Idbi Bank Kids Debit Card - Benefits, Charges and Eligibility
Idbi Bank Kids Debit Card Overview
IDBI Bank Kids debit card is designed for the youngest segment of IDBI Bank's customers. The motive behind introducing this card is to instil some confidence in kids when it comes to handling money and savings.
Idbi Bank Kids Debit Card Features
- IDBI Bank KIDS Card is valid only on India
- It comes with a validity of 5 years
- Card holder can withdraw cash up to Rs. 2,000/- and make purchases worth Rs. 2,000/- in a day
- Online Shopping- IDBI Bank KIDS Debit Card can also be used for shopping, booking rail and air tickets, making utility bill payments ONLINE with additional authentication
- ATM and Usage at merchant outlets over 1 lakh Shared Network ATMs and over 5.50 lakh Merchant Locations
Idbi Bank Kids Debit Card Eligibility
All account holders who are young kids. Existing eligible customers can also upgrade the accounts to apply for this card.Idbi Bank Kids 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. 220/- plus applicable taxes per year & for Magstripe Debit Card - Rs. 110/- plus applicable taxes per year
- Add on Card Annual Fee: Chip Debit Card - Rs. 220/- plus applicable taxes per year & for Magstripe Debit Card - Rs. 110/- plus applicable taxes per year
- Card Replacement charges for damaged/ captured card: NIL
- Card Replacement charges for lost/ stolen card: Rs. 220/- 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: Rs.2.5% + applicable taxes, , on transaction amount or Rs.10/- + applicable taxes, whichever is higher
Idbi Bank Kids Debit Card Benefits
- IDBI Bank KIDS Card is packed with loads of benefits and attractive offers
- Zero Lost Card Liability Insurance Cover- Customers are covered with an insurance cover upto Rs. 8000 for lost and counterfeit cards
- Loyalty Program - Customers will gain 2 loyalty points for every Rs. 100 spent on the KIDS Debit Card
- Discounts at merchant establishments
Idbi Bank Kids Debit Card How to Apply
- Contact your Branch.
- If you don't have saving or Current Account, first open your account.
- Get the Debit Card Application form from the Branch, fill it up and submit it to your Branch.
- You will receive your Insta Debit Card & PIN (Personal Identification Number) at the time of submission of the application form.
- 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.
- 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 Kids 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.
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.