Bank of Baroda VISA Vyapaar Debit Card – Benefits, Fees & Eligibility

Introduction

The VISA Vyapaar Debit Card, issued by Bank of Baroda, is a premium debit card designed exclusively for specific current account holders. It offers higher transaction limits for both cash withdrawals and purchases, along with the convenience of contactless payments and international usage, making it suitable for business-related transactions.

Transaction Limits & Usage

• Daily ATM Cash Withdrawal Limit: Rs. 2,00,000
• Daily Purchase Limit (POS/eCom): Rs. 5,00,000
• Daily Cash Deposit Limit: Rs. 3,00,000
• Withdrawal Frequency: 20 transactions
• International Usage: The card can be used for both domestic and international transactions.
• Contactless Transactions: Up to Rs. 5,000 can be done without a PIN at POS terminals.
• Initial Usage: At the time of issue/re-issue/renewal, all debit cards are enabled only for contact-based points of usage (ATMs and POS devices) within India.
• Enabling Other Channels: Online, international, and contactless transactions need to 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 before it can be used at POS/e-commerce.
• Linked Accounts: A maximum of 9 accounts held in the same name and capacity can be linked to a Debit Card by submitting a request to the base branch.
• ATM Network: Accepted at member banks of National Financial Switch (over 2,40,000+ ATMs in India) and VISA member Bank ATMs worldwide bearing the VISA logo.
• Online Purchases: Can be used for e-commerce transactions.
• Security: Secured ATM and POS/E-commerce transactions.

Fees and Charges

• Issuance Fees: NIL
• Annual Fees: First year free, then Rs. 250/- + Taxes from the second year onwards.
• Re-Issuance Fees: Rs. 200/- + Taxes.
• Other Bank ATM Transactions (Current Account Holders): No free transactions.
• Charges for Debit Card Usage: Charges are subject to change with prior notification to cardholders.

Rewards & Offers

• Business Card Offers: For business card offers, redemption details, and terms & conditions, visit visa.co.in/en_in/visa-commercial-offers/.
• Network Offers: Attractive offers are available on VISA, MasterCard, and RuPay networks.

Account & Eligibility Criteria

• Exclusivity: Exclusively issued to specific current account holders only.
• 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 (RuPay BKCC cards are issued).
  • Individuals maintaining specific OD accounts (RuPay Mudra cards are issued).
• Eligibility Determination: Eligibility is determined by the scheme code and mode of operation used to open the bank customer account.

Debit Card Review

The VISA Vyapaar Debit Card is a strong offering for Bank of Baroda's specific current account holders who require high daily transaction limits for business operations. Its premium features, including high ATM withdrawal and POS/e-commerce limits, contactless payment capability, and international usage, make it a valuable tool for managing business finances. The waiver of the issuance fee and the first year's annual fee adds to its initial appeal. However, users should be mindful of the annual fee from the second year onwards and the need to enable online/international/contactless transactions post-issuance.

Important Product Details

• Card Type: Premium Debit Card
• Network: VISA
• Key Highlights:
  • High cash withdrawal and purchasing limits.
  • Contactless transaction capability.
  • Accepted globally at millions of outlets.
  • No issuance fee.
  • First year annual fee waived.
  • International usage allowed.
• Negative Highlights:
  • Annual fee applicable from the second year.
  • Online, international, and contactless usage channels need to be enabled manually after card issuance.
  • No free ATM transactions at other banks for current account holders.

Other Details

• Agent Services: The Bank may use the services of agents for sales/marketing of its products.
• 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.
• Security Practices (Do's):
  • Use the card for personal use.
  • Change PIN at regular intervals.
  • Ensure card is used in your presence at POS, enter PIN discreetly.
  • Register mobile number for SMS alerts.
  • Conduct ATM transactions in privacy, shield PIN.
  • Collect card, cash, and receipt after transactions.
  • Look for extra devices at ATMs and report suspicious findings.
  • Ensure "Welcome Screen" is displayed at ATM after transaction.
  • Regularly check account statements and report unauthorized transactions immediately after blocking the card.
  • Inform the bank immediately if the card is lost or stolen.
  • Beware of strangers at ATMs.
  • Destroy expired/closed cards by cutting through the magnetic stripe.
  • Verify emails and links for phishing attempts.
  • Ensure website addresses for transactions start with https://.
• Security Practices (Don'ts):
  • Do not give your Debit Card to anyone; surrender to bank officials after destruction if needed.
  • Do not keep a written record of the PIN.
  • Do not disclose Card/PIN details over email, phone calls, or to bank officials.
  • Do not overlook or ignore transaction alerts.
  • Do not write PIN on the card or its cover.
  • Do not share PIN or seek help by revealing it.
  • Do not use easily guessable PINs (e.g., birthday, phone number).
  • Do not leave your card in the ATM.
  • Do not forget to collect dispensed cash.
  • Avoid posting personal information online.
• Hotlisting Debit Card:
  • Contact Centre/Toll-Free Numbers (1800 5700): Follow IVR prompts to block the card by entering account number and last 4 digits of the card.
  • Mobile Banking (bob World App): Login, go to "Cards", select "Debit Card Hotlisting", click "Block Card" for the desired card, enter transaction PIN.
  • WhatsApp Banking (8433 888 777): Say "Hi", select "Block Debit Card", choose card number, confirm.
  • Net Banking (bob World Internet): Login, go to "Services" -> "Service Requests" -> "New Requests" -> "Operative Accounts" -> "Block Debit Card", select card, reason, remarks, transaction password.
  • Nearest Bank of Baroda Branch: Submit a request in person.
• Debit Card Blocking (Wrong PIN):
  • 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.
• Debit Card Non-Renewal Consent: To opt out of card renewal, block the card 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 consent for renewal.
• Accidental Death and Total Disability Insurance (for other RuPay variants):
  • Provided by NPCI for RuPay PMJDY, RuPay Premium Cards (Platinum and Select).
  • Sum Insured for RuPay PMJDY: Rs. 1 lac for Old PMJDY Cards (issued till Aug 28, 2018) and Rs. 2 lac for New PMJDY Cards (issued after Aug 28, 2018).
  • Sum Insured for RuPay Platinum: Rs. 2 lacs.
  • Sum Insured for RuPay Select: Rs. 10 lacs.
• Debit Card vs. ATM Card: A debit card is a multipurpose card for ATM, POS, online, and contactless transactions, while an ATM card is only for ATM transactions.
• Card Usage Frequency: Customers must frequently use the debit card to avoid it being blocked.
• Reasons for Card Not Working: Blocked card, improper swipe, damaged card, inoperative/frozen account, wrong PIN, connectivity failure, or disabled ATM channel.
• Legal Disclaimers: The bank's use of cookies and similar tools is mentioned, with links to their cookie policy, privacy policy, and terms & conditions.