Icici Bank Sapphiro Business Debit Card - Benefits, Charges and Eligibility

Icici Bank Sapphiro Business Debit Card Overview

"Presenting 'ICICI Bank Sapphiro Business Debit Card'

Icici Bank Sapphiro Business Debit Card Features

card protection plan and road-side assistance programme. This card comes with unparalleled features and privileges for our Current Account customers."

Icici Bank Sapphiro Business Debit Card Eligibility

designed to deliver superior value through its signature privileges like built in concierge service

Icici Bank Sapphiro Business Debit Card Fees & Charges

All customers holding an account with ICICI bank are eligible for this card. Existing eligible customers can also upgrade the accounts to apply for this card.

Icici Bank Sapphiro Business Debit Card Benefits

  • Joining fee: Rs.1999 plus service tax
  • Annual fee:Rs.1499 plus service tax
  • PoS/Ecom Transactions: Nil
  • Re-issuance charges: Rs. 200 plus service taxes

Icici Bank Sapphiro Business Debit Card How to Apply

  • Issued under MasterCard platform
  • Domestic daily purchase limit of Rs. 3,50,000 and international transaction limit of Rs. 2,00,000
  • Daily cash withdrawal limit of Rs. 2,50,000 if you withdraw locally and Rs. 2,50,000 if you withdraw internationally
  • Use your Debit Card on the internet for buying travel or movie tickets, paying your bills and much more
  • Receive instant SMS alerts on transaction made on your Debit Card
  • Allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement

Icici Bank Sapphiro Business 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.