Bank Of India Bingo Card - Benefits, Charges and Eligibility

Bank Of India Bingo Card Overview

It had begun its operations in Mumbai with a paid-up capital of Rs.50 lakh and 50 employees. Now it has a strong national presence with over 5000 branches and also has sizable international operations with 60 branches/ offices and 5 Subsidiaries and 1 joint venture abroad. Presently Bank has overseas presence in 22 foreign countries spread over 5 continents.

Bank Of India Bingo Card Features

  • Age limit 15-25 years
  • Exclusively for students
  • Domestic validity
  • Can be used in any of the ATM and POS
  • Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS/Ecom
  • Option of TOD facility upto Rs.2,500

Bank Of India Bingo Card Eligibility

  • Applicant's age should be between 15 to 25 years
  • Applicant needs to have a Current or Savings Account with the Bank

Bank Of India Bingo Card Fees & Charges

Please contact your branch

Bank Of India Bingo Card Benefits

  • It has Domestic Validity
  • Useful for Students
  • Even minors of at least 15 years old can apply for this card
  • Can be used in any of the ATM and POS
  • Inbuilt enhanced security feature because of an embedded EMV chip and PIN number
  • Offers a daily withdrawal limit up to Rs 25000 from ATMs

Bank Of India Bingo Card How to Apply

  1. Contact your Branch.
  2. If you don't have saving or Current Account, first open your account.
  3. Get the Debit Card Application form from the Branch, fill it up and submit it to your Branch.
  4. You will receive your Insta Debit Card & PIN (Personal Identification Number) at the time of submission of the application form.
  5. In case of named Debit Card, the card will be delivered to the customer's residential address. The PIN will have to be collected from the respective Branch.
  6. The customer has to activate the Insta Debit card after 24 hours from the receipt of the card by withdrawing cash from Dena Bank ATM.

Bank Of India Bingo Card Documents Required

  • Proof of Identity : Aadhaar Card/ PAN Card/ Passport Driving License/ Voter ID Card
  • Proof of Address : Aadhaar Card/ Driving License/ Ration Card/ Voter ID Card/ Passport
  • Passport sized photographs

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.