Canara Bank issues Explanation Call to Staff for not sourcing Savings Accounts

Canara Bank – one of the largest public sector banks in India has issued explanation call to one of its staff for not sourcing savings accounts. Canara Bank has launched a new campaign – Each 1 Source 5 Campaign. In this campaign, each staff of Canara Bank has to open 5 savings accounts. Staff who have not opened accounts in this campaign are being issued explanation call.

Canara Bank Letter Issued

विषय / Subject: TWO QUALITY ACCOUNT NOT OPENED UNDER Each 1 Source 5 Campaign.

It has been instructed repeatedly to open 5 Quality saving accounts by each staff as per the direction of Top Management. The campaign was launched on 02.06.2025 and minimum quality accounts to open is 2 before 30.06.2025. Even after lapse of 1 Month & 06 days you have not opened 2 quality accounts under Each 1 Source 5.

Total Accounts to be opened	Account opened
5	0

The non-performance under the above campaign and not obeying the instruction of Top Management is totally unacceptable.

You are hereby instructed to explain the reason for not opening 2 Accounts under Each 1 Source 5 by 30.06.2025 and why disciplinary action cannot be initiated against you. Your reply should be submitted on or before 10.07.2025.

Issues in Opening Bank Accounts under Pressure

Opening Accounts is good but it has to be done properly and meticulously. Recently, 8.5 lakh mule (fake) accounts have been opened across several banks in India and now CBI is planning to start a detailed investigation. CBI has found that over 8.5 lakh mule accounts were opened in more than 700 branches of different banks across India. Many of these accounts were opened without following proper guidelines and were used to move money stolen through cyber scams.

In investigations related to these mule accounts, it has been found that Banks in India are opening accounts without proper due diligence. CBI has also found that there are various lapses in the process of opening of bank accounts. Click here to read this report in detail.