Understanding Canara Bank cash withdrawal limits is crucial for managing your funds efficiently. Whether you’re using ATMs, debit cards, or branch services, knowing your limits can help you avoid surprises and fees.
In this blog, we’ll break down everything you need to know about Canara Bank’s cash withdrawal limits—from daily and monthly limits to charges associated with various withdrawal methods. Let’s dive into the details of Canara Bank cash withdrawal limits and stay ahead of your banking needs.
Table of contents
- What are Canara Bank Cash Withdrawal Limits?
- Canara Bank Cash Withdrawal Limits via Debit Cards
- Canara Bank Cash Withdrawal Limits for Savings Account
- Canara Bank Cash Withdrawal Limits for Current Account
- Cash Withdrawal Limit of Canara Bank NRO Account
- Cash Withdrawal Limit of Canara Bank NRE Account
- Factors Affecting Canara Bank Cash Withdrawal Limits
- FAQs
What are Canara Bank Cash Withdrawal Limits?
The daily Canara Bank cash withdrawal limits can range from INR 40,000 to INR 1,00,000. This depends on various factors like account type (savings or current) and debit card type.
Check out the overview of cash withdrawal limits from Canara Bank-
- ATM Cash Withdrawal Limit Per Day- INR 75,000 to INR 1,00,000
- Savings Account Withdrawal Limit- INR 25,000 to INR 1,00,000
- Current Account Withdrawal Limit- INR 1,00,000 to INR 10,00,000
- NRO Account Withdrawal Limit- INR 75,000 to INR 1,00,000
- NRE Account Withdrawal Limit- INR 1,00,000
Account holders can also use a Withdrawal Order Form to withdraw cash, but this can only be done at the base branch. You’ll also need to submit an officially valid document (like your PAN or Aadhar) for this transaction.
However, PMJDY, BSBDA (Basic Savings Bank Deposit Account), and Small Account holders can use Withdrawal Order Forms to withdraw up to INR 5,000 from any branch. For other customers, this facility is limited to the base branch.
Canara Bank Cash Withdrawal Limits via Debit Cards
Canara Bank offers generous cash withdrawal limits across different debit card types. Whether you have a Classic Debit Card or a Platinum/Select card, you can easily access cash within a range of INR 75,000 to INR 1,00,000 per day.
Check out the revised daily Canara Bank cash withdrawal limits for ATM, POS, and E-Commerce transactions in the table below-
| Debit Card Type | ATM Cash Withdrawal Limit (INR) | POS/E-Commerce Limit (INR ) |
| Rupay Classic Debit Card | 75,000 | 2,00,000 |
| Rupay Select Debit Card | 1,00,000 | N/A |
| Mastercard World Debit Card | 1,00,000 | 5,00,000 |
| Visa Platinum Debit Card | 1,00,000 | 5,00,000 |
| Rupay Platinum International Debit Card | 1,00,000 | 5,00,000 |
| Mastercard World NRI Platina Debit Card | 1,00,000 | 5,00,000 |
| VISA Classic Debit Card | 75,000 | 2,00,000 |
| Rupay Platinum Domestic Debit Card | 1,00,000 | 5,00,000 |
| Mastercard Platinum Women Debit Card | 1,00,000 | 5,00,000 |
| Mastercard Platinum Millennial Debit Card | 1,00,000 | 5,00,000 |
| Mastercard Platinum Debit Card | 1,00,000 | 5,00,000 |
| MasterCard Business Debit Card | 1,00,000 | 5,00,000 |
| MasterCard Standard Debit Card | 75,000 | 2,00,000 |
Note- For contactless transactions, the limit is INR 5,000 per transaction, with a maximum of 5 transactions per day.
These updated limits and new cash rules for withdrawal limits provide more flexibility for your daily transactions, ensuring smoother access to funds and easier payments.
Also Read: Discover all the necessary Canara Bank education loan documents required for smooth loan application process!
Canara Bank Cash Withdrawal Limits for Savings Account
Canara Bank allows customers to withdraw up to INR 50,000 from Savings Bank (SB) or Current Account at any branch using a self-cheque. There are no charges for cash withdrawals up to INR 50,000.
You get a maximum of 4 or 5 free withdrawals per month based on the account. Exceeding the bank savings account cash withdrawal limits at Canara Bank may incur additional charges of INR 5 apply for each additional withdrawal.
Check out the Canara Bank cash withdrawal limits for savings account withdrawals-
| Savings Account Type | Cash Withdrawal Limit | Free Transactions |
| Canara SB General | Up to INR 25,000 per day | Maximum 4 free withdrawals per month (charges apply for exceeding this limit). |
| Canara Aspire | INR 1,00,000 per day (ATM Cash Withdrawal) | Maximum 5 free withdrawals per month at Canara Bank branch ATM |
| Canara Angel | INR 1,00,000 per day (ATM Cash Withdrawal) | Maximum 5 transactions (Financial + non-financial) per month at bank branch ATM |
| Canara SB Select | Up to INR 1,00,000 per day (ATM Cash Withdrawal) | Unlimited free transactions at Canara ATMs. |
| Canara SB Power Plus | Up to INR 50,000 per day | Unlimited free transactions at Canara ATMs. |
Canara Bank Cash Withdrawal Limits for Current Account
The daily cash withdrawal limit for current accounts in Canara Bank depends on the account type. The limit is up to INR 1,00,000 per day for Canara Bank Current Account Delite and up to INR 10 lakhs per month for Canara Bank Current Account Elite.
While there are unlimited free transactions at Canara ATMs for current accounts, withdrawals from non-Canara ATMs may incur additional fees. Check out Canara Bank cash withdrawal limits for current accounts-
| Current Account Type | Cash Withdrawal Limit |
| Current Account Elite | Daily Cash Handling of INR 10 lakhs with the upper cap of INR 1 crore in a month. |
| Current Account Delite | ATM Cash Withdrawal per day- INR 1,00,000 per day POS/ E-Com- INR 5,00,000 per day NFC (Contactless)- INR 25,000 per day |
Cash Withdrawal Limit of Canara Bank NRO Account
A Non-Resident Ordinary (NRO) account is specifically designed for Non-Resident Indians (NRIs) to manage their income earned in India, such as rent, dividends, or pension. The NRO account can be held as a savings or current account and offers various banking services similar to domestic accounts.
The Canara Bank cash withdrawal limit for your NRO account is up to INR 50,000 per day. For branch withdrawals using a cheque or withdrawal slip, customers can withdraw up to INR 1 lakh per day.
NRO account holders can enjoy unlimited free transactions at Canara Bank ATMs. For example, there may be a charge of around INR 5 per INR 1,000 withdrawn beyond the specified limits.
Here’s a quick look at the daily Canara Bank cash withdrawal limits below-
- Canara Platina NRE/NRO Debit Card- INR 1,00,000 per day
- Canara Bank RuPay Select Debit Card- INR 1,00,000 per day
- Canara Bank Classic Debit Card- INR 75,000 per day
- Canara Bank Platinum/Select Debit Card- INR 1,00,000 per day
Tip- You can conveniently set your own limits for various transaction channels, such as ATM, branch, mobile banking, internet banking, or IVRS, giving you full control over your spending.
Also Read: Check here all about Canara Bank education loan processing time. Know the stages involved and the documents required.
Cash Withdrawal Limit of Canara Bank NRE Account
A Non-Resident External (NRE) account is designed for Non-Resident Indians (NRIs) to manage their income earned outside India while allowing them to maintain funds in Indian Rupees.
For NRE Premium SB Account, the daily Canara Bank cash withdrawal limit is INR 1,00,000 at ATMs. This limit ensures you can access a substantial amount of funds for your daily transactions, whether you’re withdrawing from Canara Bank ATMs or other banks’ ATMs in India.
Check out the key features of the Canara Bank NRE Premium SB Account-
- Daily Cash Withdrawal Limit- INR 1,00,000 from ATMs.
- Minimum Average Monthly Balance (MAB)- INR 1,00,000.
- Debit Card Benefits-
– No annual maintenance charges.
– No charges for PIN regeneration. - ATM Transaction Benefits- Unlimited free ATM transactions at both Canara Bank and other bank ATMs across India.
Factors Affecting Canara Bank Cash Withdrawal Limits
Several key factors influence the cash withdrawal limits at Canara Bank, determining how much customers can access from their accounts on a daily basis. Understanding these factors can help customers navigate their banking experience more effectively. Check out the factors affecting bank cash withdrawal limits at Canara Bank below-
Type of Account
The type of account you hold significantly impacts your withdrawal limits. For instance:
Savings Accounts typically have lower withdrawal limits compared to Current Accounts. Current accounts are designed for businesses and frequent transactions, allowing higher daily withdrawals.
Premium accounts, such as NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts, may also offer enhanced withdrawal limits to cater to the needs of NRIs.
Type of Debit Card
The debit card associated with your account plays a crucial role in determining your withdrawal limit:
- Classic Debit Cards may have a lower daily limit (e.g., INR 50,000).
- Platinum or Select Debit Cards typically allow higher withdrawals (up to INR 1,00,000 per day) due to their premium status.
Withdrawal Method
The method you choose for withdrawals can affect the limits:
- ATM Withdrawals: Daily limits generally range from INR 50,000 to INR 1,00,000, depending on the card type.
- Branch Withdrawals: Customers may access higher amounts through cheque withdrawals at branches, often up to INR 1 lakh or more per day.
Transaction Frequency
The number of transactions made can also influence cash withdrawal limits. Exceeding the free transaction limit may incur additional fees, which can affect how customers manage their withdrawals.
Location of ATM
The location of the ATM can impact withdrawal limits:
- Urban ATMs may offer higher limits compared to rural ATMs due to differences in transaction volumes and demand.
- International ATMs often have lower withdrawal limits due to security concerns and currency conversion rates.
Regulatory Guidelines
Banks must adhere to regulatory guidelines set by the Reserve Bank of India (RBI), which can influence overall cash withdrawal policies and limits across all banks, including Canara Bank.
This was all about the Canara Bank cash withdrawal limits. By being aware of your account type, card type, and transaction methods, you can optimize your banking experience while avoiding unnecessary fees.
FAQs
Canara Bank cash withdrawal limits range from INR 40,000 to INR 1,00,000, depending on the account type and debit card held.
The monthly cash withdrawal limit varies by account type. For example, current accounts can have a limit of up to INR 10 lakhs per month.
For savings accounts, the cash withdrawal limit is typically up to INR 25,000 per day, with some accounts allowing up to INR 1,00,000.
Current accounts generally allow withdrawals of up to INR 1,00,000 per day, with certain premium accounts permitting higher limits.
ATM cash withdrawal limits at Canara Bank can range from INR 75,000 to INR 1,00,000 per day depending on the debit card type.
Yes, you can request an increase in your cash withdrawal limit by contacting customer service or visiting your nearest branch.
Yes, if you exceed your cash withdrawal limits, Canara Bank may charge fees of around INR 5 per INR 1,000 withdrawn beyond the specified limits.
Most savings accounts allow for a maximum of 4 to 5 free withdrawals per month; exceeding this may incur additional charges.
For NRO accounts, the daily cash withdrawal limit is up to INR 50,000, while NRE accounts allow withdrawals of up to INR 1,00,000 per day.
Canara Bank offers various debit cards such as Classic, Platinum, and Select cards with ATM withdrawal limits ranging from INR 75,000 to INR 1,00,000 per day.
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