Understanding Canara Bank Cash Withdrawal Limits is essential for managing your finances efficiently. Whether you’re withdrawing money from an ATM, making transactions at a branch, or using your Canara Bank debit card, being aware of the daily and monthly withdrawal limits helps you stay in control and avoid unnecessary charges.
Knowing these limits can ensure smoother financial planning and prevent transaction failures due to exceeding set thresholds. In this comprehensive guide, we’ll explore Canara Bank cash withdrawal limits, covering account types, debit card variations, and transaction methods. Stay informed to make the most of your banking experience.
Table of contents
- What are Canara Bank Cash Withdrawal Limits?
- Canara Bank Cash Withdrawal Limits via Debit Cards
- Canara Bank Monthly ATM Cash Withdrawal Limits
- Canara Bank Cash Withdrawal Limit by Cheque & Self-Cheque
- 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?
Canara Bank sets specific cash withdrawal limits to balance accessibility and security for its customers. These limits vary based on account type, debit card, and withdrawal method. Understanding the Canara Bank cash withdrawal limits ensures you can access funds seamlessly for daily needs or emergencies.
Here’s a quick breakdown of Canara Bank cash withdrawal limits across different account types:
- Savings Account: INR 25,000–1,00,000 per day (ATM and branch withdrawals).
- Current Account: INR 1,00,000–10,00,000 per day (depending on account variant).
- NRO Account: INR 50,000–1,00,000 per day.
- NRE Account: Up to INR 1,00,000 per day (ATM withdrawals).
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.
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.
Canara Bank Cash Withdrawal Limits via Debit Cards
Canara Bank offers a range of debit cards, each with specific daily cash withdrawal and transaction limits. Whether you’re using a Classic, Platinum, or Select debit card, the Canara Bank cash withdrawal limits via debit cards cater to diverse financial needs.
Below is a table summarising the daily limits for ATM withdrawals and POS/E-commerce transactions across Canara Bank debit card types:
| 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: Contactless transactions are limited to 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.
Canara Bank Monthly ATM Cash Withdrawal Limits
Managing your daily expenses becomes easier when you’re aware of the Canara Bank cash withdrawal limits for atm. Canara Bank offers flexible ATM services with withdrawal limits that suit a wide range of financial needs. Whether you’re using your debit card for ATM cash withdrawals, in-store purchases, or online transactions, the bank ensures smooth and secure access to your funds.
Knowing your card’s withdrawal limits can help you avoid declined transactions and plan your spending more effectively.
ATM Cash Withdrawal Limit
- Withdraw up to INR 75,000 per day from Canara Bank ATMs and other network ATMs.
- Access additional non-financial services such as balance inquiries, mini statements, and PIN changes.
Point of Sale (PoS) Transactions
- Make secure payments at merchant outlets with a daily transaction limit of INR 2,00,000.
- Enjoy seamless shopping experiences without the need for cash.
Online Shopping Limit
- Shop online conveniently with a maximum spending limit of INR 2,00,000 per day.
- Enjoy secure transactions while availing discounts and cashback offers.
Canara Bank’s debit cards provide flexibility and ease for both offline and online transactions, ensuring smooth financial management.
Also Read: Discover all the necessary Canara Bank education loan documents required for a smooth loan application process!
Canara Bank Cash Withdrawal Limit by Cheque & Self-Cheque
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 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 the 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
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
For NRE Premium Savings Account holders, the Canara Bank Cash Withdrawal Limits are designed to provide convenient access to funds. The daily ATM cash withdrawal limit is set at INR 1,00,000, allowing customers to handle high-value transactions with ease.
Whether you’re using a Canara Bank ATM or an ATM from another bank within India, this generous limit ensures you can manage your financial needs efficiently without frequent withdrawals. 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 factors influence how much cash you can withdraw daily from Canara Bank accounts. Understanding these can help you optimise your banking strategy. Check out the factors affecting Canara Bank cash withdrawal limits below-
- Account Type: Savings accounts have lower limits than current or premium NRE/NRO accounts.
- Debit Card Type: Platinum/Select cards offer higher limits (INR 1,00,000) than Classic cards (INR 75,000).
- Withdrawal Method: Branch withdrawals via cheques allow higher limits than ATM transactions.
- Transaction Frequency: Exceeding free transaction quotas may incur fees.
- ATM Location: Urban ATMs may offer higher limits than rural or international ATMs.
- RBI Guidelines: Regulatory policies set by the Reserve Bank of India influence bank-wide limits.
By understanding these factors, you can plan withdrawals to avoid fees and maximise convenience.
How to Manage Canara Bank Cash Withdrawal Limits
To optimise your banking experience, consider these practical tips:
- Choose the Right Account: Select an account type (e.g., Canara SB Select or Current Account Elite) based on your withdrawal needs.
- Use Canara Bank ATMs: Avoid fees by withdrawing from Canara Bank ATMs, which offer unlimited free transactions.
- Set Custom Limits: Adjust transaction limits via mobile banking, internet banking, or IVRS for better control.
- Monitor Free Transactions: Stay within free withdrawal quotas to avoid additional charges.
- Contact Customer Support: Reach out to Canara Bank for limit increases or clarifications.
This was all about the Canara Bank cash withdrawal limits. By being aware of your account type, card type, and transaction methods, you can optimise 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.
For cash withdrawals from the home branch in Canara Bank, customers can typically withdraw up to INR 50,000 using a self-cheque from a Savings or Current Account. However, for larger amounts, a Withdrawal Order Form is required, and the limit can vary based on the account type and branch policies.
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.
Need to withdraw more cash? Visit your nearest Canara Bank branch or check out ways to increase your withdrawal limit. Have more questions? Drop them in the comments!
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