Download E Passbook Canara Bank
Rosaline Lathrop
Canara mPassbook is a digital passbook app that allows users to view their passbooks on their phones. The user will only have to register once to use the application online. One can view their account statements and keep track of their debit/credit history with the help of the Canara Bank mpassbook.
Canara digital passbook or mpassbook application includes the same details that are present in the regular Canara Bank passbook. Below are the details that are included in the Canara mpassbook application:
Alternatively, you can also reach out to customer care at 18001030 and requests your customer identification number. I hope you got an idea of how to get customer ID in Canara Bank without passbook.
The Bank had decided to charge Rs10 for updating passbooks of account holders from other branches, but relented after a customer insisted that such basic services should not be charged
"Hum hain na." That's a sentiment that almost every bank will paraphrase and advertise to assure customers about its services. But how much does a customer have to pay for this service?
When a customer of a nationalised bank protested against new charges to be levied, the officials reversed the decision. Banks, however, insist that it is becoming increasingly difficult to continue providing basic services free of charges and customers will have to start paying up.
Canara Bank put up a notice at its Lokhandwala branch recently, announcing that from 15th February every customer would have to pay Rs10 for every entry in the passbook being updated. VS Venkataraman, one among the old customers, protested, saying the move was "absurd". He wrote, "It is the bounden duty of the banks to update the pass books of their customers. This is the minimum service expected from a bank free of charge and the depositor is entitled to know his balance."
While most private banks do not issue pass books, they send statements to customers periodically free of cost. So, the idea of a nationalised bank asking for money to provide this basic service would appear unjust. Mr Venkataraman said, "The nationalised banks should adopt the practice of sending regular statements to customers, if they are not prepared to update the pass book free of charge. Alternatively, they should update the pass book once a month free of charge."
Moneylife intervened on his behalf and spoke to members of Reserve Bank of India committee on depositors' issues. MN Gopinathan, member of the committee and shareholder director of Bank of India, replied and assured that Canara Bank had taken the necessary steps.
"I took up the matter with Jagdish Pai, the executive director of Canara Bank. I got a revert from him now that Canara Bank has decided not to levy charges for updating pass books. I should also clarify that Canara Bank was charging Rs10 only for updation of passbooks at a branch other than the one where the account was maintained. This too will not be levied," Mr Gopinathan said.
However, he explained that customers must understand that banks, like other commercial institutions, must make profits so they can serve other people as well. "Banking is a commercial activity and banks are expected to earn profits sufficient to satisfy capital adequacy requirements. While banking is an essential service, it is not quite reasonable to expect banks to render free service," Mr Gopinathan said.
He explained that banks earn less than 5% on a savings account of a customer which is a nominal amount. So if a customer has a savings account with a balance of Rs1,000 the bank will earn only Rs50. "This", he said, "just about covers the cost of one or two transactions. In fact more than 90% of the deposit accounts are not profitable at all. Already banks do a lot of cross subsidisation to maintain the accounts of a majority of the customers."
Therefore, he explained, that services like transfer of funds (amounting to more than Rs25,000) from one branch to another, must be subject to charges. He said that "in any case, no one, including the government, can afford to provide service free of any charge. At least the cost has to be recovered." Besides, he said, the charges levied by banks do not cover the costs.
While it is understandable that services must be paid for, the charges must be reasonable and justifiable. Give-and-take a little on both sides.
The simplest way to find your Canara Bank customer ID is through the Canara Bank passbook. The account holder can easily refer to their passbook provided by Canara Bank. And follow the below-mentioned steps:
The account holder can also find their Canara Bank Customer ID with the help of Customer care services designed by the bank to cater to a diverse set of queries of the customers. The account holder is required to follow the following steps to obtain their respective Canara Bank customer ID.
The account holder can refer to the welcome toolkit they provided when they established their account with the bank. STEP 1: Locate the welcome letter the bank shared with the account holder.
The Canara Bank provides various services to its account holders to cater to varying needs. The customer ID of the account holder of the Canara Bank can be easily found in the passbooks and chequebooks. The account holder can also avail of internet banking and customer care services offered by the bank at their convenience from the comfort of their home. The account holder with the bank can also visit the nearest branch and reach out to the bank executive present at the help desk. Through the Canara Bank customer ID, the account holder can avail of the various internet banking services offered by the bank and partake in net banking transactions that ensure convenience.
A bank passbook is a physical notebook that holds information related to all banking transactions including elements like credits, debits, loans, and many more. Every bank in India provides a passbook to its customers to help them keep track of their accounts. But with the evolution of technology, many banks today also offer a digitalised version of the passbook.
For customers of Canara Bank, Canara Bank passbook is also available in a digitalised version that you can access through the bank's mobile application. To know more about the Canara passbook, scroll down and read on further.
A passbook is a traditional method of keeping track of your transactions. It provides precise information about how much amount is debited or credited and where you have spent all of your money, etc. While opening an account with Canara Bank, this financial institution will offer a banking kit that includes a passbook, debit card, chequebook, and other banking credentials. Invest Right, Invest Now Open a FREE*
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However, Canara Bank offers customers a digital mPassbook, which eliminates the need to visit the bank branch. It permits you to view the passbook from the comfort of your home or anywhere you prefer. This type of passbook is automatically updated whenever a transaction is completed.
To view Canara Bank Passbook, you have to install the Canara e-Infobook app on your smart device. If you are wondering how to view the passbook using this online application, here is a step-by-step guide to follow.
It comes with an automatic update feature. In case of performing any transaction, you will immediately receive a notification alert. This kind of feature is comparatively useful in contrast to traditional passbooks. A traditional passbook requires you to visit the bank to update your spending or transactions.
With the availability of various major features, you do not have to visit the bank branch to keep track of your account activities. With the mPassbook service, you don't have to wait in a long queue every month to update your passbook. Simply access this digitalized Canara Bank passbook on your smartphone and get hassle-free banking services at any time.
In case you have lost your bank passbook or you want a new passbook for some reason, you will have to write an application to the bank stating the reason behind the issuance of the same. An application for a bank passbook is a type of formal letter, and to learn how to write one, go through the article and the sample letters given.
In the letter requesting for a new passbook, you will have to mention the reason behind your application clearly and provide the necessary documents for their reference. It is similar to a cheque book request letter.
In case you are still confused about the format to be followed for writing an application for a new passbook, refer to the below-provided sample letters. The reasons can be changed as per your requirements but the format of writing the letter will remain the same.
I am Prisha Marie, holding a current account in your branch with account number (mention your account number). I would like to bring to your notice that my bank passbook had been misplaced while I was travelling to my hometown. I am in need of a new passbook and so, I kindly request you to provide me with a new passbook for my account at the earliest.
I am Divya Agarwal, holding a savings account in your branch, with account number (mention your account number). I would like to inform you that my bank passbook was updated last on 28th February, 2022, and now, I am running short of pages in my passbook. For this reason, I request you to kindly provide me with a new bank passbook at the earliest.
An application for a new passbook to the bank can be written like other formal letters. It can be written as follows.
I am _____, holding a ___ account in your branch with account number ____. I would like to inform you that my passbook has been _____(reasons). I request you to provide kindly me with a new passbook. I shall be highly obliged if it can be resolved at the earliest possible date.
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online.
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