what is atm card amc

ATM Card AMC stands for Annual Maintenance Charge. It is a yearly fee levied by banks to cover the costs associated with maintaining and servicing your debit card, ensuring it remains functional and secure for your financial transactions. This charge covers expenses like card printing, technology maintenance, and customer support. The AMC amount is not fixed and varies across different banks and the type of debit card a customer holds. It is typically deducted automatically from your linked bank account once a year.