Tamilnad Mercantile Bank Rupay Kisan Debit Card - Benefits, Charges and Eligibility

Tamilnad Mercantile Bank Rupay Kisan Debit Card Overview

Tamilnad Mercantile Bank RuPay Kisan Debit Card facilitates inclusion of farmers through electronic payment system.

Tamilnad Mercantile Bank Rupay Kisan Debit Card Features

  • Available on RuPay platform
  • Issued with a validity of 5 years
  • Access to over 1,04,000 Plus ATMs in India
  • Access to cash in the respective local currency in over 170 countries
  • Access to more than 28 Million Merchant Establishments all over the world
  • Card Limit: Merchant Location: Rs. 75,000 (per day), Usage at ATMs: Rs. 50,000 or Limit available for the account whichever is less (per day)

Tamilnad Mercantile Bank Rupay Kisan Debit Card Eligibility

Customers holding Cash Credit accounts opened under Kisan Credit Card (KCC) Scheme with Tamilnad Mercantile Bank are eligible to apply for ths card. Existing eligible customers can also upgrade the accounts to apply for this card.

Tamilnad Mercantile Bank Rupay Kisan Debit Card Fees & Charges

  • Issuance Fee: Nil
  • Annual Fee (from 2nd year onwards): Rs 50 plus applicable taxes
  • Hot-listing of the card: Nil
  • Replacement Charges (at customer request for all prepaid & debit cards): Rs 100 plus applicable taxes
  • Re-Issue of PIN: Rs 50 plus applicable taxes
  • International ATM transactions: Rs 100 per transaction
  • Transactions at petrol pumps: Surcharge of 2.50% of transaction amount or Rs. 10, whichever is higher plus applicable taxes

Tamilnad Mercantile Bank Rupay Kisan Debit Card Benefits

  • Cashless shopping Visa Debit Card
  • Get an SMS and Email alert on your registered mobile phone and Email ID for every transaction done using your Debit Card
  • Enable farmers to make cashless payments while making purchases at agri input merchants by simply swiping the RuPay Kisan Card
  • It also facilitates to link farmers KCC accounts to Aadhaar Number and transact at Business Correspondent outlets in villages using the RuPay Aadhaar Kisan Card
  • Economic Benefit Transfers like Fertilizer and diesel subsidy can be directly credited to crop loan account of the farmers
  • Farmers will get Instant mobile and email alert for all Debit Card Transactions
  • Farmers will get an accidental insurance and disability insurance cover of Rs. 1 lakh
  • You can call bank's Emergency Helpline for Card Blocking/ assistance
  • 24/7 customer care facility
  • Highly safe and secure transactions

Tamilnad Mercantile Bank Rupay Kisan 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.

What is a Contactless Debit Card?

Contactless debit card is a sensor embedded new age debit card that works on Near Field Communication (NFC) Technology using Radio Transmission to ascertain contact when the card is brought near a terminal. This enables the customers to make payments up to Rs.5,000 without swiping their cards & entering a PIN.

Benefits of a Contactless Card

  • Fast & Convenient
  • Safe & Secure
  • No chance of losing or misplacing it

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.