Canara bank debit card charges

Federal rates and charges We are transparent in communicating the rates and charges of our card products and other services. That way there are no unpleasant surprises for you. Service charges and fees for banking transactions, depository participant service charges as well as service charges for loans and advances are provided in the documents given below.

New Delhi: Nearly all banks charge a certain amount of money as the yearly maintenance charge of debit cards. However, the fees for various account kinds vary as well. To put it another way, you won't pay the same amount for having a gold card as you would for having a platinum card. Canara Bank offers its customers a host of debit cards -- Classic/Standard, Platinum, Business and other Select card. While the charge for Enrolment Fee and Activation/Membership Fee is NIL for the mentioned debit cards, the Annual Fee is different for each of them. (Also read: Rs 150 debited from your PNB account? Know why) Charge Type Classic/Standard Platinum Business Select Enrolment Fee NIL NIL NIL NIL Activation/Membership Fee NIL NIL NIL NIL Annual Fee Rs. 125/- Rs.250/- Rs. 300/- Rs.1,000/- Hotlist/Duplicate card on account of loss of card Rs. 150/- Rs. 150/ Rs. 150/ Rs. 150/ Replacement card NIL Rs. 50/- Rs. 50/- Rs. 50/- Debit card inactivity fee NIL NIL Rs.300/- NIL First time Green Pin Generation Free Free Free Free Regeneration of Green Pin Rs.50/- Rs.50/- Rs. 50/- Rs.50/- Annual Fee for Classic/Standard is Rs 125, Platinum is Rs 350, Business is Rs 300 and other Select card is Rs 1,000. Users may however note that there is also an 18 percent GST on the service charges mentioned here. The bank will also collect the applicable taxes on the said service charge. Hence for your Canara Bank Classic/Standard debit card, yearly maintenance charge comes at Rs 125 + 18% GST (Rs 22.5) = Rs ...

As per RBI December 2022 data for the number of debit cards in India, the figure stands at 93.94 Crore (93,94,65,892), with Canara Bank accounting for 4.94 Crore (4,94,20,963) debit cards. But hardly few of these debit card holders would know that Canara Bank Debit Card Insurance worth Rs 10 Lakhs is available for free! So, the next time you look around for which debit card is best in Canara bank, make sure to also check out for the maximum coverage on Canara bank insurance for account holders. While debit cards are usually associated with convenience, ease of usage and maintaining a disciplined budgetary habit, insurance is the last thing that would come to your mind because it’s still relatively unknown. Not your fault. While Credit Card insurance may be known to many, but banks hardly take an effort to market Free Debit Card Insurance, which is probably one of the best Canara bank debit card benefits available to card holders. While most banks in India provide the personal accident insurance coverage for free, today we’ll discuss in detail about Canara Bank, India’s leading public sector bank, which provides Free Complimentary Insurance Benefits to its debit card users. Before we get into explanation of Canara Bank debit card insurance details, let’s answer some of the commonly asked questions regarding ATM debit card insurance coverage. Does ATM debit card have insurance? Yes. Most banks in India offer free complimentary insurance to debit card holders. Is there any in...

State-owned Canara Bank will levy about Rs 112 annual fee on its ATM debit cards from July 1. The bank, which currently issues the cards free of cost, said in a circular that a need has been felt to offer the services at competitive rates in tune with “market trends.” “It has been decided to charge a nominal fee of Rs 100 per card plus applicable service tax on completion of one year from the date of issue/renewal of the card and thereafter to be charged yearly,” it said. The current rate of service tax is 12 per cent. The annual fee will be levied from July 1, it added. Several other banks, including SBI, also charge an annual fee in the same range. Canara Bank further said the annual fee will not apply to debit cards issued to customers with Canara Small Savings Account, Basic Savings Bank Account and Financial Savings Bank Account. It said that for debit cards issue or renewed up to June 30, 2012, the annual fee would charged on July 1. For cards issued after July 1, 2012, the fee will be recovered after 12 months. The annual charges will be debited from primary account of the card holder by the system on due date. In case of insufficient balance, a “hold” will be created and same will be released as and when the balance is available, the bank said.

The public sector lender Canara Bank has hiked its debit card service charges on various card types. As per the official notification of the bank, the new service charges will go into effect on 13.02.2023. The bank has hiked service charges on the yearly annual fee, replacement of cards, debit card inactivity fee and charges for SMS alerts. “The service charges mentioned above are exclusive of taxes. Applicable taxes will be collected extra. The revised service charges will come into effect from 13.02.2023," said Canara Bank in a statement. Canara Bank debit card inactivity fee For users of business debit cards, the bank would now only impose a card inactivity fee of ₹300 annually. There will be no charge for the other card types. Canara Bank debit card SMS alert charges Canara Bank will now impose SMS alert charges on actuals basis from ₹15 per quarter imposed before. For Canara Bank Debit Card - Standard/Classic, the daily cash withdrawal limit at ATMs is Rs. 40,000, while the daily cash withdrawal limit for transactions is Rs. 1 lakh. While the daily cash withdrawal limit for Canara Bank Debit Card - Platinum/Select is Rs. 50,000 and the daily purchase transaction limit is Rs. 2 lakhs. View Full Image Canara Bank Debit Card Charges (canarabank.com) Canara Bank has recently informed stock exchanges that “Pursuant to Regulation 29(1), 50 and other applicable provisions of SEBI (LODR) Regulations, 2015, Notice is hereby given to Stock Exchanges that the Board Meeting of th...

Canara Bank offers a range of banking products and services, including savings accounts, current accounts, fixed deposits, recurring deposits, loans, credit cards, debit cards, and internet banking. In this post, we will talk about About Canara Bank Canara Bank is a leading public sector bank in India with a wide range of banking and financial services. The bank was founded in 1906 and has its headquarters in Bengaluru, Karnataka. Canara Bank has a strong network of over 10,000 branches and 14,000 ATMs across India, making it easily accessible to customers in both urban and rural areas. Services Offered by Canara Bank Here is a brief overview of some of the key services offered by Canara Bank: Canara Bank Netbanking: Canara Bank Mobile Banking: Canara Bank offers a mobile banking app (Canara ai1) that you can download on your smartphone. After logging in to the app, you can check your account balance, view account statements, and perform several other banking transactions. Debit Cards: Canara Bank offers a range of Accounts: Canara Bank offers various types of savings accounts and current accounts to suit different customer needs. The bank’s savings accounts come with a range of benefits, such as free ATM withdrawals, SMS alerts, and mobile banking. The bank’s current accounts are designed for businesses and come with a range of features, such as overdraft facilities, free NEFT: Like all the other scheduled commercial banks in India, Canara Bank also provides its customers...

The public sector lender Canara Bank has hiked its debit card service charges on various card types. As per the official notification of the bank, the new service charges will go into effect on 13.02.2023. The bank has hiked service charges on the yearly annual fee, replacement of cards, debit card inactivity fee and charges for SMS alerts. “The service charges mentioned above are exclusive of taxes. Applicable taxes will be collected extra. The revised service charges will come into effect from 13.02.2023," said Canara Bank in a statement. Canara Bank debit card inactivity fee For users of business debit cards, the bank would now only impose a card inactivity fee of ₹300 annually. There will be no charge for the other card types. Canara Bank debit card SMS alert charges Canara Bank will now impose SMS alert charges on actuals basis from ₹15 per quarter imposed before. For Canara Bank Debit Card - Standard/Classic, the daily cash withdrawal limit at ATMs is Rs. 40,000, while the daily cash withdrawal limit for transactions is Rs. 1 lakh. While the daily cash withdrawal limit for Canara Bank Debit Card - Platinum/Select is Rs. 50,000 and the daily purchase transaction limit is Rs. 2 lakhs. View Full Image Canara Bank Debit Card Charges (canarabank.com) Canara Bank has recently informed stock exchanges that “Pursuant to Regulation 29(1), 50 and other applicable provisions of SEBI (LODR) Regulations, 2015, Notice is hereby given to Stock Exchanges that the Board Meeting of th...

As per RBI December 2022 data for the number of debit cards in India, the figure stands at 93.94 Crore (93,94,65,892), with Canara Bank accounting for 4.94 Crore (4,94,20,963) debit cards. But hardly few of these debit card holders would know that Canara Bank Debit Card Insurance worth Rs 10 Lakhs is available for free! So, the next time you look around for which debit card is best in Canara bank, make sure to also check out for the maximum coverage on Canara bank insurance for account holders. While debit cards are usually associated with convenience, ease of usage and maintaining a disciplined budgetary habit, insurance is the last thing that would come to your mind because it’s still relatively unknown. Not your fault. While Credit Card insurance may be known to many, but banks hardly take an effort to market Free Debit Card Insurance, which is probably one of the best Canara bank debit card benefits available to card holders. While most banks in India provide the personal accident insurance coverage for free, today we’ll discuss in detail about Canara Bank, India’s leading public sector bank, which provides Free Complimentary Insurance Benefits to its debit card users. Before we get into explanation of Canara Bank debit card insurance details, let’s answer some of the commonly asked questions regarding ATM debit card insurance coverage. Does ATM debit card have insurance? Yes. Most banks in India offer free complimentary insurance to debit card holders. Is there any in...

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State-owned Canara Bank will levy about Rs 112 annual fee on its ATM debit cards from July 1. The bank, which currently issues the cards free of cost, said in a circular that a need has been felt to offer the services at competitive rates in tune with “market trends.” “It has been decided to charge a nominal fee of Rs 100 per card plus applicable service tax on completion of one year from the date of issue/renewal of the card and thereafter to be charged yearly,” it said. The current rate of service tax is 12 per cent. The annual fee will be levied from July 1, it added. Several other banks, including SBI, also charge an annual fee in the same range. Canara Bank further said the annual fee will not apply to debit cards issued to customers with Canara Small Savings Account, Basic Savings Bank Account and Financial Savings Bank Account. It said that for debit cards issue or renewed up to June 30, 2012, the annual fee would charged on July 1. For cards issued after July 1, 2012, the fee will be recovered after 12 months. The annual charges will be debited from primary account of the card holder by the system on due date. In case of insufficient balance, a “hold” will be created and same will be released as and when the balance is available, the bank said.