Axis Bank Youth Debit Card - Benefits, Charges and Eligibility
Axis Bank Youth Debit Card Overview
Axis Bank Youth Debit Card is an exclusive debit card designed especially for youngsters between the ages of 18 to 25 years.
Axis Bank Youth Debit Card Features
- Tailored exclusively for youth between the ages of 18 to 25 years
- High Transaction Limits: Rs. 40,000 - daily withdrawal limit & Rs. 1 lakh - daily purchase limit
- Unlimited free transactions on international ATMs
- Single call card loss reporting service
- Easily generate your Debit Card PIN
- Enjoy the convenience of Contactless Payments with Power Packed Benefits
- In case of an emergency, block your Debit Card instantly
- Be assured of emergency assistance round the clock
Axis Bank Youth Debit Card Eligibility
Youth Debit Card is meant exclusively for young customers between the ages of 18 years and 25 years.Axis Bank Youth Debit Card Fees & Charges
- Issuance Fees - Primary/Joint: Rs. 400 + Taxes
- Annual Fees: Rs. 400 + Taxes
- Replacement/Re-Issuance Fees: Rs 400 + 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 Youth Debit Card Benefits
- You will be insured against loss due to fraudulent use of a lost, stolen or missing card
- Combined lost card liability and purchase protection - upto Rs.50,000
- Get exclusive discounts from leading restaurants, shopping establishments, hotels, resorts when you use your Youth Debit Card to make payments
- Access banking services from anywhere in India
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.