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Canara Bank Platinum Debit Card Hidden Charge

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guest_999

I was just looking for various rupay platinum card charges from various banks when I found this which is quite surprising especially coming from a public sector bank.
https://www.canarabank.com/media/2586/faq-canar...

In the case of Canara Bank Debit Card – Platinum & Business debit card, in addition to annual fee, there is Card Inactivity Fee. Where the Card is not used for a minimum of Rs. 50,000 for purchase in a period of 12 months, the Card Inactivity Fee is Rs. 300 + service tax. Card inactivity fee is waived for Business Debit card til 31.03.2018.

@abhishek012

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Deal Cadet Deal Cadet
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I have Canara Bank Rupay Platinum Debit Card and had checked this with customer care, they informed me that this fee wont be charged.

Critic Critic
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Never trust what customer care tells you over phone, get it in writing in an email from their official email address & only then trust it. Try it yourself & see whether they will give this statement to you in writing.
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Benevolent Benevolent
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mindless people’s self goal smile

Deal Subedar Deal Subedar
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When annual fee is charged, what is the logic of inactivity fee? This is pathetic.
Helpful Helpful
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After reading this instantly went to check and found mine is canara rupay card…

Critic Critic
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There is also a Rupay Platinum card so make sure it is not that.

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Deal Cadet Deal Cadet
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I have Canara Bank Rupay Platinum Debit Card and had checked this with customer care, they informed me that this fee wont be charged.

Critic Critic
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Never trust what customer care tells you over phone, get it in writing in an email from their official email address & only then trust it. Try it yourself & see whether they will give this statement to you in writing.
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Blaze Blaze
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Very bad policy. Thanks for sharing. minimum spend policy for debit cards is very bad.

Deal Cadet Deal Cadet
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The annual charges for this card are 100+ tax (Around 118 RS).

Critic Critic
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Really? I went to canara bank branch & the officer there told me it is 200+gst.
@chai_lover

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Critic Critic
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https://www.canarabank.com/User_page.aspx?othli...

8. Inactivity fee :
The Bank levies a service charge of Rs.300 where the annual turnover on Platinum debit Cards for purchases does not reach the minimum turnover of Rs.50,000. However, 20% variation may be considered for giving relaxation for levying service
charges. The service charge will be assessed on the last day of the calendar year.

Deal Lieutenant Deal Lieutenant
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thanks for pointing it. But someone in this thread said that it’s not being charged.

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Savings Mentor Savings Mentor
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According to this PDF however: https://canarabank.com/media/10056/Annexure%20I...  which mentions 2020 in the URL and 2022 in the actual page, the debit card inactivity fee is only on Business debit card from Canara bank.

Critic Critic
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Yeah the info was not updated at the time I posted this thread but later canara bank site updated the info.

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