CANARA CORPORATE CARD
CANARA CORPORATE CARD - VISA
These cards are issued to cater to the needs of corporate clientele. These cards are meant for non-individuals such as – partnership firms, firms of chartered accountants, solicitors, tax consultants, public sector undertakings, public and private companies of good standing. Add on cards are issued to persons authorized by company/firm. At present we issue separate cards to corporate clients for domestic and international use.
Companies/Firms who are enjoying credit limits with Canara Bank with S1 and S2 status.
Companies without credit limits –12 months satisfactory dealings.
Member affiliate banks can also be issued with Corporate Cards.
Documents to be obtained along with application:
1. Board Resolution as per the Performa furnished by the Bank/Card Division.
2. Constitution papers like Partnership deed in case of firms and; Memorandum of Association and Articles of Association in case of companies.
3. Financial statements of the company/firm for the last three years.
4. Any other relevant constitution papers / financial papers
Card limit and Sub limit for Cash withdrawal
The Company will be given a total/ overall Card limit. The limit can be shared among the Add-on Cardholders at the discretion of the Company. Card limit is need based in multiples of Rs.5,000 subject to minimum of Rs.50,000 and Maximum of Rs.100.00 lakhs.
Overall Cash withdrawal limit for the Main Card is up to 50% of the card limit, subject to a maximum of Rs.5.00 lakhs. Max. Card withdrawal limit per Add On card is Rs. 25000 per calendar month.
Date of billing: 20th of every calendar month.
Payment due date: 10th of every calendar month.
Bill will be raised on the Company, which in turn shall settle the bill on or before the payment due date.