Debit card charges: Top banks levy credits the tune of Rs 200-300 plus GST towards card reissuanceDebit cards are released by banks to enable their customers to carry out jobs.
These variety from money withdrawal at an ATM to payment at a Point of Sale (PoS) to online payment for shopping by means of e-commerce.
Amongst the a number of types of debit cards used by banks today, some debit cards are released complimentary of expense while others draw in specific charges.
Top banks such as State Bank of India (SBI), ICICI Bank and HDFC Bank levy charges in the range of Rs 200 to Rs 300 plus appropriate GST towards reissuance of debit card.
These are the charges you should bear for replacement of your debit card must you require to get a brand-new one.1.
Debit card reissuance/debit card replacement chargesSBI charges a fee of 300 for replacement of a debit card, according to the bank's business site - sbi.co.in.ICICI Bank charges a fee of Rs 200 per card towards replacement of card in case of loss or damage, according to its website - icicibank.com.
HDFC Bank levies a fee of Rs 200 towards replacement or reissuance of a debit card.
2.
Debit card yearly maintenance chargesSBI charges a fee of Rs 125 towards annual upkeep of its Traditional debit card, according to its website.Except its Coral debit card, ICICI Bank charges no cost towards yearly maintenance charge for its debit cards.
For the Coral debit card, the bank charges a signing up with cost of Rs.
499 and an annual fee of the exact same amount, according to its site.
For its Platinum debit card, HDFC Bank charges a fee of Rs 750 as yearly renewal fee, according to the bank's website.
3.
Regrowth of debit card PINSBI charges a cost of Rs 50 plus GST for regeneration of PIN for a debit card through a branch, according to its website.ICICI Bank has stated a fee of Rs 25 as debit card PIN re-generation charges.
These charges are not relevant if request through Instapin at Branch/Customer Care (IVR) , according to the bank.HDFC Bank charges a fee of Rs 50 for generation of ATM PIN.
There are no charges suitable to consumers creating an instant pin, where the consumer sets up the PIN utilizing net banking or mobile banking, according to the bank's website.The charges - relating to all 3 categories - leave out appropriate taxes, the banks discussed separately on their sites.