Published On: Wed, Mar 25th, 2020

WAIVER OF SERVICE CHARGES AND NEW CREDIT SCHEME IN VIEW OF COVID 19

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Canara Bank is as always in the forefront to extend its support to its customers. In the wake of Covid 19,Customers are advised to stay safe and connect to Bank through various digital modes. Canara Bank has already announced waiver of charges for non -maintenance of minimum balance in SB accounts and waiver of ATM  charges for using other Bank ATMs for cash withdrawals, etc up to 30.06.2020.

Further, Canara Bank has introduced a new loan scheme (Canara Credit Support) with immediate effect to support its customers to tide over the liquidity/ cash flow mismatches in the wake of disruption in business operations due to recent outbreak of Covid 19.Under this new scheme(Canara Credit Support – Covid 19)MSME/ Corporates/Agri/ Business Entities/ Retail Borrowers are eligible to avail from 10% to 35% of their existing Working Capital or loan limit depending upon category of borrowers on softer terms up to 30.06.2020. No additional security is required for the said facility.

Canara Bank advises customers to follow the safety norms and stay healthy. Together we can overcome Covid 19 very soon.

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