what is atm amc

ATM Card AMC stands for Annual Maintenance Charge, which is a yearly fee levied by banks on your debit or ATM card. This charge is imposed to cover the costs associated with maintaining and servicing the card, ensuring it remains functional and secure for transactions, ATM withdrawals, and other related banking services. The AMC is typically auto-deducted from your linked bank account annually. The specific amount of the charge varies between banks and depends on the type of card you possess.