Idbi Bank Signature Debit Card - Benefits, Charges and Eligibility

Idbi Bank Signature Debit Card Overview

Signature Debit Card offers the card holders the access to a host of premium services. They can enjoy special deals and discounts at merchant outlets like Lifestyle, Fine Dining, Travel, Health & Fitness, etc.

Idbi Bank Signature Debit Card Features

  • High Withdrawal & transaction limit: Cash withdrawal limit of Rs.3 lakh and purchase limit at Point of Sale (POS) of Rs.5 lakh in a day
  • Online transactions: It can be used for buying travel or movie tickets, paying your bills and much more
  • Global Customer Assistance Service: The card holder can access the Global Customer assistance Service anytime from anywhere across the world. This service is offered by VISA which includes Lost/Stolen Card reporting, Emergency Card Replacement/ Cash disbursement, Emergency inquiries, Miscellaneous inquiries, etc.

Idbi Bank Signature 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 Signature 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. 799/- plus applicable taxes per year
  • Add on Card Annual Fee: Rs. 799/- plus applicable taxes per year
  • Card Replacement charges for damaged/ captured card: NIL
  • Card Replacement charges for lost/ stolen card: Rs. 799/- 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. 5000 per month subject to a maximum waiver of Rs. 500/-, otherwise Rs.2.5% + applicable taxes or Rs.10/- + applicable taxes, whichever is higher

Idbi Bank Signature Debit Card Benefits

  • Free Airport Lounges Access: It offers 2 free visits per calendar quarter at participating Airport Lounges in India.
  • Accelerated Loyalty Points on Usage at POS: Card holder gets 3 loyalty points for every Rs. 100 spent at Merchant locations
  • Zero Fuel Surcharge: Card holder is exempted from fuel surcharge @2.5 % of the transaction value + Service tax on fuel purchase value of Rs. 400 to Rs. 5000 per month subject to a maximum waiver of Rs. 500/-.
  • Insurance cover foe lost/ stolen/ Counterfeit cards: Rs. 5 Lakhs
  • Air Accident Insurance Cover: Rs. 25 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

Idbi Bank Signature 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 Signature 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.