Canara Bank Passbook Essay

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26. Canara Bank Passbook

Established in 1906 in Mangalore, Canara Bank is one of the largest banks in India. It is a public sector bank and currently has over 6000 branches and 10,000 ATMs across India. Formerly known as Canara Hindu Permanent Fund, it became known as Canara Bank in 1910. It was nationalised by the Government of India in 1969 along with 13 other major commercial banks. Canara Bank has several overseas branches in Bahrain, Doha, Dubai, Hong Kong, Leicester, London, Moscow (with SBI), New York, Shanghai, Sharjah, South Africa, and Tanzania.

Headquartered in Bengaluru, Canara Bank sponsors two Regional Rural Banks (RRBs): Kerala Gramin Bank and Pragathi Krishna Gramin Bank.

Canara Bank offers standard banking services to its customers including personal banking, loan, and insurance products. The bank is also …show more content…

at one single window.

The customers can visit “” to complete the payment using their Canara Bank Debit card or net banking. The payment is processed and cleared within 2 business days.

Canara Empower
Canara Bank has a UPI mobile app, known as Empower, that the bank customers can use to make payments or collect payments. The customers can easily carry out online transactions using a virtual address and keep their credentials safe. Bill payment service is also offered on the Empower app. Two of the biggest advantages of using the Empower app are that customers can add multiple accounts to the app and their personal data such as account number, IFS Code, etc. is secure when they send or receive

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