Idbi Bank Gold Debit Card - Benefits, Charges and Eligibility

Idbi Bank Gold Debit Card Overview

IDBI Bank Gold Debit Card gives you a golden opportunity to feel special by complementing your lifestyle. It enable you to withdraw upto Rs. 75,000 worth from ATM and for transactions also it allows upto Rs. 75000/- at shopping establishments both online and offline.

Idbi Bank Gold Debit Card Features

  • Customers can withdraw cash upto Rs. 75,000/- and make purchases worth Rs. 75,000/- in a day
  • Gold Debit Card is issued in both Visa as well as MasterCard platforms
  • Gold Debit Card can be used both in India and abroad to make purchases at Merchant locations and withdraw local currency at ATMs
  • Gold Debit Card can be used online, for shopping, booking air/rail/movie tickets & utility bill payments

Idbi Bank Gold Debit Card Eligibility

All premium Current and Savings account holders are eligible. Existing eligible customers can also upgrade the accounts to apply for this card.

Idbi Bank Gold Debit Card Fees & Charges

  • The Card will be issued free of cost to primary and joint holders free of cost for the first year
  • Second Year Onwards Annual Fee: Chip Debit Card - Rs. 300/- plus applicable taxes per year & for Magstripe Debit Card - Rs. 220/- plus applicable taxes per year
  • Add on Card Annual Fee: Chip Debit Card - Rs. 300/- plus applicable taxes per year & for Magstripe Debit Card - Rs. 220/- plus applicable taxes per year
  • Card Replacement charges for damaged/ captured card: NIL
  • Card Replacement charges for lost/ stolen card: Rs. 300/- plus applicable taxes
  • ATM Cash withdrawal Charges while using Debit Cards internationally: NIL
  • International Transactions: Mark-up of 3.5 % over and above the cross-currency conversion rate
  • Decline due to insufficient funds Internationally: Rs. 20 per instance
  • Surcharges on Railway Transactions: Rs.2.5% + applicable taxes, on transaction amount or Rs.10/- + applicable taxes, whichever is higher
  • Surcharges on Fuel Transactions: Waived on fuel purchase value of Rs. 400 to Rs. 2000 per month subject to a maximum waiver of Rs. 300/-, otherwise Rs.2.5% + applicable taxes or Rs.10/- + applicable taxes, whichever is higher

Idbi Bank Gold Debit Card Benefits

  • Loyalty points: Customers will gain 1 loyalty point for every Rs. 100 spent on the IDBI Bank Gold Debit Card
  • Petrol Surcharge Waiver: Petrol surcharge will be waived off for transactions with a value between Rs. 400 and Rs. 2,000 carried out on the Gold Card
  • Insurance cover foe lost/ stolen/ Counterfeit cards: Rs. 2 Lakhs
  • Personal Accident cover: Rs. 5 Lakh
  • Loss of checked baggage: Rs. 50,000/-
  • Purchase protection: Rs. 20,000/- for 90 days.
  • Fire and burglary for household contents: Rs. 50,000/-
  • Enjoy exclusive offers and discounts over a range of categories like: Dining, Travel, Lifestyle, Shopping and Health & Fitness and Online Concierge Service
  • Better tracking: Receive instant SMS alerts on transaction made on your Gold Debit Card

Idbi Bank Gold Debit Card How to Apply

  1. Contact your Branch.
  2. If you don't have saving or Current Account, first open your account.
  3. Get the Debit Card Application form from the Branch, fill it up and submit it to your Branch.
  4. You will receive your Insta Debit Card & PIN (Personal Identification Number) at the time of submission of the application form.
  5. In case of named Debit Card, the card will be delivered to the customer's residential address. The PIN will have to be collected from the respective Branch.
  6. The customer has to activate the Insta Debit card after 24 hours from the receipt of the card by withdrawing cash from Dena Bank ATM.

Idbi Bank Gold 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.