what is debit atm card amc

Debit Card AMC stands for Annual Maintenance Charge. It is a yearly fee levied by banks to cover the costs associated with maintaining your debit or ATM card and the banking services it provides. This fee ensures your card remains active and secure for transactions, ATM withdrawals, and online purchases. The charge varies based on the card type and the issuing bank and is generally auto-debited from your linked account annually.