Personal BankingValue Added Services
Introducing SIB Contactless Debit card, a revolutionary debit card that will change the way you pay. This NFC enabled debit card backed up with the latest contactless technology, lets you pay by just waving your card at the counter. What's more, it will help you spend less time at the counter and makes your everyday shopping easier than ever. Grab your SIB VISA Platinum Contactless Debit card today to make your payments more quick, secure and convenient.
 
Transaction Limits for SIB Contactless Debit Cards (VISA Platinum payWave Cards)
 
The SIB Contactless Debit Cards (VISA Platinum payWave Cards)will be issued as International Cards.
The transaction limit of SIB Contactless Debit Cards (VISA Platinum payWave Cards)is mentioned below;
 
  Transaction Limit/day
Card Variants
Cash Withdrawal in INR
POS / Online in INR
SIB Contactless Debit Cards (VISA Platinum payWave Cards)
100,000
300,000
 
 
Issuance Criteria and Charges for SIB Contactless Debit Cards (VISA Platinum payWave cards)
 
The SIB Contactless Debit Cards (VISA Platinum)shall be issued to all eligible accounts except SIB Junior/BSBDA/Govt. Scheme Accounts/NRO Accounts.  
 
Particulars Charges in INR
Issuance Charge
400 + ST
AMC
200 + ST *
 
*AMC will be charged after completion of one year of issuance.
*Issuance charges are reversed if an Average Quarterly Balance of Rs. 1, 00,000 is maintained in the account or if Rs.5, 00,000 deposits are maintained in SB linked Customer ID.
*AMC will not be charged if an Average Quarterly Balance of Rs. 1,00,000 is maintained in the account or if Rs.5, 00,000 deposits are maintained in SB linked Customer ID.
 
With the launch of SIB Contactless(VISA Platinum payWave) Debit cards, customer's are benefitted from the hassles of fumbling for cash, managing change and even entering the PIN for transactions under Rs. 2000/- .