What are Indian Overseas Bank Debit Card benefits? – Compare Features & Apply Online
What are Indian Overseas Bank Debit Card benefits? – Compare Features & Apply Online
CardsLast updated: 1 July 2026, 16:19 IST
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The Indian Overseas Bank Debit Card benefits facilitate cash withdrawals, POS terminal payments, online transactions, and international usage (with a small conversion charge). It has issuance and maintenance charges, and some cards provide offline digital payments for transport and retail.
The Indian Overseas Bank Debit Card benefits enable you to use your bank account for withdrawals, online as well as offline payments, and other banking services from within the country as well as abroad. With the card, you can draw cash at automatic teller machines (ATMs) and shop with point-of-sale (POS) terminals inside stores, as well as through online transactions, including contactless payments.
Key takeaways:
The Indian Overseas Bank Debit Card enables you to use your bank account for withdrawals, online as well as offline payments, and other banking services from within the country as well as abroad.
The India Overseas Bank Debit Card benefits facilitate cash withdrawals, POS terminal payments, online transactions, and international usage.
The IOB debit card remains valid for 5 years from the date of issue.
IOB debit cards offer worldwide usage and simple payment processing, making it easy to manage your money.
Indian Overseas Bank (IOB) Debit Card at a Glance:
Item
Details
Top debit cards
Classic, SME Visa, Student, Visa Platinum, RuPay Platinum, RuPay Select
The Indian Overseas Bank (IOB) RuPay Classic card permits you to withdraw cash from ATMs, pay for purchases at shops (PoS), and buy online. It also provides daily limits for each transaction type to limit spending.
Benefits and Features of IOB Classic Debit Card:
Here's the information about the features and benefits of the IOB Classic Debit Card
Feature
Details
Access to Funds
Use your card at various merchant terminals, ATMs, and online platforms to access your account.
Transactions
Withdraw cash, make payments at stores, and shop online using the card.
What are the Indian Overseas Bank debit card charges?
Indian Overseas Bank debit card charges differ from card issues, which is 50 rupees with GST, to annual maintenance and replacement fees of 100 rupees with GST.
Here's the information about Indian Overseas Bank debit card charges:
Fee/Charge Type
Details
Card Issuance
₹150 + GST for issuing the card.
Annual Maintenance Fee
₹100 + GST starting from the second year onwards.
Hence, this is about the Indian Overseas Bank debit card charges.
Eligibility to apply for an IOB Debit Card:
Account Type: You must have an SB or CD account with IOB.
Account Name: The account must be in your business name or your name.
Minors: Children above the age of 10 are issued an ATM/Debit card in collaboration with the guardians' or parents' authority provided that they ensure to maintain a necessary minimum balance.
Higher Variant Cards: You can apply for higher variant cards after you have turned 18, provided that you have sufficient minimum balance as required by that card.
Documents Required to apply for IOB Debit Card:
Application Form: Complete and clearly fill out the form.
Proof of Identity: Use documents such as a Passport, Driving License, or Voter ID.
Proof of Address: Use documents such as a Passport, Driving License, or Voter ID containing your address.
PAN Card: Submit your PAN card for taxation purposes.
Form 16 (in case you don't have a PAN card): If you don't possess a PAN card, use Form 16 as an alternative.
Customer Care Details related to IOB Debit Card:
Toll-Free Numbers: 1800-890-4445 and 1800-425-4445
Website: Visit the IOB website for more information and complaint forms.
What is the IOB SME Visa Debit Card?
Indian Overseas Bank provides the IOB SME Visa Debit Card, which is designed for small and medium businesses (SMEs). The card provides ₹50,000 per day for daily cash withdrawals and ₹1,00,000 for daily online purchases.
Benefits and features of IOB SME Visa Debit Card:
Here's the information about the benefits and features of IOB SME Visa Debit Card
Benefit/Feature
Details
Global Acceptance
The IOB Visa Debit Card can be used worldwide to make purchases and withdraw cash in different countries.
Easy Payments
Use the card for both online shopping (e-commerce) and offline shopping (Point of Sale).
Fees and Charges on IOB SME Visa Debit Card
Here's the detailed breakdown of the fees and charges for the IOB SME Visa Debit Card, in a table
Fee/Charge Type
Details
Annual Maintenance Charge
₹100 per year.
Card Replacement/Re-issue Fee
₹100 for lost, stolen, or damaged cards.
Transaction limits
Cash withdrawal: Up to ₹50,000/day; Shopping (PoS/Online): Up to ₹2 lakh/day (varies by card)
Validity
5 years from the date of issue
Eligibility
IOB Savings/Current Account holders; Minors (10+) with guardian consent; higher variants available after 18 years
Online payments are safe with OTP (One-Time Password) and extra security from RuPay.
Reward Points
Earn IOB reward points when you make purchases.
Contactless Payments
Pay by tapping the card for transactions up to a certain limit.
Daily Cash Withdrawal Limit
You can withdraw up to ₹30,000 per day.
Daily PoS Limit
You can spend up to ₹75,000 per day at stores (PoS terminals).
Daily E-commerce Limit
You can spend up to ₹75,000 per day for online shopping.
ATM Network
Use your card at any ATM that has the RuPay logo.
24x7 Assistance
IOB offers 24/7 support for any card issues.
SMS Alerts
You will get SMS alerts for every transaction.
Green PIN
You can activate your card and set the PIN using OTP (One-Time Password).
EMI Facility
Convert your transactions into EMI (Equated Monthly Instalments).
Replacement of Lost/Damaged Card
₹100 for re-issuing a lost or damaged card.
Re-issue of PIN
Green PIN: ₹20 + GST.
Paper PIN: ₹50 + GST.
PIN Reset: ₹10 + GST.
ATM Transactions at IOB ATMs
The first 5 transactions (both financial and non-financial) are free.
After 5 financial transactions: ₹10 + GST per transaction.
After 5 non-financial transactions: ₹5 + GST per transaction.
ATM Transactions at Other Bank ATMs
The first 5 transactions are free (3 transactions for SB accounts in 6 metro cities).
After 5 transactions: ₹21 + GST per transaction (from the 4th transaction in 6 metro cities).
CD accounts: ₹21 + GST per transaction from the first transaction.
PoS/E-commerce Transactions
No charges for payments at stores or online.
Two Passport-Sized Photographs: Ensure that the photographs are up to date and in the correct specifications.
Account Details: State your account number and type of account (SB/CD).
Cyber Cell (for fraud issues): 044 2858 4890
Credit Card Issues: 1800 425 7744
SMS Alerts
Receive real-time messages about your transactions to track spending and monitor your account activity.
Cash Withdrawal
Withdraw cash from IOB ATMs or any ATM that displays the Visa logo.
Convenient Payments
Pay for services and purchases using the card, both online and at stores.
Daily Withdrawal Limit
You can withdraw a certain amount of cash every day.
Daily Usage Limit
Spend a specific amount each day at stores or online (merchant terminals and e-commerce).
24/7 Assistance
IOB provides customer service 24/7 for any card-related issues.
E-commerce Transactions
The card supports safe online payments through secure payment systems.
Merchant Terminal Usage
You can use the card to make payments at various merchant terminals both in India and abroad.
High-Value Transactions
The card is suitable for making high-value payments.
Multiple Card Options
IOB offers different types of debit cards, including Visa, RuPay, and Mastercard.
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Daily Cash Withdrawal Limit
₹50,000 per day.
Daily Usage Limit for Shopping
₹1 lakh for shopping at stores or e-commerce portals per day.
Issuance Fee
₹150 + GST for issuing the card.
Forex Conversion Fee
2.50% on international transactions.
PIN Replacement Charges
₹20 per incident.
Fuel Surcharge
1.00% or ₹10 per ₹1000 spent on fuel purchases.
Over Limit Charges
₹100 once the card limit is exceeded.
Late Payment Fee
₹100 if minimum dues are not paid within 3 days of the due date.
GST
18% GST is applicable on charges applied by the bank.
What is the IOB Student Debit Card?
The IOB Student Debit Card, presented by Indian Overseas Bank, is specifically made for students. It can be used for withdrawals from ATMs, point-of-sale (POS) transactions, and utilisation of potential insurance benefits, with account maintenance requiring a minimum balance.
Benefits and Features of IOB Student Debit Card:
Here's the information about the benefits and features of the IOB Student Debit Card in a table
Feature/Benefit
Details
Purpose
Designed specifically for students to manage finances and access their bank accounts easily.
ATM Access
Withdraw cash from IOB ATMs and other ATMs with Visa/RuPay/MasterCard logos.
POS Transactions
Make purchases at stores that accept debit cards.
Online Transactions
Use the card for online shopping and e-commerce payments.
Minimum Balance
A minimum balance of ₹500 is required, with a maximum balance of ₹50,000 until the student turns 18.
Fees and Charges on IOB Student Debit Card:
Fee/Charge Type
Details
Annual Maintenance Fee
₹100 + GST from the second year onwards.
Card Replacement/Re-issue Fee
₹100 for lost or damaged cards.
PIN Re-issue Fee
₹20 for re-issuing your PIN.
Fund Transactions at IOB ATMs
No charge.
Fund Transactions at Other Banks' ATMs
After 5 transactions: ₹20 per transaction. In 6 metro cities, only 3 free transactions are allowed.
PoS/E-commerce Transactions
No charge for payments at stores or online.
Forex Conversion Fee
2.50% on international transactions.
Fuel Surcharge
1.00% or ₹10 per ₹1000 spent on fuel purchases.
GST on Charges
18% GST is applicable on the charges applied by the bank.
How to do Indian Overseas Bank debit card activation?
One can activate the Indian Overseas Bank debit card through the branch.
These are the steps for Indian Overseas Bank Debit Card activation:
Go to your nearest IOB branch.
Request a new debit card.
Fill out the application form.
Submit the form along with any required documents.
The bank will process your request and send you the debit card in a few days.
How to do Indian Overseas Bank debit card apply online?
One can do Indian Overseas Bank debit card apply online through net banking:
These are the steps for an Indian Overseas Bank debit card apply online:
Login to IOB Internet Banking: Click on the IOB website and log in to your Internet banking account.
Login: Click on ‘Personal Login’ on the top right corner of the page.
Details: Enter your credentials and click on the ‘Login’ button.
Locate Debit Card Services: Search for the debit card or card services section.
Apply for a Debit Card: Go through the steps to apply for a new debit card online.
Activate the Card: After receiving the card, activate it using internet banking or mobile banking.
What are the Indian Overseas Bank debit card limits?
The Indian Overseas Bank debit card limit varies according to the card variant on a per-day basis.
This is the table for the Indian Overseas Bank debit card limit:
Card Variant
ATM Withdrawal Limit (Per Day)
PoS (Shopping) Limit (Per Day)
E-commerce (Online) Limit (Per Day)
RuPay Classic / Visa Classic
₹30,000
₹75,000
₹75,000
Visa Gold
₹40,000
₹1,25,000
₹1,25,000
RuPay Platinum / Visa Platinum
₹50,000
₹1,25,000 to ₹2,00,000
₹1,25,000 to ₹2,00,000
RuPay Select / Visa Signature
₹50,000 to ₹1,00,000
Up to ₹3,50,000 to ₹5,00,000
Up to ₹3,50,000
Hence, these are the limitations for the Indian Overseas debit card.
How to do Indian Overseas Bank debit card PIN generation?
One can do the PIN generation through the mobile app or via net banking.
These are the following steps for PIN generation for Indian Overseas Bank debit card:
Step
Via Mobile App
Via Net Banking
Step 1
Open and log in to the IOB Mobile Banking app (IndOASIS).
Log in to your IOB Internet Banking account.
Step 2
Go to Card Services and select Set/Generate Debit Card PIN.
Go to IOB Cards / Card Services and select Generate PIN for Debit Card (or Set Green PIN).
Step 3
Select your debit card, enter the card expiry date, and verify using your MPIN and the OTP sent to your registered mobile number.
Enter your 16-digit debit card number, CVV, and card expiry date.
Step 4
Enter a new 4-digit PIN, confirm it, and submit to complete the process.
Verify using the OTP sent to your registered mobile number, then set and confirm your new PIN.
Bottom line:
Indian Overseas Bank (IOB) provides a range of debit cards as per different requirements, whether you are a small businessperson, student, or someone who likes deluxe benefits. IOB debit cards offer worldwide usage and simple payment processing, making it easy to manage your money. You can also set your preferred withdrawal limits for added security and convenience.
FAQs
How long is an IOB debit card valid?
The IOB debit card remains valid for 5 years from the date of issue. Beyond this, the card expires and cannot be used. For a renewal of your card, please contact Customer Care or your local Indian Overseas Bank branch.
What is the IOB debit card's annual maintenance charge (AMC)?
IOB debit card AMC differs for different types of cards. AMC for RuPay Platinum and Classic debit cards is ₹250, and for RuPay Select debit cards, the AMC is ₹800.
What is the fee for Indian Overseas Bank debit cards?
Indian Overseas Bank updated its debit card service charges from February 13, 2023. The Classic/Standard cards' annual charge has risen from ₹125 to ₹200, and the Platinum cards' annual charge is now ₹500, up from ₹250. The replacement card charge has been escalated to ₹150 for all card types. Business card inactivity fees have also been abolished.
Which debit card is best at IOB?
The IOB RuPay debit card and the IOB Classic debit card are considered the best debit cards in IOB.
What is the 6-digit ATM PIN?
A 6-digit ATM PIN refers to the password that is created for accessing banking activities.
What are the IOB debit card charges?
The IOB debit card fees differ from card issues, which is 50 rupees with GST, to annual maintenance and replacement fees of 100 rupees with GST.
Why is 177 rupees debited from the IOB bank?
The 177 rupees is the annual maintenance fee of the IOB bank.
Can I withdraw 100,000 rupees from an ATM?
Yes, one can withdraw 100,000 rupees from the ATM.
Which is better, SBI or IOB?
SBI Bank is considered a much better bank than IOB in terms of customer reach and popularity.
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