Iob Platinum Debit Card - Benefits, Charges and Eligibility

Iob Platinum Debit Card Overview

IOB Platinum Debit Card is for those SB / CD/CC account holders or proprietary concerns, who maintain an average balance of Rs.75,000 per quarter in their accounts. It offers benefits like Visa Concierge services, Travel Assistance, etc.

Iob Platinum Debit Card Features

  • Issued on VISA platform
  • Cashless Shopping
  • Can be used at 30000 + ATMs of various banks
  • Daily cash withdrawal limit: Rs.50000
  • Daily shopping/online transaction limit: Rs. 2 Lakhs
  • Secured Online Transactions verified through VISA

Iob Platinum Debit Card Eligibility

All SB accounts and CD/CC accounts in the name of Individuals or Proprietary concerns, with an average balance of Rs.75,000/- per quarter in their accounts. Existing eligible customers can also upgrade the accounts to apply for this card.

Iob Platinum Debit Card Fees & Charges

  • Charges for issuance of Card : Rs. 200/- plus applicable taxes
  • Second Year Onwards Annual Fee: Rs. 150/- plus applicable taxes
  • Re-issue of PIN: Rs. 20/-
  • Replacement/Re-issue of Lost/Damaged: Rs. 100/-
  • PoS/Ecom Transactions: Nil

Iob Platinum Debit Card Benefits

  • Higher withdrawal and transaction limit
  • Quick and secure access for funds
  • Emergency cash disbursement - In case platinum card is not working in ATM/PoS of a particular country is not working, the customer can approach VISA office there and can get the fund transferred through Western Union with the help of VISA
  • Travel Assistance - Air Ticket booking various International Travel Agents using a Toll Free Telephone provided by VISA
  • Visa Concierge services
  • Eligible for IOB Rewardz points for usage through PoS / Ecom channels

Iob 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.

Iob 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.

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.