Canara Bank Indore

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About Canara Bank

Founded in the year 1906 with an aim to offer best in class financial services to the citizen of the nation, Canara Bank is one of the oldest banks in the country. It was nationalized by the Government of India in the year 1969 and since then has been holding a leading position in the banking sector. It provides customized banking solution to serve the diversified need of its customers. Be it a requirement of owning a car, accelerating the business, plan a foreign tour or shift to dream home, the bank fulfills all the requirement by lending vehicle loan, personal loan, loan against property, gold loan and home loan at a reasonable rate of interest. Not just that it even helps the people build funds for the future use and develop the potential to meet unforeseen events by providing various investment plans. The bank offers attractive returns on the savings accounts and pays high interest on the fixed deposits remaining with the bank for a stipulated period of time. The bank incorporates fair policies which is why it has earned the trust of its customers since establishment. The details of the product offered by the bank are given below:

Address of Canara Bank Branches in Indore

The complete address, IFSC Code, MICR Code and customer care details of Canara Bank branches located in Indore are mentioned in the table below:

Branch NameComplete AddressIFSCMICRCustomer Care
Indore M G Road (Main)PB No. 4, Narayana Bhavan, Gorakund M.G.Road, , Indore 452002CNRB00003254520150050731-2450132
Siyaganj, Indore11, RNT Marg, Indore 452001CNRB0000359452015004731 - 2528735
Indore Naulakha319, Bhanwar Kumar Rd, Microwave Towersquare, , Indore 452001CNRB0001476452015003731 - 2464385
Accounts Section, IndoreAccounts Section, II Floor, M.G.Road, Gorakund, Indore (M.P.) 452002CNRB00019994520150010731-2451118
Palesia Point, IndorePalasia Point, 19/1A, Manoramaganj, Indore 452001CNRB00020744520150020731-2491533
SSI, Indore19 - A, Deys Tower, Ground Floor, Manormaganj, Palasia Point, IndoreCNRB00025474520150060731-2545371
Vijayanagar 54 Scheme7/8, Rajat Jayanti Complex, Scheme 54, Vijayanagar, Indore, (M.P.)CNRB00026224520150070731-2570593
Khajarana Road Savings BRShivashakthi Nagar, Baikuntham, Khajarana Rd, IndoreCNRB00026534520150080731-2565564
Radhika Palace Colony, IndoreCanara Bank, Radhika Palace Colony BR, Mahalaksminagar, Near Bombay Hospital, Main Road, Indore - 452010CNRB00031994520150119329269422
LPC IndoreCanara Bank, Manoramaganj Palasia, Indore, Madhya Pradesh, 452001CNRB000333645201509807292-235124
Specialised Mid-Corporate Branch, IndoreR N T Marg, IndoreCNRB0004878452015025CB4878@CANARABANK.COM
MisroodMain Road, Near Police Station, Misrod, Bhopal-462026 ACNRB0005082462015023CB5082@CANARABANK.COM
Khandwa RoadKhandwa Road, IndoreCNRB0005083452015019CB5083@CANARABANK.COM
Indore Goyal NagarHouse No.365, EE Scheme No.94, Goyal Nagar, Indore 454001CNRB0005102452015015CB5102@CANARABANK.COM
Indore AnnapoornaCanara Bank 7 Revenue Colony, Annapurna Main Rd Near Sukhamani, Hero Honda Showroom, Indore Annapoorna Madhya Pradesh 452007CNRB0004777452015014755 2766377
Indore Airport RoadVenkatesh Nagar Indore (M P) - 452 001CNRB00052724520150160755 2766377
Rajendra Nagar IndoreCanara Bank 52, 573 Dutta Nagar Rajendra Nagar, Indore Madhya Pradesh Pin Code 452 012CNRB00055654520150172322572
Indore Mr TenPlot No 4 EA Scheme 54 MR 10 Indore 452 010CNRB00055664520150182570075
Indore Keshar Bagh RoadG 22 Shri Labh Avenue 3 Kunjan Vihar Colony Kesarbag Road Indore Pin Code 452 0096CNRB00059844520150207049919127
Indore LIG ColonyCanara Bank E 3 Hign Main Road Lig Square A B Road Indore Indore Madhya Pradesh 452008CNRB00060014520150212573821
Indore Dewas NakaCanara Bank 807 E F Scheme No 114 Part 1 Vijay Nagar Indore Dewas Naka Madhya Pradesh 452010CNRB00060584520150232573821

Products Offered by the Bank

The details of loan and investment products offered by the Canara bank are mentioned in the table below:

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe age of the applicant should be between 18 - 65 years

Salaried individuals with minimum 3 years experience

Business concerns, professionals and self-employed individuals working in the line of business/ profession for at least 3 years
For salaried Individuals - Up to 4 years gross salary
Self-Employed Individuals & Business person- Up to 4 years gross annual income

For repairs & renovations - Up to ₹ 15 lacs
8.45% - 8.65%0.50% of the loan amountUp to 30 years or until attaining age of 70 years
Personal LoanPermanent employees of reputed PSUs and Joint Stock Companies
Confirmed Central / State Government officials
Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and Universities

The salary account of the employee should be maintained with the branch
The minimum net salary should not be less than 25% or Rs.10,000/- per month whichever is higher
Salaried - 6 month’s gross salary or ₹ 3,00,000 whichever is lower10.70% - 13.70%0.5% of the loan amountUp to 5 years
Vehicle LoanEligible Segments - Individuals, professionals, reputed firms and companies

Minimum annual gross salary of the individuals should ₹ 3 lacs

The non-individuals candidates should have minimum gross income of ₹ 3 lacs per month
New Car - No maximum limit

Used Car - 75% of the agreed value
8.70% - 9.35%0.25% of the loan amountFor new vehicles - 7 years

For used vehicles - 5 years
Loan Against PropertyExisting customers having satisfactory dealing with the bank

New customers with healthy credit history
Up to 50% of the property value or maximum ₹ 10 crores9.95 - 14.90% p.a.1% of the loan amountUp to 7 years
Gold LoanExisting Saving Bank customers or new customers properly introducedMinimum - ₹ 10,00,000

Maximum - ₹ 10,00,000
11.75% p.a.1% of the loan amountWithin 12 months
Fixed DepositIndividual
Joint (max. 4 people)
A guardian on behalf of a minor
HUF
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
4.20% - 7.10%-15 days - 10 years

7 days - 14 days only on single deposit of ₹ 5 lakhs & above

Documents Required

ProductDocuments
Home LoanLoan Application with 2 passport size photos of applicant / guarantor
Sale Deed
Agreement for Sale
Copy of the approved plan for the proposed construction/extension/addition
Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect
Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board
Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
Salary Certificate and Form No.16 (in case of salaried persons)
IT Returns filed for the past two years (in case of non-salaried persons)
A brief note on the nature of business, year of establishment, type of organization, etc., (in case of self-employed)
Balance Sheet and P&L Account for the past three years (in case of self-employed)
Personal LoanLoan Application with 2 copies of passport size photographs
Latest Salary Certificate and Form No.16 / ITR/ITAO for last 3 years.
Co-obligation
Pronote /Pro-note Covering Letter
Vehicle LoanProof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Proof of Income: Latest salary slip with form 16 Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum/ Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company/ Latest ITR
Bank Statement: Last 6 months
Loan Against PropertyDuly filled Loan Application with passport size photographs - 2 copies each
Copy of lease deed
Income proof of the applicant and guarantor Income Tax Assessment Order / IT Returns
Title deeds of the property / EC, latest tax paid receipt / Legal Scrutiny Report
Approved plan of building
Certificate of balance if finance is availed against property from any other source
Annual Financial Statements for the past 2 years (in case of persons other than salaried individuals)
Gold LoansApplication for Swarna Loan
Certificate by the Jewel Appraiser
Salary Certificate and Form No.16 / Income Proof
Fixed DepositApplication form
Copy of PAN Card / Form 60 or 61 (in case the customer does not have PAN Card)
2 Photographs of Depositor/s
Identity Proof and Address Proof
Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc.

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