Bank of Baroda MasterCard Platinum Debit Card – Benefits, Fees & Eligibility

Introduction

The MasterCard Platinum Debit Card, issued by Bank of Baroda, is designed exclusively for its premium customers, offering enhanced features for higher spending and cash withdrawal needs. This internationally accepted card provides hassle-free online shopping, high daily transaction limits, and complimentary domestic airport lounge access, making it a convenient choice for frequent travelers and high-value transactors.

Welcome Benefits

• The annual fee for the MasterCard Platinum Debit Card is waived for the first year.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: Rs. 50,000 per day.
• Daily POS/Online Transaction Limit: Rs. 1,00,000 per day.
• Contactless Transactions: Up to Rs. 5,000 can be performed without a PIN at POS terminals.
• International Usage: The card is an internationally accepted variant, usable at MasterCard member bank ATMs and merchant outlets in India and abroad.
• Initial Channel Enablement: At the time of issue, re-issue, or renewal, all debit cards are enabled only for contact-based usage (ATMs and Point of Sale devices) within India. For online, international, or contactless transactions, these channels must be enabled through BOB ATM, bob World App (Mobile Banking), bob World Internet (Internet Banking), or IVR.
• Card Activation: The card must be activated by using it first at any ATM. POS/e-commerce usage is only possible after ATM activation.

Fees and Charges

• Issuance Fees: Rs. 300/- + Taxes.
• Annual Fees: First year free, then Rs. 300/- + Taxes from the second year onwards.
• Re-Issuance Fees: Rs. 200/- + Taxes.
• ATM Withdrawal Charges (Current Account Holders): No free transactions at other bank's ATM machines.
• General: Charges for using the Bank of Baroda debit card are subject to change with prior notification to cardholders.

Rewards & Offers

• Domestic Airport Lounge Access: Enjoy free domestic airport lounge access, 01 per quarter.
• Network Offers: Attractive offers are available on the MasterCard network.

Account & Eligibility Criteria

• Eligibility:
  • Individuals maintaining specific Savings accounts with operational instructions as “Self” or “Either or Survivor” or “Any one or Survivor”.
  • Individuals maintaining specific Current accounts with mode of operation as Self; Sole Proprietor; Any One Partner; Any One Director; Chairman; Managing Director; Authorised Signatory.
  • Individuals maintaining specific CC accounts (for RuPay BKCC cards).
  • Individuals maintaining specific OD accounts (for RuPay Mudra cards).
• Eligibility Determination: Eligibility is determined by the scheme code and mode of operation used to open the bank customer account.

Debit Card Review

The MasterCard Platinum Debit Card from Bank of Baroda is ideal for premium customers seeking high transaction limits for both cash withdrawals and purchases. Its international acceptance and complimentary domestic airport lounge access add significant value for frequent travelers. While it comes with an annual fee from the second year, the first-year waiver and robust features make it a strong contender for those with higher spending needs.

Important Product Details

• Card Name: MasterCard Platinum Debit Card
• Issuing Bank: Bank of Baroda
• Card Network: MasterCard
• Key Highlights:
  • High daily POS/E-commerce transaction limit of Rs. 1,00,000.
  • High daily cash withdrawal limit of Rs. 50,000.
  • Free domestic airport lounge access (1 per quarter).
  • Contactless transaction facility for quick payments up to Rs. 5,000 without PIN.
  • Internationally accepted for global usage.
  • First year annual fee is free.
• Considerations:
  • Annual fees apply from the second year onwards.
  • Online, international, and contactless transaction channels require explicit enablement after card issuance.

Other Details

• PIN Generation: Debit Card/Green PIN can be generated through bob World App, bob World Internet, IVR, and any nearest Bank of Baroda ATM. No physical PIN is sent for domestic registered mobile numbers. NRI customers receive a physical PIN and activate the card via an ATM withdrawal transaction.
• PIN Security: Customers are advised to change PINs regularly, shield the keypad while entering PINs, and never write the PIN on the card or share it.
• Account Linking: A maximum of 9 accounts held in the same name and capacity can be linked to a Debit Card by submitting a request at the base branch.
• Card Usage Frequency: Customers must frequently use the debit card to avoid it being blocked.
• Debit Card vs. ATM Card: A debit card is a multipurpose card for ATM, POS, online, and contactless transactions, whereas an ATM card is only for ATM transactions.
• Card Blocking (Wrong PIN Attempts):
  • Soft Blocking: After 3 attempts of wrong PIN in a day (within 24 hours), the debit card will be blocked for the next 24 hours.
  • Hard Blocking: After 12 attempts of wrong PIN in a month, the debit card will be blocked permanently.
• Hotlisting Options (Lost/Stolen Card):
  • Contact Centre/Toll-free numbers: 1800 5700 / 1800 5000
  • bob World App (Mobile Banking)
  • WhatsApp Banking: 8433 888 777
  • bob World Internet (Net Banking)
  • Nearest Bank of Baroda branch
• Non-Renewal Consent: To opt out of card renewal, the card must be blocked via Branch/IVR (1800 5700)/bob World app/bob World Internet at least one month prior to the card renewal month. Not blocking the card will be considered as consent for renewal.
• RuPay Insurance Program (General Bank of Baroda Debit Cards): NPCI provides accidental death and total disability insurance for specific RuPay variants:
  • RuPay PMJDY: Sum insured Rs. 1 lac (Old PMJDY Cards) or Rs. 2 lac (New PMJDY Cards).
  • RuPay Platinum: Sum insured Rs. 2 lacs.
  • RuPay Select: Sum insured Rs. 10 lacs.
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