Iob Classic Debit Card - Benefits, Charges and Eligibility

IOB Classic Debit Card is a basic card issued on VISA platform by Indian Overseas Bank for its account holders. It provides all standard features of a debit card. It is issued free of charge to the card holders.

Iob Classic Debit Card Features

• Issued on VISA platform
• Cashless Shopping
• Can be used at 30000 + ATMs of various banks
• Daily cash withdrawal limit: Rs.20000
• Daily shopping/online transaction limit: Rs. 50000
• Secured Online Transactions verified through VISA

Iob Classic Debit Card Eligibility

All SB accounts, CD/CC accounts in the name of individuals or Proprietary concerns. Existing eligible customers can also upgrade the accounts to apply for this card.

Iob Classic Debit Card Fees & Charges

• The Card will be issued free of cost to primary and joint holders free of cost for the first year
• Second Year Onwards Annual Fee: Rs. 100/- plus applicable taxes
• Re-issue of PIN: Rs. 20/-
• Replacement/Re-issue of Lost/Damaged: Rs. 100/-
• PoS/Ecom Transactions: Nil

Iob Classic Debit Card Benefits

• No issuance charges
• Higher withdrawal and transaction limit
• Quick and secure access for funds
• Travel Assistance - Air Ticket booking various International Travel Agents using a Toll Free Telephone provided by VISA
• Eligible for IOB Rewardz points for usage through PoS / Ecom channels

Iob Classic Debit Card How to Apply

1. Contact your Branch.
2. If you don't have saving or Current Account, first open your account.
3. Get the Debit Card Application form from the Branch, fill it up and submit it to your Branch.
4. You will receive your Insta Debit Card & PIN (Personal Identification Number) at the time of submission of the application form.
5. In case of named Debit Card, the card will be delivered to the customer's residential address. The PIN will have to be collected from the respective Branch.
6. The customer has to activate the Insta Debit card after 24 hours from the receipt of the card by withdrawing cash from Dena Bank ATM.

Iob Classic Debit Card Documents Required

• Proof of Identity : Aadhaar Card/ PAN Card/ Passport Driving License/ Voter ID Card
• Proof of Address : Aadhaar Card/ Driving License/ Ration Card/ Voter ID Card/ Passport
• Passport sized photographs

What is EMV-Chip Based Debit Card?

EMV stands for Europay MasterCard and Visa, who developed this technology. EMV-chip based debit cards are the debit cards which have embedded microprocessor chip that stores and protects cardholders' information/ data. It uses enhanced security features to protect the important date of the card holders and discourages card's unauthorized usage.

EMV-chip based debit card generates fresh user data every time the user transacts. Therefore, it is impossible for hackers/ fraudsters to steal the information or copy the original data from any card. Further, EMV technology uses your debit card as well as PIN to complete any transaction.

What is a Contactless Debit Card?

Contactless debit card is a sensor embedded new age debit card that works on Near Field Communication (NFC) Technology using Radio Transmission to ascertain contact when the card is brought near a terminal. This enables the customers to make payments up to Rs.5,000 without swiping their cards & entering a PIN.

Benefits of a Contactless Card

• Fast & Convenient
• Safe & Secure
• No chance of losing or misplacing it

The Reserve Bank of India (RBI) has asked all banks in the country to replace magnetic-strip debit/ credit cards with EMV-chip based cards by 31 December 2018 as magnetic cards are quite vulnerable to skimming. Banks have already replaced the existing magnetic strip debit/ credit cards with latest EMV chip cards. Banks will provide it free of cost.

About Debit Card

• Overview of Debit Card
• Guidelines for DC Operations
• Important Steps for DC
• Precautions for ATM Operations
• How to Protect your PIN Number
• Pros and Cons of DC
• Usage of ATM Do's & Don't

Types of Debit Card

• Contactless Debit Card
• Maestro Debit Card
• Mastercard Debit Card
• Rupay Debit Card
• Visa Debit Card
• Visa Electron Debit Card

Debit Card By Banks

• Allahabad Bank
• Andhra Bank
• Axis Bank
• Bandhan Bank
• Bank Of Baroda
• Bank Of India
• Bank Of Maharashtra
• Canara Bank
• Catholic Syrian Bank
• Central Bank Of India
• City Union Bank
• Corporation Bank
• Dcb Bank
• Dena Bank
• Dhanalakshmi Bank
• Federal Bank
• Hdfc Bank
• Icici Bank
• Idbi Bank
• Idfc First Bank
• Indian Bank
• Indian Overseas Bank
• Indusind Bank
• Jammu And Kashmir Bank
• Karnataka Bank
• Karur Vysya Bank
• Kotak Mahindra Bank
• Laxmi Vilas Bank
• Oriental Bank Of Commerce
• Punjab And Sind Bank
• Punjab National Bank
• South Indian Bank
• State Bank Of India
• Syndicate Bank
• Tamilnad Mercantile Bank
• The Nainital Bank
• Uco Bank
• Union Bank Of India
• United Bank Of India
• Vijaya Bank
• Yes Bank

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