  Lockers available at select branches where Safe Deposit Vaults
Purpose are installed. Bank lets on hire safe deposit lockers to
individuals (Singly or jointly), Firms, Companies, Association or
Clubs, Trustees on nominal rent
 Relationship - Lessor (bank) and Lessee (customer)
Eligibility Any customer

Rent In case of new parties, 3 years rent + charges for break open of
locker in case of eventuality : to be collected in advance is kept in
FDR
Breaking Open If no operations of lockers continuously for 3 years or more in
of Lockers case of Medium Risk category and One year in case of High Risk
Category customers - Branches should send notice and break open
the locker
DELEGATION
FOR
PERMITTING RO HEAD
BREAK
OPENING OF
LOCKERS.
Revision of Operational guidelines for Settlement of Claims of Deceased Depositors
Operational & Return of Articles in Safe Deposit Lockers/ Safe Custody and
Procedure for Settlement of Claims in respect of Missing Persons, revised.
Settlement of
Claims of  To use the existing forms (as applicable) enumerated in the Manual of
Deceased Death Claims and Nomination for claim limits upto Rs. 50000.00
Depositors and under Simple Claim Settlement.
Return of  Introduction of Standardized new form for Death Claim Settlement
Articles in Safe (NF-1020) for other than nomination related claims above Rs.
Deposit 50000.00 in our Bank.
Lockers/ Safe  To fix a threshold limit of above Rs.5.00 lacs (Five Lacs only) for
Custody. obtaining surety/ies.
 To introduce opinion report on surety to be certified by the Branch-
In- Charge.
 To implement the “Probate of Will” mandatory in all cases
irrespective of area.
 For nomination related claims existing guidelines enumerated in the
Manual of Death Claims and Nomination shall continue (Claim
application form – NF 147).
Nomination  No nomination facility for Safe Custody Articles held by more
than one person
 In case of Locker hired by jointly with Joint Operations and
nomination, if any hirer dies, access will be given jointly to
survivor and nominee
Loss of Key  Loss of locker key : Charges: Rs. 200/- (in addition to actual
break open charges
Additional fees As per instructions / Circular from time to time
Legal This is governed by Indian Contract Act 1872
framework
Ref. Circulars 253/07, 611/2015. 609/2019, 52/2020, 105/2020

3. Safe Custody Articles
Definition/  This subsidiary service is rendered by the Bank to most valued
Purpose & customers. Bank undertakes the responsibilities of safe
Eligibility custody of articles entrusted by the customer under a
contract and return the same according to terms agreed upon.
Revision of Operational guidelines for Settlement of Claims of Deceased
Operational Depositors & Return of Articles in Safe Deposit Lockers/ Safe
Procedure for Custody and Settlement of Claims in respect of Missing Persons,
Settlement of revised.
Claims of  To use the existing forms (as applicable) enumerated in the Manual
Deceased of Death Claims and Nomination for claim limits upto Rs. 50000.00
Depositors and under Simple Claim Settlement.
Return of Articles  Introduction of Standardized new form for Death Claim Settlement
in Safe Deposit (NF-1020) for other than nomination related claims above Rs.
Lockers/ Safe 50000.00 in our Bank.
Custody.  To fix a threshold limit of above Rs.5.00 lacs (Five Lacs only) for
obtaining surety/ies.
 To introduce opinion report on surety to be certified by the Branch-
In- Charge.
 To implement the “Probate of Will” mandatory in all cases
irrespective of area.
 For nomination, related claims existing guidelines enumerated in the
Manual of Death Claims and Nomination shall continue (Claim
application form – NF 147).
Ref circulars 29/09,365/2010,527/2013, 609/2019, 52/2020, 105/2020
4. Cheque Drop Box Facility

Placement of  The Box shall be firmly fixed in the wall
Drop Box
Maintenance  The key be held by a PA holder authorized by branch-in-charge
of Keys The duplicate key is to be kept in the double lock
Operation of  PA holder authorized to operate the Box, shall open on all
Drop Box working days,at regular intervals depending upon the number of
instruments, clearing arrangement, etc
Display of  Branch to display on the Cheque Drop Box, the cut-off time for
Timings clearance of cheques for the information
In addition to  Under No Circumstances, branches shall refuse to accept the
above cheques over the counter
 Branches shall give proper acknowledgement when cheques are
tendered across the counters.

 Customers shall not be forced/compelled to drop the cheques in
the Drop Box
Cheque Drop  The Cheque Drop Box Facility is restricted to the customers to
Box Facility – drop cheques, to be presented in clearing
Pilferage of  The Cheque Drop Box shall be firmly fixed to the wall and secured
Cheques from with a lock of superior quality
Drop Box –  The key of the Drop Box shall be held by an Officer and to be part
Reiteration of of KRA for him.
Guidelines  The duplicate key of the Drop Box is to be kept in the Double
Lock
 In case of missing of one of the keys of Drop Box, the locking
system shall be replaced
 Ensure strict vigilance on the Cheque Drop Box against
pilferage/misuse/theft of cheques
Ref. Circulars  416/09 ,72/2011, 604/2016
5. Pre-Paid Payment Instruments

Definition/  Pre-paid payment instruments are payment instruments that
Purpose facilitate purchase of goods and services against the value stored
on such instruments.
Eligibility  Entities issuing Prepaid Payment Instruments (Other than Banks
and Non- Bank Financial companies) are required to maintain their
outstanding balance in an 'escrow account' with a scheduled
commercial bank.
Auditor‟s  Branches have to obtain auditor's certificate from the entities,
Certificate quarterly, certifying that the entity has been maintaining
adequate balances in the account to cover the outstanding
volume of payment instruments issued, within a fortnight from
the end of the quarter to which it pertains.
Escrow a/c  Branches, where escrow accounts of entities issuing Prepaid
Payment Instruments are maintained /opened, shall record with
the Registrar of Companies under Section 125 of the Companies
Act, 1956, the charge of the holders of the prepaid payment
instruments and / or the merchant establishments on the amount
lying in the escrow account.
Clauses  All new agreements entered into by branches (including renewals)
for maintaining/ operating escrow accounts of entities issuing
Prepaid Payment Instruments shall incorporate the exclusive
clause, as prescribed by RBI, on the charge of the holders of the
prepaid payment instruments and/or the merchant establishments

on the amount lying in the escrow account.
Ref. Circulars 47/2011, DOMESTIC PREPAID CARD POLICY 2019-20,
INTERNATIONAL TRAVEL PREPAID CARD POLICY -2019-20
6. Doorstep Banking Scheme

Purpose Doorstep banking facility is for Pick up/ delivery of cash /
instruments from/ at the doorstep of the customers.
Eligibility  All KYC Complied customers.
Other  Maintenance of average balance of Rs. 2 lakhs.
Features  Cash Pick up – Min Rs.1 lakh, Max-Rs.100.00 Lakhs.
 Cash delivery max Rs.5.00 lakhs per day.
 Service extended through service provider M/s Radiant Cash
Management Services upto 30/06/2020.
 PAN India coverage.
 Agreement as per Cir No. 567/2013 & Charges as per Cir No.
70/2014.
 Facility is extended to pensioners aged 75 years and above for
delivery of monthly pension. In case of sickness & hospitalization,
payment either in cash or by DD or by electronic remittance of
funds in favour of hospital for all pensioners.
USP An Extension of our Customer Service and Customer retention
Ref. Circulars 567/2013, 70/2014, 516/2014, 692/2014, 124/2020

13.GOVERNMENT BUSINESS PRODUCTS
1. Canara e-Tax
 Direct Taxes (e payment: Pay direct taxes)
 Goods and Services Taxes (GST)(e payment: Pay GST)
Purpose  Excise & Service Taxes (e payment: Pay Excise & Service Tax)
 Customs Duty (e payment: Pay Customs)
 E-payment for Cyber Treasury- Andhra Pradesh
 E-payment of Comm taxes- Bihar
 E-payment of BIHAR OGRAS
 E-payment of Trade & Taxes Govt of NCT Delhi
 E-payment of Comm Taxes-UT Administration of Dadra & Nagar
Haveli
 E-payment of Comm Taxes-Government of Gujarat
 E-payment of Comm Taxes- Govt of Karnataka
 Karnataka Beverages Corporation Ltd (KSBCL)
 Khajane2Receipts- Govt of Karnataka
 E-payment of Comm Taxes-Govt of Kerala
 Kerala eGRAS
 E-stamping- Maharashtra
 E-payment-Virtual Treasury-Maharashtra
 E-payment of Sales Taxes-Maharashtra
 E-payment of Comm Taxes-ODISHA
 E-payment of Comm Taxes-PUNJAB
 Rajasthan e-GRAS
 E-payment of Comm Taxes-TELANGANA
 E-payment of Comm Taxes-Tamil Nadu
 E-payment of Fees and Taxes for Transport Department- Tamil
Nadu
 E-payment of Comm Taxes- West Bengal
 Available on 24 x 7 basis for internet Banking customers.
Other  Instant cyber receipts for payment made.
Features  Ease of operation & convenience.
 No paper challan to be filled up.
Ref. Circulars Canara Bank Website/Cannet-Government Business
Section;54/2020

2. Handling of Departmentalized Ministerial Accounts
Purpose Handling Ministry of HRD A\Cs. (DMA)
Other We are the Accredited Bankers for : Ministry of HRD (Dept. Of
Features Education), Culture, Youth and Affairs and Sports, ASI
Ref. Canara Bank Website/Cannet-Government Business Section
3. Currency Chest Management

 Implementation of RBI Clean Note policy in letter & spirit.
 Ensuring chests to operate within the Chest Balance Limit
prescribed by RBI.
Purpose  To ensure that currency chests a re sorting the notes on day-
to- day basis.
 Chests to issue only machine processed notes to branches.
 Impressing upon the circles / chests to remit soiled notes to
RBI.
 Minimum A m o u n t of d e p o s i t & w i t h d r a w a l : Rs
Other 100000/- and thereafter in multiple of Rs.50000/-
Features  Time limit for reporting to Link Office: Same Day by 9 PM
through ICCOMS package.
Charges In case of CC operations penal interest charged at Bank Rate +2%.
Ref. Circulars Cannet-Government Business Section
4. Handling Central/ Civil/ Defence/ Railways/ Telecoms/

State Pension etc.
 Pension disbursement
 Generation of monthly pension payment scrolls
Purpose  Crediting monthly pension to pensioner‟s accounts
 Maintenance/storage of Pension Payment Orders and related
papers
 Seeking reimbursement of pension claims from



 pension reimbursing authorities without delay

 Formed Central Pension Processing Centre (CPPC) at H.O to
generate scroll centrally
Features
 Covering pension disbursement in 9 States (Karnataka,
Kerala, Tamil Nadu, Andhra Pradesh, Goa, Maharashtra, Uttar
Pradesh, Delhi and Kolkata city in West Bengal)
 One more additional service i.e. Updations of Pensioners life
certificate through Jeevan Pramaan mobile application of MietY,
Government of India is enabled at our BC Locations for the benefit
of Pensioners who are drawing pension from our Bank.
Ref. Circulars Canara Bank Website cir 527/2019, 559/2019
5. Sukanya Samriddhi Account

Sukanya Samriddhi Yojana has been introduced vide
Government of India Notification No. G.S.R.863 (E) dated
Scheme December 02, 2014 and circulated to Banks by Reserve Bank of
India vide their letter No.RBI/2014-15/494/IDMD
(DGBA).CDD/No.4052/15.02.006/2014-15 dated 11th March
2015.
 To promote
Resident the welfare
individual of Girl Child.
( Natural or Legal Guardian) can open
only one account in the name of the Girl Child upto 10 years
from the date of birth.
Eligibility  Maximum 2 Girl Children i n o n e f a m i l y (more than two accounts
may be opened in a family if such children are born in the first or in the
second order of birth or in both)
 Minimum Rs. 250 & Maximum Rs. 150000 in a FY
Limit of
 Subsequent deposits in multiples of Rs. 50 a n d n o l i m i t
subscripti
o n t h e number of deposits.
on
 The account allows subscriptions for 15 y e a r s .
Account matures on c o m p l e t i o n of 2 1 y e a r s from the
Tenure date of opening of the account.

Premature  in the event of death of the account holder, the account shall
Closure be closed immediately on application, on production of death
certificate issued by the competent authority and the
balance at the credit of the account and interest due thereon
till the date of death at the applicable rate shall be paid to
the guardian.
 Interest for the period between the date of death of the
account holder and date of closure of the account shall be
paid at the rate applicable on Post Office Savings Account for
the balance held in the account
 Where the Branch is satisfied that in case of extreme
compassionate grounds such as medical support in life-
threatening diseases of the account holder or death of the
guardian that the operation or continuation of the account is
causing undue hardship to the account holder, it may, after
complete documentation establishing the grounds for such
closure, by order and for reasons to be recorded in writing,
allow premature closure of the account. Outstanding balance
in the account with interest due as applicable to the Scheme
shall be paid to the account holder or guardian, as the case
may be Provided that no premature closure of an account
under this sub-paragraph shall be made before completion of
five years from the date of opening of the account.
Interest shall b e c o m p o u n d e d yearly at the rate notified by
the Government from time to time and shall be credited to the
Interest account at the end of each financial year.
Withdrawal Withdrawal is permissible after the Beneficiary Account Holder
has attained the age of eighteen years or has passed tenth
standard, whichever is earlier. An account under default should
be regularised before the withdrawal is allowed.
Falls under „ EEE‟ category o f tax Regiment (i.e. Exempt, Exempt,
Exempt) which means
Tax Benefits a. Subscription paid is „Exempt‟under Sec 80C of IT Act
b. Interest earned is totally „Exempt‟ from Income tax
c. Total amount is fully „Exempt‟from the purview of Tax.
d. Branches should obtain PAN no and to be updated in package.
Ref. Circulars Canara Bank Website, 155/2020

6. Public Provident Fund (PPF-2019)
Eligibility Resident Individuals (No maximum age limit)

Individuals on behalf of Minors
NRIs & HUFs are not eligible
Joint accounts and Institutional accounts cannot be
opened
Minimum/  Minimum: Rs 500/= Maximum: Rs 150000/= per annum i n
Maximum one or any number of instalments.
amount of  Accounts become discontinued if minimum Rs 500/=
Investments is not subscribed in a year and discontinued accounts
can be closed only after 15 years.
Duration  15 years (FY from 1st April to 31st March)
 Can be extended for one or more blocks of 5 years
Rate of Interest shall be compounded yearly at the rate notified
Interest by the Government from time to time and shall be credited
to the account at the end of each financial year.
Loans Loan not exceeding 25%of the balance outstanding at the end
of the first/second/third financial years c a n b e t a k e n in
the third/fourth/fifth financial years from the financial year
in which the account was opened. No loan can be taken after
the end of the 6th financial y e a r (i.e. in 7th Fi n an ci a l Year)
from the f i n a n c i a l y e a r in which the account was opened.
Withdrawals Only one withdrawal is permitted any time after the expiry of
5 years from the end of the year in which the initial
subscription was made. The amount of withdrawal is
restricted to 50%of the credit balance at the end of the
fourth year immediately preceding the year of withdrawal
or the year immediately preceding the year of
withdrawal, whichever is lower.
Maturity of An account becomes matured for closure on the 1st day of
Account the 17th Financial Year (i.e., on 1st April)
Pre mature Permitted with certain condition.
closure
Nomination Nomination facility is available and can be made in the name
of maximum 4 persons.

Falls under „ EEE‟ category o f tax Regiment ( i.e. Exempt,
Exempt,Exempt) which means
Tax Benefits a. Subscription paid is „Exempt‟ under Sec 80C of IT Act
b. Interest earned is totally „Exempt‟ from Income tax
c. Total amount is fully „Exempt‟from the purview of Tax.
d. Branches should obtain PAN no and to be updated in package.
e. Branches should obtain 15 G/H and to be updated in package.
References Ref Circular 154/2020
7. Senior Citizen Savings Scheme (SCSS)
Eligibility  Resident Individuals who have attained the age of 60 years on

the date of opening of an account can open individually or
jointly with spouse only. (The age of the spouse need not be 60
years or above mandatorily)
 Individuals who attained the age of 55 years or more but less
than 60 years, and who have retired on superannuation or
otherwise on the date of opening of an account (within one
month from the date of receipt of retirement benefits and proof
of date of receipt of such retirement benefits from the
employer).
 The Defence service personnel (excluding Civilian Defence
Employees) who retired on superannuation even before
attaining 55 years shall be eligible to subscribe under the
scheme
 The Defence personnel who retired otherwise than on
superannuation can open on attaining the age of 50 years only.
 HUFs are not eligible to open account under these rules.
Minimum/Ma  Minimum: Rs.1000 & in multiples of Rs 1000
ximum  Maximum: Rs. 1500000/=
amount of
 Both the spouses can open individual and /or joint accounts
Investments
with each other with maximum deposit up to Rs 15 lakhs
each.
 Retirees between the age of 55 and 60 years can make the
deposits limited to the retirement benefits received by
them or Rs 15 lakhs, whichever is lower. They have to open
the account within one month of date of receipt of
retirement benefit with proof.
 Any number of accounts can be opened subject to the limit

of Rs 15 lakhs per individual.
Duration Matures on completion of 5 years and no partial withdrawal.
Rate of Interest As decided by Central Government from time to time. Interest is
credited to the operative S B account of depositor
quarterly.
Pre mature The depositor may be permitted to withdraw the deposit and
closure close the account at any time after opening of the account
subject to the some conditions.
Nomination  The depositor may at the time of opening of the account
nominate maximum 4 person/s.
 The nomination made by the depositor may be cancelled or
varied by a fresh nomination in Form.
Tax Benefits Interest credited in the account attracts TDS at applicable rates,
References Ref Circular 153/2020
8. Kisan Vikas Patra Scheme (KVP 2019)
Eligibility  An adult for himself;

 Adult on behalf of a Minor/or to a Minor;
 Jointly to three adults, payable to both holders jointly or to the
survivor;
 Jointly to three adults, payable to either of the holders or to the
survivor;
 NRIs / HUFs are not eligible.
Minimum/  Minimum Deposit: Rs 1,000/- (and in multiples of Rs.100/-)
Maximum  Maximum Deposit: No Limit
amount of
Investments
Duration Subject to the Government of India notification issued from time to
time
Issue of On payment being made by Cash/our Bank‟s Cheque, Pay Order or
certificate Demand Draft, a Certificate shall be issued immediately and the date
of such Certificate shall be the Date of Payment;
a. Where payment for the purchase of a Certificate is made by other
Bank‟s Cheque, Pay Order or Demand Draft, the Certificate shall be
issued after the realisation of the proceeds of the cheque, pay order
or demand draft, as the case may be, and the date of such
Certificate shall be date of realisation of the cheque, pay order or
demand draft.
b. If, for any reason a Certificate cannot be issued immediately, a

provisional receipt shall be given to the purchaser which may later
be exchanged for a Certificate and in such a case the date of
Certificate shall be the date of provisional receipt.
Pre mature I. A Certificate may be prematurely encashed at any time under the
closure following circumstances:
a. on the death of the holder or any of the holders in the case of a
joint holder;
b. on forfeiture by a pledge being a Gazetted Government Officer;
c. when ordered by a court of law.
For the above mentioned circumstances, the face value of the
Certificate, together with simple interest calculated for the
completed months, at the rate applicable from time to time to Post
Office Savings Account, shall be payable.
II. Notwithstanding anything contained in the above mentioned

circumstances, a Certificate is also encashable any time after expiry
of two years and six months from the date of opening of account,
and the amount payable including interest shall be as specified in
the Table, receiving from NSI/MoF every quarter..
Nomination Nomination can be made maximum 4 at the time of purchasing

the Certificate or at any time before its maturity.
References Ref Circular 465/2018, 503/19
9. Electronic Accounting System for e-Receipts in

Customs (EASeR-C)
 Facilitation a n d Convenience of Online payment
 Anytime anywhere
 Simplified Procedure for Customers
Purpose  Logical Tax Collection Data In electronic format
 Faster remittance of tax revenue and speedy Accounting &
Reporting.
 Paperless transactions
 E-payment solution integrated with ICEGATE as per the
procedure laid down by CBEC
 A Single E-FPB for all Commissionerate /EDI
Features
 E-FPB will scroll the e-Receipts Major –head wise for e-PAO
 E-FPB will send the digitally signed electronic file (CR11,CR12
and CR13) to e-PAO
 E-FPB will remit the Funds to RBI through Link Cell, Nagpur

10. Defined Contributory Pension Scheme Employees
Purpose New Pension Scheme (NPS) in the banking sector in

respect of employees who joined the bank on or after
01/04/2010
Features  Employees joining the services of the Banks on or after 1st
April 2010 have been covered under Defined Contributory
Pension Scheme.
 The Defined Contributory Pension Scheme introduced in
Banking Sector will be one as governed by the Provisions
of New Pension Scheme for the employees of Central
Government w.e.f 01/01/2004 as modified from time to
time.
 NPS has unbundled Architecture, where each function is
performed by different entity like:
 Central Record Keeping functions are performed by the NSDL.
Record keeping, administration, Issue of Unique Permanent
Retirement Account N u m b e r to e a c h subscriber of t h e
NPS, maintaining a database of all PRANs issued, Statement
of subscriber and Customer service functions for all
subscribers.
 Funds are managed by Fund Managers from Public Sector
with proven track record and are required to invest strictly
in accordance with the guidelines issued by the
Government of India and PFRDA. As per the recent
notifications issued by PFRDA, our BANK had chosen SBI
PENSION FUNDS LTD as PENSION FUND MANAGER to manage the
funds of the employees.
 BANK OF INDIA provides TRUSTEE BANK functions. The Trustee Bank
would manage the banking of Pension Funds in accordance
with the applicable provisions of the NPS scheme
guidelines / notifications issued by PFRDA, Ministry of Finance
and Government of India from time to time.

11. Mahatma Gandhi Pravasi Suraksha Yojana ( MGPSY )
Purpose A Special Social Security Scheme launched by Ministry of
Overseas Indian Affairs (MOIA) for Overseas Indian workers with 3
benefits viz. Old Age Pension, Savings for Return & Resettlement
(R&R) and Life Insurance cover against natural death.
 Emigration Check Required (ECR) passport and a valid work
permit or employment contract in any of the 17
ECR countries.Afghanistan, Bahrain, Indonesia, Iraq, Jordan,
Eligibility Kuwait, Lebanon, Libya, Malaysia, Oman, Qatar, Saudi Arabia,
Sudan, Syria, Thailand, United Arab Emirates (UAE) and Yemen
 The Age between 18 and 50 years old
 Bank Account in own Name

Features  It is voluntary - a voluntary social security scheme cutting
across all States in India and 17 ECR ( Emigration Check
Required ) countries for eligible subscribers
 It has a simple and Integrated Framework – A single
window interface where the applicant is required
to approach MOIA appointed Service Provider for
registration in the Scheme, paying contributions and for
resolving grievances
 Co-contribution by Govt. of India – Govt. of India will co-
contribute into each subscriber‟s account to encourage
subscribers to invest and participate in the scheme
and also to absorb any charges towards subscriber‟s
account maintenance
 Government contribution o f Rs1000 per annum in
l i n e w i t h Swavalamban platform for all SGB subscriber
who save between R s 1000 and R s 12000 per year in NPS-Lite.
 An additional government contribution of Rs 1000 p e r
a n n u m by MOIA for the overseas Indian Women workers
who save between Rs 1000 and R s 12000 per year in NPS-
Lite.
 A special government contribution of Rs 900 by MOIA
towards Return and Resettlement (R & R) of the overseas
Indian workers who save Rs 4000 or more per annum.
 Ensures pension in old age through the PFRDA regulated NPS
Lite i.e. Swavalamban
 Support in Savings for Return & Resettlement (R&R) through
a SEBI regulated mutual fund (Monthly Income Scheme – MIS
by UTI )
 Life Insurance cover against natural / accidental death
and disability
 Scheme Partners:
o M/s. Pension Fund Regulatory and Development
A u t h o r i t y – Swavalamban Scheme
o UTI Mutual Fund – Return and Resettlement Fund
o LIC of India – Life insurance coverage through Janashree
Bima Yojana – JBY
o M/s. NSDL – MGPSY Record Keeping Agency (MRKS)
 Our Bank has registered with the scheme partners
concerned as Service Provider.

Designated  India
1) NRI Service Centre, C O, Trivandrum – all the B r a n c h e s
Branch/Centr
c o m i n g under Trivandrum, Kollam, Alleppey, Kottayam
e and Pathanamthitta Districts.
2) Calicut, Chalappuram – all the Branches coming
under Kozhikode, Kannur, Kasargod, Wynad and Malappuram
Districts.
3) Ernakulum South Branch – a l l t h e Branches coming
under Ernakulum, Idukki and Trichur Districts.
4) Palghat Sulthanpet M a i n – a l l t h e Branches coming
under Palakkad Dist.
 NRI Hub, Naveen C o m p l e x , M.G. Road, HO, Bangalore – all
the Branches coming under all other Circles
 Overseas
o Manama – Kingdom of Bahrain
o Sharjah Representative office, Sharjah, UAE
o Al Razouki International Exchange Co. Dubai, UAE
o Easter Exchange Est., Doha, Qatar
 Nodal Centre: NPS Cell, Govt. Business Sec., Govt. Business &
Cash Management Wing
Website Ministry website link details:
Cannet>Govt. Business>MGPSY>Services>Link>www.moia.gov.in>
click website>Services>Emigration Services>MGPSY. All the details
issued by Ministry are available.
Reference 84/2014 144/2014,
12. National Pension System (NPS) - Corporate Sector

The Model
Government of India has introduced NPS with effect from
Purpose 1 st January 2004 in respect of all new entrants to Central
Government services, excepting the Armed forces.

 A separate model c a l l e d “NPS- Corporate Sector Model” has
b e en launched by PFRDA to provide NPS to the e mp lo yee s of
corporate entities, including PSUs, since December 2011.
 PFRDA has appointed Canara B a n k as Points Of Presence
( POP) to implement the scheme through our Branches
ca lled POP Service Providers (POP-SP).
Features
 Corporate desirous of extending NPS to their employees would
need to tie up with any of the approved POPs under NPS
through MOUs.
 Corporate would have flexibility to provide Investment choice
either at s u b s c r i b e r level or at t h e corporate level
centrally for a ll its underlying subscribers.
 Two Type of Account Options: Tier I –non w i t h d r a w a b l e &
Tier II- voluntary and withdrawable.
13. National Pension System (NPS). All Citizens Model

Purpose  The Central Government has introduced NPS - AtL CITIZENS MODEL
w.e.f 01.05.2009, for eligible subscribers of the organized
sector. NPS offers lndian citizens a low cost option for planning
their retirement
 Canara bank is appointed as point of Presence (POP)by
PFRDA (PENSION FUND REGULATORY AND DEVELOPMENTAUTHORITY)
implementing NPS –All citizen Model

Features  Any citizen of India between the age 18 To 65 years of age
can enroll
 Safe and reasonable market based returns over the long
term, since investment will be made under Central Govt
schemes in Equities, Corporate Bonds or Govt Securities
through NSDL.
 PRAN is allotted with validity across India
 PRAN will provide access to two personal accounts
 Tier I pension account: contribute savings f o r retirement
into this non withdrawal account.
 Tier ll savings a c c o u n t : an a d -on v o l u n t a r y savings
a c c o u n t with anytime withdrawal facility.
 AUTO CHOICE option (Life cycle fund) where money will get
invested in various types of scheme as per age.
 Provides Unique In te rnet personal Identification Number
( I-pin for secure w e b based i n t e r f a c e to its subscriber‟s
through from www.cra- nsdl.com.
 Eligible for tax exemption as per IT ACT 1961 as amended
from time to time
Guidelines  NewNomination
subscriber facility
who wants to join NPS can open Tier 1 & II
Available
for account simultaneously by submitting composite
Branches application from UOS-S1
 Initial amount of deposit for opening Rs 500/- for Tier I ,
Rs 1000/- for Tier II
 Pre existing Tier I subscriber can open Tier II account by
submitting UOS_S10 application form to the same POP_SP
 Minimum contribution Rs 500/-at the time of subsequent
contribution & Rs 1000/-Pa for Tier 1
 Minimum contribution Rs 250/- at the time of subsequent
contribution
 Separate choice of scheme preference ,PFMs & nomination
in Tier II
Opening of  Registration by subscriber online using the link for NPS All Citizens
account and  Model Account opening in our corporate website
payment of (www.canarabank.com)
contribution  Updated Scheme guidelines/detailed Technical
online guidelines provided in cannet.
 Payment of subsequent contributions online by subscriber using the
link: Pay National Pension system - Contribution in our corporate
website (www.canarabank.com)

Ref. Circulars 315/2012,225/2019
14. Atal Pension Yojana

To provide social security to the unorganized sector workers.
- It is a Government of India Scheme
- Administered by PFRDA (Pension Fund Regulatory and Development
Purpose Authority)
- NSDL (National Security Depository Ltd) would act as CRA (Central
Recordkeeping Agency)
- Institutional framework of NPS (National Pension Scheme) is utilized for
enrolling the subscribers
- The APY Scheme is open to all bank account holders, who are not
members of any statutory social security scheme
- APY Scheme is mainly targeted at unorganized sector workers, traders,
Eligibility
self employed, agriculturists
- The existing subscribers of Swavalamban Scheme would be
automatically migrated to Atal Pension Yojana, unless they opt out;
Age criteria Minimum age while joining is 18 years; Maximum is 40 years
Period of - Pension payment commences at the age of 60 years

contribution
- Therefore minimum period of contribution is 20 years or more
 Fixed pension per month for the subscribers ranges between
Benefit / R s .1,000 and R s .5,000 at the age of 60 years
Fixed  It depends on the subscriber‟s contribution & the age of
Pension joining the APY
Payable:  The benefit of fixed pension is guaranteed by the Government
 In the e v e n t o f death of the s u b s c r i b e r after 6 0 years of
age, the spouse of the subscriber would be e n t i t l e d for
Monthly Family Pension
Monthl
y  For example, to get a fixed monthly pension of R s .1,000 per
Family month, the subscriber has to contribute on monthly basis a
Pensio sum of Rs.42/- if he joins at the age of 18 years
n:  If the age at entry is 40 years, to get the same monthly
pension of Rs.1,000, the subscriber has to contribute a sum
of Rs.291 per month

Return of In the event of death of subscriber as well as his/her spouse,
Corpus to the Corpus accumulated in the APY account would be paid
the to the nominee
Nominee of
Subscribers
Ref Circular 216/2015, 86/2018, 284/2019, 408/2019
:
15. Pradhan Mantri Suraksha Bima Yojana ( PMSBY)
 The Government of India, as a part of its Social Security
Measures, has announced Pradhan Mantri Suraksha Bima
Yojana (PMSBY) offering Personal Accident cover of `. 2, 00,000/-
at a very nominal annual premium of `. 12/- plus tax for all
Scheme
Savings Bank account holders aged between 18 and 70 years.
 Bank has entered MoU with Bajaj Allianz General Insurance Co.
(BAGIC) (w.e.f.1st June 2017) for offering PMSBY to SB customers
 BC agents can canvas for new subscribers and enrol them in BC Hybrid
Model. (284/19)
 All Savings Bank Customers aged between 18 to 70 years. In case
of multiple saving b a n k a c c o u n t s held b y an i n d i v i d u a l in
one o r different banks, the person would be eligible to join
the scheme through one savings bank account only.
Eligibility  In addition to Savings Bank Customers, all types of individual
a /c holders (except institutional) are eligible to avail cover under
PMSBY Scheme, subject to fulfilling the specified age criteria.
 BCs / Micro agents are e l i g i b l e fo r commission year o n ye a r
o n renewals for all enrolments mobilized by them.
Premium Rs.12/- per annum per member. The premium will be deducted
from the account holder‟s savings bank account through
„auto debit‟ facility in one instalment on or before 1st June
of each annual coverage period under the scheme. However, in
cases where a u t o debit takes place after 1st June, the cover shall
commence from the first day of the month following the auto
debit.
Table of benefits SUM INSURED
a. Death due to accident Rs 2 lakh
b. Total and i r r e c o v e r a b l e loss of both
Benefits e y e s or loss of use o f both h a n d s or
feet o r loss of sight of one eye and loss of Rs 2 lakh
use of hand or foot
c. Total and irrecoverable loss of sight of one Rs 1 lakh
eye or loss of use of one hand or foot
Cover Period Coverage period 1st June to 31st May on an annual renewal basis.

Master Policy Bank will be the M a s t e r p o l i c y holder a n d t h e eligible
Holder customers opting for enrollment shall be the members.
Claims As per the procedure mentioned in Ho Cir 257/2018.
Settlement
The time  The nominee of the insured should g i v e notice t o Bank
limit for branches within 30 days from the date of accident/loss.
Lodging  All papers should be submitted to insurer within 60 days from
Claims date of accident/loss.
 The accidental injury resulting into death / disablement within a
period of 6 months from t h e d a t e o f accident only becomes
admissible under the policy.
Cancellation The enrolment can be cancelled by written request from the
customer.
Ref Circular 215/2015, 276/2015, 590/2015,103/2016,307/2016,257/2018,
284/2019
16. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme

 The scheme will be a one year cover, renewable from year to
year, Insurance Scheme offering life insurance cover for death
due to any reason.
Scheme
 Bank has entered into MoU with Canara HSB C OBC Life Insurance
Co. (w.e.f.1st June 2017) of India to offer PMJJBY cover to all
eligible SB customers.
 All enrolments have a 45 days lien clause whereby claims for death
which occur during the first 45 days from the date of enrolment will
not be paid.
 This schemebank
All savings can be enrolledholders
account through of BCthe
terminals
bank also.
aged between 18
years (completed) and 50 years (age nearer birthday) who
give their consent to join / enable auto-debit, as per the
above modality, will be enrolled into the scheme.
Eligibility
 In addition to Savings Bank Customers, all types of individual a /c
holders (except institutional) are eligible to avail cover under
PMJJBY Scheme, subject to fulfilling the specified age criteria.
 BCs / Micro agents are e l i g i b l e fo r commission year o n ye ar o n
renewals for all enrolments mobilized by them.
Premium Rs.330/- per a n n u m per me mb e r .
Coverage Rs 2 lakh is payable on member‟s death due to any reason
Cover Period Coverage period 1st June to 31st May on an annual renewal basis.
Master Policy Bank will be the Master policy holder.
Holder:

Claims As per the procedure mentioned in Ho Cir 257/2018.
Settleme
nt
Cancellation The enrolment can be cancelled by written request from the customer.
Ref Circular 214/2015, 275/2015,590/2015,103/2016,307/2016,284/2019
17. Sovereign Gold Bond

Issuance Will be issued by RBI on behalf of Government of India;
Eligibility The Bonds wi ll be r e s t r i c t e d for sale t o r e s i d e n t Indian
entities, including individuals, HUFs, Trusts, Universities,
Charitable Institutions;
Denomination The Bonds will be denominated in multiples of grams of gold with a

basic unit of 1 gram.
Tenor The tenor of the Bond will be for a period of 8 years with exit
option
Minimum & Minimum- 1gm, Maximum- 4 Kg Individual/HUF, 20 Kg trusts
Maximum and similar entities per fiscal.
Limit
Joint holder In case of joint holding, the investment limit will be applied
to the first applicant only;
Frequency The Bonds will be issued in tranches. Each tranche will be kept
open for a period t o b e n o t i f i e d . Every tranche issuance date
will be specified in the notification.
Issue Price  Price of Bond will be fixed in Indian Rupees on the basis of
previous week‟s (Monday-Friday) simple a ve ra g e o f closing
price of gold of 999 purity published by the Indian Bulllion and
Jewellers Association Ltd (IBJA).
 The Issue Price of the Sovereign Gold Bonds remains Rs50/-
per gram less than the nominal value to those investors
applying online and the fund supporting the application is
paid through digital mode.
Payment Payment for the Bonds will be through electronic funds transfer /
Option cash payment / cheque / demand draft
 Government of India Stock under GS Act, 2006. The investors will
be issued a Stock/Holding Certificate.
Issuance Form  The Bonds are eligible for conversion into de-mat form.
 The Bonds shall be eligible for trading.
The redemption price will be in Indian Rupees based on previous
Redemption week‟s (Monday-Friday) simple average of closing price of gold of
price 999 purity published by IBJA.

The investors will be paid interest at a fixed rate of 2.50%per cent
Interest rate: per annum payable semi-annually on the initial value of
investment
Bonds can be used as collateral for loans. The loan to value
Collateral : ratio (LTV) is to be set equal to ordinary gold mandated by the
RBI from time to time
Tax The interest on Gold Bonds shall be taxable as per the provision of
Treatment: Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on
redemption of SGB to an individual has been exempted. The
indexation benefits will be provided to long term capital gains
arising to any person on transfer of bond.
Tradability: Bonds are tradable on exchanges.
Reference CANNET GOVERNMENT BUSINESS, 488/2017,
337/19,389/19,461/19,512/19,514/19,537/19,600/2019,30/2020,56/2
020,110/2020 .
18. Gold Monetization Scheme

Objective Gold Monetization Scheme (GMS), which modifies the existing
„Gold Deposit Scheme‟ (GDS) and „Gold Metal Loan Scheme
(GML), is intended to mobilise gold held by households and
institutions of the country and facilitate its use for
productive purposes, and in the long run, to reduce country‟s
Applicability All reliance
Scheduled on the import of Banks
Commercial gold. e x c l u d i n g RRBs are
eligible t o implement the Scheme.
Eligibility Persons e l i g i b l e to make a deposit - Resident I n d i a n s
( Individuals, HUFs, T r u s t s including Mutual
Funds/Exchange Traded Funds registered under SEBI (Mutual
Fund) Regulations and Companies) can make d e p o s i t s under
the S c h e m e . Joint deposits of two or more eligible
depositors are also allowed under the Scheme and the
deposit in such case shall be credited to the joint deposit
account opened in the name of such depositors. The existing
rules regarding joint operation of bank deposit accounts
including nominations will be applicable to these gold
deposits.

Scheme  The minimum deposit at any one time shall be raw gold (bars,
coins, jewellery excluding stones and other metals) equivalent
to 30 grams of gold of 995 fineness. There is no maximum limit
for deposit under the scheme. All transactions under the
scheme with the designated bank shall be in gold of 995
fineness.
 The principal and interest of the deposit under the scheme
shall be denominated in gold.
 All deposits under the Scheme shall be made at the CPTC
(Collection and Purity Testing Centres).
 During the period commencing from the date of receipt of
gold by the CPTC to the date on which interest starts
accruing in the deposit, the gold accepted by the CPTC shall
be treated as an item in safe custody held by the
designated bank.
Interest Interest on deposits under the scheme will start accruing
from the date of conversion of gold deposited into tradable
gold bars after refinement or 30 days after the receipt of
gold at the CPTC or the bank‟s designated branch, as the case
may be, whichever is earlier.
Types of Short Term Bank Deposit (STBD)- will be made with the
Deposit designated banks for a short term period of 1-3 years (with a roll
over in multiples of one year) and will be treated as their on-
balance sheet liability.
Medium and Long Term Government Deposit (MLTGD) - will not

be r e f l e c t e d in t h e balance sheet of t h e designated
banks. It will be the liability of Central Government and the
designated banks will hold this gold deposit on behalf of Central
Government until it i s t r a n s f e r r e d to s u c h person as
m a y be determined by the Central Government. The deposit can
be made for a medium term period of 5-7 years or a long term
period of 12-15 years or for such period as may be decided from
time to time by the Central Government.

14. Non-Financial Schemes
1. Farmers Club
Purpose  VVV club rechristened as Farmers Club – Cir 179/05
 Informal group of progressive & prompt paying borrowers who
disseminate the information to the Rural fraternity about the various
financial products and the principle of” Development Through
Credit”and inculcate the habit of savings,better repayment ethics.
 Farmers Club act as bridge between the rural people, Bank,
NABARD& Govt.Departments also act as Financial Literacy Centre,
Business Correspondences/Business Facilitators/SHG Promoters etc.
 Size: Minimum 10 members. No restriction on upper limit.
 Membership: All villagers except defaulters.
 Leader: Democratic election, valid for 2 years.
Eligibility  NABARD will provide Rs.10, 000/- per club for 3 years.
 Subsequently, our Bank will provide Rs.2000/- per year for 2 years.
After 5 years, farmers club to become self sustain.
 DM/AGM CO authorized to sanction the expenditure
Routine  Expenses related to – Formation of FC, Maintenance of FC 3 to 5
Activities years, Preparation of Plan, Identification , Recoveries etc.
Ref. Circulars  156/04, 179/05, 54/08 & 89/09
2. Mobile Sales Van (NammuraSanthe)

Purpose  A pioneering effort for helping women entrepreneurs in
marketing. Canara Bank, as part of its Corporate Social
responsibility (CSR) initiatives has sponsored a Retail Mobile
Marketing Van for Display cum Sale of House hold products,
articles made by Self - Help Groups, Small women entrepreneurs,
Artisans, Self Employed women etc.

Other  This van is custom built high tech, solar powered, equipped with
Features computerized billing, swiping machine for credit/debit card
acceptance.
 This marketing van will be stationed in important locations to
enable the citizens of the city to see and purchase the products
manufactured by artisans and other underprivileged women
entrepreneurs
 This Mobile Van thus provides a platform for publicity of products
in the entire city instead of being restricted to one area/locality.
 This is a hand holding effort by Canara Bank in support of small
women entrepreneurs, SHGs, SHG Membersetc to get them access
to market channels for their quality products. It is a unique effort
in helping the disadvantaged groups in marketing their products.
 Presently the mobile sales van has been provided in 4 centres in
Bangalore (Karnataka)
Aligarh (Uttar Pradesh)
Pudupudur (Tamil Nadu)
Thrissur (Kerala)
3. Canara Bank Centenary Rural Development Trust

(CBCRDT)
Purpose  CANARA BANK has been pioneer in initiating and implementing
multifaceted and innovative programs aimed at development of
people from the lower strata of the society. The Bank has been
playing a pivotal role and trying to bring about a socio-economic
transformation in the society, particularly in rural areas.
 The Bank, in its endeavour to promote Rural Development has set

up an exclusive trust in the name of Canara Bank Platinum
Jubilee Rural Development Trust during 1982. The Trust was
renamed as Canara Bank Centenary Rural Development Trust
(CBCRD TRUST) in the Centenary year 2006. The Trust assists 23
Rural Self Employment Training Institutes (RSETIs), 5 CB institute
of Information Technology (CBIITs) and 3 Artisan Training Centres
(CBIAs) spread across the nation. It is governed by Board of
Trustees.
 CBCRD Trust has started 31 Self Employment Training Institutes
with a focused approach to:

 Identify, Orient, Motivate, Train and Assist the
unemployed youth to take up self-employment ventures.
 Take up research and development activities in
Entrepreneurship and Rural Development
 Training village level workers to work in rural development
 Counseling and project consultancy.
The network of training institutes are as follows:
A. Canara Bank Rural Self Employment Training

Institutes(CBRSETIs) -23 PAN India
B. Information Technology Training institutes have been
established to make under privileged youth Tech-Savvy thus
bridging the digital divide. The CBIITs are at
1. Bangalore,
2. Thiruvananthapuram
3. Alleppey
4. Kolkata
5. Lucknow
C. Three Artisans Training Institutes (CBIA – Canara Bank

Institute for Artisans) are working towards developing and
promoting traditional arts and crafts. The institutes aresituated
at
1. Jogaradoddi nearBidadi, Bangalore

2. Karkala near Mangalore
3. Karaikudi near Madurai,Tamilnadu
D. RURAL DEVELOPMENT SELF EMPLOYMENT TRAINING

INSTITUTES (RUDSETIs)
 The Bank also partnered with Sri DharmasthalaManjunatheshwara
Educational Trust and Syndicate Bank in setting up Rural
Development Self Employment Training Institutes (RUDSETIs).
 Now, 27 RUDSETIs across the country is functioning to enable
unemployed youth to become self employed.
E. Other Co- Sponsored Institutes
 Bank has also co-sponsored Canara Bank Deshpande Rural Self

Employment Training Institute at Haliyal, Uttara Kannad District,
Bankers Institute of Rural and Entrepreneurship Development at
Hyderabad and Karnataka Farmers Resource Centre at Bagalakot.
Vision  To create awareness among rural youth of alternate
avenues available for their livelihood. Identify, motivate
and train the Rural youth for Self-Employment and self-
esteem. To Encourage Rural Entre preneurship Counseling
of women force to create substantial impact in the Rural
Society. Assist and Train the Self-Help Groups for women
empowerment. Impart Entrepreneurship Training to
management personnel.
Training  The Training programmeshave been desi gned to meet the
local needs and use local infrastructure and environment
for alternative career. 56 Skill Development courses and
5 General EDP have been designed ranging from 1-6 weeks
for intensive training.
Circular  Canara Bank Website
4. CED for women

Purpose OBJECTIVES :
 To identify, Motivate and Train Women Entrepreneurs

 To conduct General and Skill Development Programmes (EDPs)
for different Target groups
 To assist potential women entrepreneurs to start / establish /
run an enterprise professionally.
 To guide existing entrepreneurs in improvisation modernization
of an existing unit.
 To coordinate with government / voluntary organizations
engaged in promoting entrepreneurship among women.
 To offer counseling services to the Entrepreneurs existing as
well as prospective.
 To popularize the concept of Self Help Groups‟ among women
as well assist them in formation of SHGs, credit linkage and
trainings.
 The CED for women at Head office formulates policy guidelines

related to women issues & credit flow to women beneficiaries.
 All the centers at Circle offices and the one at Corporate Office
organize General / Skill Development trainings Programs,

Entrepreneurship Awareness Programs for the benefit of women.
 Counseling is offered by these centres on all working days, more
specifically on every Tuesday & Thursday between 3 pm and 5
pm.
 Centers conduct seminars and workshops related to :
 CED centers organize SHG Programs & credit assistance to Self

Help Groups.
 Preparation of project proposal, Market survey & management
techniques.
 Trailing facilities & financial assistance to women entrepreneurs.
 Business opportunity guidance / emerging entrepreneurial
opportunities.
 For the young aspirants at the college level the centers conduct
“Career Guidance Programs” and workshops on “emerging
entrepreneurial opportunities”.
 Provide marketing support to women entrepreneurs by arranging
exhibition cum sale of products manufactured by them through
organizing Canara Utsav / Canara Bazar / Canara Mela throughout
the country for a duration of 3-5 days at prominent places.
 NammuraSanthe – Marketing assistance for Micro women
entrepreneurs and women SHGs operating in and around
Bangalore provided through Hi-tech.
5. SUPPORT INITIATIVES
Purpose The Bank recognizes the Pivotal role played by multi institutions in
various parts of the country in social development.
The bank has extended its collaborative approach towards achieving

the common cause in the society.
SOCIETY FOR EDUCATIONAL AND ECONOMIC

DEVELOPMENT (SEED)
 Canara Bank through its Centenary Rural Development Trust has

been extending support assistance to SEED, a voluntary
organization at Sriperumbudur in Tamilnadu. The association is
involved in looking after the welfare of children of life convicts,
terminally ill patients and orphans. SEED has assisted about 655
such children so far.

CANARA BANK JUBILEE EDUCATION FUND (CBJEF)
Canara Bank Jubilee Education Fund (CBJEF) was set up by Canara
Bank in the year 1956, with the objective to cater to the educational
needs of the student community. The fund has a well developed
Book Bank containing more than14000 books of professional courses.
The facilities are offered free of cost. It has a reading room facility
for reference purpose. It provides books on loan basis returnable on
completion of annual exams. The fund provides merit scholarships
to the needy students. The fund also organizes study tours in
coordination with other agencies. The fund has developed a digital
library.
CANARA BANK RELIEF AND WELFARE SOCIETY (CBR&WS)

The Bank has sponsored and is associated with the society since
1961. The society is running a well equipped 200 beds hospital with
state of art facilities to provide affordable medical care at
Banshankari , Bengaluru. The society also provide shelter and care
to destitute children and old age people, training in para-medical
services, home health care, foster care, adoption services and runs
Braille centre for visually challenged people.
6. Canara Vidyajyothi Scheme

Purpose  As a humble homage to Bharat Ratna Dr. B R Ambedkar and to
encourage education, a scheme of extending financial assistance
to SC/ST girl students from rural area named as “Canara
Vidyajyothi Scheme” is launched under Corporate Social
Responsibility (CSR) Initiative.The scheme aims to extend
scholarship to girl students from SC/ ST category in Government /
Govt. aided schools covered under command area of our rural
semi urban and urban branches.
Objectives  To encourage education among girl children belonging to SC/ST
communities by extending financial support.
 To provide opportunity for branches to establish liaison with the
parents and the schools and scout for bringing the schools
supported and the parents of children to our fold.

Other  Eligibility Criteria
Features
 One Girl Student from each of the class from 5th Standard to 10th
Standard
 Students studying in Government /Government aided School
belonging to SC / ST category within the command area of the
Branch
 Should be the highest scorer in the immediate preceding class
Annual examination, among SC/ST girl students.
 Amount of Assistance
 Rs. 2500 per student per year for students of class 5th to class 7th
 Rs.5000 per student per year for students of class 8th to class
10th.
 Applicability of Scheme:
 Rural / Semi Urban / Urban branches have to extend financial

assistance to six girl students in their command area.
 The programs may be synchronized with occasions like Founder‟s
Day, Republic Day, International women‟s day etc.
 Adequate media publicity to be arranged by the branches,
Regional Offices and the Circles to highlight the impacts of the
Assistance.
Ref. Circulars 696/2014, 324/2015, 504/2015, 362/2016, 451/2017,436/18,

361/19

14. ASSOCIATE PARTY PRODUCTS
CUSTOMER WELLNESS BY CANARA BANK AND IT‟S PARTENERS:
ENTITY  Range of products on offer

CHOICE  Retirement Plans, Wealth creation plans, Child
plans, POS plans , health first plan and
protection plans
CANARA ROBECO  Mutual funds-equity, hybrid and sip modules
THE NEW INDIA ASSURANCE  General and health insurance plans
COMPANY LTD(TNIAC)
M/S BAJAJ ALLIANZ GENERAL  Health insurance plans
INSURANCE CO.LTD. (BAGIC)
M/S TATA AIG GENERAL  General and health insurance plans
INSURANCE CO.LTD (TAGIC)
HDFC ERGO LIFE INSURANCE  Health insurance plans
(FORMERLY APOLLO MUNICH
HEALTH INSURANCE)
(REFER CANNET> QUINK LINKS> BANK ASSURANCE UPDATES FOR DETAILS)
DIFFERENT PRODUCTS OF EACH ENTITY:
1. CANARA HSBC OBC LIFE INSURANCE:
RETIREMENT PLANS  Guaranteed income

 Smart future income
 Jeevan Nivesh
 Smart monthly income
 Secured Bhavishya plan
 Immediate Annuity Plan
 Samruddh Bhavishya
WEALTH CREATION PLANS OF  Guaranteed income plan
 Guaranteed savings plan
 Jeevan Nivesh
 Money back advantage fund
 Titanium plus plan
 Smart goals plan
CHILD PLANS  Guaranteed income plan
 Guaranteed savings plan

 Smart junior plan
 Jeevan Nivesh
 Smart future
POS PLANS  Easy Bachat plan
 Easy Beema plan
PROTECTION PLANS  Smart Suraksha plan
HEALTH FIRST PLANS  Cancer cover
 26 critical illness cover
 Heart cover
2. CANARA ROBECO MUTUAL FUNDS:
Equity oriented -  Canara Robeco equity diversified fund

 Canara Robeco blue chip equity fund
 Canara Robeco emerging equities
 Canara Robeco equity tax saver fund
 Canara Robeco consumer trends fund
 Canara Robeco infrastructure
HYBRID FUND  Canara Robeco equity hybrid fund
 Canara Robeco conservative hybrid fund
DEBT ORIENTED  Canara Robeco savings fund
 Canara Robeco short duration fund
 Canara Robeco corporate bond fund
 Canara Robeco dynamic bond fund
3. THE NEW INDIA ASSURANCE COMPANY LTD(TNIAC):
HEALTH COVER&  Can Mediclaim

GENERAL PLANS  Fire long term dwelling with personal accident- package
policy
 New India cancer guard policy
 Marine insurance
 Motor insurance
 Personal accident insurance
 House holder insurance
 New India Griha Suvidha policy
 Shop keepers insurance
 Raasta Aapatti Kavach Policy
 Asha Kiran Policy
 Overseas Mediclaim (bus & hoi)
 Cattle Insurance

4. M/S BAJAJ ALLIANZ GENERAL INSURANCE CO.LTD. (BAGIC):
GENERAL  Motor insurance

INSURANCE PLANS  Standard fire and special peril insurance
 Long term dwelling policy for home loan customers
 My home insurance all risk policy
PERSONAL  Personal accident policy for housing loan borrowers
INSURANCE PLANS highlights
HEALTH ORIENTED  Credit linked health insurance plan
PLANS  Extra care plus – a super top up health insurance plan to
cover higher medical expenses.
GROUP INSURANCE  Group Mediclaim” (GMC) scheme for SME
PLANS  Group Mediclaim insurance – Canara Bank
TRAVEL INSURANCE  Travel insurance- overseas Mediclaim
PLANS
5. M/S TATA AIG GENERAL INSURANCE CO.LTD:
GENERAL INSURANCE PLANS  Standard fire & special peril policy

 Auto secure two wheeler package
policy
 Auto secure commerce vehicle
package policy
 Auto secure private car package
policy
 AIG-combined (stock insurance)
HEALTH INSURANCE PLANS  Medicare
 Group Medicare
GROUP INSURANCE PLANS  Group personal accident policy
 Group credit secure plus
6. HDFC ERGO LIFE INSURANCE (FORMERLY APOLLO MUNICH HEALTH

INSURANCE):
HEALTH INSURANCE PLANS Canara Group Assurance Health Plan

अस्वीकरण खंड
यह संकलन हमारे कममचाािरय के कामकाीी ्ान क समृद्ध करने के दृष्टिक ण से तैयार ककया
गया है तथा अद्यतन और सही ीानकारी प्रदान करने के ष्टलए हर संभव प्रयास ककया गया है।
कममचाारी प्रष्टिक्षण महष्टवद्यालय, ष्टवषयवस्तु म ककसी भी त्रुिि या चाूक के ष्टलए क ई ष्टीम्मेदारी

या दाष्टयत्व नहीं लेता है और इस प्र डक्ि डायरी म िाष्टमल सूचाना, ष्टवष्टभन्न ्ात से “ीैसा है”
आधार पर दी गयी है ।
अष्टधक ीानकारी के ष्टलए, इस पुस्तक के उपय गकतामओं क भा िर बैंक के पिरपत्र, आईबीए

कदिाष्टनदेि, सरकारी अष्टधसूचानाओं, बैंक द्वारा ीारी पिरपत्र आकद का संदभम लेने की भी
सलाह दी ीाती है।
सामग्री क समृद्ध करने के ष्टलए क ई सुझाव ह त ई-मेल द्वारा भेीा ीा सकता है:
hostcrp@canarabank.com या hostc@canarabank.com
Disclaimer
This compilation is prepared from the point of view of enriching the working
knowledge of our Employees and every effort has been made to provide
updated and correct information.
STC assumes no responsibility or liability for any errors or omissions in the

contents and the information contained in this Product Diary, is provided on
“as is” basis from various sources.
For more information, the users of this book are advised to also refer RBI
Circulars, IBA Guidelines, Govt. Notifications, Circulars issued by the Bank
etc.
Any suggestions for enriching the material may be sent by email to:
hostcrp@canarabank.com or hostc@canarabank.com.

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Product Navigator

SL No TOPIC PAGE RANGE

2 Retail Lending 24-63

5 Government Sponsored Schemes 150-178

6 Employee Advances 179-191

7 Digital Products 192-219

8 Foreign Exchange 220-236

9 Credit Cards 237-245

10 Corporate Banking 246-250

11 Consultancy Services 251-255

12 General Products 256-261

13 Government Business Products 262-281

14 Non-financial Products 282-288

15 Associate Party Products 289-290

LOGIC - Product Diary 2020 1

1. SAVINGS BANK – GENERAL - 101

LOGIC - Product Diary 2020 2

LOGIC - Product Diary 2020 3

Ref RuPay insurance: 236/2015 & 438/2019

LOGIC - Product Diary 2020 4

Ref.  274/2015 & 498/2018.

4. Basic Savings Bank Deposit Account (BSBDA) - 108

LOGIC - Product Diary 2020 5

5. SB - Canara Champ Deposit – 109

6. SB – Jeevan Dhara – 110

LOGIC - Product Diary 2020 6

8. SB - Staff CGA – 115

9. SB – General Capital Gains Account CGA - 116

LOGIC - Product Diary 2020 7

SB FINANCIAL INCLUSION – 119

11. SB JUNIOR – 120

LOGIC - Product Diary 2020 8

13. SB – National Scheme of Incentive to Girls for Secondary

LOGIC - Product Diary 2020 9

14. SB – Gen Y - 129

15. SB – Defence - 130

LOGIC - Product Diary 2020 10

16. SB – Pay Roll - 131

17. SB – Power Plus - 132

LOGIC - Product Diary 2020 11

18. SB – Saving Suraksha Scheme Insurance premium a/c- 135

19. SB – Galaxy - 136

LOGIC - Product Diary 2020 12

20. SB – Mahila Savings account – No product code

21. Recurring Deposit (RD) – 181

22. Recurring Deposit (RD) –Staff – 182

LOGIC - Product Diary 2020 13

24. Recurring Deposit (RD) – Sr. Citizen - 190

25. RD - Dhanvarsha- 186

26. RD –Dhanvarsha - Staff – 187

27. RD –Dhanvarsha –Ex-Staff-Sr. Citizen – 189

28. RD –Dhanvarsha –Sr. Citizen – 192

LOGIC - Product Diary 2020 14

29. Current Account (CA) - 201

LOGIC - Product Diary 2020 15

31. Current Account (CA) – - 287

32. Current Account (CA) – - 288

33. Current Account (CA) – - 295

34. Current Account (CA) – - 296

35. Call Deposit

LOGIC - Product Diary 2020 16

36. Ashraya Deposit – Product Codes as per list

37. Capital Gains Deposit – Product Codes as per list