Nature of Facility Canara MSME Credit Card shall be issued to FBWC (Cash Credit/Overdraft) facility for Business Purpose only and can be utilised within the assessed limit.
Purpose For Promoting, Digital Payments among GST (if applicable) and /or URC registered MSME Units.
Target Group Canara MSME Credit Card (CMCC)” shall be issued to Individuals /Proprietorship firm Units classified as MSME.
Quantum of loan CMCC limit may be utilized up to extent of available limit in Cash Credit/Overdraft Account. Transaction to be allowed within the Drawing Power available in the CC/OD limit.
Card Type Only Personalized Card shall be available under the scheme.
Card Fee Applicable as per the scheme guidelines.
Features of the Card
  • Linking Rupay Credit Card on UPI Platform for Merchant Payments.
  • Utility Bill Payment with Auto pay Service.
  • Accidental Insurance Coverage shall be provided by NPCI as case may be.
  • Lounge Access as per prevailing guidelines of Rupay Platinum/Select Variant Card.
  • Contactless Transactions.
  • Reward Points as applicable.
  • Validity of Card – 5 years.
Card Variant

Rupay Platinum & Select Card to be issued.

  • WC Limit(OCC/OD) up to Rs.10 Lakhs – Rupay Platinum Card Variant.
  • WC Limit (OCC/OD) above Rs.10 Lakhs – Rupay Select Card Variant.
Daily Transaction Limit

Daily card transaction limit for POS and E-Com transactions as applicable to Rupay Platinum/Select Card subject to changes from time to time:

Card Type Txn Type Existing Daily Limit
Platinum/Business/ Select Card POS/ E-Com Rs.5,00,000/-
NFC (contactless) Rs.25,000/-

Note: Contactless transaction allowed up to Rs. 5000/- per occasion and 5 transactions per day.

Restriction in Usage of Card
  • Usage of Credit Card shall be restricted by Bank on select MCC codes (Gambling, Jewellery etc.)
  • No cash withdrawal at ATM shall be allowed for the Canara MSME Credit Card as scheme essentially aims to promote digital payments.
  • No international transactions shall be allowed on the Canara MSME Credit Card.
  • Transaction to be allowed within the Drawing Power available in the CC/OD limit.
  • In case of enhancement of limit of WC Limit (CC/OD), the card will be valid upto its expiry date and transactions will be allowed within the Drawing Power of the Limit with the daily transaction restriction on e-com/POS usage.
  • Canara MSME Credit Card shall not be available for making any payment in case the WC Limit (OCC/OD) is expired/overdue/out of order status.
  • All other terms and conditions as per extant Credit Card Policy/Debit Card Policy/Loan Policy guidelines of the Bank to be complied with.