Axis Bank E-Debit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank E-Debit Card is designed for customers holding digitally opened EASY Non-Salary, Prestige Non-Salary, Priority, Burgundy, and Amaze Axis Bank Savings Accounts. This card stands out with its exclusive 1% cashback on online spends and a complimentary movie ticket every month on BookMyShow, making it an attractive option for digital-savvy users who frequently engage in online transactions and seek entertainment benefits. It also offers higher transaction limits and global usability.

Welcome Benefits

• Receive 1 complimentary movie ticket (buy one, get one free) through bookings on BookMyShow.com and the BookMyShow app.

Transaction Limits & Usage

• Daily Purchase Limit: Up to ₹1,00,000 for domestic online transactions.
• Daily Withdrawal Limit: Not applicable (as per fees & charges table, likely due to its virtual nature or specific usage model).
• Cardless Withdrawal: The E-Debit Card facilitates cash withdrawals without the need for a physical card.
• International Usage: The card allows transactions across the world. This service can be enabled through an Axis Bank Branch, Mobile App, or Internet Banking.
• Contactless Payments: Enjoy the convenience of contactless payments with an increased limit of up to ₹5,000 per transaction.

Fees and Charges

• Joining/Issuance Fees: ₹500 + GST.
  • Nil for Prestige Salary (SAPRP) and Non-salary (SBPRP) accounts.
• Joint Holder Joining/Issuance Fees: Not issued to Joint Holders.
• Annual Fees: Nil.
• Joint Holder Annual Fees: Not issued to Joint Holders.
• Replacement Fees: The card cannot be replaced or renewed.
• Cross-Currency Mark-up: A 3.5% mark-up will be levied on all international cash withdrawal and purchase transactions.
• Dynamic Currency Conversion (DCC) Markup Fee: A fee of 1% plus GST will be applicable.
• GST: Applicable on all mentioned fees and charges.
• ATM Usage Charges: Applicable beyond the set free limit for both financial and non-financial transactions.
• Domestic ATM Cash Withdrawal Charges: Not applicable (as per fees & charges table).
• Domestic ATM Non-Financial Transaction Charges: Not applicable (as per fees & charges table).
• International ATM Cash Withdrawal Charges: Not applicable (as per fees & charges table).
• International ATM Non-Financial Transaction Charges: Not applicable (as per fees & charges table).

Rewards & Offers

• Exclusive Cashback Offer:
  • Enjoy 1% cashback on all online spends done via the E-Debit Card.
  • Applicable only on transactions of ₹500 and above.
  • Maximum applicable cashback amount is ₹200 per month.
  • Cashback amount will be credited to your linked Axis Bank Savings Account within 90 days.
  • Not applicable on certain merchant categories.
  • Cashback is not applicable for refund transactions.
• Complimentary Movie Tickets:
  • Get 1 complimentary movie ticket (buy one, get one free) through bookings on BookMyShow.com and the BookMyShow app.
• Milestone Benefit:
  • Earn 2000 EDGE REWARD points on annual spends of ₹1,00,000.
  • Axis Bank Edge rewards structure on Debit cards was revised effective 15th June 2022.
• Lounge Access: Not applicable (as per fees & charges table).
• Personal Accident Insurance Cover: Not applicable (as per fees & charges table).
• Air Accident Insurance Cover: Not applicable (as per fees & charges table).

Account & Eligibility Criteria

• The E-Debit Card is issued as a default debit card on digitally opened EASY Non-Salary, Prestige Non-Salary, Priority, Burgundy, and Amaze Axis Bank Savings Accounts.
• Joining/Issuance Fees are Nil for Prestige Salary (SAPRP) and Non-salary (SBPRP) accounts.
• The E-Debit Card can be used by customers until its expiry. Once expired, it cannot be renewed.

Debit Card Review

The Axis Bank E-Debit Card is a strong contender for individuals who primarily conduct online transactions and are customers of specific Axis Bank digital savings accounts. Its key strengths include a consistent 1% cashback on online spends (up to ₹200/month) and a valuable monthly "buy one, get one free" movie ticket offer on BookMyShow. The card also boasts a high daily purchase limit of ₹1,00,000 and the convenience of international usage and contactless payments. The absence of an annual fee is a significant advantage. However, the card's inability to be replaced or renewed after expiry, along with the lack of personal or air accident insurance and lounge access, are notable drawbacks. The ₹500 + GST joining fee might be a deterrent for some, though it's waived for Prestige Salary and Non-salary accounts. Overall, it offers good value for its target audience focused on digital transactions and entertainment.

Important Product Details

• Card Name: E-Debit Card
• Issuing Bank: Axis Bank
• Network: VISA
• Virtual Debit Card: Yes
• Positive Highlights:
  • 1% cashback on all online spends (up to ₹200/month).
  • 1 complimentary movie ticket (buy one, get one free) monthly on BookMyShow.
  • 2000 EDGE REWARD points on annual spends of ₹1,00,000.
  • High daily domestic purchase limit of ₹1,00,000.
  • International transaction capability.
  • Contactless payment facility with a limit of ₹5,000.
  • Cardless cash withdrawal feature.
  • Nil annual fees.
• Negative Highlights:
  • Joining/Issuance fee of ₹500 + GST (unless specific account types).
  • Cannot be replaced or renewed after expiry.
  • No Personal Accident Insurance Cover.
  • No Air Accident Insurance Cover.
  • No Lounge Access.
  • 3.5% cross-currency mark-up on international transactions.
  • 1% plus GST Dynamic Currency Conversion (DCC) markup fee.

Other Details

• Easily generate your Debit Card PIN anytime through Axis Bank Phone Banking, Axis Mobile App, or Axis Internet Banking.
• Receive instant SMS alerts on your phone for transactions, balance inquiry, and debit/credit alerts.
• In case of emergency or suspected misuse, the card can be instantly blocked via SMS (‘BLOCKCARD’ to 5676782), Emergency Helpline Number (+91-22-67987700 or toll-free 1800-103-5577), Internet Banking, or Axis Bank Mobile App.
• Customers are advised not to use the Debit Card or online banking for collecting/effecting/remitting payments directly/indirectly outside India for overseas foreign exchange trading through electronic/internet trading portals, as this may lead to contravention of the Foreign Exchange Management Act (FEMA), 1999, and violation of KYC/AML norms.
• General Terms and Conditions apply to the usage and benefits of the card.