Axis Bank Rupay Platinum Debit Card - Benefits, Charges and Eligibility
Axis Bank Rupay Platinum Debit Card Overview
Axis Bank RuPay Platinum Debit Card is a debit card designed to benefit you on every purchase transaction.
Axis Bank Rupay Platinum Debit Card Features
- Issued on RuPay Platinum platform
- High Transaction Limits: Rs. 40,000 - daily withdrawal limit & Rs. 1 lakh - daily purchase limit
- Easily generate your Debit Card PIN
- In case of an emergency, block your Debit Card instantly
- Be assured of emergency assistance
- Access banking services from anywhere in India
Axis Bank Rupay Platinum Debit Card Eligibility
Axis Bank Rupay Platinum Debit Card is being issued with new accounts opened through instant kits to select Easy Access Savings Banking Accounts (Applicable only for Semi Urban and Rural/Unbanked branch category).Axis Bank Rupay Platinum Debit Card Fees & Charges
- Issuance Fees - Primary/Joint: Rs 200 + applicable Goods and Services Tax
- Additional Card Fees: Rs 200 + applicable Goods and Services Tax
- Annual Fees: Rs 150 + applicable Goods and Services Tax
- Replacement/Re-Issuance Fees: Rs 200 + 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 Rupay Platinum Debit Card Benefits
- 5% cashback on Utility bill payments
- Airport Lounge Access: Access to various Airport Lounges in India
- Apply for Chip and PIN enabled Rupay debit card for enhanced security of transactions
- Personal Accident Insurance Cover of Rs. 2 lakhs
- For Personal Accident Insurance Cover, to remain active, there should be atleast one financial or non-financial transaction at any channel either on-us or off-us (ATM/ Micro ATM/POS/E-com/Business Correspondent by any payment instrument) within 45 days prior to the date of incident
- 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
- For Combined lost card liability and purchase protection cover, to remain active, there should be atleast one purchase transaction within 180 prior to the date of 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.