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ATM Card AMC is a yearly fee charged by banks to maintain debit card services and related facilities. Charges differ by card type, with basic debit cards often carrying lower or zero AMC compared to premium ones. AMC stands for Annual Maintenance Charge. It is a fee charged by banks every year for maintaining your debit card account. This charge covers the cost of offering debit card-related services, including issuing of card, enabling ATM usage, allowing online and offline transactions, and more. Debit Card AMC stands for Annual Maintenance Charge. It's a fee imposed by banks for the maintenance of your debit card services. In simpler terms, it's the cost you bear to keep your debit card active and operational throughout the year. 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.
