Axis Bank Visa Classic/Platinum Debit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Visa Classic/Platinum Debit Card offers premium control over your finances, allowing you to manage your money without the need to carry large amounts of cash. Issued by Axis Bank, this card is the default debit card for certain EASY Segment accounts and is available with selected savings account schemes, such as the Easy Access Savings Account. Key benefits include higher transaction limits, robust insurance coverage for personal accidents and purchases, dining offers, and the convenience of instant card blocking in emergencies. It also supports contactless payments and international transactions, providing flexibility and security for your spending needs.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit:
  • ₹40,000 for regular accounts.
  • ₹5,000 for minor accounts.
• Daily Purchase Limit (POS/Online):
  • Initially ₹1,00,000.
  • Enhanced to ₹3,00,000 for new cards issued w.e.f 7th Nov 2019 / 20th Feb 2019.
  • ₹10,000 for minor accounts.
• Contactless Payment Limit: Upto ₹5,000 per transaction.
• International Usage:
  • Available for transactions across the world.
  • Can be enabled through a Branch, Axis Bank Mobile App, or Internet Banking.
  • Chip and PIN enabled for enhanced security on international transactions and websites.

Fees and Charges

• Debit Card Variant: VISA Platinum/Classic Debit Card.
• Network: VISA.
• Joining/Issuance Fees: ₹200 + GST (for primary and joint holder).
• Annual Fees: ₹200 + GST (for primary and joint holder).
• 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.

Rewards & Offers

• Insurance Coverage:
  • Personal Accident Insurance Cover: Upto ₹2 lakhs.
  • Air Accident Insurance Cover: Upto ₹1 Crore.
  • Price Protection: Upto ₹50,000.
  • Purchase Protection: Upto ₹50,000.
  • Insurance on Baggage Loss/Checked in baggage, and Baggage Delay: Upto 500 USD.
  • *Conditions apply for insurance benefits.
• Dining Offers: Access to dining options and offers (link to Eazydiner mentioned).
• Lounge Access: Not Applicable.

Account & Eligibility Criteria

• Eligibility:
  • The VISA Platinum debit card is the default debit card for certain EASY Segment accounts.
  • Issued under selected savings account schemes.
  • Check with the nearest branch for specific segments where the VISA Platinum Debit card is issued.
• Documentation:
  • The documents required for the Visa Classic/Platinum Debit Card are essentially the same as those needed for opening an Easy Access Savings Account.

Important Product Details

• Card Type: Visa Classic/Platinum Debit Card.
• Issuing Bank: Axis Bank.
• Network: VISA.
• Key Features:
  • Enhanced daily cash withdrawal and purchase limits.
  • Chip and PIN enabled for secure transactions.
  • Comprehensive insurance coverage including personal accident, air accident, price protection, purchase protection, and baggage loss.
  • Instant card blocking facility in case of loss or suspected misuse.
  • Contactless payment capability with a limit of upto ₹5,000.
  • International usage availability.
  • Easy Debit Card PIN generation via ATM or phone banking.
  • Instant SMS alerts for transactions, balance inquiry, and other important information.
• Fees and Charges Highlights:
  • Issuance, annual, and replacement fees apply.
  • Charges for domestic and international ATM transactions beyond free limits.
  • Foreign currency markup and Dynamic Currency Conversion (DCC) markup on international transactions.
• Lounge Access: Not available with this card.

Other Details

• PIN Generation: Easily generate your Debit Card PIN anytime at the nearest Axis Bank ATM or by calling Axis Bank phone banking.
• Instant Alerts: The SMS alerts facility sends instant 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.
• Card Blocking: In case of loss, theft, or suspected misuse, the card can be instantly blocked by:
  • SMSing ‘BLOCKCARD’ to 5676782 (NRI 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 ‘Block Card’ in the Debit Cards section.
• International Usage: This debit card allows transactions across the world, and international usage can be enabled through various channels.
• Disclaimer Summary: Users are advised not to use their 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 FEMA, 1999, and violation of KYC/AML norms.