Home Science Canara Bank Introduces New Payroll Account for Customers

Canara Bank Introduces New Payroll Account for Customers


Canara Bank recently introduced its “Premium Payroll Package” for its Salary account holders with innovative features that make banking easy and secure. This package comes with free personal and air accident insurance coverage, free term life insurance, insta overdraft, and premium cards. The package has been designed in a way that it meets the banking requirements of salaried individuals within a 360-degree approach.

On the occasion of launching the product, Shri. K. Satyanarayana Raju, MD&CEO of Canara Bank said that it brings him immense pleasure to offer such a comprehensive package to the bank’s customers, who deserve the best.

Canara Bank is a leading and customer-centric banking provider in India. Founded in July 1906 in Mangalore, Karnataka by a great visionary and philanthropist, Shri Ammembal Subba Rao Pai, the bank’s journey of development can be traced back to its nationalization in 1969, making it a national level player with a broad geographical reach and a diverse customer base. In the 80s, it diversified its business portfolio. Later, in June 2006, Canara Bank marked its century of existence.

Shri. K. Satyanarayana Raju is the present MD&CEO of the bank. He is an experienced banking expert who aims to improve customer experience and banking solutions for better financial stability and convenience. He has streamlined the banking system and has introduced several customer-centric initiatives that have helped the bank grow in leaps and bounds.