Canara TruEdge Institutional Account

A specialized Current & Savings Account designed for institutions, offering customized benefits and a zero initial deposit. The TruEdge account provides a dynamic 5-tier structure where benefits are directly linked to the Monthly Average Balance (MAB), ensuring your banking rewards grow with your institution.

Eligible Institutions

  • Sole Proprietary Concerns & Partnership Firms
  • Private and Public Limited Companies
  • Healthcare Providers & Educational Institutions
  • Registered Societies, Associations, Clubs & Trusts
  • Government & Semi-Government Bodies
  • Charitable & Religious Institutions

Universal Benefits for All Tiers

💰
Zero Initial Deposit
Start your account with no upfront deposit.
📄
Folio Charges Waived
Enjoy zero folio charges on your account.
✈️
Unlimited Digital Transactions
Free NEFT, RTGS, IMPS, and UPI transfers.
📖
Unlimited Cheque Books
Request as many cheque books as you need, free of cost.

Choose the Tier That Fits Your Growth

The more you maintain (Monthly Average Balance - MAB), the more "Premium" features unlock.
Tiers are benefit packages based on your account maintenance – higher tiers unlock progressively more complimentary services, priority support, and cost waivers.

Tier 0

Monthly Average Balance: <₹50,000

  • ✅
    Cash Handling
    1 Lakh per day
  • ℹ️
    POS Rent
    Standard Charges Apply
  • ℹ️
    Soundbox Rent
    Standard Charges Apply
  • ℹ️
    Demand Draft Charges
    Standard Charges Apply
  • ℹ️
    MDR Charges
    Standard Charges Apply
  • ℹ️
    ERP Solution
    Available at Concessional Rate
  • ❌
    Dedicated Relationship Manager
    Not Available

Tier 1

Monthly Average Balance: ₹50,000 to < ₹2,00,000

  • ✅
    Cash Handling
    Free up to 5 times the previous month MAB
  • ℹ️
    POS Rent
    Standard Charges Apply
  • ℹ️
    Soundbox Rent
    Standard Charges Apply
  • ℹ️
    Demand Draft Charges
    Standard Charges Apply
  • ℹ️
    MDR Charges
    Standard Charges Apply
  • ℹ️
    ERP Solution
    Available at Concessional Rate
  • ❌
    Dedicated Relationship Manager
    Not Available

Tier 2

Monthly Average Balance: ₹2,00,001 to < ₹5,00,000

  • ✅
    Cash Handling
    Free up to 5 times the previous month MAB
  • ✅
    POS Rent
    1 POS Machine Free
  • ✅
    Soundbox Rent
    1 Soundbox Free
  • ℹ️
    Demand Draft Charges
    Unlimited
  • ℹ️
    MDR Charges
    Standard Charges Apply
  • ℹ️
    ERP Solution
    Available at Concessional Rate
  • ❌
    Dedicated Relationship Manager
    Not Available

Tier 3

Monthly Average Balance: ₹5,00,001 to < ₹10,00,000

  • ✅
    Cash Handling
    Free up to 5 times the previous month MAB
  • ✅
    POS Rent
    2 POS Machines Free
  • ✅
    Soundbox Rent
    3 Soundboxes Free
  • ℹ️
    Demand Draft Charges
    Unlimited
  • ✅
    MDR Charges
    Rs.1000 or actual MDR charges incurred whichever is lower
  • ℹ️
    ERP Solution
    Available at Concessional Rate
  • ❌
    Dedicated Relationship Manager
    Not Available

Tier 4

Monthly Average Balance: Above ₹10,00,000

  • ✅
    Cash Handling
    Free up to 5 times the previous month MAB
  • ✅
    POS Rent
    3 POS Machines Free
  • ✅
    Soundbox Rent
    5 Soundboxes Free
  • ℹ️
    Demand Draft Charges
    Unlimited
  • ✅
    MDR Charges
    Capped at Rs.2000/- and an additional Rs.250/- waived for every Rs. 1 lakh of Previous MAB above Rs.10 Lakh or actual MDR charges incurred , whichever is lower
  • ℹ️
    ERP Solution
    Available at Concessional Rate
  • ✅
    Dedicated Relationship Manager
    Yes (Assistant Branch Head)

Applicable Charges

Monthly Maintenance Charges

Applicable if minimum MAB of ₹50,000 is not maintained.

  • MAB: ₹25,000 to < ₹50,000 ₹49 + GST
  • MAB: Less than ₹25,000 ₹99 + GST

Account Closure Charges

Applicable if account is closed after 14 days and within one year of opening.

  • Closure Charge ₹499 + GST

For more details kindly click here

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