Debit Card Charges When we open a bank account, we get the option of getting a debit card. Let us tell you that the debit card is called ATM card. Currently, we use debit card for cash or for online shopping. The bank charges us many types of charges on the debit card.
Debit Card Charges: Debit Card is also known as ATM Card. In today’s time, this card has become very important for money transactions.
We also use it for shopping, cash withdrawal or UPI payment. While opening a bank account, we also have the option of getting a debit card.
Many types of charges are levied by the bank on the debit card, about which many people are not aware. The rates of these charges are different for all banks. Today in this article we will tell you how many types of charges the bank levies on the debit card and how all these charges are paid.
Maintenance Charges
The bank charges an annual maintenance charge from the customers. It usually ranges from Rs 100 to Rs 500. The rates of this charge are different in all banks.
Card Replacement Charges
Many times we have to replace the ATM card due to some damage. The bank also charges for replacing the card. However, many banks waive this charge in case of physical damage. If the ATM card is lost, then the bank charges Rs 200. The bank charges between Rs 100 and Rs 300 from the customer as card replacement charge.
PIN re-generate fee
If you forget your ATM card’s PIN, you have to pay a fee to re-generate it or make a duplicate PIN. Usually the bank charges Rs 50 to Rs 100 for this.
Cash withdrawal charge
If we withdraw cash from the ATM of the bank whose card we have, then we do not have to pay any fee. There is not even any limit for cash withdrawal. On the other hand, if we withdraw more cash from another bank’s ATM, then we have to pay a charge of Rs 10 to Rs 30 on every transaction.
International transaction charge
If we make any payment abroad through debit card or withdraw cash from ATM, then we have to pay international transaction charge. These charges are different for all banks.
POS fee
No extra charge is levied on any purchase made through debit card, but if you use debit card for fuel transaction then you have to pay 1 percent cess i.e. surcharge.
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