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  • MasterCard Business Debit Card – Axis Bank

    Axis Bank MasterCard Business Debit Card Overview

    If you own a business, having a separate bank account for the business will simplify bookkeeping and financial management. Axis Bank MasterCard Business Debit Card will help you manage your business more efficiently and also will make your purchases and business transactions more rewarding. This card comes with added benefits and features that will help business owners manage the expenditure without any hassles. The MasterCard Business Debit Card comes loaded with advantages like enhanced transaction limits, insurance benefits and affordable fees & charges that will greatly simplify the business transaction processes.

    Features and Benefits of Axis Bank MasterCard Business Debit Card

    The following benefits that come with the MasterCard Business Debit Card will delight business owners.

    • Higher Transaction Limits

    • Cardholders enjoy an enhanced purchase limit of Rs.40,000 and cash withdrawal limit of Rs.40,000 per day. This will ensure that you never face the problem of transaction limits when it comes to making business transactions.
    • Enhanced Insurance Protection

      The Axis Bank MasterCard Business Debit Card comes with an array of insurance benefits that will protect the cardholder against various risks. What more - the insurance benefits come at no extra cost.

    • Personal Accident Insurance

      In case of unfortunate event of cardholder’s death in an accident, the beneficiaries will get up to Rs.2 lakh as accident benefit.

    • Zero Lost Card Liability

      All MasterCard Business Debit Cardholders will be insured against fraudulent use of card in case the debit card is lost, stolen or misplaced.

    • Purchase Protection Benefit

      All consumer goods purchase using the MasterCard Business Debit Card will be offered purchase protection against risks like fire, housebreaking and natural calamity for up to 90 days from the date of purchase.

    Axis Bank MasterCard Business Debit Card Offers

    Cardholders get to earn cashbacks and amazing discounts when they use the MasterCard Business Debit Card on select e-commerce portals and online travel portals. Do enquire with Axis Bank on offers that you are eligible for.

    Eligibility for Axis Bank Smart Privilege Debit Card

    To get a Axis Bank Smart Privilege Debit Card, you must hold a business current account with Axis Bank.

    Documentation for Axis Bank MasterCard Business Debit Card

    Mandatory Documents

    • Proof of Address - Electricity bill, telephone bill etc
    • Proof of Identity - Voter ID, PAN card, driving license, passport etc

    For Partnership Firms

    • Shop and Establishment Certificate
    • Registration Certificate
    • Partnership Deed
    • Letter of approval from all partners to open and operate the current account.

    For Trusts

    • Copy of registration certificate and trust deed
    • List of all trustees with residential address. Also, approval letter must be obtained from all trustees for opening and operating current account
    • Bye-laws of the trust

    For Proprietorship Concerns

    • Letter of HUF duly signed by co-parceners and Karta
    • PAN, Form 60 or GIR
    • Names of all karta with residential address and photographs
    • Copy of letter of proprietorship
    • Certificate from Statutory body, trade license, sales tax or state Government as applicable

    For Public or Private Limited Companies

    • Form 60, GIR No or PAN
    • List of all directors with photographs and residential address
    • Articles of association and memorandum
    • certificate of commencement of business and incorporation
    • Authorization from board for opening and operating of current account

    To know more about the comprehensive list of documents required for the MasterCard Business Debit Card from Axis Bank, contact the bank in person.

    Fees and Charges for Axis Bank MasterCard Business Debit Card

    Annual debit card charges

    Rs.150

    Issuance Charges

    Rs.150

    Card Replacement Charges

    Rs.150

    Generation of duplicate PIN

    Rs.50

    Domestic balance enquiry at Axis Bank ATMs

    Free

    Domestic balance enquiry at other Bank ATMs

    Rs.8.5 per transaction

    Domestic cash withdrawal at Axis Bank ATMs

    Free

    Domestic cash withdrawal at other Bank ATMs

    Rs.20 per transaction

    International Balance Enquiry

    Rs.25 per transaction

    International Cash Withdrawal

    Rs.125 per transaction

    IRCTC

    As prescribed by IRCTC

    FAQs

    Q. Do I incur any fuel surcharge when I use my MasterCard Business Debit Card for fuel transaction?

    A. Yes, a fuel surcharge of 2.5% will be charged when you make a fuel transaction using the card.

    Q. How many free transactions per month are allowed in other bank ATMs?

    A. No free transactions are allowed in other bank ATMs. Cardholders will be levied a nominal charge when they use their cards for balance enquiry and cash withdrawal at other bank ATMs.

    Q. What is the purchase protection and lost card liability cover offered?

    A. Cardholders are eligible for a combined purchase protection and lost card liability of up to Rs.40,000.

    Q. I accidentally misplaced my card. How do I activate the zero lost card liability feature?

    A. You will have to communicate the loss of debit card by calling Axis Bank customer service after which you will be automatically insured against fraudulent transactions.

    Q. I met with an accident a week ago. Will I able to get personal accident insurance benefits?

    A. Yes, you will have to file a report to Axis Bank within 60 days of accident.

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