Tamilnad Mercantile Bank Smart Shoppers Visa Debit Card - Benefits, Charges and Eligibility

Tamilnad Mercantile Bank Smart Shoppers Visa Debit Card Overview

With TMB Smart Shoppers Visa Debit Card, you get hassle free access to your money anytime and anywhere instantly both in India and abroad.

Tamilnad Mercantile Bank Smart Shoppers Visa Debit Card Features

  • Available in Visa variant
  • Access to over 1.4 million ATMs worldwide
  • 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 TMB ATMs: Rs. 30,000 (per day)

Tamilnad Mercantile Bank Smart Shoppers Visa Debit Card Eligibility

Customers holding any type of current & savings accounts 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 Smart Shoppers Visa Debit Card Fees & Charges

  • Issuance Fee: Nil
  • Annual Fee (from 2nd year onwards): Rs 100 plus applicable taxes, Free for SB Premium and Royal SB A/c holders
  • Replacement Charges (at customer request for all prepaid & debit cards): Rs 50 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 Smart Shoppers Visa 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
  • It can be used by the Cardholders to purchase goods and / or to draw cash at all the locations of TMB Surabhi ATMs, NFS ATMs, VISA / Plus ATMs and Merchant Establishments with specified functions
  • 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

Tamilnad Mercantile Bank Smart Shoppers Visa 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.