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Federal Bank Debit Cards

Federal Bank in association with Visa and MasterCard provides debit cards which are internationally accepted. Most of the POS Terminals round the world accept payments with debit cards. You can also withdraw cash from ATMs around the world using your debit card. Some of the important features of the Federal Bank debit cards are –

  • It is a safe and convenient means of transacting as debit cards are secured with PIN for use in ATMS and POS machines. They are secured with OTP for online transactions.
  • Debit cards offer several discounts, cash backs and reward points all of which make shopping with debit cards relatively cheaper than other methods.
  • You can customize your debit card for shopping limit, withdrawal limit and more.

What are the various kinds of Federal Bank Debit Card?

The following are the different kinds of debit cards offered by Federal Bank

Personal Banking Debit Cards

If you have a personal account in Federal Bank, you can get an internationally accepted debit card from them. Federal Bank provides debit card in association with MasterCard and Visa. These cards can be used in innumerable POS terminals round the world for shopping as well as for cash withdrawals at ATMs.

Shop’ n Save Debit Card

Debit cards have made life a lot easier. Federal Bank offers you an easy way for shopping with Shop’ n Save Debit Card. The shopping limit that this card offers is Rs 50,000/- per day besides a cash withdrawal of Rs. 50,000/- per day. Thus, you get a total limit of R. 1,00,000 per day. These debit cards have a number of benefits such as cash-back, discount with certain merchants, and reward points on making purchases of certain minimum value at select outlets.

Visa Gold Debit Card

Privileged customers with maintaining an account with Federal Bank can get Visa Gold Debit Cards which come with a daily shopping limit of Rs. 1,00,000/-. You can also withdraw cash of Rs. 1,00,000/-. Payment of up to Rs 2,00,000 can be made at POS centers with authentication of signature and pin. Visa Gold Debit Card is accepted at all ATMs within the Visa Global ATM network around the world as well as a large number of stores and retail outlets around the globe.

MasterCard Premium Debit Card

Federal Bank customers with premium features referred to as Fed select can take a MasterCard Premium Debit Card. This is a beautifully designed card with the photo ID of the customer to give it a personalized look and feel. The card can also serve as identification in certain situations. MasterCard Premium Debit Card holders have the freedom of using just one card for all purposes including shopping and ATM withdrawals. Features of this card include –

1. Shopping limit of up to INR 2,00,000

2. Withdrawal limit of up to INR 2,00,000.

3. The total overall limit is INR 4,00,000.

Rupay Classic Debit Card

Rupay is India’s domestic debit card. It is issued by NCPI (National Payment Corporation of India) and is available to all Federal Bank customers. The card is verifiable through a PIN and has the same benefits such as discounts, cash-backs and reward points as other debit cards. Rupay Classic can be used only in India and has a withdrawal as well as purchase limit of INR 50,000 each day. The total overall limit is INR 1,00,000.

RuPay Platinum International Debit Card

The RuPay Platinum International Debit Card is offered to residents as well as NRIs and NREs for use around the world. You can withdraw up to INR 1,00,000 from any ATM or shop at select stores for value up to INR 1,00,000. Other benefits include –

1. Access to 25 lounges in India and 400 lounges around the globe

2. An accident or permanent disability or life insurance of Rs. 2,00,000

3. Discounts at Café Coffee Day, IRCTC and other places.

RuPay Card Insurance Program

All Rupay Platinum Debit Card holders are eligible for insurance cover. You can get insurance cover of Rs. 2,00,000 in case of death due to accident, personal accident and permanent disability.

NRI Debit Cards

The complete range of Federal Bank debit cards is available to NRIs as well as NREs. These are specially designed cards that can be used in all VISA outlets around the globe as well as at millions of ATM kiosks. You must have an account with Federal Bank to become eligible for an NRI debit card.

EMV International Debit Cards

EMV (Europay, Mastercard and Visa) card is a debit card with a chip that allows for better protection. Federal Bank offers a number of debit cards that are EMV branded. Some of the features of the Federal Bank EMV debit card include –

1. Unique Design

2. Better security because of a special chip

3. Better authentication methods

4. They are read using a chip reader rather than a magnetic stripe.

5. They can be used for online shopping and payment – even by merchants.

How secure is the Federal Bank Debit Card?

With the number of transaction frauds, thefts, online frauds and other fraudulent activity on the rise, debit cards are now equipped with EMV chips to ensure safety. This chip processes your confidential information with enhanced security techniques and is virtually fraud proof. However, it is advisable to exercise caution while using your debit card. Do not share information such as PIN, OTP, and password with anyone. Make sure there is nobody glancing over your shoulder at POS when entering your PIN. Never write your PIN on scraps, tissues, and other paper which you are likely to discard casually. Such simple steps can greatly enhance the security of your Federal Bank debit card.

How to Apply for Federal Bank Debit Card

In order to get a Federal Bank debit card, you should first have an account with Federal Bank. You can then apply for debit card in the following ways –

Online

In order to apply online, you must have net banking facility. The online application process is simple. All you need to do is login to your net banking and visit the Forms and Stationery page on the website of the bank. Download the application form from this page, fill it out, and submit it to the nearest branch of the bank.

Offline

If you directly visit a bank branch, the application form is available at the branch offices too. Just request for a form, fill it out and submit it along with all the required documents.

Rates and Charges

Federal Bank charges service fee for all the services offered with debit cards. The following are the fees and charges applicable –

  • When you use your debit card at ATMs of other banks, the first 5 transactions during a month are free.
  • A transaction fee of INR 20 per transaction is charged from the 6th transaction onwards.
  • Non-financial ATM transactions will be charged at INR 10 per transaction.

This is as per the latest bank circular. However charges are subject to change at any time by the bank authorities. Please contact a bank branch for up to date information.

Frequently asked questions: Federal Bank Debit Cards

(1) How do I apply for a Federal Bank debit card?

You can apply for a Federal Bank debit card by visiting the nearest Federal Bank branch. The application form is also available for download on the bank website. If you are an account holder and have net banking facility, you can also apply via net-banking.

(2) How secure is my Federal Bank debit card?

Federal Bank debit cards are protected with PIN (Personal Identification Number). Your card is relatively safe as long as you do not share your PIN with anyone. You can also opt for OTP verification in certain cases. More recently Europay MasterCard and Visa have come together to introduced a chip based card which is considered more secure than other debit cards. This is called the EMV card. To know more visit a branch of Federal Bank.

(3) Who are eligible to apply for Federal Bank debit cards?

Any Indian resident can apply for Federal Bank debit Cards. NRIs, NREs and NROs are also eligible subject to certain conditions.

(4) What are the various interest rates and charges on the Federal Bank debit cards?

Charges and fee applicable vary from one card to another. Please visit the bank website or bank branch for details.

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