Canara Bank updates rules for cash deposits of up to Rs 50,000

From July 1, Canara Bank customers can deposit cash of up to Rs 50,000 for free only thrice a month.

From the fourth transaction or for cash deposits of over Rs 50,000, there will be a service charge of Rs 1 per thousand, with a minimum of Rs 50 and a maximum of Rs 5,000 plus GST.

Source: The Hindu

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:

  • Canara Bank Chairman: T.N. Manoharan; Headquarters: Bengaluru
  • MD & CEO of Canara Bank: R.A. Sankara Narayanan

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