Canara Bank Waives Minimum Balance Penalties for Savings Accounts

Canara Bank is making a change that will help its customers.

Starting June 1st, 2025, the bank will no longer charge fees to savings account holders who don't keep a certain amount of money in their account.

This means people with regular, salary, and NRI accounts won't have to worry about these penalties anymore.

Previously, customers had to maintain a minimum balance to avoid fees.

This change is a good thing for customers because it gives them more flexibility with their money.

The bank announced this change in an official statement.