Canara Bank · statement narration
NOMINATION CHG
A charge for changing the nominee on your account. First-time nomination is free.
In plain English
A charge for changing the nominee on your account. First-time nomination is free.
Also printed as NOMINATION CHARGES, NOM MODIFY CHG.
Hinglish mein
Account mein nominee badalne par lagne wala charge. Pehli baar nominee darj karna free hai.
What it costs, including GST
Retail Banking Service Charges · Branch
₹118
₹100.00 before tax
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Canara Bank accounts; subsequent modification, cancellation or variation of a nomination. Registration itself is free and is stored as its own rule. GST is additional.
Retail Banking Service Charges · Branch
₹0
There is nothing to tax — this rule publishes no charge.
Applies when: Canara Bank accounts; registering nominations in a new or an existing account, for up to four nominees. The page states this is free.
Why it happened
You modified an existing nomination.
How to avoid it
Get the nomination right the first time, as the initial registration carries no charge.