Indusind Bank Signature Debit Card - Benefits, Charges and Eligibility
Indusind Bank Signature Debit Card Overview
Indusind Bank Signature Debit card has been designed to deliver superior value through exciting features, offers and convenience of cashless payments for shopping, dining, entertainment and much more.
Indusind Bank Signature Debit Card Features
- Issued on VISA Platform
- Signature Exclusive Debit Card : Purchase Limit : Rs 4,00,000/- Per Day & ATM Limit Rs 2,00,000/- Per Day
- Signature Select Debit Card : Purchase Limit : Rs 3,00,000/- Per Day & ATM Limit Rs 1,50,000/- Per Day
- Signature Debit Card : Purchase Limit : Rs 3,00,000/- Per Day & ATM Limit Rs 1,50,000/- Per Day
- Access any of the 1800 IndusInd Bank ATMs across India for cash withdrawals, cash/cheque deposits, visa credit card bill payment, balance enquiry, mobile top-up and other miscellaneous requests
- Withdraw cash at any of the 120,000 VISA / PLUS ATMs in India and over a million ATMs across the world, through bilateral arrangements with our network partners, VISA and NFS
- Use your card for shopping at over 9,00,000 merchant locations in India and over 26 million merchant locations across the world
Indusind Bank Signature Debit Card Eligibility
All customers holding an account with Indusind bank are eligible for this card. Existing eligible customers can also upgrade the accounts to apply for this card.Indusind Bank Signature Debit Card Fees & Charges
- Joining Fee : Rs 5000 + Taxes
- Annual Fee (2nd year onwards) : Rs 1499 + Taxes
- Signature Exclusive Debit Card is Charged at Rs 299 Plus Taxes every year ( Only for Exclusive Banking customers )
- Signature Select Debit Card is Charged Rs 499 Plus Taxes Every Year ( Only for Select Banking Customers)
Indusind Bank Signature Debit Card Benefits
- Joining Benefits: Vouchers from leading brands worth - Rs 4000 - On the first Swipe(Only for Signature cards charged Rs 5,000/-), 500 Reward Points - On the first Swipe, 200 Bonus Points On activating the card at IndusInd bank ATM, 200 Bonus Points for activating NB using this Card (New account holders) and 100 Bonus Points for activating Mobile Banking (New account holders)
- Buy one Get One - on bookmyshow.com
- Free Lost Card Liability Cover: Rs. 3,00,000
- Free Air accident Insurance Cover: Rs. 30,00,000
- Free Personal Accident Insurance Cover: Rs. 2,00,000
- Free Purchase Protection Cover: Rs. 50,000
- Accelerated IndusRewards Points
- Secure Online Shopping : Sign up for Verified by VISA and enjoy safe and secure online shopping
- Fuel Surcharge Waiver upto Rs 250/- per month
- Complementary Lounge access at select Domestic & International airports in India limited to 2 visits per quarter per card
Indusind 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.
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.