Corporation Bank Convenience Debit Card Classic Card - Benefits, Charges and Eligibility

Corporation Bank Convenience Debit Card Classic Card Overview

Corp Convenience Debit Card facilitates you to make cash withdrawal from any CorpBank/NPCI/VISA / MasterCard enabled ATMs or to make payment for purchases at any VISA/MasterCard Merchant establishments.

Corporation Bank Convenience Debit Card Classic Card Features

  • Card Holder can transact securely on the Internet from the comfort of your home/office or through the IVRS when on the move
  • Card spending can be tracked by updating the Passbook/ Statement of accounts
  • Card Holder can withdraw cash from ATMs up to Rs.25,000/-per day. The maximum withdrawal per transaction will be Rs.15,000/- at CorpBank ATM and Rs.10,000/- at other ATMs
  • Card Holder can make purchases from Merchant Establishments/ Internet/IVRS up to Rs 35,000/- per day
  • Abroad (International Cards only): Card Holder can withdraw cash from ATMs up to Rs 35,000/- per day and make purchases from Merchant Establishments/Internet websites/IVR up to Rs 50,000/- per day

Corporation Bank Convenience Debit Card Classic Card Eligibility

All Current and Savings account holders are eligible. Existing customers can also upgrade the accounts to apply for this card.

Corporation Bank Convenience Debit Card Classic Card Fees & Charges

  • The Card will be issued free of cost to primary and joint holders free of cost for the first year.
  • Second Year Onwards Annual Fee: 150/- per year
  • Card Replacement charges (within India) : Rs. 200/-
  • Currency Conversion Charges for transactions done abroad : 3.5% of transaction value plus service tax
  • Re-Generation of PINS : Rs. 50/-
  • Unblocking of PIN: Rs. 25/-
  • Surcharges on Railway Transactions: Rs.2.5% + Service tax (if any), on transaction amount or Rs.10/- whichever is higher

Corporation Bank Convenience Debit Card Classic Card Benefits

  • International or Domestic Debit Card Availability
  • Facility to access additional 4 secondary accounts
  • Receive SMS alerts for all ATM and shopping transactions
  • 24x7 Customer Service

Corporation Bank Convenience Debit Card Classic 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.

Corporation Bank Convenience Debit Card Classic 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.