Idbi Bank Platinum Debit Card - Benefits, Charges and Eligibility

Idbi Bank Platinum Debit Card Overview

IDBI Bank Platinum Debit Card has been specially designed for those who deserve better than the best with an enhanced limit on ATM withdrawals to upto Re. 1 lakh and shopping for upto Rs. 2 lakh a day.

Idbi Bank Platinum Debit Card Features

  • Platinum Debit Card comes with a validity of 5 years
  • IDBI Bank Platinum Debit Card can be used to withdraw cash from the large network of IDBI Bank ATMs and shared network ATMs in India
  • Enhanced Daily Limits: Card Holder can withdraw cash up to Rs.1,00,000/- and make purchases worth Rs. 2,00,000/- in a day
  • IDBI Bank Platinum Card is valid across worldwide

Idbi Bank Platinum 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 Platinum 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: Rs. 400/- plus applicable taxes per year
  • Add on Card Annual Fee: Rs. 400/- plus applicable taxes per year
  • Card Replacement charges for damaged/ captured card: NIL
  • Card Replacement charges for lost/ stolen card: Rs. 400/- 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. 4000 per month subject to a maximum waiver of Rs. 400/-, otherwise Rs.2.5% + applicable taxes or Rs.10/- + applicable taxes, whichever is higher

Idbi Bank Platinum Debit Card Benefits

  • Loyalty Redemptions: Card holder earns 2 loyalty points for every Rs. 100 spent using the Platinum Debit Card for purchases at merchant establishments
  • Zero Fuel Surcharge Waiver: Being a privileged Platinum Cardholder, you will be exempted from fuel surcharge @ 2.5% on fuel purchase value of Rs. 400 to Rs. 5,000 per month
  • Insurance cover foe lost/ stolen/ Counterfeit cards
  • 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, etc.
  • Discounts at Merchant Establishments: IDBI Bank regularly comes up with attractive offers and discounts at various merchant establishments through which Platinum Debit Card customers can avail fabulous offers on the Card usage

Idbi Bank Platinum 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 Platinum 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.