what is atm card maint charge

The ATM card maintenance charge, or AMC (Annual Maintenance Charge), is a yearly fee levied by banks for maintaining your debit card and providing related services. This charge covers the bank's costs for card issuance, technology upgrades, ensuring ATM access, and offering features like SMS alerts and security. The AMC amount is not uniform; it varies across different banks and depends largely on the type of debit card you hold, such as classic or premium variants. It is typically auto-debited from your linked bank account once a year.