According to the bank notification, the service charge has been increased on annual fee, replacement of card, debit card inactivity charge and SMS alert charge. The new service charges will be applicable from February 13.
Public sector lender Canara Bank has increased the service charge on all types of debit cards . According to the bank notification, the new service charges will be applicable from February 13. The bank has increased the service charge on annual fee, replacement of card, debit card inactivity charge and SMS alert charge. Taxes are not included in the above service charges. Applicable taxes will be charged separately. Canara Bank said in a statement, the revised service charges will be effective from February 13.
Canara Bank Debit Card Annual Charges
The annual charge for Classic or Standard Debit card has increased from Rs 125 to Rs 200. The annual charge for the Platinum card has been increased from Rs 250 to Rs 500 and the annual charge for the business card has been increased from Rs 300 to Rs 500. Canara Bank . Will continue to levy an annual charge of Rs 1000 for select debit cards.
Canara Bank Debit Card Replacement Charges
For Classic or Standard Debit Card, Canara Bank has increased the Debit Card Replacement Charge from Nil to Rs 150. Canara Bank has increased the fee from Rs 50 to Rs 150 for Platinum, Business and select cards.
Canara Bank Debit Card Inactivity Charge
For Business Debit Card users, the bank will now levy a card inactivity charge of Rs 300 per annum only. No charge will be levied on any other type of card.
Canara Bank Debit Card SMS Alert Charges
Canara Bank will now levy SMS alert charges on an actual basis starting from Rs 15 per quarter levied earlier. Canara Bank Debit Card – For Standard/Classic, the daily cash withdrawal limit from ATMs is Rs.40,000 while the daily cash withdrawal limit for transactions is Rs. Whereas for Canara Bank Debit Card – Platinum/Select, the daily cash withdrawal limit is Rs 50,000 and the daily purchase transaction limit is Rs 2 lakh.
