Idfc Bank Visa Signature Debit Card - Benefits, Charges and Eligibility
Idfc Bank Visa Signature Debit Card Overview
IDFC Bank Visa Signature Debit card lets you Shopping at retail and e-commerce, and all ATMs worldwide. It provides you Convenience when you shop, dine, pay your bills whether offline, online or abroad!
Idfc Bank Visa Signature Debit Card Features
- Domestic daily purchase limit of Rs. 3,50,000 and international transaction limit of Rs. 50,000
- Domestic daily withdrawal limit of Rs. 1,50,000 and international transaction limit of Rs. 50,000
- Use your 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 Debit Card
- Enhanced Security inbuilt in Debit card with EMV chip where you can set your own limits
- 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
Idfc Bank Visa Signature Debit Card Eligibility
All customers holding an account (of Average Monthly Balance Requirement of Rs 25,000) with IDFC bank are eligible for this card. Existing eligible customers can also upgrade the accounts to apply for this card.Idfc Bank Visa Signature Debit Card Fees & Charges
- Joining fee: Nil
- Annual fee:Rs.100 plus service tax, free of charge if the account holder maintains a monthly balance of Rs. 25,000
- PoS/Ecom Transactions: Nil
- Replacement of Debit Card: Rs. 100 plus service taxes
Idfc Bank Visa Signature Debit Card Benefits
Idfc Bank Visa 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.