Tamilnad Mercantile Bank Visa Platinum Business Debit Card - Benefits, Charges and Eligibility
Tamilnad Mercantile Bank Visa Platinum Business Debit Card Overview
Tamilnad Mercantile Bank Visa Platinum Business Debit Card is a multi-purpose International Debit Card which facilitates to make payments online (with 3D-Secure), for utility bills and for purchase of business essentials. Besides booking travel tickets, this Debit card also eliminates the need for Travellers Cheques and exchanging currency during international trips. The Card will be accepted at millions of suppliers worldwide, making it a convenient way to pay.
Tamilnad Mercantile Bank Visa Platinum Business Debit Card Features
- Available on Visa platform
- Faster day to day payments at merchant locations
- Book movie tickets, utility bill payments, travel, other online purchases and payments over the internet
- Safe online shopping and e-commerce transactions
- Daily cash withdrawal limit: Rs. 1,00,000 & Daily purchase limit: Rs. 2,00,000. These limits will be a combined limit for both Domestic as well as International transactions (in equivalent Indian Rupees)
Tamilnad Mercantile Bank Visa Platinum Business Debit Card Eligibility
Current Account in the name of Proprietorship concerns, Partnership Firm or Private Limited Company 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 Visa Platinum Business Debit Card Fees & Charges
- Issuance Fee: Rs 200 plus applicable taxes, Nil for TMB Gold Current Account & TMB Diamond Current Account
- Annual Fee (from 2nd year onwards): Rs 200 plus applicable taxes, Nil for TMB Gold Current Account & TMB Diamond Current Account
- Replacement Charges (at customer request for all prepaid & debit cards): Rs 200 plus applicable taxes
- Re-Issue of PIN: Rs 50 plus applicable taxes
- For usage at IRCTC and other selective e-Commerce sites: Applicable surcharge plus service Tax
- Transactions at petrol pumps: Surcharge of 2.50% of transaction amount or Rs. 10, whichever is higher plus applicable taxes
Tamilnad Mercantile Bank Visa Platinum Business Debit Card Benefits
- Cashless shopping Visa Debit Card
- It entitles the Card holder to higher discounts at Merchant sites and offers given by VISA from time to time
- Get an SMS and Email alert on your registered mobile phone and Email ID for every transaction done using your Debit Card
- Higher cash withdrawal and purchase limits
- SMS Alert for Better Tracking
- 24x7 helpline through customer care service
- Highly safe and secure transactions
Tamilnad Mercantile Bank Visa Platinum Business 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.