The Curious Case of Debit CardsGroup 4

Video

WHAT ARE DEBIT CARDS?

• Plastic Card

• Allows access to your bank account.

• Real time transfer of funds.

• Online-Offline-Electronic Purse Card System

• Prepaid Debit Cards

ABOUT

• State owned bank.

• Headquartered in Vadodora.

• Founded in 1908.

• Second largest bank in India.

• Net worth - Rs. 3.58 trillion.

POLICIES

• WHO CAN HAVE IT?

• HOW DO YOU ACTIVATE IT?

• WHERE CAN IT BE USED?

• WHAT HAPPENS WHEN YOU LOSE IT?

• WHAT ARE THE VARIOUS CHARGES AND FEES?

TYPES OF CARDS AND LIMITS (PER DAY)

DIFFERENTIATOR PoS ATM

VISA ELCTRON CLASSIC 50,000 25,000

NON-PERSONALISED DEBIT CARD WITHOUT PERSONAL IDENTITY 50,000 25,000

MASTERCARD GOLD PREMIUM 1,00,000 50,000

RUPAY CARD SECURITY 50,000 25,000

RUPAY EMV CHIP CARD SECURITY+INTERNATIONAL 2,00,000 1,00,000

VISA EMV CHIP CARD PREMIUM+INTERNATIONAL 2,00,000 1,00,000

ABOUT

• Private sector bank.

• Headquartered in Mumbai.

• Founded in 2004.

• Fourth largest bank in India.

• Net worth - Rs. 603.6 billion.

POLICIES

• WHO CAN HAVE IT?

• HOW DO YOU ACTIVATE IT?

• WHERE CAN IT BE USED?

• WHAT HAPPENS WHEN YOU LOSE IT?

• WHAT ARE THE VARIOUS CHARGES AND FEES?

TYPES OF CARDS AND LIMITS (PER DAY)

DIFFERENTIATOR

PoS ATMPIN

REGENERATION

ANNUAL FEE

BUSINESS GOLD DEBIT CARD CLASSIC 1,00,000 1,00,000 50 349

YES FIRST BUSINESS GOLD DEBIT CARD

BUSINESS PREMIUM 2,00,000 2,00,000 FREE NIL

PLATINUM DEBIT CARDAIRPORT LOUNGE ACCESS

1,00,000 1,00,000 50 349

YES FIRST GOLD DEBIT CARD PREMIUM 1,00,000 1,00,000 FREE NIL