Jammu And Kashmir Bank Global Debit Card - Benefits, Charges and Eligibility
Jammu And Kashmir Bank Global Debit Card Overview
Jammu & Kashmir Bank Global Debit Card lets you Shopping at retail and e-commerce and at all Domestic as well as International MasterCard enabled ATMs and Point Of Sale locations. It is issued on MasterCard Platform. It provides you convenience when you shop, dine, pay your bills whether offline, online or abroad.
Jammu And Kashmir Bank Global Debit Card Features
- Issued on MasterCard Platform
- Deluxe salary and deluxe saving account holders (whose quarterly balance is above Rs.5000) can daily withdraw cash up to Rs.1,00,000 and can make purchases/ payments up to Rs 1.5 lakhs per day from this card
- General salary, general savings and Current Account holders can daily withdraw cash up to Rs.40000 and can make purchases through Global Access Card up to Rs.1,00,000 per day
- Accepted at all Domestic as well as International MasterCard enabled ATMs and Point Of Sale locations & Ecommerce Websites
Jammu And Kashmir Bank Global Debit Card Eligibility
All customers holding an account with Jammu & Kashmir bank are eligible for this card. Existing eligible customers can also upgrade the accounts to apply for this card.Jammu And Kashmir Bank Global Debit Card Fees & Charges
- Debit Card Issuance Fee: Nil
- Annual fee: Nil
- PoS/Ecom Transactions: Nil
- Replacement of Debit Card: Please contact your bank branch
Jammu And Kashmir Bank Global Debit Card Benefits
- Chip and Pin Based - Mastercard Debit Card
- Provides online access to savings or current account
- No Transaction Fee at J&K Bank ATMs
- No Transaction Fee on Purchases
- No Transaction Fee on Ecommerce Websites
Jammu And Kashmir Bank Global 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.