South Indian Bank Rupay Platinum Debit Card - Benefits, Charges and Eligibility
South Indian Bank Rupay Platinum Debit Card Overview
South Indian Bank RuPay Platinum Debit Card is a debit card that is promoted by the National Payment Corporation of India, RuPay debit cards are accepted at all major ATMs and PoS terminals in India.
South Indian Bank Rupay Platinum Debit Card Features
- Available in RuPay variant
- Purchase Limit: Rs. 2,00,000 Per Day & ATM Withdrawal Limit: Rs. 50,000 Per Day
- Shop online with enhanced security
- Enjoy purchases around 3,50,000 POS outlets in India and millions of outlets across the world, shop online, entertain, book tickets, fuel your vehicle
- Use your card for online shopping, e-payments and bill payments
South Indian Bank Rupay Platinum Debit Card Eligibility
Customers holding any type of current & savings accounts with South Indian Bank are eligible to apply for ths card. Existing eligible customers can also upgrade the accounts to apply for this card.South Indian Bank Rupay Platinum Debit Card Fees & Charges
- Issuance Fee: Please contact your bank branch
- Annual Fee: Please contact your bank branch
- Petrol pumps: 2.5% of the transaction amount plus applicable taxes
- IRCTC: Convenience fee + Payment Gateway charges of 1.8%-2% of the transaction amount
- Cross-currency mark-up charge: 3.5% on foreign currency transactions
South Indian Bank Rupay Platinum Debit Card Benefits
- Cashless shopping RuPay Debit Card
- Get an SMS and Email alert on your registered mobile phone and Email ID for every transaction done using your Debit Card
- Offers & Discounts at Merchant Outlets in categories such as Lifestyle, Fine Dining, Travel, Health and Fitness
- You can call bank's Emergency Helpline for Card Blocking/ assistance
- Secure Online Shopping
- 24/7 customer care facility
- Highly safe and secure transactions
South Indian Bank Rupay 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.