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Canara Bank revises 9 service charges on bank accounts – Latest services charges


Canara Bank revises 9 service charges on bank accounts – Latest services charges

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2.ECS (Debit Return)
* After the revision, below are the new rates

* Below Rs 1000/ is Rs 300/-

* Rs 1000/- to below Rs 5000/- is Rs 400/-

* Rs 5000/- to below Rs 10000/- is Rs 450/-

* Rs 10000/- to below Rs 1 Lakh is Rs 475/-

* Rs 1 Lakh to below Rs 50 Lakhs is Rs 500/-

* Rs 50 Lakhs to below Rs 1 Cr is Rs 1000/-

* Rs 1 Cr. and above is Rs 2000

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4.Non-Maintenance of Average Monthly Minimum Balance

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4.Non-Maintenance of Average Monthly Minimum Balance

Metro/Urban Branches

* Rs 1999/- to Rs 1500/- is Rs 25/-+GST

* Rs 1499/- to Rs 1000/- is Rs 35/-+GST

* Rs 999/- and below is Rs 45/-+GST

Semi Urban Branches

* Rs 999/- to Rs 700/- is Rs 25/-+GST

* Rs 699/- to Rs 400/- is Rs 35/-+GST

* Rs 399/- and below is Rs 45/-+GST

Rural Branches

* Rs 499/- to Rs 350/- is Rs 25/-+GST

* Rs 349/- to Rs 200/- is Rs 35/-+GST

* Rs 199/- and below is Rs 45/-+GST

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6.Funds transfer through Internet & Mobile Banking Services (IMPS transfer)

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6.Funds transfer through Internet & Mobile Banking Services (IMPS transfer)

* Below Rs 1000 NIL

* Rs 1000/- to below Rs 10000/- is Rs 3/-+GST

* Rs 10000/- to below Rs 25000/- is Rs 5/-+GST

* Rs 25000/- to below Rs 1 Lakh is Rs 8/-+GST

* Rs 1 Lakh to below Rs 2 Lakhs is Rs 15/-+GST

* Rs 2 Lakhs to Rs 5 Lakhs is Rs 20/-+GST.

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7.Ledger Folio Charges

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7.Ledger Folio Charges

One page shall consist of 40 entries, or any portion thereof. In the event of CA/OD/OCC/PL/KCC/KCCS (i.e. all credit limitations other than single transaction limits and Bills/Cheque limits), Rs 125+GST per ledger page will be collected on a quarterly basis (Jun/Sep/Dec/Mar). In the case of active accounts, the number of free folios per quarter available is as follows:

Amount Number of Free Folios Upto

* Rs 25000/- No free folios

* Rs 25001/- to Rs 50000/- 02 free folios

* Rs 50001/- to Rs 100000/- 04 free folios

* Rs 100001/-to Rs 200000/- 07 free folios

* Rs 200001/-to Rs 500000/- 10 free folios

* Above Rs 500000/- No charges

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9. BSBD Account Charges

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9. BSBD Account Charges

According to the Canara Bank website, “Four (4) withdrawals per month including drawings through ATM (own Bank/other Bank ATMs) are free of cost. Withdrawals exceeding 4 per month would be levied a service charge at the rate not exceeding Rs 5/- +GST per withdrawal.

The above charge of Rs 5/- will not be levied for any type of debit transactions (exceeding the prescribed minimum four free transactions in a month) for transactions where normal charges are collected for services extended such as:

1. Cash Withdrawal through channels such as ATM/POS, etc.

2. RTGS/NEFT/Clearing/Transfer/ Internal Debit/EMIs/DD/ Standing Instructions.

3. BC transactions.

Exemptions:

1. Electronic Debit card transactions powered by RuPay.

2. Unified Payments Interface (UPI) (BHIM UPI).

3. Unified Payments Interface Quick Response Code (UPI QR Code) (BHIM UPI QR Code)”

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