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

Icici Bank Visa Signature Debit Card Overview

ICICI Bank Visa Signature Debit Card comes with Signature privileges, conveniences and benefits that invite you into the Signature life. For the first time in India, you as a Global Private Client can look forward to a premium card that brings you a host of distinctive experiential offerings in sync with your evolving lifestyle needs.

Icici Bank Visa Signature Debit Card Features

  • Domestic daily purchase limit of Rs. 2,50,000 and international transaction limit of Rs. 2,00,000
  • Daily cash withdrawal limit of Rs. 1,50,000 whether you withdraw locally or internationally
  • Use your ICICI Bank Visa Signature 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 ICICI Bank Visa Signature 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 Visa Signature Debit Card Eligibility

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 Visa Signature Debit Card Fees & Charges

  • Enrolment Fee: Nil
  • Annual Fee: Rs. 150 + GST
  • PoS/Ecom Transactions: Nil
  • Replacement/Reissuance Charges for Debit Cards: Rs. 200 + GST
  • Cancellation Fee: Nil
  • Mark Up Charges for each POSP transaction at Railway Bookings: Transaction charge of 1.8% of the transaction amount

Icici Bank Visa Signature Debit Card Benefits

  • Zero Surcharge on Fuel Purchases: Fuel surcharge would not be applicable for the transactions done on ICICI Bank swipe machines at selected government fuel petrol outlets (HPCL/ IOCL/ BPCL)
  • Earn 10 Points on every Rs. 200 spent at merchant establishment in India
  • Free Air Accident Insurance: Rs. 3 Crores
  • Free Personal Accident Insurance: Rs. 15 lakhs
  • Free Purchase Protection: Rs. 5 lakhs
  • It comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement

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.