Kotak Mahindra Bank Classic One Debit Card - Benefits, Charges and Eligibility
Kotak Mahindra Bank Classic One Debit Card Overview
Kotak Mahindra Bank Classic One Debit Card comes with ATM Withdrawal Limit & Purchase Transactions Limit of Rs. 10,000 per day. It has all the standard features of a debit card.
Kotak Mahindra Bank Classic One Debit Card Features
- Issued on MasterCard Platform
- Comes with domestic validity only
- ATM Withdrawal Limit: Rs.10,000 Per Day
- Purchase Transactions Limit: Rs.10,000 Per Day
- Access at all merchant establishments and ATMs that accept MasterCard
- Use your card for online shopping, e-payments and bill payments
Kotak Mahindra Bank Classic One Debit Card Eligibility
All Savings Bank Deposit Account holders of Kotak Mahindra Bank. Existing eligible customers can also upgrade the accounts to apply for this card.Kotak Mahindra Bank Classic One Debit Card Fees & Charges
- Annual Fee: Please contact your bank branch
- Replacement of Damaged Debit Card: Nil
- Declined Transactions due to insufficient balance: Rs 20 per transaction
Kotak Mahindra Bank Classic One Debit Card Benefits
- Cashless shopping with MasterCard Debit Card
- Get an SMS and Email alert on your registered mobile phone and Email ID for every transaction done using your Debit Card
- Free Personal Accident Insurance Cover: Rs. 1,00,000
- Access to great deals and discounts online and at retail outlets
- You can call bank's Emergency Helpline for Card Blocking/ assistance
- Secure Online Shopping
- 24/7 customer care facility
- Highly safe and secure transactions
Kotak Mahindra Bank Classic One 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.