Corporation Bank Visa Signature Debit Card - Benefits, Charges and Eligibility

Corporation Bank Visa Signature Debit Card Overview

Corporation Bank Visa Signature Debit Card is a debit card which is especially tailored to the needs of esteemed customers of Corporation Bank. It complements your lifestyle, by opening up whole new world of luxury and sophistication.

Corporation Bank Visa Signature Debit Card Features

  • Corporation Bank Visa Signature Debit Card contains your photograph and signature printed on its face
  • Offers card holders an easy and convenient access to all the services online
  • Corporation Bank Visa Signature International Debit Card comes with enhanced limits for shopping and ATM Cash withdrawals of Rs.5,00,000 and Rs.1,00,000 respectively
  • At CorpBank ATMs, you can withdraw a maximum of Rs.15,000 per transaction and at other Bank ATMs the per transaction limit is Rs.10,000

Corporation Bank Visa Signature Debit Card Eligibility

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

Corporation Bank Visa Signature Debit 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 Visa Signature Debit Card Benefits

  • Enhanced limits for shopping and ATM Cash withdrawals
  • Free Air Accident insurance of Rs.50,00,000/- (Conditions Apply like Flight Crew, Armed forces are not covered & other such conditions
  • Comes with enhanced security
  • In association with Visa, we have put together a host of offers on entertainment, fine dining, travel, lifestyle and retail
  • 24 X 7 Customer Care Service
  • Card Holders get complimentary access to airport lounges in India

Corporation Bank Visa Signature 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.

Corporation Bank Visa Signature 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.