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Tag: Debit

  • Bank increase charges: Debit card service charge has increased

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    If you also use debit card then this news is for you. For Classic or Standard Debit Card, Canara Bank has increased the Debit Card Replacement Fee from Nil.


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    Public sector lender Canara Bank has increased its debit card service charges on various card types. As per the official notification of the bank, the new service charges will be effective from 13.02.2023. The bank has hiked the service charges on annual fee, replacement of card, debit card deactivation fee and SMS alert charges.

    Canara Bank said in a statement, ‘The service charges mentioned above are in addition to taxes. Applicable taxes will be collected extra. The revised service charges will be effective from 13.02.2023. So as it is written, the new rates have come into force on the last day.

    Canara Bank Debit Card Annual Fee

    Annual fee for Classic or Standard Debit card increased from ₹125 to ₹200; For Platinum and Business cards, it has increased from ₹250 to ₹500 and ₹300 to ₹500, respectively. Canara Bank will continue to charge an annual fee of Rs 1000 for select debit cards.

    Canara Bank Debit Card Replacement Charges

    For Classic or Standard debit cards, Canara Bank has increased the debit card replacement fee from nil to ₹150. Canara Bank has increased the fee from Rs 50 to Rs 150 for Platinum, Business and select cards.

    Canara Bank Debit Card Deactivation Fee

    For users of business debit cards, the bank will now levy a card deactivation fee of only ₹300 annually. There will be no charges for other card types.

    Canara Bank Debit Card SMS Alert Charges

    Canara Bank will now levy SMS alert charges on actual basis which was earlier ₹15 per quarter. Explain that for Canara Bank Debit Card – Standard/Classic, the daily cash withdrawal limit from ATMs is Rs 40,000, while the daily cash withdrawal limit for transactions is Rs 1 lakh. 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.

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    ( With inputs from : kashmirpublication.in )

  • Bank Debit Card Charges: This bank has increased the debit card

    Bank Debit Card Charges: This bank has increased the debit card

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    Bank Debit Card Charges: This bank has increased the debit card service charges from today , see new charges here

    There is big news for the customers of public sector Canara Bank. Canara Bank has increased its service charges for different types of debit cards. According to the website of Canara Bank, the revised charges have become effective from today i.e. from February 13, 2023.


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    The government bank has increased the charges on Annual Charges, Debit Card Replacement Charges, Debit Card Inactivity Charges. Due to increase in charges, the burden on the pockets of the customers of Canara Bank will increase.

    Annual Fee

    According to the Canara Bank website, the state-run bank has increased the annual fee for the Classic Card from Rs 150 to Rs 200. The annual fees for Platinum and Business cards have been increased from Rs 250 and Rs 300 to Rs 500 and Rs 500, respectively. There has been no increase in the annual fee of the select card.

    debit card charges

    Card replacement

    The bank will now charge Rs 150 for debit card replacement charges, earlier there was no charge on this for Classic card customers. Charges have been increased from Rs 50 to Rs 150 for Platinum, Business and Select debit card holders.

    Debit Card Inactivity

    The bank will now charge business debit card customers only Rs 300 per card deactivation fee per year on the card. No charge will be levied on Classic, Platinum and Select cardholders.

    Charges for SMS alerts

    According to the Canara Bank website, taxes are not included in the service charge. Applicable taxes will be collected extra. The revised service charges will be effective from 13 February 2023.

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    #Bank #Debit #Card #Charges #bank #increased #debit #card

    ( With inputs from : kashmirpublication.in )