Major banks levy charges to the tune of 200-Rs 300 towards reissuance of certain types of debit cardsDo you carry a debit card or ATM cardTop banks today, such as SBI (State Bank of India), HDFC Bank, ICICI Bank and Axis Bank, charge different fees for a variety of services related to debit cards or ATM cards.
A debit card enables a bank customer to perform a variety of tasks, ranging from cash withdrawal at an ATM to payment at a Point of Sale (PoS) - let's say a petrol pump - to online payment towards shopping via e-commerce.
A debit card may be issued free of cost, or against a certain charge, and/or may have an annual fee, depending on the bank and type of card.
For example, top banks such asState Bank of India (SBI), ICICI Bank and HDFC Banklevy charges in the range of Rs 200 to Rs 300 plus applicable GST towards reissuance of debit card, should you lose a debit card or ATM card.1.
Debit card charges you have to pay for issuance of debit cardSBI charges a fee of Rs50 plus GST forregeneration of PIN for a debit card through a branch, according to the bank's website - sbi.co.in.
(SBI raises fixed deposit interest rates)ICICI Bank has set a fee of Rs25 as debit card PIN re-generation charges.
These charges are"not applicable if requested through Instapin at branch/customer care (IVR)", according to the bank's website - icicibank.com.HDFC Bank charges a fee of Rs50 for generation of ATM PIN.
However, there are no charges applicable to customersgenerating aninstant pin, wherein the customer sets up the PIN using net banking or mobile banking, according to the bank's website -hdfcbank.com.Axis Bank charges an issuance fee of Rs 200 for itsVisa Classic/Platinum debit card, according to the bank's website - axisbank.com.2.
Annual maintenance charges you have to pay for debit cardSBI charges a fee of Rs 125 towards annual maintenance of its Classic debit card.Except its Coral debit card, ICICI Bank charges no fee towards annual maintenance charge for its debit cards.
For the Coral debit card, the bank charges a joining fee of Rs.
499 and an annual fee of the same amount.For its Platinum debit card, HDFC Bank charges a fee of Rs750 as annual renewal fee.Axis Bank charges Rs150 asannual fees for its Visa Classic/Platinum debit card.3.Bank charges you have to pay towards reissuance/replacement ofdebit card SBI charges a fee of 300 forreplacement of a debit card, according to the bank's corporate website.HDFC Bank levies a fee of Rs 200 towards replacement or reissuance of a debit card, according to the bank's website.ICICI Bank charges a fee of Rs200 per card towardsreplacement of card in case of lossor damage, according to its website.Axis Bank charges a fee ofRs 200 for replacement of aVisa Classic/Platinum debit card, according to its website.Applicable taxesThe charges - relating to all three categories - exclude applicable taxes, the banks mentioned separately on their websites.