Insurance Is Available On Bank ATM Card:-
Whenever you open a savings account with a bank, you are given an ATM card from the bank. With the help of this ATM, you can withdraw money lying in your account from the ATM machine whenever you want.
ATM makes a lot of our work easier. You can shop online, pay bills in hotels and get billing in grocery stores.
But you hardly know that ATM card holders also get insurance cover. If you do not know this, then this post is of your use.
We are giving you detailed information through this post of ours.
ATM has simplified our lives. Now, round the clock, you can easily withdraw money anywhere. With one click, you can easily withdraw money anywhere, but do you know that the benefit of ATM is not just in withdrawing money, but it provides many more features.
Many people are not aware of other features of ATM card. Whether the ATM card holder is a public bank or a private bank, the accident or accidental hospitalization is covered from the date of issue of the card.
The rate of this insurance can range from 50 thousand to 10 lakh. Neither the account holder nor the banks publicize this rule. To take advantage of this rule, the account must be activated.
One should also know the rules required to avail insurance from ATMs. Notify the police immediately after the accident. Please inform the police fully about the accident. All medical reports have to be submitted upon hospitalization.
ATM makes a lot of our work easier. You can shop online, pay bills in hotels and get billing in grocery stores.
But you hardly know that ATM card holders also get insurance cover. If you do not know this, then this post is of your use.
We are giving you detailed information through this post of ours.
ATM has simplified our lives. Now, round the clock, you can easily withdraw money anywhere. With one click, you can easily withdraw money anywhere, but do you know that the benefit of ATM is not just in withdrawing money, but it provides many more features.
Many people are not aware of other features of ATM card. Whether the ATM card holder is a public bank or a private bank, the accident or accidental hospitalization is covered from the date of issue of the card.
The rate of this insurance can range from 50 thousand to 10 lakh. Neither the account holder nor the banks publicize this rule. To take advantage of this rule, the account must be activated.
One should also know the rules required to avail insurance from ATMs. Notify the police immediately after the accident. Please inform the police fully about the accident. All medical reports have to be submitted upon hospitalization.
If death:-
If death occurs in accident then it is necessary to submit post mortem report, police panchnama, death certificate, valid driving license. It is also necessary to inform that the transaction has been done by the cardholder in the last 90 days.
Transaction limit:-
Most private and public banks charge from ATMs after five transactions, but some banks have no transaction limit from ATMs and they offer unlimited transactions at their home ATMs. . Like Public Bank State Bank of India offers customers unlimited transaction facility from ATMs but it requires that the minimum balance of the account holder is Rs 25000. In this way, many private sector banks also provide this facility.
Cash deposit facility:-
You can not only withdraw money from ATM card but also deposit it. Six Indian banks Punjab National Bank, Indian Bank, Oriental Bank of Commerce, Kurur Vyas Bank, IndusInd Bank, UCO Bank are part of the ATM sharing network. The scheme is named Mitr and Punjab National Bank is its settlement bank.
Cashback:-
Many people are not aware that ATM card holder gets cashback facility in online and retail shopping. HDFC, ICICI, SBI and Punjab National Bank offer cashback schemes to their customers.