Bank of IndiaBank of India Master Bingo Debit Card – Benefits, Fees & Eligibility
Is the Bank of India Master Bingo Debit Card Right for You?
The Bank of India Master Bingo Debit Card is best suited for users who prioritize Everyday Use, Shopping. With an issuance fee of Lifetime Free and an annual maintenance charge of Lifetime Free, this card offers free entry for new applicants. It offers Reward Points as its primary reward mechanism, with a rewards rate of Earn Star Points on POS and e-commerce transactions.
Key Card Details
Lifetime Free
Lifetime Free
Reward Points
Earn Star Points on POS and e-commerce transactions
₹15,000 per day
₹25,000 per day
Notable Perks
Account Requirement
Requires youth-focused account for ages 15-25
Things to Consider
Low daily ATM withdrawal limit of just Rs. 15,000
Restricted to domestic usage only, not valid for international spends
Limited daily POS and e-commerce limit of Rs. 25,000
Benefits & Features
Rewards Rate
Earn Star Points on POS and e-commerce transactions
Reward Type
Reward Points
Daily ATM Withdrawal Limit
₹15,000 per day
Daily POS/Online Spend Limit
₹25,000 per day
Account Requirement
Requires youth-focused account for ages 15-25
Fees & Charges
Issuance Fee
Lifetime Free
AMC Fee
Lifetime Free
Pros & Cons
Pros
Key benefits and features of this card.
Contactless payment feature for quick, PIN-free transactions up to Rs. 5,000
Tailored for students and youth with accessible age-based eligibility
Earn reward points (Star Points) on everyday POS and online purchases
Cons
Key drawbacks and limitations of this card.
Low daily ATM withdrawal limit of just Rs. 15,000
Restricted to domestic usage only, not valid for international spends
Limited daily POS and e-commerce limit of Rs. 25,000
Product Details
Contactless Mastercard for tap-and-pay convenience
Designed exclusively for students and youth aged 15-25
PIN-free payments for contactless transactions up to Rs. 5,000
Valid for domestic usage only
Earn Star Points on POS and e-commerce spends
Benefits & Features
Rewards Rate
Earn Star Points on POS and e-commerce transactions
Reward Type
Reward Points
Daily ATM Withdrawal Limit
₹15,000 per day
Daily POS/Online Spend Limit
₹25,000 per day
Account Requirement
Requires youth-focused account for ages 15-25
What matters, explained clearly
Introduction
The Master Bingo Debit Card is a contactless debit card issued by the bank, designed exclusively for students and youth. It is intended for domestic usage and offers a straightforward banking experience with the added benefit of earning reward points on transactions. The card is linked to specific youth-focused account tiers and provides a simple, PIN-free payment option for smaller purchases.
Transaction Limits & Usage
- Daily ATM Withdrawal Limit: Rs. 15,000 per day.
- Daily POS & E-commerce Limit: Rs. 25,000 per day.
- Contactless Transaction Limit: No PIN is required for contactless transactions up to Rs. 5,000 per transaction. A PIN is mandatory for all contactless transactions above Rs. 5,000.
- Contactless Transaction Frequency: A maximum of three contactless transactions are allowed per day.
- Usage Scope: The card is valid for domestic usage only.
Fees and Charges
- For a detailed schedule of charges, please refer to the bank's official Digital Banking Products document (Annexure-VII).
Rewards & Offers
- Reward Points: Cardholders earn Star Points for transactions made at Point of Sale (POS) terminals and through e-commerce.
Account & Eligibility Criteria
- Age Requirement: The card can be issued to youth between the ages of 15 and 25 years.
Important Product Details
- The card is a contactless Mastercard.
- It is exclusively designed for students and young individuals.
- Contactless payment limits are subject to change in the future by the Reserve Bank of India (RBI).