Canara Bank has introduced a “Premium Payroll Package” for Salary account holders with competitive features. The product has been designed to meet all Banking requirements of Salaried Customers. The features such as free Term Life Insurance, Insta over Draft, free Personal & Air Accident Insurance coverage, and Premium Cards are some of the unique features of the product apart of the other various features offered. The account is designed in terms of the whole 360-degree requirement of the salaried class.

On the occasion, Shri K Satyanarayana Raju, MD & CEO, of Canara Bank, elaborated the different unique features of the product & said that, “It gives me immense pleasure to introduce this new premium service to our customers as our customers deserve the best.”

Widely known for customer centricity, Canara Bank was founded by Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through various phases of its growth trajectory over the hundred years of its existence. The growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national-level player in terms of geographical reach and clientele segments. The eighties were characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry