How much does a new ATM card cost?

Debit card users often encounter situations where they need to replace their cards due to various reasons. In such cases, the associated charges can be a point of concern. For instance, the replacement of a debit card typically attracts a fee of 150 rupees, exclusive of Goods and Services Tax (GST).

When it comes to gift cards, there are also specific charges associated with their issuance and replacement. For the issuance of a gift card, customers are required to pay an issuance fee of 100 rupees, which is again subject to GST.

If a gift card needs to be replaced for any reason, the same replacement fee of 100 rupees plus GST applies. This ensures that both the issuer and the user are aware of the financial implications involved in managing and maintaining these cards.

The aforementioned charges are important to consider as they can impact an individual's financial planning. By being aware of these costs, users can make informed decisions regarding their debit and gift card usage.

Moreover, it's crucial to note that these charges may vary depending on the bank or financial institution issuing the cards. Therefore, it's always advisable to check with your respective bank or provider for the latest and most accurate information.