National Consumer Disputes Redressal Commission (NCDRC) has ordered HDFC Bank to pay Rs 5 lakh as accidental death insurance cover to the son of its deceased customer. The deceased had a savings bank account with HDFC Bank and also an debit card. This debit card came with an accidental death insurance cover which is payable to the nominee of the debit card holder upon the cardholder s accidental death.
PNB hike debit card transaction limit: The daily ATM cash withdrawal limit for VISA Gold Debit Cards would now go up to Rs 1 lakh from Rs 50,000, while the daily POS limit would be hiked from Rs 125,000 to Rs 300,000.
State Bank of India, India s largest public-sector lender, has revised charges for its various services including ATM transactions, fund transfer, cash withdrawals, deposits and disbursement of debit cards among others.
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