Your ATM Card


ATM cards can be used for withdrawing money or for online shopping. ATM cards come up with various other benefits too which people are actually not aware of. For instance, ATM cardholders get insurance cover also.

Almost all banks – whether private or public – provide accidental hospitalisation cover or accidental death cover to their customers having an operation bank account. The range of insurance provided under the criteria starts from Rs.50,000 to Rs.10 lakh, depending upon the customer to customer bank dealings. Most of the banks are offering cover on credit cards also. If the bank account is inoperative, then your cover may get withdrawn by the bank.
To claim the insurance, you need to inform the police as soon as the concerned person meets with an accident. Keep all the relevant documents intact concerning the person who met with the accident. If the person is hospitalised, then you need to keep all the medical documents with you or if, by any chance, the person expires, then in such a case you need to have the postmortem report, police report, death certificate, and a valid driving licence of the deceased person. You also need to tell the bank that the cardholder has made some valid transaction through the ATM card within 45-60 days.

You can even deposit money in the deposit machine without visiting a bank. If you do not have a net-banking facility then also you can transfer your funds through ATM machines by inserting the card and choosing the transfer option and entering the details of the beneficiary for making the successful transfer of payments. Some of the banks are providing unlimited cash transaction facility through the ATM card within a month without incurring any additional charges.

Digital cards provide safety of not losing money, especially while travelling. You may also not fall short of money because ATM cards are directly linked to your bank accounts. You can withdraw as much as you can as per the cash availability in your bank account. They can be accessed anywhere 24×7. ATM cards are highly secured with 4 digit PIN.



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