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Indian Overseas Bank Debit Card

Plastic money or e-money is gaining popularity in our country in the recent years. This has accelerated many folds after the demonetization activity that happened two years back. The introduction of debit card comes with much convenience and comfort in dealing with financial transactions. One can make utility bill payments, online purchases, cashless facilities and many other benefits.

Features of Indian Overseas Bank Debit Card

Indian Overseas Bank offers many privileges on using their debit cards. At a nominal charge per year, one can enjoy the benefits of using debit card instead of cash. The bank has tied up with Visa/Mastercard/Rupay payment services for its debit card Some of the features of the card are:

  • Online transactions through IOB debit cards are secured with OTP and enhanced security benefits provided by Mastercard or Visa.
  • IOB reward points can be earned on transactions made through debit card.
  • High withdrawal limits on a daily basis and purchase transaction limit make it convenient to use IOB Debit card.
  • 24x7 assistance service in case of any issues with the usage of debit card.
  • SMS alerts help in tracking transactions.
  • GREEN PIN concept wherein one can activate the debit card with the help of OTP for PIN setting. There is no paper communication and visits to ATM to set the PIN as before.
  • Low maintenance charges on annual basis.
  • Replacement and Reissue of debit cards can be done at a very minimal cost.
  • Account holders with the bank are eligible to apply for different types of debit card.

What are the various types of IOB Debit Cards?

TYPE OF CARDTRANSACTION LIMIT per dayOTHER DETAILS
IOB Gold Card

Rs.30,000 Cash withdrawal

Rs.75,000 for purchases

Rs.75,000 for online transactions

Rs.200 for issuing the card

Rs.150 for annual maintenance

IOB Rewardz Points

VbV secured online transactions

IOB Platinum Card

Rs.50,000 Cash withdrawal

Rs.2 lacs for purchases

Rs.2 lacs for online transactions

Rs.250 for issuing the card

Rs.200 for annual maintenance

Emergency cash disbursement

Travel assistance

IOB Rewardz Points

VbV secured online transactions

IOB PMJDY CardRs.10,000 Cash withdrawal

No charge for issuing the card

Rs.100 for annual maintenance

RuPay secured online transactions

IOB Rewardz Points

IOB RuPay Classic Card

Rs.20,000 Cash withdrawal

Rs.50,000 for purchases

Rs.50,000 for online transactions

No charge for issuing the card

Rs.150 for issuing the card

Rs.150 for annual maintenance

RuPay secured online transactions

IOB Rewardz Points

Personal Insurance Cover

IOB Signature Card

Rs.50,000 Cash withdrawal

Rs.2.7 lacs for purchases

Rs.2.7 lacs for online transactions

Rs.350 for issuing the card

Rs.750 for annual maintenance

VbV secured online transactions

Airport lounge access

IOB Rewardz Points

Offers on retail, dining, travel, golf and entertainment

Global acceptance at merchant outlets and ATM

IOB SME VISA

Rs.50,000 Cash withdrawal

Rs.1 lac for purchases

Rs.1 lac for online transactions

Rs.150 for issuing the card

Rs.100 for annual maintenance

IOB Rewardz Points

VbV secured online transactions

IOB VISA Classic

Rs.20,000 Cash withdrawal

Rs.50,000 for purchases

Rs.50,000 for online transactions

Rs.100 for issuing the card

Rs.150 for annual maintenance

IOB Rewardz Points

VbV secured online transactions

IOB Mastercard

Rs.20,000 Cash withdrawal

Rs.50,000 for purchases

Rs.50,000 for online transactions

Rs.100 for issuing the card

Rs.150 for annual maintenance

Master Secure online transactions

IOB Rewardz Points

How secure is the Indian Overseas Bank Debit Card?

With increased usage of cards for financial transactions, there is an increase in skimming and theft of money through these cards. IOB offers maximum security on its debit cards as it is based on chip technology. It processes the personal data on the card with utmost confidentiality and tamper proof. It also helps in preventing misuse of the card through enhanced security features offered by Mastercard /Visa for online payments.

FAQs: Indian Overseas Bank Debit Card

(1) What is IOB Rewardz?

It is an exclusive loyalty program created by the bank for Debit card holders wherein one can earn rewards points every time the debit card is used.

(2) What is Green PIN?

IOB has introduced a unique facility of Green PIN wherein the Debit card PIN can be set with the help of OTP and without paper details being sent to the cardholder. This makes the process easier and environment friendly.

(3) Who all are eligible for Green PIN?

All existing and new debit cardholders of IOB are eligible for Green PIN.

(4) How can I apply for a debit card?

One can visit the bank personally and submit an application form for debit card and the required supporting documents to get a debit card.

(5) What are the transaction charges while using IOB debit card?

There are no transaction charges while using IOB debit card.

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