A Brief Introduction to Debit Card Charge:
Debit card charge may vary from bank to bank within the same country or from bank to bank between countries. Debit card charge is imposed for various services and benefits offered by the debit card issuing bank.
Debit card charge:
Although the debit card charge varies from bank to bank but the debit card charge cannot vary widely because every debit card issuing bank is expected to follow a common guideline as put forward by the main bank governing bodies.
The standard debit card charge is summarized below with probable variations of the debit card charge from bank to bank being little or negligible.
The annual upfront debit card charge is approximately Rs.600.00.
The annual upfront debit card charge for those who do not have a savings or a current account with which it bank is approximately Rs.300.00.
Annual debit card charge Rs.150.00, Rs.400 in case of a debit card with added service.
Cash withdrawal through ATM (Automated Teller Machine) is free within the country. However an additional fee will be charged for international withdrawals.
The debit card charge for balance enquiry using other ATM debit cards is Rs.15.00. The debit card charge for withdrawal of cash using other debit cards is Rs.55.00.
In case of withdrawals using other debit cards outside the country, the debit card charge is Rs.120.00.
Balance enquiry outside the country attracts a debit card charge of Rs.15.00.
The debit card charge for replacing a debit card lost within the country is Rs.100.00.
The debit card charge for replacing a damaged or lost debit card outside the country is Rs.100.00 in addition to Rs.700.00 as courier charge.
In case of PIN (personal identification number), the debit card charge is free.
Debit card charge for retailers:
The debit card charge imposed on the retailers by the debit card issuing banks is scrutinised from time to time to avoid discrepancies.