Whoever said wishes don’t come true hasn’t explored our offers!
  • Indian Overseas Bank Debit Card

    Indian Overseas Bank Debit Card
     0.0 / 5.0   by 0 users
    Used this product? Write a review >>

    Overview of Indian Overseas Bank Debit Cards

    Indian Overseas Bank is a key public sector bank headquartered in Chennai and boasts of over 3350 regional branches over which one third are in Tamil Nadu. Debit card is but a plastic-wonder that freely transmits personal monetary data to store records and others. IOB bank is known for setting up stringent online security to protect data and resources from vulnerable networks. Let us take a look at the debit card services offered by the Indian Overseas Bank. The range of services and user-friendliness is not something that is easily fathomable.

    Types of IOB Debit Cards

    • IOB Gold Debit Card
    • IOB Rupay Kisan Debit Card
    • IOB VISA Connect Debit Card
    • IOB Signature Debit Card
    • IOB SME Visa Debit Card
    • IOB Rupay Classic Debit Card
    • IOB Classic Debit Card
    • IOB Platinum Debit Card

    i. IOB Gold Debit Card

    Features & Benefits:

    Eligibility Criteria

    Every SB accounts and CD/CC account holder

    Average Balance – INR 50,000

    Money withdrawal limit per day

    INR 30,000

    Shopping limit per day (card swiping)

    INR 75,000

    Internet transaction usage limit per day

    INR 75,000

    Card issuance fee

    INR 150

    Yearly charges

    INR 100 plus taxes from the 2nd year

    Replaced or re-issued card in case of theft or damage

    INR 100

    Re-issuing of PIN

    INR 20

    Fund Dealings at IOB ATMs

     

    Monetary and non-monetary dealings

    0

    Transactions at Other Bank ATMs

     

    First 5 withdrawals (only 3 transactions permitted in 6 metros)

    Charged from the 6th transaction (4th in metros)

    0



    INR 20

    Fee charged from the first transaction for CD/CC accounts

    INR 20

    Charges for PoS/Ecom payments

    0

    Safe Online Transactions via

    Verified By Visa (VBV)

    Added perks for PoS/Ecom transactions

    IOB Rewardz points as applicable

    ii. IOB Rupay Kisan Debit Card:

    Features & Benefits:

    Purpose

    To handle investment and credit needs of agriculturalists.

    Investment credit requirement and related activities.

    Rotating Credit for harvests & for related activities

    Eligibility Criteria

    Prevailing farmer customers & also the future farmers

    Sum

    Loan sum or limit decided based on the cropping pattern, Finance scale for the crop and the level of farming.

    Margin

    Up to INR 1 lac - Nil

    More than INR 1 lac - 15 to 25 percent

    Security/ Collateral

    Up to INR 1 lac - Estimation of yield made out of loan.

    More than INR 1 lac - Appropriate Collateral or TPG at the will of the Bank as well as the above.

    Settlement of funds

    Tenure – Up to 5 years

    Holiday (Exempted) Phase

    Based on the asset earned

    Card validity

    5 Years

    iii. IOB VISA Connect Debit Card:

    Features & Benefits:

    Eligibility Criteria

    Every Current & Saving Bank Account users

    Age group of 10-28 years

    Sole or joint account

    Money withdrawal limit per day

    INR 20,000

    Shopping usage limit at any or more PoS per day

    INR 50,000

    Fee for card issuance for issuance of Card

    0

    Yearly Maintenance charges

    0

    To replace or re-issue lost or ruined card

    INR 100

    To get your PIN re-issued

    INR 20

    Transactions (financial or otherwise) at IOB ATMs

    Nil

    First 5 transactions (only 3 transactions permitted in 6 metros)

    Nil

    Fee levied after free transactions

    INR 20

    PoS/Ecom Transactions

    Nil

    Safe Online Transactions via

    Verified By Visa (VBV)

    Additional Features:

    • The cards are distributed in 2 designs, one for young women and the other for young males.
    • Connect cards are also be qualified for Loyalty Rewards extra points for usage via PoS.

    iv. IOB Signature Debit Card:

    Features & Benefits:

    Eligibility Criteria

    Every SB accounts and CD/CC accounts owned by people or exclusive concerns.

    Average balance of INR 1 lac per 3 months.

    Money withdrawal limit for the day

    INR 50,000

    Usage Limit for Shopping in Merchant Establishments (PoS) per day

    INR 2.70 lacs

    Limit for usage in online (E-com) shopping

    INR 2.70 lacs

    Charges for issuance of Card

    INR 300

    Yearly Maintenance Charges

    INR 200 plus taxes

    To replace or re-issue card if it is lost or stolen

    INR 100

    Re-issuance of PIN

    INR 20

    PoS or Ecommerce Transactions

    Nil

    Safe Online Transactions via

    Verified By Visa (VBV)

    More Benefits:

    • You can enjoy superlative spending power with no pre-agreed limit on your expenditures (which is up to SGD 6000).
    • Privileged clients servicing available round the clock. You can dial the IOB toll-free number for help, which is 000 117 866 765 9644.
    • You have a personal accident travel cover of up to USD 1 lac.
    • Special recognition and bargains for select merchandise, eating out, travelling, golfing and entertainment deals across the world.
    • Worldwide recognition at mercantile and ATMs to offer card users with the best utility and access level possible.
    • Free VISA assistance services as well as IOB Cash Rewardz points for regularly using your card for PoS and Ecommerce portals.

    v. IOB SME VISA Debit Cards:

    Features & Benefits:

    Eligibility Criteria

    Every MSME clients, who can meet the IOB terms & conditions for getting the card issued.

    Money withdrawal allowed per day

    INR 50,000

    Usage allowed for shopping at any Mercantile or Ecommerce portal per day

    INR 1 lac

    Fee for getting your card issued

    INR 150

    Yearly charge for maintenance

    INR 100 from the second year onwards

    To replace or re-issue your card if it gets lost, stolen or damaged

    INR 100

    Re-issue of PIN

    INR 20

    Card Limit

    Maximum up to 10 percent of fund based working capital limit or INR 5 lacs (whichever is lower)

    Charges for IOB ATM fund transactions

    Nil

    Charges for fund transactions at other banks’ ATMs after the first 5 free transactions (in metros only 3 free transactions are allowed)

    INR 20

    PoS or Ecommerce dealings

    Nil

    Safe online funds transfers via

    Verified By Visa (VBV)

    More Features & Benefits:

    • Keeps business and individual expenditures separate as the debtor doesn’t need to utilize his/ her own credit card for business dealings. This way, it is easier to track and monitor each dime spent.
    • You are also entitled for IOB Cash Rewardz points for using this card via any PoS or Ecommerce portals. But you cannot use this to purchase gold.

    vi. IOB Rupay Classic Debit Card

    Features & Benefits:

    Eligibility Criteria

    Every SB, CD/ CC Account Holder (Individual or Joint)

    Money withdrawal limit per day

    INR 20,000

    Shopping limit at Mercantile (PoS) per day

    INR 50,000

    Shopping limit at E-commerce portals per day

    INR 50,000

    Fee levied for issuing your card

    Nil

    Yearly charges for maintenance

    INR 100 plus taxes from the second year onwards

    To replace or re-issue your lost or damaged debit card

    INR 100

    Re-issue of PIN

    INR 20

    Charges for IOB ATMs Transactions

    Nil

    Charges for fund transactions at ATMs of other banks.

    First 5 transactions are free. But only 3 transactions are allowed in metro cities.

    INR 20

    For CD/CC account holders, charges are levied from the start.

    INR 20

    For any PoS or Ecommerce Transactions

    Nil

    Safe Online Transactions via

    RuPay Paysecure

    Added advantages for PoS and Ecommerce dealings

    IOB Cash Rewardz points

    • An added perk for RuPay card users is that all Rupay customers are entitled for personal accident (only in the event of demise) cover of INR 1 lac.

    • Rupay card users are also eligible for the reparation on only 1 Rupay card per user.

     

    vii. IOB Classic Debit Card

    Feature & Benefits:

    Eligibility Criteria

    Every Savings & Current Account holder (Individual or Group)

    Money withdrawal limit allowed per day

    INR 20,000

    Usage limit at Mercantile (PoS) per day

    INR 50,000

    Usage limit per day for online shopping (at any accepted E-commerce portal)

    INR 50,000

    Fee for issuing your debit card

    Nil

    Charges for Yearly Maintenance

    INR 100 plus taxes from the second year onwards

    To replace or re-issue if you lose or damage the card

    INR 100

    For re-issuance of your PIN

    INR 20

    Fee for fund transactions at any IOB ATM

    Nil

    Fee for fund transactions at other banks’ ATMs

    After 5 transactions, INR 20 per transaction. But in the 6 metros, only 3 such transactions are allowed.

    If you are a CD/CC account holder, transaction charges that will be levied from the beginning

    INR 20

    PoS/ Ecommerce Fund Transfers

    Nil

    Safe Online Transactions via

    Verified By Visa (VBV)

    Added Perks for PoS & other Ecommerce transactions

    IOB Cash Rewardz points

    viii. IOB Platinum Debit Card:

    Features & Benefits:

    Eligibility Criteria

    Every SB and CD/CC account owned by an individual or for business purpose

    Average balance requirement is INR 75,000 in 3 months.

    Money Withdrawal Limit Per Day

    INR 50,000

    Usage limit at Mercantile(PoS) per day

    INR 2 Lacs

    Usage limit for online E-commerce portals

    INR 2 Lacs

    Fee for issuing card

    INR 200

    Maintenance Charge Per Year

    INR 150 plus taxes from the 2nd year.

    Replacement/Re-issue of Lost/Damaged

    INR 100

    Re-issue of PIN

    INR 20

    PoS/Ecom Transactions

    Nil

    Safe Online Fund Transfers

    Verified By Visa (VBV)

    More Benefits:

    • Emergency Money Disbursement – If your platinum card is not working or found to be faulty in ATM or PoS of a specific country, you can call at VISA office there and can get the money sent via Western Union with the help of VISA.
    • Travel Assistance – Air Ticket booking various International Travel Agents using a Toll Free Telephone provided by VISA.
    • Visa Concierge services.
    • You are also entitled for IOB Rewardz point program for card usage via PoS or other Ecommerce portals.

    FAQs:

    1. What are the services I can avail when I opt for internet banking using any IOB debit card?

      You can get the services mentioned below using Net banking.

      • Enquiry: Balance, past transactions, statements etc.
      • Check: Accounts status, cheque book request, deposits, transfer details etc.
      • Funds transfer, shopping, settle loans or credit card dues and more.
    2. What are the formalities for terminating an IOB Debit Card services?

      In the event of you deciding to terminate the use of your IOB debit card, you must give the bank at least a week’s prior notification in writing. Then you may surrender the card and obtain a receipt for that.

    3. Can I pay all my bills via my IOB debit card?

      You can pay the following bills using your debit card, which are as follows:

      • Direct & Indirect Taxes
      • University/ College Tuition Fees for the students of SASTRA-Tanjore
      • Utility bills like electricity (Tamil Nadu Electricity board), telephone, insurance, telephone and many more.
    4. I forgot my Internet Banking Security Code. What can I do?

      You may submit a letter or send an email to your nearest IOB branch with a request to reset your PIN. The bank will soon make a new PIN for you and send it to you at the earliest.

       

    News about Indian Overseas Bank Debit Cards

    • Rupay Mudra Debit Card launched by Indian Overseas Bank

      With the aim of catering to micro, small and medium enterprises, Indian Overseas Bank has launched Rupay Mudra Debit Card. This card has been launched under Pradhan Mantri MUDRA Yojana. The launch of this card is expected to be a boon for micro units, as they can make use of the same to meet their working capital requirements. Beyond this, the card can also be used for other purposes, like any regular debit card, to withdraw cash from ATMs, to complete online transactions, or used at merchant outlets to make purchases.

      8th September 2015

    Close

    Compare Multiple Debit Cards. Apply Online and Get e-Approved instantly

    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.