Axis Bank PMJDY RuPay Debit Card – Benefits, Fees & Eligibility

Introduction

The PMJDY RuPay Debit Card is issued by Axis Bank under the Pradhan Mantri Jan Dhan Yojana (PMJDY) framework. It is positioned as an entry-level debit card designed specifically for PMJDY account holders to enable seamless and secure everyday banking. The card’s top differentiating benefits include enhanced domestic transaction limits (₹40,000 cash withdrawal and ₹1,00,000 shopping), comprehensive insurance coverage (including personal accident, air accident, and purchase protection), and global usability with contactless payment convenience up to ₹5,000.

Welcome Benefits

• No joining or annual fees for primary and joint holders.
• No replacement fee for the card.
• Instant issuance and activation support via Axis Bank branches and customer care.
• Free basic savings bank deposit account (BSBDA) linkage for eligibility.

Fees

• Joining Fee: NIL (for primary and joint holders).
• Renewal Fee / Annual Fee: NIL (for primary and joint holders).
• Replacement Fee: NIL.
• ATM Cash Withdrawal Charges: ₹23 per transaction (domestic) beyond free limits.
• ATM Non-Financial Transaction Charges: ₹10 per transaction (domestic) beyond free limits.
• International ATM Cash Withdrawal Charges: ₹125 per transaction.
• International ATM Non-Financial Transaction Charges: ₹25 per transaction.
• Spend-Based Waiver: Not explicitly mentioned; standard fees apply beyond free transaction limits.
• Rewards Redemption Fee: Not applicable for this debit card.
• Foreign Currency Markup: 3.5% cross-currency mark-up on all international cash withdrawal and purchase transactions.
• Interest Rates: Not applicable for debit card spending; applicable only on credit balances or overdrafts as per account terms.
• Fuel Surcharge: Not explicitly listed separately; included within applicable transaction charges where relevant.
• Cash Advance Charges: Not separately listed; international cash withdrawal charges apply (₹125) plus cross-currency mark-up (3.5%) and applicable GST.
• Dynamic Currency Conversion (DCC) Markup Fee: 1% plus GST on applicable international transactions.
• Other Charges: Goods and Service Tax (GST) applicable on all mentioned fees and charges; ATM usage charges apply beyond set free limits.

Rewards

• Movies: Not applicable (this is a debit card; no specific movie benefits listed).
• Dining: Not listed as a specific reward category for this card.
• Travel: Not listed as a specific reward category; however, the card is enabled for international usage with applicable charges.
• Domestic Lounge: Not applicable.
• International Lounge: Not applicable.
• Golf: Not applicable.
• Insurance:
  • Personal accident insurance cover up to ₹2 lakh.
  • Air accident insurance cover up to ₹1 Crore.
  • Price Protection up to ₹50,000.
  • Purchase Protection up to ₹50,000.
  • Insurance on Baggage Loss/Checked-in baggage and Baggage Delay up to 500 USD.
• Lifestyle: Contactless payment convenience with increased payment limit up to ₹5,000; SMS alerts for balance inquiry, debit/credit alerts, and transaction details; instant card blocking facility.
• Other Rewards:
  • Higher transaction limits: domestic cash withdrawal up to ₹40,000 and shopping up to ₹1,00,000 (subject to account balance); for minors, maximum daily cash withdrawal limit ₹5,000 and purchase limit ₹10,000.
  • Easy Debit Card PIN generation at Axis Bank ATMs or via Phone Banking.
  • International debit card usage enabled via Axis Bank mobile app or customer care.

Rewards Redemption Guide

• This is a debit card; points-based rewards or cashback redemption programs are not applicable.
• Benefits such as insurance coverage and transaction limits are automatically available as per card terms and eligible account status.
• For insurance claims, customers may refer to the specified process document to raise insurance and fraud claims.

Card Eligibility Criteria

• Eligibility for the PMJDY RuPay Debit Card requires the customer to open a Basic Savings Bank Deposit Account (BSBDA) under the PMJDY scheme.
• Customers should contact the nearest Axis Bank branch for detailed eligibility and documentation requirements.

Card Review

• Who Should Apply: Ideal for PMJDY account holders seeking a no-fee, functional debit card with enhanced transaction limits, global usage capability, and basic insurance protection.
• Pros:
  • Zero joining, annual, and replacement fees.
  • High domestic transaction limits relative to typical entry-level debit cards.
  • Comprehensive insurance coverage (personal accident, air accident, purchase protection, baggage coverage).
  • Contactless payments up to ₹5,000 for convenience.
  • Instant alerts and card control features for security.
• Cons:
  • Limited to PMJDY/BSDA account holders.
  • No rewards or cashback program.
  • International usage incurs significant fees (cross-currency mark-up, DCC, and transaction charges).
  • ATM transaction fees apply beyond free limits.
• Value: Strong value for basic banking and transaction needs with robust security and insurance features, but not suited for customers seeking rewards or premium travel benefits.

Important Product Details

• Positive Highlights:
  • No joining, annual, or replacement fees.
  • Enhanced domestic limits: ₹40,000 cash withdrawal and ₹1,00,000 shopping.
  • Comprehensive insurance coverage (up to ₹2 lakh personal accident, up to ₹1 Crore air accident, up to ₹50,000 purchase/price protection, and baggage coverage up to 500 USD).
  • Contactless payment limit up to ₹5,000.
  • Instant SMS alerts and emergency card blocking options.
  • International usage enabled with global acceptance.
• Negative Highlights:
  • Cross-currency mark-up of 3.5% and DCC markup of 1% plus GST on international transactions.
  • ATM transaction fees apply beyond free limits (₹23 domestic cash withdrawal, ₹10 domestic non-financial, ₹125 international cash withdrawal, ₹25 international non-financial).
  • Limited to PMJDY account holders; requires BSBDA.
  • No rewards, cashback, or premium lifestyle benefits.

Other Details

• The card is issued by Axis Bank under the Pradhan Mantri Jan Dhan Yojana framework.
• Terms and conditions apply; customers should review guidelines for responsible card usage.
• Goods and Service Tax (GST) is applicable on all fees and charges.
• Free transaction limits may apply; charges are levied beyond these limits.
• Insurance claim process requires following the specified procedure as per policy documents.
• The card supports international transactions, but usage is subject to FEMA and RBI regulations; misuse for prohibited overseas forex trading is not permitted.
• Customer support channels for card blocking include SMS, emergency helpline, customer care, and Internet Banking.
• Related products (e.g., Burgundy Debit Card) are available but not part of this card’s offering.