what is debit card amc

Debit Card AMC stands for Annual Maintenance Charge. It is a fee imposed by banks for the maintenance of your debit card services. This is a yearly charge that varies from bank to bank and depends on the type of debit card you use. The fee is decided by the bank and is deducted from the cardholder's account annually. Some banks may waive off this fee if a minimum balance is maintained in the linked savings account. It's important to understand the terms and conditions related to Debit Card AMC to make informed choices and avoid unnecessary charges