Kotak Mahindra Bank Rupay Debit Card - Benefits, Charges and Eligibility

Kotak Mahindra Bank Rupay Debit Card Overview

Kotak Mahindra Bank RuPay Debit Card comes with a Personal Accident Insurance and allows you to access all ATMs in India, look for RuPay brand mark.

Kotak Mahindra Bank Rupay Debit Card Features

  • Issued on RuPay Platform
  • Comes with domestic validity only
  • ATM Withdrawal Limit: Rs.10,000 Per Day
  • You will not be able to use your Kotak RuPay Debit Card for any domestic and International purchase transactions
  • You will not be able to use your Kotak RuPay Debit Card for online purchase transactions

Kotak Mahindra Bank Rupay Debit Card Eligibility

All Basic Savings Bank Deposit Account or Small Account holders of Kotak Mahindra Bank. Existing eligible customers can also upgrade the accounts to apply for this card.

Kotak Mahindra Bank Rupay Debit Card Fees & Charges

  • Annual Fee: Nil
  • Replacement of Damaged Debit Card: Nil
  • Declined Transactions due to insufficient balance: Rs 20 per transaction

Kotak Mahindra Bank Rupay Debit Card Benefits

  • 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
  • You can call bank's Emergency Helpline for Card Blocking/ assistance
  • 24/7 customer care facility
  • Highly safe and secure transactions

Kotak Mahindra Bank Rupay 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.