Federal Bank Ruby Emv International Debit Card - Benefits, Charges and Eligibility
Federal Bank Ruby Emv International Debit Card Overview
In order to present its customers with the most advanced and secured banking experience, Federal Bank has launched exclusive range of NR branded EMV Chip protected debit cards. The cards are coming with unique designs and a bunch of power packed features. The added safety features that significantly improve security of consumer card payments require PIN based authentication while using at Point of Sale terminals.
Federal Bank Ruby Emv International Debit Card Features
- Daily Shopping Limit of Rs 1,50,000/-
- Daily Cash Withdrawal Limit of Rs 1,50,000/-
- Total Limit of Rs 3,00,000/-
- Eligible with schemes like Fed NRE Privilege or NRE EVE
- PIN based authentication at PoS outlets
- 24 x 7 Global Customer Assistance Service
Federal Bank Ruby Emv International Debit Card Eligibility
It is eligible with schemes like Fed NRE Privilege or NRE EVE. Existing eligible customers can also upgrade the accounts to apply for this card.Federal Bank Ruby Emv International Debit Card Fees & Charges
- Charges for issuance of Card : Nil
- Second Year Onwards Annual Fee: Rs 200 plus GST
- Add-on card Issuance Charges: Rs 200 plus GST
- PoS/Ecom Transactions: Nil
- Card replacement charges (at customer request): Rs 500 plus GST
- Renewal (on expiry of card) Free ATM/Debit Cards - Nil
- Duplicate PIN: Rs 50 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
Federal Bank Ruby Emv International Debit Card Benefits
- International validity
- Safe ATM usage (both Federal bank's and other banks)
- Enjoy all offers & discounts offered by Visa
- 24x7 customer support is always available
- Convenient payment for shopping, bill payments, dining, etc (both offline and online)
- Free SMS alerts for all transactions on your card
- Experience the convenience of Visa ATMs, cashless shopping and exciting benefits
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.