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

Introduction

The Axis Bank RuPay Platinum Debit Card is a premium offering from Axis Bank, designed to provide existing cardholders with a range of enhanced benefits. This card is not available for new account openings but is issued upon the expiry of an old RuPay Platinum Debit Card. It stands out with its high transaction limits, comprehensive insurance coverage, and exclusive airport lounge access, making it suitable for individuals seeking elevated financial flexibility and security.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: ₹40,000
• Daily POS/Online Transaction Limit: ₹2,00,000
• Minor Debit Card Limits:
  • Daily cash withdrawal limit: ₹5,000
  • Daily purchase limit: ₹10,000
• International Usage: Available for transactions across the world. This service can be easily enabled through the Axis Bank Open App or via Internet Banking.
• Contactless Payments: Enjoy the convenience of contactless payments with an increased payment limit of up to ₹5,000.

Fees and Charges

• Debit Card Variant: RuPay Platinum Debit Card
• Network: RuPay
• Joining/Issuance Fees: ₹200 + GST
  • Nil for EASY Salary Accounts.
• Joint Holder Joining/Issuance Fees: ₹200 + GST
• Annual Fees: ₹200 + GST
• Joint Holder Annual Fees: ₹200 + GST
• Replacement Fees: ₹200 + GST
• Domestic ATM Cash Withdrawal Charges: ₹23 (applicable beyond the set free limit)
• Domestic ATM Non-Financial Transaction Charges: ₹10 (applicable beyond the set free limit)
• International ATM Cash Withdrawal Charges: ₹125
• International ATM Non-Financial Transaction Charges: ₹25
• Cross-Currency Mark-up: 3.5% will be levied on all international cash withdrawal and purchase transactions.
• Dynamic Currency Conversion (DCC) Markup Fee: 1% plus GST will be applicable.
• Goods and Services Tax (GST): Applicable on all mentioned fees and charges.

Rewards & Offers

• Airport Lounge Access: Enjoy lounge access to select airports in the country, with 1 complimentary access per quarter. Terms and conditions for lounge access are subject to updates, effective 1st October 2024.
• Insurance Coverage:
  • 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.

Account & Eligibility Criteria

• Eligibility: The RuPay Platinum Debit Card is currently not issued on new account openings. It is only issued upon the expiry of an old RuPay Platinum Debit Card. Customers need to visit their nearest Axis Bank Branch for issuance.
• Linked Account: Easy Access Savings Account customers (SBEZY Scheme/Category Code) will be issued a Secure Plus Debit Card upon expiry of their old debit card, indicating this card is not for that specific account type.

Debit Card Review

The Axis Bank RuPay Platinum Debit Card is a robust option for existing Axis Bank customers who prioritize high transaction limits, extensive insurance coverage, and the convenience of airport lounge access. Its primary value lies in its security features, including Chip and PIN, and its comprehensive protection benefits. However, it is important to note that this card is not available for new customers and carries an annual fee, along with international transaction markups. It is best suited for individuals who frequently use their debit card for large purchases or withdrawals, travel domestically, and can benefit from the included insurance covers.

Important Product Details

• Card Name: RuPay Platinum Debit Card
• Network: RuPay
• Positive Highlights:
  • Enhanced daily cash withdrawal limit of ₹40,000.
  • Enhanced daily purchase limit of ₹2,00,000.
  • Complimentary airport lounge access (1 per quarter).
  • Comprehensive insurance benefits including Personal Accident (₹2 lakh), Air Accident (₹1 Crore), Price Protection (₹50,000), Purchase Protection (₹50,000), and Baggage Loss/Delay (500 USD).
  • International usage capability.
  • Contactless payment facility with a limit of up to ₹5,000.
  • Chip and PIN enabled for enhanced security.
  • Instant PIN generation available at Axis Bank ATMs or via phone banking.
• Negative Highlights:
  • Not issued on new account openings; only upon expiry of an old RuPay Platinum Debit Card.
  • Annual fees and issuance fees of ₹200 + GST apply (though waived for EASY Salary Accounts).
  • Cross-currency mark-up of 3.5% on international transactions.
  • Dynamic Currency Conversion (DCC) markup fee of 1% plus GST.
  • Charges applicable for ATM usage beyond the set free limits.

Other Details

• PIN Generation: Easily generate your Debit Card PIN anytime at your nearest Axis Bank ATM or by calling Axis Bank phone banking.
• Card Blocking: In case of loss, theft, or suspected misuse, the card can be instantly blocked by:
  • Sending an SMS ‘BLOCKCARD’ to 5676782 (NRFI customers to +919717000002).
  • Calling the Emergency Helpline Number +91-22-67987700 or Customer Care Number 1860-419-5555/1860-500-5555.
  • Logging into Internet Banking and selecting the ‘Block Card’ option in the Debit Cards section.
  • Logging into the Axis Bank Mobile App and selecting the ‘Block and Replace’ option.
• Instant Alerts: Receive instant SMS alerts each time the debit card is used to withdraw cash, along with other important information such as balance inquiry, debit or credit alerts, and transaction details.
• Legal Information: General terms and conditions apply to the use of the debit card. Users are advised against using the card for overseas foreign exchange trading through electronic/internet trading portals to avoid contravention of the Foreign Exchange Management Act (FEMA), 1999, and KYC/AML regulations.
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