Canara Bank extends SB Gold scheme

Canara Bank has launched two new schemes for their High Networth Individuals "� SB Gold (Savings Bank) and Can-Premium Current Account.

The schemes offer various services like free debit and credit cards, anywhere banking facility, internet and mobile banking facility with free funds transfer, telebanking and issue of demand drafts at concessional charges, among others.

According to a Canara Bank press release, SB Gold scheme, which was first launched in Bangalore last year, has been extended to the bank's customers across the country.

In order to avail these facilities, the customers need to hold an average monthly balance of Rs 1 lakh in their operative accounts.

They also enjoy the facility of sweep in sweep out, whereby the balances held beyond Rs 1 lakh earn interest at rates applicable to term deposits. The schemes aim at retaining and adding to the Bank's share of high net worth clientele.