Indian Overseas Bank Debit Card – Compare Features & Apply Online

Assume Raj, a small business owner, who runs a small grocery shop. Raj had recently applied for the IOB SME Visa Debit Card to simplify his business transactions.

This is how it helps him

• Global Usage: Raj can withdraw ₹50,000 per day from ATMs and spend up to ₹1 lakh per day online or at retail stores.
• Convenience: He shops conveniently for his store, scanning his card with a POS terminal or buying over the Internet.
• Tracking: He receives SMS reminders on each purchase, keeping him informed of how he is spending.
• Fees: Raj is charged an issuance fee of ₹150 + GST and a negligible forex fee of 2.5% in case of buys from foreign vendors.

With these advantages, Raj easily takes care of his personal as well as business funds with the help of the IOB SME Visa Debit Card.

Motive of Indian Overseas Bank Debit Cards

The IOB Debit Card facilitates 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.

What is an Indian Overseas Bank Debit Card?

IOB 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. With the card, you can draw cash at Automatic Teller Machines (ATMs), shop with Point-of-Sale (POS) terminals inside stores, as well as through online transactions, including contactless payments. 

While some IOB debit cards enable international usage subject to a negligible currency conversion fee, others only permit local use. There are charges for card issuance as well as an annual maintenance fee. Some cards also have stored value for offline digital payments to use on public transport and small retail outlets. 

Top Indian Overseas Bank Debit Card 2025

• IOB Classic Debit Card
• IOB SME Visa Debit Card
• IOB Student Debit Card
• IOB VISA Platinum Debit Card
• IOB RuPay Platinum Debit Card 
• IOB RuPay Select Debit Card

1. IOB Classic Debit Card

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

Fees and Charges on IOB Classic Debit Card

Here's the information about fees and charges on the IOB Classic Debit Card in a table

2. 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

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

3. 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

Fees and Charges on IOB Student Debit Card

4. IOB VISA Platinum Debit Card

Benefits and Features of IOB VISA Platinum Debit Card

Here’s the information about the benefits and features of the IOB VISA Platinum Debit Card in a table:

Fees and Charges on IOB VISA Platinum Debit Card

Here’s the detailed breakdown of the fees and charges for the IOB VISA Platinum Debit Card:

5. IOB RuPay Platinum Debit Card

Benefits and Features of IOB RuPay Platinum Debit Card

Here’s the information about the benefits and features of the IOB RuPay Platinum Debit Card in a table:

Fees and Charges on IOB RuPay Platinum Debit Card

Here’s the information about the fees and charges for the IOB RuPay Platinum Debit Card, in a table:

6. IOB RuPay Select Debit Card

Benefits and Features of IOB RuPay Select Debit Card

Here’s the information about the benefits and features of the IOB RuPay Select debit Card in a table:

Charges and Fees on IOB RuPay Select Debit Card

Here’s the information about the charges and fees on the IOB RuPay Select Debit Card in a table:

How to apply for an Indian Overseas Bank Debit Card

1. Through Branch:

1. Go to your nearest IOB branch.
2. Request a new debit card.
3. Fill out the application form.
4. Submit the form along with any required documents.
5. The bank will process your request and send you the debit card in a few days.

2. Through Net Banking:

• 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.

Eligibility to apply for 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.
• 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).

Customer Care Details related to IOB Debit Card

• Toll-Free Numbers: 1800-890-4445 and 1800-425-4445
• Digital Complaints: 044-24371120
• Overseas/Global Users: +91-044-35000124, +91-044-24371140 (Available 24/7)
• Email: csd@iobnet.co.in
• Website: Visit the IOB website for more information and complaint forms.
• Cyber Cell (for fraud issues): 044 2858 4890
• Credit Card Issues: 1800 425 7744

Conclusion

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.

From the IOB SME Visa Debit Card for entrepreneurs like Raj to the IOB Student Debit Card for students, every card has its benefits. With low fees and 24/7 customer care, IOB makes your banking experience seamless and trouble-free! Apply now and have a hassle-free transaction experience!

FAQs related to Indian Overseas Bank Debit Card

Q1: 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.

Q2: 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.

Q3: 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.

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