Amc debit card: A Debit or ATM

A Debit or ATM Card AMC refers to the annual maintenance charges imposed by banks for maintaining your debit card and providing related banking services. The AMC amount varies depending on your bank and the type of debit card you use. AMC or Annual Maintenance Charges are fees banks levy to cover the costs of managing your debit card, including customer support, fraud protection, and infrastructure maintenance. Annual Maintenance Charges (AMCs) on debit cards fund ATM services and vary by bank and card type. Often waived in the first year, fees apply from the second year, with charges differing notably among banks. The blog outlines strategies to avoid AMC charges by using bank ATMs, planning withdrawals, and staying informed to prevent service disruptions. The Debit Card AMC refers to Annual Maintenance Charges, which is a yearly fee imposed by banks as part of debit card services. These include ATM withdrawals, customer care, balance inquiries, and so on.