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Last Updated on 06/08/2018
Debit Card

“A debit card is a plastic payment card that can be used instead of cash when making purchases. Debit cards allow bank customers to spend money by drawing funds that they deposited with the card provider. It allows you to access your account from different merchants’terminals throughout country and abroad. You can also use it at an ATM for withdrawal of cash and other enquiries. Customers need not carry the cash for their day to day spending as they can make payment through POS machines and E-com transactions are made easy by using cards. No charges would be levied by our Bank on such Point of Sale transactions, except merchant charges for using in Petrol Bunks and for booking railway tickets through IRCTC.

IOB has tie up with Visa/RuPay/Master Cards for its Debit Card Program. Customers can use these cards for drawing cash not only in our Bank’s ATMs, but also in any Bank’s ATM that display the Visa/RuPay/Master Card logo. The Bank, in its constant endeavor to enhance customer service, has already tied up with a consortium of Banks under the banner of NFS by which customers can access their individual accounts from all ATMs. In addition, the cards can also be used through secured electronic payment gateways for e-commerce / Internet payments.”


1. Application Form 2. Terms & Conditions 3. Service Charges for Debit Card
4. Verified by Visa    


For more information, contact: