Syndicate Bank Global Maestro Debit Card - Benefits, Charges and Eligibility
Syndicate Bank Global Maestro Debit Card Overview
Syndicate Bank Global Maestro Debit Card is a debit card issued in association with MasterCard. It brings you the convenience of accessing your money anytime and anywhere globally. The card holders can operate it with over 10 lakh ATMs.
Syndicate Bank Global Maestro Debit Card Features
- Issued under Master Card platform
- Cashless Shopping
- Daily cash withdrawal limit: Rs.20,000
- ECOM/POS Consolidated Limit: Rs. 25,000
- Card Holder can transact in any currency, but pay in Indian Rupees
- It is a CONVENIENT e-WALLET valid in India & abroad
- It can be used for purchase transactions at over 5.5 lakh MEs in India and over 29 million merchants worldwide
Syndicate Bank Global Maestro Debit Card Eligibility
All Resident Indians, NRIs, Foreigners and students above the age of 15 holding Savings/Current accounts with the bank are eligible to apply for this card. All Proprietorship Firms maintaining Current or Overdraft A/cs can also apply. Existing eligible customers can also upgrade the accounts to apply for this card.Syndicate Bank Global Maestro Debit Card Fees & Charges
- Charges for issuance of Card : Nil
- Second Year Onwards Annual Fee: Rs. 100/- plus applicable taxes
- Charges for issuance of Add-on Card : Rs. 100/- plus applicable taxes
- Re-issue of PIN: Rs. 50/-
- Replacement/Re-issue of Lost/Damaged Card: Rs. 200/-
- Issue of ATM/Debit Card (Personalised): Rs. 100/-
- Cash Withdrawal charges at VISA/MasterCard ATMs outside India: Rs 140/- per transaction
- Currency Conversion charges: 2% of the amount of transaction
- Mark Up Charges for each POSP transaction at Petrol Pumps: 2.5% + GST subject to minimum of Rs. 10/-
- Mark Up Charges for each POSP transaction at Railway Bookings: 2.5% + GST subject to minimum of Rs. 25/-
Syndicate Bank Global Maestro Debit Card Benefits
- Apply for add-on debit cards for family members
- For Cash Withdrawal & Balance Enquiry through over 65,000 ATMs in India
- Higher withdrawal and transaction limit
- Secured with additional levels of security through MasterCard SecureCode and Verified by Visa (VbV) services
- Customer service available 24 hrs for all the 7 days of a week
- Card holder can enjoy a wide array of benefits
- Lost Card Liability: In the event of loss/theft of Debit Card in the hands of Cardholder, the liability of the Cardholder would be limited to a maximum of Rs.1,000/- from the time of notification of such loss/theft of the Card to the Bank
Syndicate Bank Global Maestro Debit Card How to Apply
- Contact your Branch.
- If you don't have saving or Current Account, first open your account.
- Get the Debit Card Application form from the Branch, fill it up and submit it to your Branch.
- You will receive your Insta Debit Card & PIN (Personal Identification Number) at the time of submission of the application form.
- In case of named Debit Card, the card will be delivered to the customer's residential address. The PIN will have to be collected from the respective Branch.
- The customer has to activate the Insta Debit card after 24 hours from the receipt of the card by withdrawing cash from Dena Bank ATM.
Syndicate Bank Global Maestro 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.