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South Indian Bank Debit Card

South Indian Bank offers a world of comfort, convenience and safety with theirs debit cards. The bank’s debit-cum-ATM cards are accepted for domestic as well as international transactions relieving you of the bother of carrying cash while travelling or shopping. You can use debit cards for booking your airplane tickets, dinning in a restaurant or shopping at malls and stores. You can also use your debit card to pay for fuel.

Type of South Indian Bank Debit Cards

South Indian Bank has different types of debit cards. Each card has different daily withdrawal and shopping limits. Following are the limits for the various debit cards offered by South Indian Bank. While these limits are currently valid, they are subject to change at any time.

Card TypeDaily withdrawal limit in RsDaily shopping limit in Rs
MAESTRO20,0001,00,000
RUPAY CLASSIC20,0001,00,000
VISA CLASSIC20,0001,00,000
MASTERCARD GOLD20,0001,00,000
VISA GOLD30,0001,50,000
VISA PLATINUM50,0002,00,000
RUPAY PLATINUM50,0002,00,000
MASSTERCARD PLATINUM50,0002,00,000

The withdrawal limits for debit cards issued by South Indian Bank in Basic Savings Bank Deposit Account (BSBDA) and juniors accounts

Card TypeDaily Cash withdrawal limit in RsDaily shopping limit in Rs
RuPay Classic15,00025,000
MasterCard Titanium15,00025,000
Visa Classic15,00025,000

According to RBI instructions, all International debit cards have been issued with EMV chip and Pin from 15.11.2013. International debit cards which were issued before 15.11.2013 have reduced withdrawal limit.

Reduced international transaction limits

Card Type Daily Cash Withdrawal Limit in RsDaily shopping limit in Rs
Maestro10,00010,000
MasterCard Gold10,00010,000
Visa Classic10,00010,000
Visa Gold15,00015,000
Visa Platinum15,00015,000

South Indian Bank has issued international debit cards in association with Visa/MasterCard and RuPay with EMV chip and pin. These cards can be used internationally for cash withdrawals and at POS terminals. The day to day transaction limits of these cards are:

Card TypeDaily cash withdrawal limit in RsDaily shopping limit in Rs
RuPay Kisan EMV (only domestic40,0000
RuPay Mudra EMV(only domestic)5,00015,000
RuPay Classic EMV(only domestic)40,0001,00,000
RuPay Classic EMV(international)40,0001,00,000
Visa Classic EMV40,0001,00,000
MasterCard Titanium EMV40,0001,00,000
RuPay Platinum EMV75,0002,00,000
Visa Platinum EMV75,0002,00,000
MasterCard Platinum EMV75,0001,00,000
Visa Platinum EMV NFC1,00,0003,00,000
MasterCard Platinum Business Debit1,00,0003,50,000
MasterCard World EMV1,25,0005,00,000

South Indian Bank has revised the transaction limits of Visa Classic EMV and MasterCard World EMV from 15 November 2015

Domestic and International Transaction limits

Type of CardExisting LimitRevised Limit
Daily cash withdrawal limit in RsDaily shopping limit in RsDaily cash withdrawal limit in RsDaily shopping limit in Rs
Visa Classic EMV20,0001,00,00040,0001,00,000
MasterCard World EMV1,00,0005,00,0001,25,0005,00,000

Charges on Debit Cards :

With all benefits that come with debit cards, there are also a few charges for the services offered.

The charges on MasterCard Titanium EMV, MasterCard Gold, Maestro Visa Classic EMV, Visa Classic magnetic stripe, RuPay Classic EMV, and RuPay Classic magnetic stripe issued on 31st March 2016 is 150 + GST. The charges for cards issued after 1st April 2016 are Rs 200 + GST.

Charges on RuPay Platinum EMV, RuPay Platinum magnetic stripe, Visa Platinum magnetic stripe, Visa Platinum EMV, MasterCard Platinum magnetic stripe are Rs 150+ GST for cards issued by 31st March 2016 and 200 +GST for cards issued from 1st April 2016 onwards. MasterCard World EMV will have quarterly charges of Rs100/-

Features of South Indian Bank Debit Cards

South Indian Bank debit card is internationally accepted and can be used for online shopping, cash withdrawal, payment of utility bills and a lot more. It can be used in millions of ATMs around the world including about 50,000 ATMs in India.

  • Ease of Access :
  • The South Indian Bank debit cards are in association with Visa/MasterCard and RuPay. They have made life more comfortable. They can be used at ATMs and merchant establishments across the country and overseas. You can use debit cards to pay electricity bills, mutual fund, insurance premium, mobile bills, telephone bills and other utility bills. Debit cards can also be used for booking airline, train and movie tickets and purchasing things online.

  • Safety :
  • The debit cards are NFC enabled and backed by the latest technology so you can pay by just waving the card at the counter. This makes the card safe, convenient and easy to use.

  • Other Benefits :
  • Customers, who are part of Prime Platinum, and have personalized South Indian Bank MasterCard World EMV, can get 10% cash back subject to a maximum of Rs 200 on purchases. Three times the reward points will be awarded for using South Indian Bank debit card. There will be no charges for using South Indian Bank debit card at ATMs of other banks irrespective of number of transactions.

What are the benefits of having South Indian Bank Debit Card?

In this day and age when you do not know how much cash you will require at the next instant South Indian Bank debit cards keep you financed at all times. You will never fall short of cash, no matter whether you are in an emergency or at a fine dining restaurant. The relief of not having to worry about carrying sufficient cash is perhaps the biggest benefit of South Indian Bank debit cards.

How secure is the South Indian Bank Debit Card?

All South Indian Bank debit cards have an EMV chips and can be used both locally as well as internationally. The cards are protected with an ATM PIN, which can be used for POS purchases as well. The EMV chip offers further protection as they are secured by Visa and MasterCard. Some transactions may require an OTP in addition to other security, which offers an added layer of security. Therefore, if you are careful not to share your PIN with anyone and not write it on discarded scraps your South Indian Bank debit card is extremely safe to use.

How to apply for South Indian Bank Debit Card?

Getting a South Indian Bank debit card is not at all difficult .If you have a savings, current or overdraft account with South Indian Bank – whether individual account or joint – you can visit their website and fill out the application form for a debit card. If you do not have an account with the South Indian Bank then you will first have to open an account by filling in the account opening form and submitting it at the nearest branch. You will be given a non-personalized debit card immediately. If you want a personalized debit card with your name, you will have to wait for a few days.

FAQs: South Indian Bank Debit Card

(1) Where can I use my South Indian Bank debit cards?

South Indian Bank debit cards can be used for a wide range of services like withdrawing money from ATMs, paying for goods purchased at stores, online purchases, booking tickets and paying of utility bills, dining at restaurants and a lot more.

(2) Is South Indian Bank ATM cum shopping card safe?

Yes, the South Indian Bank ATM cum shopping cards comes with multiple security levels such as PIN, OTP, and password in additional to EMV chips. For more details on how this security works, visit the bank website.

(3) How can I apply for South Indian Bank debit card?

You can either fill in the online application form or get a physical form at a bank branch. If you are not an existing account holder, you will have to open an account with them. Having filled out the form, simply submit it at the nearest bank branch along with your KYC documents.

(4) What is the special benefit of South Indian Bank ATM cum shopping cards?

South Indian Bank ATM cum shopping cards comes with high transaction limits as well as a host of other benefits.

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