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Debit Card Loyalty Points Program detailsDebit Card Loyalty Points program is a reward program that enables a Cardholder to earn loyalty points by simply using IDBI Bank Debit Card for purchases. Loyalty points calculation & Redemption: Minimum Minimum Redemption Points earned value per point Points required spent required per `100 spent per cycle w.e.f. 01/02/13 in one cycle 1 2 2 2 0.25 0.50 0.25 0.25 200 1000 500 100
Redemption cycle: Redemption cycle is a 12-month period, which starts from the month following the issuance of the Debit Card. For example if a card is issued in Feb, then 12 months would be calculated from Mar-Feb. Transactions considered for the calculation of loyalty points: Transactions at Merchant establishments and e-commerce* (online) transaction done using IDBI Bank Debit Card are considered for calculating the loyalty points. *No loyalty points are awarded for Mutual Fund transactions, Government payments, Insurance Premium payment, IRCTC bookings and payment to Educational Institutes made through IDBI Bank Debit Card. Transactions not considered for the calculation of loyalty points: ATM Transactions and Card-to-Card transfer transactions are not considered for calculation of loyalty points. Points Redemption: The loyalty points can be redeemed for Cash Credit to your account. Expiry of Points: All points earned in the 12-month cycle would be valid for 2 more months following the end of the 12month period. Post this, these points would expire. Process for Redemption of Points: The customer has to fill in the redemption form with the following details: Name, Card Number, Cust ID, Contact Number, Number of Points to be redeemed, Signature and Date. The form needs to be submitted at your home branch. The points will be redeemed, and customer's account will be credited within 7 working days.
Debit Card Loyalty Points Redemption FormPlease fill in all details carefully. Write in BLOCK letters. Complete the redemption form and submit it to your IDBI Bank branch. Cardholders Name-
Customer ID-
Contact Number-
I have read the Terms and Conditions of this offer and agree to abide by them. I authorize you to debit the accumulated loyalty points and credit my account for the requisite number of points towards the above redemptions.
Date: _______________________
Cardholder's Signature: ________________________ _ (Same as that used for your banking account)
Branch Seal:___________________________________________
Correspondence Address: Debit Card Department, C-Wing, 13th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005
Program:
The Program is a rewards program that enables a Card Member to earn points on charges incurred on his/her card by purchase of goods and services on the card and any other charges as may be included by IDBI Bank from time to time for the purpose of the program. The points are redeemable against a cash credit to the cardholder's primary account. The program will remain open from the effective date till such time as may be determined by IDBI Bank Debit Cards at their sole discretion. IDBI Bank reserves the sole right to exclude the products and services featured in the rewards brochure for redemption of loyalty points.
Points Accrual:
Points will not be accrued on charges that are subsequently reversed. IDBI Bank, at its sole discretion, may also award points for any other transactions either for a specific period or for specific situations/promotional schemes. Points will not be awarded to card members towards ATM transactions and transactions involving cash advances and fees such as joining fee, annual fee, supplementary card fee, multiple card fee, and service charge transactions. The above list of transactions may be modified by IDBI Bank at its discretion under intimation to the card member. Points will accrue to the individual card accounts in the case of eligible Primary, Supplementary or Multiple cards. Points accrued by any Supplementary cards will automatically accrue to the Primary Card Account on which the Supplementary cards are issued and not to any other card account. No accumulation or carry over or redemption of points will be permissible, if on the relevant date any card, be it a Primary, Supplementary, Multiple or any other card has been withdrawn or closed or cancelled or reinstated or is liable to be cancelled/withdrawn because of any breach of the Terms and Conditions of the card member agreement. The points will lapse in the event that such a card account is closed either voluntarily by the card member or by the bank at its discretion. Should the card account be reinstated either by the card member or by IDBI Bank Debit Cards, the card member will not get the benefit of any points accrued prior to cancellation or withdrawal or closure of the card account. In the event of voluntary closure of the IDBI Bank Debit Card by a card member, the points that are in the card account can be redeemed within a month of such closure. Failure to redeem these points within such period will cause the points to automatically lapse or expire. A card member cannot transfer any points to another person.
Redemption:
Points accrued can only be redeemed by the Primary card member and not by any additional card member. The 12-month period would start from the month following the issue of the Debit Card. All points earned in the 12-month period would be valid for 2 more months following the end of the 12-month period. Post this these points would expire. All linked accounts and the card must be in good standing and not cancelled or terminated by IDBI Bank Debit Cards or the card member at the time of a redemption request. The points are redeemable only against a cash credit to the cardholder's primary account. Redemption orders from card members once given to IDBI Bank Debit Cards cannot be cancelled or withdrawn or changed. On redemption, the points would automatically get subtracted from the accumulated points in the card member's account. Orders will be fulfilled in the order in which they are received & accepted by IDBI Bank Debit Cards. If a card member does not have sufficient number of points for an order the order will be deemed cancelled. Information supplied by the card member on the redemption of certain rewards may be used by IDBI Bank Debit Cards or the service establishments that provide the rewards for administrative or marketing purposes or such other or further purpose as IDBI Bank may determine. Any tax or other liabilities or charges payable to the Government or any other authority or body or any other participating establishment which may arise or accrue to the card member by redemption as aforesaid or otherwise as a result of this scheme shall be to the sole account of the card member.
IDBI Bank Limited, Regd. Office: IDBI Tower, WTC Complex, Cuffe Parade, Mumbai 400005. Toll Free Numbers reachable from any landline/Mobile phones: 1800-200-1947 / 1800-22-1070, Non- Toll Free Number: 022-66937000. Website: www.idbi.com