Central Bank Of India Nexgen Debit Card - Benefits, Charges and Eligibility

Central Bank Of India Nexgen Debit Card Overview

neXGen is a customised Debit Card for those customers who are minors. It is inbuilt with features which meet the requirement of "Generation Next" customers. Card holder can not only use this card as an ATM Card for withdrawing cash, but can also shop and make cashless purchases with attractive offers. One can use the card to make payments at shops, department stores, restaurants, petrol pumps and many more outlets.

Central Bank Of India Nexgen Debit Card Features

  • neXGen Debit Card is a customised Debit Card for minors customers
  • neXGen Debit Card is a host of benefits that will enhance lifestyle and provides convenience in banking transactions
  • neXGen Debit Card is accepted at ATMs and Merchant establishments in India / Abroad
  • Card holder enjoys ATM cash withdrawal limit & shopping limit (POS & e-com) of Rs. 5,000/- each per day
  • neXGen Debit Card can be used online for shopping, paying bills or enjoying movie with your family

Central Bank Of India Nexgen Debit Card Eligibility

All account holders in the age group of 10 to 18 years. This Debit Card can also be issued as "Add On" Card.

Central Bank Of India Nexgen Debit Card Fees & Charges

  • The Card will be issued free of cost to primary and joint holders free of cost for the first year.
  • No Annual Fee
  • Card Replacement charges (within India) : Rs. 50/-
  • Issuance of subsequent Additional Card/ add-on card : Rs. 100/-
  • Re-Generation of PINS : Rs. 50/-
  • Duplicate card on account of loss : Rs. 200/-
  • Surcharges at Railway and Petrol Pumps : Rs.2.5% + Service tax (if any), on transaction amount or Rs.10/- whichever is higher

Central Bank Of India Nexgen Debit Card Benefits

  • No Issuance & Annual Fee
  • Secured through 3D MasterCard SecureCode
  • Card holder earns & accumulates Anmol Rewardz Points for all shopping transaction at Point of Sale (POS), online & over the phone purchases using your Debit Card. For every Rs.100 spent, 1 Anmol Rewardz Point will accrue
  • Cardholder will receive SMS alert on mobile every time a transaction is made using the Debit Card

Central Bank Of India Nexgen Debit 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.

Central Bank Of India Nexgen 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.

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.