Hello friends, have you made driving your profession? Do you worry about what might happen if an unexpected incident or accident occurs while you are on the job? If so, here is some important information for you. Canara Bank has launched an excellent scheme to ensure your financial security. Let us find out more about it below.

Auto drivers, taxi drivers, delivery boys, cab drivers, gig workers working on various digital platforms, and bike drivers who spend a lot of time on the road every day need financial security as they are at high risk of accidents while working. In this context, Canara Bank has provided insurance protection of Rs. 6,00,000/- to auto drivers and gig workers. To avail this facility, the beneficiaries need only open a Canara Gigstar Zero Balance Account in Canara Bank. The objective behind Canara Bank providing this facility to auto drivers and gig workers is to provide financial security to the working class.

In this article, let’s find out complete information about who is eligible to avail this facility? Apart from this facility, what other facilities are available at Canara Bank? What are the eligibility criteria required to open an account? What are the required documents? How to open an account?

Short review of the project:

Bank name	Canara Bank
Account name	Canara Gig Star Account
Eligible beneficiaries	Auto drivers, gig workers, taxi drivers, delivery boys, cab drivers
Insurance benefit amount	Rs. 6,00,000/-
Account opening procedure	Through the nearest Canara branch or Online Portal

About Canara Bank Gig Star Scheme:

With the aim of providing financial security to auto drivers, gig workers and other unorganized sector workers, Canara Bank has introduced its new zero balance account called Canara GigStar, which offers a large amount of accident insurance through this account.

Nowadays, the number of delivery boys and auto drivers is increasing due to the rapid growth of the gig economy. However, they lack financial and social security. With the aim of helping such people, an insurance facility worth Rs. 6,00,000/- is being provided.

Other benefits available in addition to insurance:

If any individual opens a Gigstar Zero Balance Account with Canara Bank, that individual will get accident insurance benefits worth Rs. 6,00,000/-.
Since the Canara Gig Star account is a zero balance account, there is no requirement to keep any specific amount of money in the account.
Canara Bank offers easy two-wheeler loan facilities to gig workers and waivers on processing fees.
In addition, free debit cards, NEFT, and other digital banking facilities including RTGS and IMPS will be available.

Project Objective:

Providing social and economic security to gig workers and auto drivers:

The objective of implementing the Canara Bank Accident Insurance Scheme is to provide financial security to the working class. It is to ensure that auto drivers and gig workers and their families get financial assistance in case of any accident or unforeseen event while on duty.

Promoting the inclusion of the banking system:

Unorganized workers, mostly those without PF, EPF facilities, auto drivers, and gig workers, are largely excluded from banking facilities. It is important to encourage such workers to use banking services by making it mandatory to open a bank account to avail accident insurance facilities. Due to this, they can easily avail various banking facilities and financial facilities.

Reducing unexpected financial hardship:

The aim of this scheme is to help reduce the medical expenses and financial strain on the family of auto drivers and gig workers in the event of an accident while on duty.

Securing the family’s future:

To provide financial security to families by providing financial assistance from the accident insurance scheme in the event of any disaster that befalls the person who is the main income earner of the family.

Encouraging digital payments:

Canara Bank will introduce Gig Star Zero Balance Account for unorganized workers and auto drivers, and promote cashless transactions by providing free QR code facility and digital banking facility.

Eligibility criteria to open an account:

The applicant must be a permanent resident of India.
Must be at least 18 years of age to open an account.
Applicants must be auto, taxi, cab drivers, and working as delivery boys and gig workers in online delivery companies.
If you have previously opened a regular account with Canara Bank, such candidates can convert their account to a Canara Gigstar account.

Documents required to open an account:

Aadhar card
PAN card
If you are an auto and taxi driver, you must have a vehicle badge/auto association identity card and a vehicle driving license.
If you are a delivery boy, you must have an ID card from the company you work for and a screenshot of your profile.

Account opening procedure:

Beneficiaries can avail of an accident insurance benefit worth Rs. 6,00,000/- by opening a ‘Canara Gig Star Zero Balance Account’ either through the online portal or at a Canara Bank branch; let us learn how to do this in the steps below.

Through the Online Portal

Beneficiaries should first visit the Canara Bank online account opening portal.
Click on ‘Open Account’, enter the mobile number linked to your Aadhaar, and verify it using the OTP.
Next, authenticate using your Aadhaar number and Aadhaar OTP, and enter your PAN card details.
Select the ‘Canara Gigstar’ account from the list of available bank accounts.
Then, enter your personal details, current address, employment information, and nominee’s name.
Finally, complete the process via a live video call with a Canara Bank official by showing your original PAN card and providing a signature on a blank sheet of paper.

Through the Canara branch:

Beneficiaries who wish to open a Canara Gig Star account should visit their nearest Canara Bank branch.
Ask the staff there for the application form required to open a Canara Gig Star Zero Balance Account.
Then fill in the name, address, other personal details, mobile number and nominee details as asked in the application form.
Attach other necessary documents including Aadhar card, PAN card, employment ID card along with the filled application form.
Submit it to the officer, who will review your application, obtain your signature, and activate your account.

Final conclusion:

Canara Bank has introduced an accident insurance facility of Rs. 6,00,000/- with the aim of providing financial assistance to auto drivers, gig workers and unorganized workers who spend a lot of time on the road every day and their families in case of any accident. Beneficiaries who want to take advantage of this scheme of Canara Bank and find financial security for their future can visit their nearest Canara Bank branch today and open a Gigstar Zero Balance Account.

Zero Balance Account Open Link

Drivers: Canara Bank provides ₹6 lakh facility to auto, cab, delivery boys. Bumper gift for drivers!