Canara SB Premium Payroll


A specialized salary account with four distinct variants, offering tiered benefits that grow with your monthly salary.

Account Tiers & Financial Benefits

Silver

Up to ₹50K Salary

  • Overdraft 50% of Net Salary TOD for 15 days
  • Locker Rent Waiver Not Applicable
  • Debit Card Rupay PlatinumCharges Apply
  • Retail Loan ChargesStandard
  • Free Family AccountsNot Applicable
  • Penalty ₹250 + GST

Gold

₹50K to < ₹100K Salary

  • Overdraft Up to ₹1 LakhIOD for 60 days
  • Locker Rent Waiver 5% Waiver
  • Debit Card Rupay PlatinumCharges Apply
  • Retail Loan Charges HL Switchover Waiver
  • Free Family Accounts 2 Members
  • Penalty ₹500 + GST

Diamond

₹100K to < ₹150K Salary

  • Overdraft Up to ₹2 LakhsIOD for 60 days
  • Locker Rent Waiver 10% Waiver
  • Debit Card Rupay SelectAMC Waived
  • Retail Loan Charges HL Switchover Waiver
  • Free Family Accounts 3 Members
  • Penalty ₹750 + GST

Platinum

₹1,50,000 & Above Salary

  • Overdraft Up to ₹3 LakhsIOD for 90 days
  • Locker Rent Waiver 15% Waiver
  • Debit Card Rupay SelectAMC Waived
  • Retail Loan Charges 75% Concession
  • Free Family Accounts 3 Members
  • Penalty ₹1,000 + GST

Insurance Coverage Per Tier

Silver

  • Term Life (Self) ₹1 Lakh
  • Total PAI (Self) ₹16 Lakhs
  • Total AAI (Self) ₹18 Lakhs
  • PAI & AAI (Spouse) ₹2L & ₹4L

Gold

  • Term Life (Self) ₹2 Lakhs
  • Total PAI (Self) ₹26 Lakhs
  • Total AAI (Self) ₹28 Lakhs
  • PAI & AAI (Spouse) ₹2L & ₹4L

Diamond

  • Term Life (Self) ₹4 Lakhs
  • Total PAI (Self) ₹44 Lakhs
  • Total AAI (Self) ₹38 Lakhs
  • PAI & AAI (Spouse) ₹2L & ₹4L

Platinum

  • Term Life (Self) ₹6 Lakhs
  • Total PAI (Self) ₹54 Lakhs
  • Total AAI (Self) ₹58 Lakhs
  • PAI & AAI (Spouse) ₹2L & ₹4L
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General Features

  • Minimum Balance Not Required
  • Digital TransfersFree
  • Free Cheque Leaves 200 per annum
  • Account PortabilityAvailable
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Pre-Approved Loan: "Ready Cash"

  • Max Loan Amount Up to ₹10.00 Lakh
  • Min Salary Credit ₹50,000 / month
  • Min CIC Score 700 & Above
  • Process 24/7 Digital (STP)

For more details kindly click here

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Last updated on 9/9/2026