Axis Bank Rupay Classic Debit Card – Benefits, Fees & Eligibility

Introduction

The RuPay Classic Debit Card, issued by Axis Bank, is specifically designed for NRO account holders, offering a seamless and secure banking experience for everyday needs. Key benefits include enhanced domestic transaction limits, personal accident insurance coverage, and the convenience of contactless payments.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: ₹40,000 for domestic transactions.
• Daily POS/Online Transaction Limit: ₹1,00,000 for domestic shopping.
• Minor Accounts Limits:
  • Maximum daily cash withdrawal limit: ₹5,000.
  • Maximum daily purchase limit: ₹10,000.
• Contactless Payments: Enjoy increased payment limits up to ₹5,000 per transaction.
• PIN Generation: Easily generate your Debit Card PIN anytime at any Axis Bank ATM or by calling Axis Bank Phone Banking.
• Instant Card Blocking: In case of loss, theft, or suspected misuse, the card can be instantly blocked via SMS ('BLOCKCARD' to 5676782 for domestic, +919717000002 for NRI), Emergency Helpline Number (+91-22-67987700), Customer Care Number (1860-419-5555 / 1860-500-5555), or through Internet Banking.
• Instant Alerts: Receive SMS alerts for cash withdrawals, balance inquiries, debit/credit alerts, and transaction details.

Fees and Charges

• Card Platform: RuPay
• Primary/Joint Holder Issuance Fees: ₹150
• Annual Fees (Primary/Joint): ₹150
• Primary/Joint Holder Annual Fees: ₹300
• Replacement Fees: ₹300
• Axis Bank ATM Usage Charges: Nil
• Other Bank ATM Cash Withdrawal Charges: ₹23/- (applicable beyond free limit)
• Other Bank ATM Non-Financial Transaction Charges: ₹10/- (applicable beyond free limit)
• Goods and Service Tax (GST): Applicable on all mentioned fees and charges.
• ATM Usage Charges: Applicable for both financial and non-financial transactions beyond the free limit.

Rewards & Offers

• Insurance Coverage: Personal accident insurance cover up to ₹1,00,000.

Account & Eligibility Criteria

• Mandatory Account Type: To be eligible for the RuPay Classic Debit Card, you are required to open an NRO Account with Axis Bank.
• Minor Accounts: Specific daily transaction limits apply for minor accounts.

Debit Card Review

The RuPay Classic Debit Card from Axis Bank is a suitable option for NRO account holders seeking a straightforward and secure debit card for their domestic banking needs. Its primary advantages include robust domestic transaction limits for both ATM withdrawals and shopping, coupled with a personal accident insurance cover of ₹1 lakh, adding a layer of security. The card also supports modern contactless payments up to ₹5,000 and offers convenient features like instant PIN generation, real-time SMS alerts, and immediate card blocking options. While the annual fees appear to have conflicting values in the provided information (₹150 and ₹300), and charges apply for other bank ATM usage beyond the free limit, its core benefits make it a practical choice for its target audience.

Important Product Details

• Card Variant: RuPay Classic Debit Card.
• Positive Highlights:
  • Enhanced domestic cash withdrawal limit of ₹40,000.
  • Enhanced domestic shopping limit of ₹1,00,000.
  • Personal accident insurance cover up to ₹1,00,000.
  • Contactless payment facility with an increased limit up to ₹5,000.
  • Instant SMS alerts for transactions and account activities.
  • Easy and multiple options for PIN generation and instant card blocking.
• Negative Highlights:
  • Exclusively for NRO account holders.
  • Charges apply for cash withdrawals and non-financial transactions at other bank ATMs beyond the free limit.
  • Discrepancy in listed annual fees (₹150 and ₹300).

Other Details

• Terms and Conditions: Guidelines for responsible debit card usage and benefits are available.
• Disclaimer on Overseas Foreign Exchange Trading: The debit card or online banking facility should not be used for collecting, effecting, or remitting payments directly or indirectly outside India for overseas foreign exchange trading through electronic/internet trading portals. Users would be liable for contravention of the Foreign Exchange Management Act (FEMA), 1999, and violations of Know Your Customer (KYC) norms / Anti Money Laundering (AML) standards.