All bank account holders having Current Account or Savings Account are issued with Debit Card/ATM cards by the banks. Banks will impose some charges on these cards. Here are some charges on the ATM Card/Debit Cards.
Debit Cards And Their Various Charges
Different Charges On Debit Cards: Banks will issue Debit cards for their Saving and Current Bank Account holders. For that, banks will impose some basic charges on debit cards and charges based on their usage. Here we know the Debit Card charges on bank accounts.
- Annual Charges
- Card Replacement Charges
- Duplicate PIN Charge
- Charges On Money Withdraw
- International Transaction Charges
- POS Charges
Annual Charges
Almost all the banks collects the Annual Charges on the Debit Cards from the accounts holders who are having Debit Cards. Depends on the banks they will charge Rs.100/- to Rs.500/- as Annual Charges on the Debit Cards.
Card Replacement Charges
When The Bank Account holders ATM/Debit Card has been lost, to replace their ATM/Debit Card banks will collect the Card replacement charges. Some bank will not collect the charges for the Card Replacement. The Card replacement charges will vary from the Rs.100/- to Rs.300/- from bank to bank.
Duplicate PIN Change
When the Bank account holder “ForGot” their ATM/Debit Card PIN banks will collect the Nominal fee of Rs.50/- to Rs.100/- and they send the Duplicate PIN to the Account holders address. But account holders can easily change through Online mode for free.
Charges On Money Withdraw
Bank account holders can withdraw money from the banks for free from their Debit cards up to the limit. After the completion of limit banks will charge on the money withdraw from the range of Rs.10/- to Rs.30/- on every transaction. Charges will be varied from the bank to bank.
International Transaction Charges
Banks will charge on the International Currency Transactions, Debit Card Balance check in the foreign countries, Money withdrawl using the Debit cards in foreign countries. These charges will be based on the transaction ( Fixed Charge or Percentage On The Transaction).
Point Of Sale (POS) Charges
When you transact in Business Organization and Some Online Payments through the Debit Cards Almost there is no Charge. But some transactions they may charge upto 1% as POS Charge ( Ex: Fuel Charge).
