Relief measures for customers announced by the Canara Bank

The Bank expects these measures will help in improving some respite to customers in the current scenario.

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Canara bank updates on coronavirus
Image: Canara Bank

25th March 2020: As part of the relief measure amid Coronavirus (COVID 19) situation, Canara Bank has decided to implement the following with immediate effect till 30.06.2020:

  • Full waiver of the Service Charges for Non-Maintenance of Minimum Balance in Saving Bank Accounts
  • Full waiver of Service Charges for any number of withdrawal from other Bank’s ATMs.
  • Waiver of Service Charges in respect of Digital Transactions under TReDS.

The Bank expects these measures will help in improving some respite to customers in the current scenario.

About Canara Bank:

Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over a hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. The Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. Canara Bank has several firsts to its credit.

Related: 

  1. Coronavirus Live Updates: Confirmed Cases, Death, Prevention, Q&A
  2. Effects of coronavirus on global markets

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