Canara Bank Revised Service Charges for various banking non-credit, non-forex related services with effect from February 3, 2023. The bank has revised charges including Cheque Return, ECS debit return charges, Average Minimum Balance (AMB), Non-Maintenance of Average Monthly Minimum Balance, Ledger Folio Charges, Funds transfer through Internet & Mobile Banking Services (IMPS transfer) and more.
Canara Bank has revised service charges of banking accounts charges excluding the certain credit, forex related services with effect from February 3, 2023. The bank has revised charges on SMS, Cheque Return, ECS debit return charges, Average Minimum Balance (AMB), Non-Maintenance of Average Monthly Minimum Balance, Ledger Folio Charges, Funds transfer through Internet & Mobile Banking Services (IMPS transfer) and many more.
Cheque Return Charges
If returned on technical reasons, no charges for customers. After the revision, for cheque amount below Rs 1000, charge will be Rs 200, for amounts between Rs 1000 – below Rs 10 Lakhs, charge is Rs 300. This is for – Inward, Outward, Local & Outstation cheques.
ECS Return (Debit) Charges
New ECS return charges with Canara Bank is :
Average Minimum Balance (AMB) Charges
Saving Bank Account- Minimum balance to be maintained
Non-Maintenance of Average Monthly Minimum Balance Charges are
Metro/Urban Branches
Rural Branches
Charges for Addition/Deletion of Names in the account
For addition or deletion of names the charge is Rs 100 plus GST per case/instance. No charges for online. Not applicable for deletion of name on account of death of customer in Joint Account.
Funds transfer Charges through Internet & Mobile Banking
The revised IMPS fund transfer charges with the bank are :
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), Charges of 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
Request for Change of Mobile Number/ E-mail/ Address
At the time of Account opening/ First time (legacy account): NIL.
Further change: Rs 50/-+GST per instance.
Also Read – Canara Bank Debit Card Withdrawal Limit Revised
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:
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)”
Click here to get the full list of Canara Bank revised service charges.
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