Bank Of Maharashtra Mahabank Visa Debit Card - Benefits, Charges and Eligibility
Bank Of Maharashtra Mahabank Visa Debit Card Overview
In the year 2016, it crossed milestone figure of Rs 2.50 Lakh Crore with a vision of being a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders' and employees' value while moving towards global presence.
Bank Of Maharashtra Mahabank Visa Debit Card Features
- Mahabank Visa Debit card gives you the freedom to access your savings at any Visa accredited Merchant Establishment or ATM
- This card allows you to purchase goods at retail outlets and withdraw cash from ATMs in India and abroad
- Direct on line debit to your savings account
- Round the clock cash withdrawal facility up to Rs 20000/-
- Completely safe and secure card
Bank Of Maharashtra Mahabank Visa Debit Card Eligibility
- Applicant's age should be at least 18 years
- Applicant needs to have a Current or Savings Account with the Bank
Bank Of Maharashtra Mahabank Visa Debit Card Fees & Charges
- No joining fees
- Annual Maintenance Fee for ATM cum Debit Card will be charged Rs. 100 plus Service Tax from second year onwards
Bank Of Maharashtra Mahabank Visa Debit Card Benefits
- Widely accepted international debit card
- Round the clock cash withdrawal facility up to Rs 20000/-
- No joining fees
- 24/7 customer care facility
- Add-on card benefits available
- Highly safe and secure transactions
- No service charges on any transactions at any POS terminals
- It is issued for a period of 10 years
Bank Of Maharashtra Mahabank Visa Debit Card How to Apply
- Contact your Branch.
- If you don't have saving or Current Account, first open your account.
- Get the Debit Card Application form from the Branch, fill it up and submit it to your Branch.
- You will receive your Insta Debit Card & PIN (Personal Identification Number) at the time of submission of the application form.
- 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.
- 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 Maharashtra Mahabank Visa Debit 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.
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.