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A debit card is commonly referred to as plastic money or as a bank card. It is a payment card that can be used to make payments for purchases without needing to use actual cash. It is very similar to a credit card except the money is instantly deducted or transferred from the cardholder’s bank account when a transaction is made. A debit card can be used to withdraw money from ATMs also if needed. The use of debit cards is becoming increasingly common across the world. With the advent of the debit card standing at long ATM queues, waiting in line to make utility bill payments and the fear of robbery in the city are all done away with. In addition to all this, a Debit Card has many more features such as cashbacks, discounts, partner tie-ups, airport lounge access, reward points and so on.
About Karur Vysya Bank Debit Card
Karur Vysya Bank offers three debit cards to its customers.
Fees and charges
ATM withdrawal limit is Rs.1 lakh.
Daily transaction limit at merchant establishments is Rs.1.5 lakhs.
(1) What is the transaction limit on Pride Platinum Debit card?
ATM withdrawal limit is Rs.1 lakh per day, whereas, daily transaction limit at merchant establishments is Rs.1.5 lakhs per day.
(2) What is the charge for ATM international transactions?
ATM international transactions are chargeable as Rs. 125/- for a financial transaction and Rs. 25/- for a non-financial transaction.
(3) What are the different debit cards offered by Karur Vysya Bank?
There are three debit cards that are offered by Karur Vysya Bank. They are Debit Card for Savings/Current Account, Prestige Debit Card and Pride Platinum Debit Card.
(4) Who are eligible to apply for Prestige Debit Card?
Prestige Debit Cards is issued specifically to Prestige Account holders in Karur Vysya Bank. It caters to the needs of the high net-worth individuals who have prestige savings bank accounts.
(5) How much is given for personal accident insurance for the Pride Platinum Debit Card?
There is a personal accident insurance coverage of Rs.5 lakhs for Pride Platinum Debit Card.
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