Cub Rupay Platinum Debit Card - Benefits, Charges and Eligibility
Cub Rupay Platinum Debit Card Overview
City Union Bank is pleased to introduce another customer centric initiative by launching RuPay Platinum Debit Card. The card has been aimed to provide attractive offers and scheme in coordination with NPCI.
Cub Rupay Platinum Debit Card Features
- Higher limits of Cash withdrawal up to Rs 1,00,000/- per day at ATM
- Purchases up to Rs 2,00,000/- per day at POS
- Purchases up to Rs 1,00,000/- per day at e-commerce
- Acceptable at all NFS ATMs and RuPay POS across India.
- Secured with PIN, CVD2 and OTP for online transactions.
- Attractive offers on activation and usage.
- e-Commerce transactions wherever RuPay Cards are accepted
Cub Rupay Platinum Debit Card Eligibility
All Savings/Current account holders with the bank are eligible to apply for this card. Existing eligible customers can also upgrade the accounts to apply for this card.Cub Rupay Platinum Debit Card Fees & Charges
- Charges for issuance of Card : Nil
- Second Year Onwards Annual Fee: Please contact your bank branch
- PoS/Ecom Transactions: Nil
- Card replacement charges (at customer request): Rs 250 plus GST
- Mark Up Charges for each POSP transaction at Petrol Pumps: 2.5% + GST
- Mark Up Charges for each POSP transaction at Railway Bookings: 2.5% + GST
Cub Rupay Platinum Debit Card Benefits
- Widely accepted debit card
- No issuance charges
- Round the clock cash withdrawal facility
- 24/7 customer care facility
- Highly safe and secure transactions
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.