AMC

Annual Maintenance Charges

Key Details Regarding AMC

• ATM Annual Maintenance Charges (AMC): are yearly fees for debit cards usually charged by Banks.
• Timing: Generally deducted automatically from your account annually, often starting from the second year.
• Card Types: Basic Rupay/Visa cards are cheaper, while Platinum or International contactless cards are higher.
• How to Avoid: Maintain the required minimum balance, use basic cards, or choose premium bank accounts that waive these fees.
• Other Charges: Charges can also appear for exceeding free ATM transactions, SMS alerts, or card replacements.