Karur Vysya Bank Emv Chip Based International Visa Debit Card - Benefits, Charges and Eligibility

Karur Vysya Bank Emv Chip Based International Visa Debit Card Overview

KVB offers EMV Chip Based International VISA Debit cards to its savings account customers. These cards are internationally accepted and can be used to access all KVB ATMs and over 13000 domestic ATMs under the VISA / NFS cluster and over 1 million VISA ATMs worldwide.

Karur Vysya Bank Emv Chip Based International Visa Debit Card Features

  • Issued on VISA Platform
  • Purchase Limit : Rs.30,000/- Per Day & ATM Limit Rs.30,000/- Per Day, Combined Limit (ATM+POS+ECOM): Rs.30,000/- Per Day
  • Accepted at over 1,82,000 ATMs and more than 10,00,000 Point of Sale terminals in India
  • Accepted at more than 1.8 million Visa enabled ATMs and more than 30 million Visa enabled POS (Point Of Sale) terminals worldwide
  • Use your card for online shopping, e-payments and bill payments

Karur Vysya Bank Emv Chip Based International Visa Debit Card Eligibility

All Savings Bank Account holders (except Kalpatharu), Current Accounts held in individual or joint names, sole proprietorship, partnership or limited companies. Existing eligible customers can also upgrade the accounts to apply for this card.

Karur Vysya Bank Emv Chip Based International Visa Debit Card Fees & Charges

  • Joining Fee : Rs 200 plus applicable taxes
  • Joining Fee (Add-on Card) : Rs 200 plus applicable taxes
  • Annual Fee (2nd year onwards) : Rs 175 plus applicable taxes
  • Card Lost and Replacement charges: Rs 200 plus applicable taxes
  • Regeneration of ATM PIN: Nil
  • Hotlisting: Nil

Karur Vysya Bank Emv Chip Based International Visa Debit Card Benefits

  • Cashless shopping with VISA Debit Card
  • Enhanced Security through EMV Chip
  • Add-on card will be issued on request to the spouse for Savings Bank Accounts
  • You can call bank's Emergency Helpline for Card Blocking/ assistance
  • Secure Online Shopping
  • 24/7 customer care facility
  • Highly safe and secure transactions

Karur Vysya Bank Emv Chip Based International Visa 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.