Cash withdrawal limit of Rupay Mudra Cards is revised from Rs. 40000/- to Rs. 25,000/- w.e.f. 08 January, 2019.
As per the guidelines of Micro Units Development and Refinance Agency Ltd (MUDRA) MUDRA Card is formulated to meet the working capital needs of the micro enterprises. MUDRA loans are extended to Micro enterprises engaged in trading, service and manufacturing activities and the maximum eligible loan amount under the scheme is ₹10 lakhs. The MUDRA card is a debit card on a Rupay payment platform issued to the Micro entrepreneurs who have availed the working capital loan from the Bank under Prdhan Mantri Mudra Yojana (PMMY). Bank has launched the MUDRA card on 29-08-2015. The card can be used for cash withdrawal at ATMs and also for merchant banking. The limit fixed to the card is valid up to due date of the OD limit and validity of Card is 5 years.
IMPORTANT: Karnataka Bank does not ask for personal security details like your Internet banking passwords, Debit Card PIN on email, phone or otherwise. Never disclose your passwords to anyone, even to the bank's staff. In case you get an email or a phone call asking your personal security details or a Bank staff approaches you to disclose your password, please report to us. You can send an email to firstname.lastname@example.org
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