What is Debit Card?
A debit card is basically a card used for fund transactions. Going by the name plastic cash, bank card and more, you can enjoy electronic access to your savings account in any bank via ATMs. You can deposit and withdraw as per your convenience this way without the hassle of standing in long queues. Same can be utilized for mobile banking and internet banking.
Types of Debit Cards in India
- Visa Debit Cards
These debit cards are issued with the bank’s tie-up with VISA payment services providing the Verified by Visa (VbV) platform for online transactions.
- Visa Electron Debit Cards
Visa Electron debit cards are very similar to Visa debit cards but these cards do not provide the overdraft feature.
- MasterCard Debit Cards
A MasterCard Cirrus Card or a MasterCard Maestro Card gives customers access to their funds worldwide and they can perform online transactions using their bank accounts on the MasterCard SecureCode platform.
- Contactless Debit Cards
Customers can make payments with just a tap or wave of their contactless debit cards near PoS terminals, with the cards working on Near Field Technology (NFC) thereby making electronic payments safer.
- RuPay Debit Cards
Introduced as a domestic card scheme by the NPCI, RuPay debit cards facilitate online purchases and transactions on the Discover network and ATM transactions under the National Financial Switch network.
- Maestro Debit Card
Founded in 1992, Maestro from MasterCard is a premier, international debit card service that has been popularly adopted at over 13 million locations spread across 100+ countries around the world. Maestro, as easily identified by the signature logo on all partner cards, helps the customer gain immediate access to his/her money through a robust, international network of compatible ATMs, POS outlets and online resources.
Things to know about IRCTC RuPAY Debit Card
IRCTC RuPay debit card was launched by the National Payment Corporation of India (NPCI) and it comes as an additional unit to augment the system of cashless transactions. It functions much like the Visa card or MasterCard and offers both virtual and physical options to cardholders. The card can be used exclusively for booking train tickets through IRCTC portal. It’s the first payment gateway system ever launched in India. Here’s a listing of some of the key features and benefits of the IRCTC RuPay prepaid card:
- Enables easy booking of train tickets through the IRCTC portal
- No transaction charges will be deducted for the first six months and users can book up to 5 railway tickets each month
- The project is a result of the combined efforts of IRCTC and Union Bank of India
- After the free usage limit, a transaction charge of Rs.10 will be deducted on each booking
- Accident benefits ranging up to Rs.2,00,000 will be provided to customers who have successfully completed KYC submission
- Reward points will be generated on the transactions. However, IRCTC is yet to specify how to redeem the points collected
Options available on IRCTC RuPay Debit Card
There are two options available on the card namely Virtual card and Physical card. The Virtual card requires only partial completion of KYC details and the transaction limit offered on the cards is Rs.10,000. It comes with a 1 year validity. Even for Physical card the max card limit is Rs.10,000 with partial KYC details but with completion of KYC, the limit can be extended to Rs.50,000. The Virtual card comes for free whereas the physical card will be sent to your registered address for a nominal fee of Rs.50. The Virtual card credentials are sent to the applicant’s email address which can be used at the time of booking tickets.
Add-ons with Rupay Debit Card
IRCTC has tied up with various brands such as Amazon, BookMyTrain.com, Jubilant Foodworks, etc., to provide more exciting offers on the card. For example, passengers can use the card to order a pizza at some selected stations. The scope of the card is yet to be determined as government is working out ways to enhance the range of activities it covers. It is likely to be linked with e-catering, tourism, archeological websites, etc.
Difference between an ATM card, Debit card, and Credit card
ATM cards, debit cards, and credit cards are payment cards issued by a bank which allows customers to perform certain specific transactions. Not only does it make your purchases smooth and convenient, but some retailers require it for billing purposes. Banks these days are trying to add more value to the services offered by them and hence the cards come with a lot of offers and discounts. The most striking feature of card transactions is that it is secure and it reduces the need to carry hard cash. Given below are some of the main differences between an ATM card, debit card, and a credit card.
- ATM cards can be used only at ATM machines to withdraw cash
- You will require a Personal Identification Number(PIN) to carry out a transaction
- An ATM card is linked to your current account or savings account maintained in the bank
- The card does not offer credits and hence money is deducted on a real-time basis
- ATM withdrawals charge you a fees if the transaction is being carried out in an ATM machine of a different bank
- Debit cards come with almost every feature of a credit card even though it doesn’t allow credits
- Just like an ATM card you will require a four digit Personal Identification Number to complete your purchases
- In addition to ATM machines, your debit card can be used at stores or restaurants and can also be used for online payments
- There are usually two types of debit cards—Visa debit cards and MasterCard debit cards.
- Much like ATM cards, the debit card allows you to use the money from your savings account
- It is different from a credit card as the customer does not have to pay interests or make a repayment schedule
- Though credit cards facilitate ATM withdrawals, it is mostly used like a loan option and is issued by the bank after reviewing your creditworthiness
- Your credit score impacts your credit card application. Too many credit card applications may have a negative effect on your overall score
- It allows you to purchase any product that is within your spending limit and make payments later
- It offers attractive discounts on certain brands and services
- Besides standard and premium versions, there are many variants in credit cards which offer a wide range of activities, right from shopping and dining to booking an air ticket
Transaction charges on debit card payments
In a survey conducted in 2015, it was revealed that there were around 61.5 crore debit card users and 2.3 crore credit card users in the country. Generally, customers pay a transaction cost on debit card payments which is also known as merchant discount rate (MDR). In a move to increase cashless transactions post demonetization, the government had notified banks to not charge customers for debit card transactions till December 31.
Safety Tips for First-Time Debit Card Users
As per RBI guidelines, banks issuing the debit cards are responsible for keeping the information of their customers safe. But there have been multiple instances of data breaches due to negligence on the part of debit card users as well. Listed below are some of the dos and don’ts for first time users of debit card.
- Sign on the back of your debit card as soon as you receive it. Your card is considered authentic only if you fix your signature in the space provided on your card.
- Sometimes fraudsters may jam the Enter and Cancel button in an ATM machine to put your transaction on hold. In such cases, do not leave the ATM counter without cancelling the transaction.
- Make sure that you have memorized your debit card PIN. Do not write down your debit card PIN number anywhere.
- While making a transaction at an ATM counter, make sure that no one else is there with you.
- As an enhanced security measure, keep changing your debit card PIN from time to time.
- If you are withdrawing cash from ATM located in an open space, ensure that you hide the PIN combination while making the entry.
- Dispose your old debit cards if you are not using them anymore.
- Do not dispose balance receipt in the ATM counter itself. Hackers and fraudsters can use this information to gain access to your bank account.
- Track your account transactions on a regular basis. This will help you in identifying any unusual activity in your account.
- Register for email or SMS alerts. This will help you in staying up to date with your transactions.
- While transacting at petrol bunks, restaurants, and similar places, ensure that your debit card is swiped in the POS machine only in your presence. Otherwise, there are chances of your information being skimmed. Skimming is the process of duplicating a debit card with the use of a skimming device.
- In case you doubt a skimming device being installed in an ATM machine, refrain from making any transaction and inform the concerned authorities immediately.
- Get your debit card blocked immediately, in case it is lost or stolen. You can do so by calling the bank on their hotline number.
- Whenever you receive an email or a call asking for your account details or debit card information, report the incident to your bank.
- You bank will never ask for your debit card information. Never share your information with anyone over phone, call, or message, even if the person claims to be from the bank.
- While shopping online with your debit card, make sure that the website of the e-tailer starts with ‘http’. This is a sign that the website is secure and genuine.
- Do not save your debit card details on merchant websites for ease of making payments. Because in case the website is hacked, you will be at the risk of losing your baking information to hackers and fraudsters.
Top Banks providing Debit Cards in India
Indian consumers can choose from a wide range of debit cards offered by various Indian banks tailor made to suit their banking requirements. The list of banks are as follows
- State Bank of India Debit Card
SBI provides an eclectic array of Visa, MasterCard and RuPay debit cards customizing the card features depending on the customer’s needs. State Bank of India offers 10 different debit cards comprising of personal and business cards.
- HDFC Bank Debit Card
Hassle-free cashless shopping with HDFC debit cards and secure online transactions can be done with on Visa and MasterCard SecureCode platforms. Eleven debit card alternatives are offered by HDFC to Indian customers.
- ICICI Bank Debit Card
Pick an ICICI bank debit card of your choice and customize it with an image that is a reflection of your personality. ICICI customers can choose from an extensive selection of 31 cards categorised under Premium, Personal, Business, Expressions and Unifare.
- Axis Bank Debit Card
Axis Bank debit cards are packed with privileges and offers and customers also have the option of designing their own debit card. The bank offers a total of 17 debit cards categorised as Business, commercial, premium and other segment cards.
- PNB Debit Card
PNB debit cards are offered in collaboration with MasterCard and RuPay and are accepted at multiple merchant outlets worldwide. Customers can choose from 5 different types of debit cards along with add-on card if required.
- Canara Bank Debit Card
Customers can enjoy the convenience of cashless shopping with a Canara Bank MasterCard or Visa debit card. Offered in two variants the Canara Bank debit card comes loaded with exclusive privileges and features.
- Bank of India Debit Card
Offered on MasterCard, Visa and RuPay payment platforms, the Bank of India debit card is a one-of-a-kind card which is valid for domestic and international transactions. With a wide assortment of cards totalling upto 14, BOI debit cards are customised to suit the needs of every Indian consumer.
- Bank of Baroda Debit Card
Bank of Baroda offers six different types of personalized debit cards in association with Visa, MasterCard and RuPay to suit the lifestyle requirements of customers.
- Union Bank of India Debit Card
Union Bank of India provides international debit cards with multiple account access and add-on cards on the Verified by Visa (VbV) platform. Union Bank provides two types of debit cards to customers including a RuPay debit card.
- Syndicate Bank Debit Card
Customers can transact in a currency of their choice but pay in Rupees using their Syndicate Bank Global Debit Card. With half a dozen debit cards, Syndicate Bank tries to offer convenience and efficiency to its banking customers.
- HSBC Debit Card
HSBC offers Visa based debit cards to personal banking customers and HSBC debit cards can be used at multiple merchant outlets and ATMs worldwide. HDFC offers 11 types of debit cards and customers can choose a debit card depending on their savings account.
- IndusInd Bank Debit Card
IndusInd bank offers a mix of international and platinum debit cards on the Verified by Visa platform along with an exciting rewards program for customers. The bank offers four different types of debit cards depending on the account held.
- Citibank Debit Card
Citibank offers debit cards along with savings accounts and customers can enjoy unlimited benefits and add-on features with their Citibank debit cards.
- Standard Chartered Debit Card
Access your bank accounts from anywhere in the world, enjoying attractive privileges and offers with a Standard Chartered debit card. Offered in seven different variants, a standard Chartered debit card is a must-have card.
- YES Bank Debit Card
YES Bank offers two variants of international MasterCard debit cards namely - Gold and Silver, with unparalleled benefits. YES Bank provides four types of debit cards depending on the customer’s requirements.
With the advent of debit cards in the 1970s, a consumer’s life became much simpler. Gone are the days when shoppers across the globe used to carry wads of cash in their wallets and stand in long queues to withdraw money from their banks. Payments these days are done with just a swipe or a tap of a card. Older generations would probably have faced challenges like falling short of cash and not having enough to cover a bill but today users would just pick up their debit cards to pay up in a matter of minutes. The popularity of ‘plastic money’ or a debit card has increased phenomenally with financial institutions issuing them with personalized features and designs. As an easy alternative to cash, debits cards are useful to manage your day-to-day expenses, allowing you to plan your budget without overspending. The biggest advantage that a debit card offers to a user is that during every transaction the money is drawn from the customer’s bank account that the card is linked to. Debit cards have been increasingly used for online transactions or purchases on secure payment platforms offered by banks as part of their e-banking solutions.
Almost every bank in India offers debit cards with different features and benefits depending on the bank account held by the user. Generally these debits cards are issued in collaboration with various payment platforms to provide a secure platform for users to transact on. The most common payment platforms used by banks in India include the following
Debits cards are generally linked to a particular bank account belonging to a customer. Banks provide customers with debit cards for every savings, current or overseas accounts they open. In some cases a single debit card can also be linked to multiple bank accounts. A debit card allows a user to purchase goods at merchant outlets or online stores and also doubles up as an ATM card to perform various bank transactions and withdraw cash. When a debit card swipe happens, the money comes directly out of the customer’s bank account and is immediately transferred to the merchant. Instant payments with instantly available cash. Unlike credit cards, debit cards do not require bill payments on a later date as the money is paid then and there. Debit card users receive monthly statements which give them an idea about their card spends and ATM transactions, helping them track and plan their expenses.
‘PIN’ stands for Personal Identification Number. A debit card PIN is a four digit numerical code, provided as a security feature while performing card purchase transactions. When a customer opens a savings or a current account, the bank provides a debit card along with the corresponding PIN to be used while transacting using the debit card. Customers have the option of changing or setting PINs of their choice if they have forgotten or lost their current PINs. The Reserve Bank of India mandates the use of PIN while making purchases at merchant outlets using debit cards as a security measure. Banking customers are always advised to keep their PINs safe and not share it with other individuals as a move to provide protection to their bank accounts.
Customers holding savings or current accounts must always choose a debit card suitable to their accounts and the expenses they would incur. Compare a few debit cards before you actually make your choice. Understand what each card offers, the fees levied, the services offered and the minimum balance requirements before signing off on a card. Additionally some debit cards also offer rewards programs and these would be beneficial to higher spenders. Also make sure that while performing e-commerce or online transactions, the bank and the payment platforms are secure to avoid any fraudulent activity on your debit cards. Always choose a card best suited to your financial needs and not because the card is packed with privileges and offers.
Debit cards serve different purposes, and are convenient to use. It relieves us of the burden of carrying a cash heavy wallet around. But as every good thing comes with a flipside, debit cards are easily susceptible to fraudulent attacks. It is true that every debit card transaction is conducted through secure platforms yet they are susceptible to all kinds of hacking and cyber-attacks. To avoid being a victim of debit card frauds, you need to know how to use your debit cards safely.
Here are a few useful tips to prevent misuse of your debit card -
Keep your PIN a secret - The first rule that governs the usage of a debit card is to keep your debit card PIN safe and secure. Memorise the 4 digit PIN by heart, and make sure that you don’t write it down anywhere, or share it with anyone. Also, never give your PIN to anyone over the phone, email, social media, and such like.
Report loss of your Debit Card - Loss of card should be immediately reported to the financial institution to hot list the card, in an effort to prevent fraud.
Keep an eye on your email - This is the easiest and most common way to identify fraudulent transactions, if any, occurring via your debit card. As soon as a transaction is made using the card, an email is generated intimating the cardholder about it.
Follow RBI’s mandate - Make sure that you authenticate every PoS transaction by entering your PIN and completing the entire purchase transaction.
Make online payments through secure platforms - With the advent of online shopping, cyber safety has become a cause of deep concern. You have to be cautious while carrying out a transaction online and paying via your debit card. Look for secure online payment symbols, and ensure that you use your debit cards only on secure websites asking for authentication. The two-tier authentication process that secure sites require is a measure to prevent debit card credentials from getting leaked.
Follow SMS alerts - An easy way to keep a track of your debit card spend is to set-up alerts from your bank in the form of SMS or mail statements containing details of every single purchase or transactions you have done.
Keep your card protected - If the magnetic strip behind your card gets damaged, you cannot carry out any transactions by swiping your card. Please make sure that you do not expose your card to dirt, sharp objects, and other magnetic objects.
Keep a track of your money in the account -Review your account statement often to know where and how much have you been spending. If you come across any unauthorised transactions, report it to the bank, immediately. This can be a significant step in preventing you from becoming a victim of fraudulent transactions.
- Debit cards are a convenient alternative to cash. They are easy to carry and can be handled easily. Since you do not have carry cash or cheque book if you have a debit card, it is a safe option when travelling.
- Debit cards can be used to withdraw cash from an ATM and also for merchant transactions at Point of Sale (PoS) terminals. A debit card ensures instant transfer of funds and receipts of services.
- With banks offering exciting features like bonus points, cash back offers, free insurance coverage and an array of redeeming options for accumulated points, debit cards will make your whole purchase experience more rewarding.
- Debit cards encourages a habit of responsible spending since the cardholder can only utilize their own money within account limits. It also helps in better budgeting and money management since the transactions are recorded.
- A debit card offers greater security and thus decreases the chances of fraud, theft and misuse.
- You can easily keep tracks of your spends with features like email and SMS alerts that contain details of transactions done using the debit card. Many banks also allow you to customize the add-on benefits to gain the maximum from your debit card.
How do I apply for a debit card on BankBazaar.com?
BankBazaar provides an easy online process to apply for any debit card of your choice with instant e-approvals. Customers can also compare the different debit cards offered by banks and pick what they find suitable for themselves. The BankBazaar home page displays a Finance menu and customers can choose the debit cards option under the ‘Cards’ drop down list. Users will be then taken to a page containing links to specific debit card and credit card pages. Clicking on the debit card link will take them to an info page on debit cards. BankBazaar customers can understand what each card offers and select the card they want. Clicking on ‘Apply now’ will submit the customer’s application to BankBazaar and they will receive an immediate e-approval via email. Their application will then be forwarded to the bank for further processing.
Q.Can multiple accounts be linked to a debit card?
A.Yes, some banks give customers the option of linking several bank accounts to a single debit card.
Q.Do banks block debit cards if customers enter the wrong PIN during cash withdrawals?
A.Yes, any bank would block a customer’s debit card after three unsuccessful attempts at an ATM as a protective measure.
Q.Is the overdraft facility available with debit cards?
A.Overdraft facility is available with the savings account linked to a debit card but is not applicable on a particular debit card.
Q.What are the different costs associated with a debit card?
A.Some banks might charge issuance fees, ATM withdrawal charges and annual fees for the usage of debit cards.
Q.In India, what are the two types of debit cards generally issued to users?
A.Indian Banks provide personalized and non-personalized variants to debit card users. Personalized debit cards additionally contain the user’s name and photograph. Non-Personalized cards will just have the bank logo, card details and the payment platform logo without any user related information.
- Debit Cards Vs Credit Cards
- Debit Cards for Fuel
- Debit Cards for Online Shopping
- Prepaid Cards for International Travel
- Debit Cards for Movie Tickets
- Debit Cards for Students
- International Debit Cards
- Debit Cards for Shopping
- Debit Cards for Restaurants
- Debit Cards for EMI
- New ATM Transaction Charges
Now, prepaid debit cards can be used as e-wallets
Recently, banks across the country have been joining hands with e-wallet companies to enable prepaid debit cards to be used as e-wallets - enhancing the convenience of their customers. According to a source, Prepaid debit cards can only be issued by banks. The concept is similar to that of Zeta cards — which are issued to employees as incentives and/or benefits. These prepaid card, like the Zeta cards, will run on the Visa or Mastercard platform. The users will need to fill in the card details like card number, CVV, date of expiry, name on the card under the debit card option (here, mastercard) for online payments. After the users have fed in the details, the online payments will be done and the money will be deducted from the e-wallet account.The e-wallet companies will have to partner with some bank as only the banks can issue these cards.
17th November 2017
Kotak Mahindra Bank launches the “Dream Different” debit card
A debit card that is specifically designed for its loyal customers, Kotak Mahindra Bank recently have rolled out the Dream Different debit card. According to the bank, the 811 Dream Different physical debit card is designed for those who prefer to do everything cash-free from banking and payments to shopping. In an announcement, the bank said, as we approach the first anniversary of 8th November 2016, we are launching a campaign to celebrate a generation of Indians across various walks of life who aspire to #DreamDifferent, live fearlessly and expand their horizons beyond the conventional and established norms. 811 changed the way Indians bank by making the process to open a bank account seamless and simple. 811 has revolutionised the process of opening a bank account by reducing the time taken to under 5 minutes. We are seeing 811 accounts being opened across all hours of the day, including past midnight. What's more, customers earn up to 6 per cent p.a. interest rate on their savings account balances, which is 2.5 per cent p.a. more than what most other banks offer.
17th November 2017
Over 75.6 Million Bank To Bank Transfers And Debit Card Payment Transactions Recorded In August 2017
Payments made through debit cards at point of sale terminals (POS) and bank to bank transfers together accounted for about 75.6 million transactions in August as per the data released by the Reserve Bank of India. The data also highlights an increasing use of bank to bank transfer mechanisms such as IMPS, UPI, and BHIM and a drop in the use of mobile wallets from 235.4 million transactions in July to about 225.4 million transactions in August. The volume of transactions through UPI, BHIM and IMPS rose to about 75.6 million from 69 million in the same period.
11th October 2017
Center wants the RBI to cap MDR for digital transactions to Rs.200
To boost the amount of digital transactions in the country, the Center has asked the RBI to cap the merchant discount rate (MDR) to Rs.200 per transaction. For those who do not know, MDR is the charge a merchant pays to a bank for availing of card transaction services. At present, banks are allowed to charge an MDR no higher than 0.25% on transactions of up to Rs.1,000 and a maximum of 0.5% on transactions of values between Rs 1,000 and Rs 2,000, while costlier transactions attract an MDR of 1%. According to State Bank of India chairman, Arundhati Bhattacharya, we are looking at removing MDR for merchants who have a turnover of Rs 20 lakh and below on our own.
19th September 2017
Paytm Soon To Debut Physical Debit Cards
One of India’s most successful fintech startup, Paytm which is also known for its bold and innovative ideas, are all set to introduce physical debit cards for paytm users. These RuPay cards will enable users to pay via Paytm at even those places which currently don’t accept paytm payments.
Paytm founder Vijay Shekhar Sharma shared this news on his Facebook.
A physical car will surely add greater value to the company and for the users. Services like Uber uses Paytm, but some of its competitors don’t. On the other hand, rival e commerce companies of Paytm in the ecommerce space also do not use Paytm.
Once this card rolls out, consumers will be able to shop from these e commerce sites or get a cab from other providers besides Uber using Paytm money.
With the introduction of physical cards, more money will flow into Paytm wallets as users will be able to withdraw money from anywhere they want with these cards.
Axis bank has recently acquired FreeCharge. It remains to be seen how the private bank uses this online wallet system together with its bank operations.
5th September 2017
United Bank of India to roll out Feluda debit cards
In what is a first for any bank, United Bank of India are going to roll out debit cards with the popular Bengali cartoon strip character - Feluda. According to Pawan Kumar Bajaj, MD and CEO, UBI, Feluda has a universal appeal. We are riding on him to particularly connect with young citizens. He added by saying that this will be the first time a character from Bengali literature will be featured on a bank’s debit card. Previously, Feluda images have made its way on to T-shirts. He ended by saying that as of now there is no revenue-sharing agreement with the bank. UBI approached me, and we found the idea interesting. So we went ahead with a set of eight pictures.
13th August 2017
Airtel Payments Bank already has 2 million virtual cards 30th August, 2017
Though the Airtel Payments Bank was launched just 5 months back, just following the demonetisation move by the Modi-led Government, Airtel Payments Banks has already been able to generate more than 2 million virtual cards. To enhance the digital drive by the Government of India, Airtel Payments Bank has decided to charge customers for cash withdrawals - supporting the initiative for cashless transactions. According to the company, virtual cards will be accepted at over 100,000 e-commerce websites and other websites. In addition, the online card can be accessed by all Airtel Payments Bank customers via the My Airtel app inside the bank section.Currently, the cost of an ATM transaction is around Rs 20 and customers in metro cities are charged this amount after five transactions by commercial banks.
30th July 2017
More transactions at POS terminals using debit cards
According to a source, since the demonetisation of high-value tenders and the country wide cashless drive, more transactions at POS terminals than ATMs have taken place using debit cards. Apparently, ATMs have slipped 18 percent to 655 million transactions in May this year, compared with 800 million transactions in October, a month before demonetisation, according to figures released by the central bank. Point-of sales terminals debit card usage has jumped 90 per cent to 267.5 million transactions in May this year from around 140.4 million in October, a month before high-value notes were scrapped by the government. But card transactions tapered a bit from its peak of around 320 million transactions in December and January when cash started trickling back into the system. According to Manju Agrawal, deputy managing director, State Bank of India, the bank has seen that card spends on SBI PoS terminals have risen 3.4 times from pre-demonetisation days, though they had tapered a bit from an almost 5-times jump in December, but had steadied around that range since then.
31st July 2017
18% GST rate impacts service charges on debit card transactions
Implementation of 18% GST rate on financial services has made banking transactions such as cash deposit, ATM withdrawal, cheque book, and demand draft issuance costlier. The 3% increase in tax rate will be applicable for servicing charges on ATM, credit card and debit card transactions. Banks like Standard Chartered Bank, SBI and HDFC have been sending out SMS notifications to its customers about the increase in tax rate from 15% to 18% on banking services. The new tax regime has also impacted the insurance sector. 18% GST is applicable on life and health insurance plans. 2.25% GST will be levied on premium payments for endowment policies.
4th July 2017
Credit or debit card can be used for metro rides
Credit cards or debit cards can be used at the token vending machines in metro stations to purchase tokens or recharge metro smart cards for your metro rides. On 20th June, the Delhi Metro Rail Corporation (DMRC) launched the cashless metro smart card recharge facility and cashless token sale using a credit or debit card. The cashless facility is currently available in 6 token vending machines and 2 recharge card terminals at the Lal Qila Metro Station. The launch was inaugurated by Mangu Singh, the MD of the DMRC. Next, the facility will be launched at the Heritage Line for 36 token vending machines or recharge card terminals. The DMRC aims to make the cashless facility available in about 400 token vending machines or recharge card terminals by the end of 2017. By 2018, the DMRC plans to put another 500 machines at different metro stations. These vending machines will be equipped with CCTVs to ensure the safety of the commuters at the POS terminals.
21st June 2017