Last Update: January 17th, 2023, 12:29 PM IST
Canara Bank increased the fee from Rs 50 to Rs 150 on Platinum, Business and select cards.
The annual cost has been increased from Rs 125 to Rs 200 for Ordinary or Classic Debit cards and from Rs 250 to Rs 500 for Platinum cards.
Public sector lender Canara Bank has increased the charges for using its debit cards. The revised service charges will be effective from February 13, 2023, after an official statement from the bank. Annual fee, card replacement cost, inactivity fee for debit cards and SMS alert fee have all been increased by the bank. “Taxes are not included in the service charges listed above. Applicable taxes will also be recovered. The updated service charge will be effective from February 13, 2023,” according to a statement from Canara Bank.
The annual cost has been increased from Rs 125 to Rs 200 for Ordinary or Classic Debit cards, from Rs 250 to Rs 500 for Platinum cards and from Rs 300 to Rs 500 for business cards. For certain Debit cards, Canara Bank Rs. 1000 annual fee. Canara Bank increased the replacement fee from zero to Rs 150 for traditional or classic debit cards.
Canara Bank increased the fee from Rs 50 to Rs 150 on Platinum, Business and select cards. The bank will no longer charge business debit card users more than Rs 300 annual card deactivation fee. No charges will be levied for other types of cards.
Canara Bank will now charge for SMS alerts on an actual basis instead of the previous Rs 15 per quarter.
Daily cash withdrawal limit for Canara Bank Debit Card – Standard/Classic Rs. 40,000 at the ATM, and this Rs. 1 lakh for the transaction. Whereas for Canara Bank Debit Card – Platinum/Select the daily purchase transaction limit is Rs. 2 lakh and the daily cash withdrawal cap is Rs. 50,000.
According to the statement made by Canara Bank to the stock exchanges, “Pursuant to Regulation 29(1), 50 and other applicable provisions of SEBI (LODR) Regulations, 2015, notice is given to the stock exchanges that the Board Meeting of the Bank is scheduled. to consider and approve, among other things, the unaudited (reviewed) standalone and consolidated financial results of the Bank for the third quarter at its Head Office in Bengaluru on Monday, the 23rd January, 2023.
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