Federal Bank Visa Gold Debit Card - Benefits, Charges and Eligibility
Federal Bank Visa Gold Debit Card Overview
Federal Bank offers you internationally accepted Federal Bank VISA Gold Debit Card in association with VISA. Federal Bank VISA Gold debit card is specially designed for privileged account holders offering superior features and services. You can use this card in millions of POS terminals all over the world for shopping and withdrawal of cash from your account through any ATM in any country, accepting VISA cards.
Federal Bank Visa Gold Debit Card Features
- Daily Shopping Limit of Rs 1,00,000/-
- Daily Cash Withdrawal Limit of Rs 1,00,000/-
- Total Limit of Rs 2,00,000/-
- PIN based authentication at PoS outlets
- 24 x 7 Global Customer Assistance Service
Federal Bank Visa Gold Debit Card Eligibility
It is issued to privileged account holder except No-frill a/c holder. Existing eligible customers can also upgrade the accounts to apply for this card.Federal Bank Visa Gold Debit Card Fees & Charges
- Charges for issuance of Card : Nil
- Second Year Onwards Annual Fee: Rs 200 plus GST, Annual Fee is exempted if the annual spend is above Rs.50,000 through ECOM/POS
- Add-on card Issuance Charges: Rs 200 plus GST
- PoS/Ecom Transactions: Nil
- Card replacement charges (at customer request): Rs 200 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 Visa Gold Debit Card Benefits
- Insurance Protection against fire & burglary
- 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.