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Debit Cards from Federal Bank
Federal Bank offers you internationally accepted Debit Cards in association with MASTERCARD and VISA. You can use these cards in millions of POS terminals all over the world for shopping and withdrawal of cash from your account through any ATM in any country, accepting MASTERCARD and VISA cards. Moreover we do not charge for any number of transactions made from other Banks ATM's across India.
We give below the user friendly features of both. If you are interested in applying for one, it is easily done. Download the channel facilities application form and forward it to any of our branches duly filled. You will get your Debit Card in a matter of days.
MasterCard
Now Federal Bank offers you debit cards in association with Master Card. MasterCard, serves consumers and businesses in more than 210 countries and territories. As a MasterCard holder you can make use of millions of ATMs to withdraw cash and make purchases from millions of merchant locations worldwide. In India, MasterCard is widely accepted. Bank is bringing you MasterCard – Classic as a initial offer.
All segments of customers except No-frill a/c holders are eligible (know more about SB Schemes)
| Features |
MasterCard – Classic |
| Daily shopping limit |
30,000/- |
| Daily cash withdrawal limit |
30,000/- |
| Total limit |
60,000/- |
| Mode of authentication |
PIN based at ATM and Signature based at POS |
| Eligibility |
All segments of customers except No-frill a/c holders |
| Annual Charges |
100/- |
The annual fee will be reimbursed if POS/E-commerce transaction/s with minimum value of Rs 10,000 is carried out using the card within 6 months from the date of activation of card.
If you are a VISA Gold or Platinum cardholder, you can request for MasterCard by paying the annual fees.
If you are otherwise eligible also, you can request for MasterCard by paying the annual fees and returning your existing card. If you want retain your existing card, the annual fees will be Rs 250.
Our ATMs will also accept Master Card variants – MasterCard, Maestro and Cirrus.
Visa
No more carrying cash. No more ultra violet lamps and seeing the currency notes from all the directions. Be safe. Be practical. Save time.
Federal Bank now offers you three brand new Visa Debit Cards – Shop’n Save, Gold & Platinum.
The new GOLD cards are superior in features, when compared to the existing VISA electron card. The Platinum card is globally recognized as a priority card and the customers are eligible for superior services from VISA, retail outlets and the bank.
The salient features and the eligibility criteria for issuing these cards are given below:
| FEATURES |
SHOP 'N' SAVE |
VISA GOLD |
VISA PLATINUM |
| Eligibility |
All segments of customers except No-frill a/c holders |
FedPower+, Mahilamitra, FedSmart, FedClassic+, FedTrade+, FedVanjiya, FedVanijya+ Fed NRI Premium Fed NRI Privilege account holders |
Minimum Average Quarterly Balance of
Rs.5 L either in SB or CD and also Term
Deposits worth Rs.5 L or 10 L AQB either
in SB or CD |
| Daily shopping limit |
30,000 |
75,000 |
2,00,000 |
| Daily cash withdrawal limit |
20,000 |
75,000 |
2,00,000 |
| Total limit |
50,000 |
1,50,000 |
4,00,000 |
| Insurance Protection |
|
against fire and burglary |
against fire and burglary |
| Travel Insurance |
|
|
Yes |
| Customer Assistance |
|
24 x 7 Global Customer Assistance Service |
24 x 7 VISA Platinum customer centre |
| Registration Charge |
|
Rs.100/-* |
Rs.500/-* |
Annual Fee
Rs 25/- per quarter per Debit Card for SB account holders who maintain an AQB below Rs 5000/-.
Rs 50/- per quarter per Debit Card for Current account holders who maintain an AQB below Rs 5000/-.
Registration Charges
Registration Charge of Rs.100/- for Gold Card and Rs.500/- for Platinum Card will be collected and which will be reimbursed if at least one POS transaction is carried out within 90 days from the date of activation of card.
Replacing your existing debit card
If you wish to replace your existing debit / ATM card with the new cards and are eligible as per above, Please contact your Branch.