Axis Bank Display Debit Card - Benefits, Charges and Eligibility
Axis Bank Display Debit Card Overview
Axis Bank Display Debit Card offers the card holders higher coverage, added benefits and transactions secured by NetSecure.
Axis Bank Display Debit Card Features
- Issued on Visa - Secure+ platform
- High Transaction Limits: Rs. 1 lakh - daily withdrawal limit & Rs.4 lakhs - daily purchase limit
- Unlimited free transactions on international ATMs
- Single call card loss reporting service
- Easily generate your Debit Card PIN
- In case of an emergency, block your Debit Card instantly
Axis Bank Display Debit Card Eligibility
Issued to all NRE saving account customer (below Burgundy).Axis Bank Display Debit Card Fees & Charges
- Issuance Fees - Primary/Joint: Rs. 999 + Taxes
- Annual Fees: Rs. 500 + Taxes
- Replacement/Re-Issuance Fees: Rs 999 + applicable Goods and Services Tax
- A cross-currency mark-up of 3.5% will be levied in case of all international cash withdrawal and purchase transactions
Axis Bank Display Debit Card Benefits
- Generate NetSecure Code: On the Debit Card itself - secure and convenient
- Complimentary access to select airport lounges in India
- Earn Axis eDGE Rewards
- Personal Accident Insurance Cover of Rs. 10 lakhs
- Air Accident Insurance Cover of Rs. 1 Crore
- Access to 24-hour customer service number to report a missing card
- Zero lost card liability as insurance against risk of loss due to fraudulent use of a lost/stolen/missing debit card
- All consumer durable goods purchased using debit cards insured against fires, natural calamities, burglary and housebreaking upto 90 days from the date of purchase, making you eligible for a combined lost card liability and purchase protection of upto Rs. 5 lakhs
- To avail the insurance covers, your debit card needs to be used for purchases 180 days prior to the date of the mishap
What is EMV-Chip Based Debit Card?
EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.
EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.
The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.