Canara Bank NRI Account: Open NRI Account Online

Canara Bank is one of the largest public sector banks in India. The bank also has offices in London, Hong Kong, Dubai and New York. Canara Bank NRI accounts provide good interest rates. Here we give a comprehensive overview of the types of Canara Bank NRI account and their interest rates.  

Canara Bank NRI Accounts
Canara Bank NRI Accounts

Want to open an NRI account online? SBNRI has partnership with many leading Indian banks to help NRIs open an NRI account.

Canara Bank NRI Account Opening

There are two ways to open Canara Bank NRI account:

  • Apply for Canara Bank NRI account through the bank’s website or visit a branch in India.
  • Apply NRI account online through SBNRI.

Canara Bank NRI Account Application on the Bank’s Website

  • Visit the official website of Canara Bank.
  • Download and fill up Canara Bank NRI savings account – NRE or NRO – opening form and affix your photographs.
  • Get the account opening form and supporting documents attested by Notary Public, Court, Magistrate, Judge, Local Banker, Indian Embassy/Consulate General of the country where you are residing.
  • Send the Canara Bank NRI account opening form and documents to the desired designated Canara Bank branch in India.
  • Once all documents and form are received and verified by the bank, your NRE/ NRO account will be opened.

Apply for NRI Account Online through SBNRI

You can apply for NRO and NRE account opening online. Click on ‘Open NRI Account‘ button on this blog or download SBNRI App. Take the following steps to open an NRI account on the SBNRI app online:

  • Download the SBNRI app from the Google Play Store or App Store.
  • Sign in using your credentials. 
  • Click the ‘Open NRI account’ button and select the bank with which you wish to open an NRI bank account from the bank list. 
  • Scan and upload KYC documents using the in-app scanning feature. 
  • Click on ‘Apply’ and you are done. 

Documents Required to Open Canara Bank NRI Account

Here is the checklist of documents required to open NRI account. Please note this is not an exhausted list.

  • NRI account opening form
  • Passport
  • Proof of NRI status
  • Overseas address proof
  • Proof of Indian address
  • Photographs: Recent passport-sized photographs.
  • PAN Card or Form 60
  • Initial Deposit: Depending on the account type, an initial deposit may be required.

Remember that all copies of the documents should be self-attested, and in some cases, you might be asked for documents to be attested by the Indian embassy or a notary in your country of residence.

The above list is a guideline and the actual requirements may vary.

Canara Bank NRI Account Minimum Balance and Initial Deposit

  • Minimum average quarterly balance to be maintained in Canara NRI account: Rs. 1 lakh
  • Initial deposit: The account can be opened with zero balance.

Canara Bank NRI Account Interest Rate

Canara Bank NRI savings account interest rates are given below:

Outstanding BalanceROI
Less than Rs. 50 Lakh2.90%
Rs. 50 Lakh to less than Rs 5 Cr2.90%
Rs. 5 Cr to less than Rs 10 Cr2.95%
Rs. 10 Cr to less than Rs 100 Cr3.05%
Rs. 100 Cr to less than Rs 200 Cr3.50%
Rs. 200 Cr to less than Rs 300 Cr3.10%
Rs. 300 Cr to less than Rs 500 Cr3.10%
Rs. 500 Cr to less than Rs 1000 Cr3.40%
Rs. 1000 Cr & less than Rs. 2000 Cr3.55%
For outstanding Balance of Rs. 2000 Cr & above4.00%
Canara Bank NRI Account Interest Rate

NRI Accounts Types 

NRIs can open two types of NRI account with Canara Bank – NRE and NRO savings accounts.

Canara Bank NRE Savings Account (Non-Resident External)

  • Repatriation of funds to the country of residence is permitted easily. However, fluctuations in currency may affect the amount repatriated. 
  • Key benefit of this account is that both the amount and the interest in the account are exempt from tax
  • The NRI can appoint a resident Indian as a mandate holder. The mandate holder can operate the account on behalf of the NRI. The resident Indian has to be a close family member. 
  • NRE accounts can be opened as a joint account with other NRI and Resident Indians. Bank transfers are available at good rates.

NRO Account (Non-Resident Ordinary)

  •  It is subject to taxation.
  • It is meant for Indian earnings to be used in India.
  • Like the NRE account, a mandate for Resident Indian (close relative) is allowed.
  •  NRO accounts can be opened as joint account with other NRIs also. 
  • A foreign national of non-Indian origin visiting India can open an NRO account, with funds remitted from outside India through a banking channel or by sale of foreign exchange brought by him/her to India 

Canara Bank NRI Customer Care Number

1800 425 0018

NRI Service Centers 

AHMEDABADCanara BankNRI Service Center, Circle Office, Ground Floor, Narayan Chamber, Near Nehru Bridge, Ashram Road, AHMEDABAD-380009 STATE: GUJRAT, INDIA91 79-26574852/27544048 E MAIL ID : [email protected];
BENGALURUCanara BankNRI Service Center, MIPD Section, Circle Office, 86, M G Road, Spencer Towers,BENGALURU- 560 001STATE : KARNATAKA , INDIA91 80-25587340 / 25582712 E MAIL ID : [email protected];
CALICUTCanara BankNRI Service Center, Circle Office,Tali Sammoham Road,CALICUT -673002STATE : KERALA INDIA91 495- 2306116 /2701398 Email ID : [email protected]
CHANDIGARHCanara BankNRI Service Center, Circle Office,Plot No: 1,Sector 34A,CHANDIGARH-16002291 172-2620258/2604269 Email ID : [email protected]
CHENNAICanara BankNRI Service Center, MIPD Section, Circle Office,No: 524 Anna Salai, Teynampet,CHENNAI-600018STATE:TAMILNADU, INDIA91 44- 24312077 / 24349936/24351580 Email ID : [email protected]
DELHICanara BankNRI Service Center, MIPD&PP Section,Circle Office, 9th floor, 38, Ansal tower,Nehru Place, NEW DELHI- 11001991 11-26293214 Email ID : [email protected]
ERNAKULAMCanara BankNRI Service Center, Circle Office, Pukalakkattu Lakshmi Bai Towers, TD Road North End, ERNAKULAM-682035 STATE:KERALA, INDIA91 484 -2352213 Mob: 8301897125Email ID : [email protected]
PANAJICanara BankNRI Service Center: ,MIPD & PP Section,Circle Office, First Floor, Mathias Plaza, 18th June Road,PANAJI, GOA – 40300191 832 -2224254/2220050 Email ID : [email protected]
HYDERABADCanara BankNRI Service Center: Circle Office,Opp. Old MLA Quarters, Himayathnagar,HYDERABAD– 500 029STATE : TELANGANA, INDIA91 40-23436986 Email ID : [email protected]
JAIPURCanara BankNRI Service Center, MIPD Section, Circle Office, 1, Orbit Mall, Civil Lines, Ajmer Road,JAIPUR-302006STATE : RAJASTHAN, INDIA91 141-2222990/2224776 Email ID : [email protected]
JALANDHARCanara BankNRI Service Center, Circle Office, 362 – 363, Lajpat Nagar, Shakti Mall,JALANDHAR – 140001STATE : PUNJAB, INDIA91 181-2243369 / 2243320/ 2243318Email ID : [email protected]
MADURAICanara BankNRI Service Center, MIPD&PP Section,Circle Office, St. Mary’s Campus,East Veli Street,MADURAI-625001STATE : TAMILNADU, INDIA91 452-2334488/ 2339913 Email ID : [email protected]
MANGALURUCanara BankNRI Service Center, Circle Office, MIPD & PP Section,Light House Hill,Balmatta Road, MANGALURU-575001STATE : KANATAKA INDIA91 824-2424576 / 2443920/ 2440319Email ID : [email protected]
MUMBAICanara BankNRI Service Center, Circle Office,Canara Bank Building, B Wing, 3rd Floor,C-14,G-Block, Bandra-Kurla Complex, Bandra East, MUMBAI- 400051 STATE:MAHARASHTRA, INDIA91 22- 26728634/ 26725352 Email ID : [email protected]
MYSURUCanara BankNRI Service Centre, MIPD&PP Section,Circle Office, Guest House Road, Nazarbad,MYSURU-570010STATE:KARNATAKA INDIA91 821-2528246 / 2528230/ 2528264 Email ID : [email protected]
PATNACanara BankNRI Service Centre, Circle Office, IIIrd Floor,Luv Kush Tower, Exhibition Road,PATNA -800001STATE : BIHAR, INDIA91 612- 2320594 / 2320148/ 2320199 Email ID : [email protected]
PUNECanara BankNRI Service Center, Circle Office, F.P 790 (PART), Shivaji Road, Near Manala Theatre, Shivaji Nagar,PUNE – 411005STATE:MAHARASHTRA, INDIA91 20-25530621/25530636/ 25530617 Email ID : [email protected]
TRICHYCanara BankNRI Service Centre, Circle Office,No: 1 City Towers, Royal Road,TRICHY-620001STATE : TAMILNADU, INDIA91 431-2410909/ 2460090 Email ID : [email protected]
TRIVANDRUMCanara BankNRI Service Center, Circle Office,TC26/173 (I), II Floor, Canara Bank Building,M G Road, TRIVANDRUM – 695 001STATE:KERALA, INDIA91 471-2331563 / 2330346 Email ID : [email protected]
VARANASICanara BankNRI Service Centre, Circle Office, 3rd floor,Varanasi Trade Centre, Maqbool Alam Road,VARANASI- 221002STATE : UTTAR PRADESH, INDIA91 542-2510035/ 2510049 Email ID : [email protected]
Canara BankMarketing & Retail Resources Wing, Head office (Annex), 4th Floor, 113/1, JEEVAN PRAKASH BLDG,J C Road,BENGALURU 560 002. STATE:KARNATAKA,INDIA Phone:91-80-22538565Email : [email protected]Canara BankIntegrated Treasury Wing,6th floor, Canara Bank Building, C-14,G-Block, Bandra -Kurla Complex, MUMBAI-400051STATE: MAHARASHTRA,INDIAPhone: 91-22-26725118Email : [email protected]
NRI Service Centers

Wrapping it Up

For NRI account opening, investment in India and NRI loan applications, you can download SBNRI App from the Google Play Store or App Store. To ask any questions related to investment in stock market/ mutual funds, NRI account opening online and tax filing in India, click on the button below. Also visit our blog and YouTube channel for more details. 

Copy link