what is atm amc charges

ATM Card AMC stands for Annual Maintenance Charge, which is a yearly fee levied by banks on debit cards to cover the costs of maintaining card-related services. This charge ensures the smooth operation of the debit card infrastructure, including card issuance, technology maintenance, and customer support. The amount varies based on the type of card you hold—premium cards often have higher fees—and the issuing bank’s specific policies. The fee is generally auto-deducted from your linked bank account annually, though some banks may waive it based on factors like maintaining a minimum account balance.