Any Visa-enabled ATM machine will accept this card and disburse funds. You can also use this card for purchase at merchant establishments. Please note that withdrawals made on Friday will reflect as sold mutual fund investments in your account the following Monday.
Just like any other debit card, your Nippon India Low Duration Fund (Growth) card also has withdrawal limits.
- At the ATM: In a day, you can withdraw up to 50% of the balance in your primary scheme account or Rs. 50,000, whichever is lower, from an ATM subject to a permissible limit fixed/ determined by the Bank.
- At POS: In a day, you can spend upto 50% of the balance in your primary scheme account or Rs. 1,00,000, whichever is lower, at merchant outlets in India.