Axis Bank Power Salute Debit Card - Benefits, Charges and Eligibility
Axis Bank Power Salute Debit Card Overview
Axis Bank Power Salute Debit Card is a debit card that suits the requirements of the brave defence personnel who serve the nation.
Axis Bank Power Salute Debit Card Features
- Exclusively designed for defence segments
- Issued on Visa- Power Salute platform
- Free withdrawals anywhere in India
- High Transaction Limits: Rs. 40,000 - daily withdrawal limit & Rs. 1 lakh - daily purchase limit
- Design your card with an image of your choice or choose from a wide array of gallery images
- Easily generate your Debit Card PIN
- In case of an emergency, block your Debit Card instantly
- Be assured of emergency assistance
Axis Bank Power Salute Debit Card Eligibility
Power Salute Debit Card is issued to defence segments only.Axis Bank Power Salute Debit Card Fees & Charges
- Issuance Fees - Primary/Joint: Nil
- Annual Fees: Nil
- Replacement/Re-Issuance Fees: Rs 200 + applicable Goods and Services Tax
- My designe charges: Rs. 150
- A cross-currency mark-up of 3.5% will be levied in case of all international cash withdrawal and purchase transactions
Axis Bank Power Salute Debit Card Benefits
- Issuance and annual charges waiver
- Receive instant alerts on your mobile
- Personal Accident Insurance Cover (Including Permanent Total Disability) of Rs. 10 lakhs
- Air Accident 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. 50,000
- 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.
What is a Contactless Debit Card?
Contactless debit card is a sensor embedded new age debit card that works on Near Field Communication (NFC) Technology using Radio Transmission to ascertain contact when the card is brought near a terminal. This enables the customers to make payments up to Rs.5,000 without swiping their cards & entering a PIN.
Benefits of a Contactless Card
- Fast & Convenient
- Safe & Secure
- No chance of losing or misplacing it
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.