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Bank of India Debit Card

Debit card has changed the face of Indian economy, it is dubbed as the plastic card. It has been a key enabler for cashless transaction in the economy. Debit cards have enabled the cardholder to lighten the wallet. Debit cards are issued by banks in association with Visa or Mastercard. They are provided as part of the account opening kit to the account holder. There are various types of debit cards issued by the bank, depending on the limit and suitability, an eligible account holder may choose the right debit card.

What is a debit card?

A debit card is also referred to as plastic card or check card. It can be used at multiple points of sale including petrol pump, merchant outlets (online and offline), payment of utility bills etc., It is similar to that of credit card, however, in credit card, the bank allows the card holder to use the card at points of sale without actually holding as much cash in the account with the bank, it is an arrangement where the bank allows the cardholder to swipe the card at outlets by offering a short-term credit or loan. The card holder will be required to make the payment in the subsequent billing cycle. The debit card is like a pre-paid card, wherein the card is linked to savings bank account, the card can be swiped based on fund availability in the savings bank accounts.

Debit Cards issued by Bank of India

There are multiple cards issued by Bank of India, the debit cards come in 3 variants –

Mastercard, Visa and RuPay.

Mastercard Category

Under Mastercard, the following debit cards are issued by the bank –

Mastercard Titanium

Key features of Mastercard Titanium are -

  • For Domestic and International usage
  • ATM Daily Transaction Limit of Rs.25,000 and POS Usage daily Limit of Rs.25000
  • POS Usage daily Limit is Rs.25000
  • The card can be issued to all SB, current and OD account holders

Mastercard Platinum

Key features of Mastercard Platinum are –

  • For Domestic and international Usage
  • ATM Daily Transaction Limit of Rs. 50000 domestically and equivalent of Rs 50000 abroad
  • POS Daily Transaction Limit of Rs. 100000 Domestically and equivalent of Rs 100000 abroad
  • Cash Withdrawal Charges Abroad – Rs.125 Plus 2% Currency Conversion Charges
  • Balance Enquiry Abroad- Rs.25
  • Merchant Transaction Abroad at POS: 2% Currency Conversion charges
  • One complimentary lounge visit per quarter at airport lounges in India

Mastercard Business

Key features of Mastercard Business are –

  • Exclusive card for current account holders
  • For Domestic and international Usage
  • ATM Daily Transaction Limit of Rs.1,00,000 domestically and equivalent of Rs.1,00,000 abroad
  • POS and ecommerce Daily Transaction Limit of Rs. 2,50,000 Domestically and equivalent of Rs. 2,50,000 abroad
  • Cash Withdrawal Charges Abroad – Rs.125 Plus 2% Currency Conversion Charges
  • Balance Enquiry Abroad- Rs.25

Mastercard Bingo

Key features of Mastercard Bingo are -

  • Exclusively for students
  • Option of TOD facility up to Rs.2,500
  • The Master Bingo Card can be issued to youth between the ages of 15 years to 25years

Visa Category

Under Visa category, the following cards are issued by the bank –

Visa Classic Debit Card

Key features of Visa Classic Debit Card –

  • For domestic and international usage
  • Maximum limit of cash withdrawal is Rs.25,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS
  • The card can be issued to all SB, current and OD account holders

Visa Platinum Contactless Debit Card

This card is also called - Visa platinum "fast forward" contactless international debit card.

  • Platinum Card – No change in the eligibility of Platinum cards
  • No PIN is required up to Rs. 2000/- per contactless transaction.
  • PIN is mandatory for all the transactions above the value of Rs.2000/- per transaction
  • Maximum transaction limit is up to Rs. 2000/- for the contactless mode.
  • Number of contactless transactions allowed per day – Three Transactions
  • Daily Limits –POS usage – Rs.1 Lac; From ATM – Rs.50,000/-

In addition, the contactless debit card can be used for other purposes like any other Debit Card for -

  • ATM cash withdrawal,
  • Shopping at merchant outlets
  • Secure and safe online shopping

Charges applicable on Visa Platinum card are as mentioned below –

ParticularsCharges
Issuance ChargesRs. 200
Annual Maintenance ChargesRs. 150
Card Replacement ChargesRs. 150

Visa Business Cards

Key features of Visa Business Cards are -

  • Exclusive card for current account holders
  • For Domestic and international Usage.
  • ATM Daily Transaction Limit of Rs.1,00,000 domestically and equivalent of Rs.1,00,000 abroad
  • POS and ecommerce Daily Transaction Limit of Rs. 2,50,000 Domestically and equivalent of Rs. 2,50,000 abroad
  • Cash Withdrawal Charges Abroad – Rs.125 Plus 2% Currency Conversion Charges
  • Balance Enquiry Abroad- Rs.25

RuPay Category

Under RuPay debit card category, the following cards are issued by the bank –

Rupay cards are valid only in India.

RuPay Classic Debit Card

  • It can be issued to any account
  • It can be used in ATM, POS and for online payments (e-commerce)
  • Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS

Rupay Platinum Debit Card

  • Chip Based Card for both Domestic and international Usage.
  • ATM Daily Transaction Limit of Rs. 50000 domestically and equivalent of Rs 50000 abroad.
  • POS Daily Transaction Limit of Rs. 100000 Domestically and equivalent of Rs 100000 abroad.
  • Free Lounge Access (2 per quarter) in selective Domestic Airport.
  • Rupay EMV Platinum Card can be issued to all Staff/EX-Staff members with NIL issuance charges and NIL Renewal Charges
  • No requirement for maintaining AQB balance for issuance of Rupay Platinum Debit Card.

Sangini Debit Card

  • Sangini Debit Card is Bank of India’s first debit card exclusively designed for Women.
  • Provided for women above 18 years
  • It is a Personalized Magstripe Debit Card, issued under RuPay platform
  • This card is valid for 5 years
  • You can use this Card at any domestic acquiring systems like ATM or POS machines accepting RuPay Cards
  • You can use Sangini Debit Card for e-commerce transactions on the Internet for on-line shopping, buying travel or movie tickets, paying your bills and much more

Dhan Aadhaar Card

  • Debit card issued on RuPay platform with the UID number given by Government of India
  • Biometric Authentication through UIDAI for micro ATM and pin-based authentication on ATMs
  • It is having the Card Holders Photo
  • Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS

RuPay Kisan Card

  • It can be issued to account of farmers
  • It can be used only in ATM. It will be enabled at POS, as and when enabled by NPCI
  • Maximum limit of cash withdrawn is Rs.15,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS

RuPay Mudra card

  • For all eligible beneficiaries of MUDRA Loans under PMMY.
  • Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS
  • Personalized card in the name of the Firm
  • Will cover cash credit or current deposit account
  • Presently Magstripe card will be issued
  • Insurance coverage Rs. 1 Lac as applicable to RuPay Card
  • Transaction charges are applicable from 1st transaction onwards

RuPay Punjab Arthia card

Rupay Punjab Arthia card is only applicable for Punjab food procurement project whereby cards are issued to Arthias with unique Code provided by competent authority.

RuPay – PMJDY

Key features of this card are as mentioned below -

  • RuPay Debit card given to all those who are not having banking accounts so far by opening account in their name.
  • Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
  • Maximum amount that can be withdrawn per day is Rs.25,000 in POS
  • This card will not work on e-commerce.
  • Personal Accident Coverage of Rs. 1 Lac and Rs 30000 for Life Insurance available.

Frequently asked questions: Bank of India Debit Cards

(1) How to use contactless debit card?

Below is the process for using contactless debit card -

  • Customer has to look at the contactless symbol/logo at the point of sale.
  • The cashier enters the purchase amount into the NFC terminal. This amount is displayed on the NFC terminal reader.
  • When the first green link blinks, customer should hold the card over the reader at close range (less than 4 cm from where logo appears).
  • Four green lights appear when the transaction is complete. This takes no longer than half a second. The customer can choose to have a receipt printed, but this is optional.
  • The default account linked to the beneficiary card shall be debited for the funds.
  • PIN authentication will be by-passed for low value transactions up to Rs. 2000/-.
  • Beyond this transaction limit, the card will be processed as a contact payment and authentication with PIN will be mandatory
  • Transaction are permitted on non- NFC terminals with PIN authentication.

(2) When is debit card hot-listed?

If the card is lost or misplaced, the cardholder can hot-list the card, where in the card will be disabled and cannot be used for transactions or withdrawal of any kind.

(3) How to hot-list a debit card issued by Bank of India?

You can contact the customer care support of Bank of India to hotlist the debit card.

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