Eligibility : For companies that have credit limits with Canara Bank, the asset classification should be S1 and S2 | Companies that do not have credit limit with Canara Bank should have minimum 12 months of satisfactory dealings and good credit worthiness
For companies that have credit limits with Canara Bank, the asset classification should be S1 and S2 | Companies that do not have credit limit with Canara Bank should have minimum 12 months of satisfactory dealings and good credit worthiness
Rewards Program :
No
Grace Period :
Upto 50 days
Min.Monthly Payment :
N/A
Credit Limit :
Variable between Rs 50,000 and Rs 25,00,000 (Total limit will be assigned to the company)
Lost Card Liability :
Max Rs 1000
Cash Limit :
Upto 50% of the card limit (Max Rs 5 Lac)
Fees
Annual Fee :
No
Cash Advance Fee :
3% of cash advance (Min Rs 30)
Cash Withdrawal Notes :
Cash withdrawal at Canara Bank ATMs | No Interest on cash withdrawal if paid by the due date. If not paid by the DUE DATE, interest is charged from DUE DATE only and not from the DATE OF CASH WITHDRAWAL
