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  • Debit Card

    Debit Card
    • Make online transactions
    • Quick ATM withdrawals
    • Bonus points & gifts

    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

    1. 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.

    2. Visa Electron Debit Cards

      Visa Electron debit cards are very similar to Visa debit cards but these cards do not provide the overdraft feature.

    3. 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.

    4. 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.

    5. 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.

    6. 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.

    Merchant Discount Rate on Debit Cards

    The Reserve Bank of India has made an amendment to the Merchant Discount Rate (MDR) that would be effective from 1 January, 2018. For those that do not know, the Merchant Discount Rate is the amount the vendor/merchant has to pay the card associate (Visa, Mastercard, etc.) for every transaction. As per the new change, the MDR will now be based on the turnover of the merchant/company rather that the current slab-based structure. The MDR is applicable not only for transactions at POS terminals, but also for online transactions and QR-based transaction. As already mentioned, merchants/vendors/companies will be charged based on their turnover for the year and are segregated into two categories - merchants with a turnover up to Rs.20 lakh and merchants with a turnover more than Rs.20 lakh. For merchants with a turnover (previous financial year) up to Rs.20 lakh, a limit of 0.40% or Rs.200 will be charged for transactions online or at POS terminals. For QR-Based transactions, a the MDR will be capped to a maximum of 0.30% of the transaction or Rs.200. For merchants with a turnover (previous financial year) more than Rs.20 lakh, the applicable MDR for transactions made at POS terminals or online will be limited to 0.90% or Rs.1,000. For QR-based transactions, the MDR will be capped at 0.80% or Rs.1,000 per transaction.

    Merchant Category Merchant Discount Rate (MDR) for debit card transactions
    For POS Terminal and Online Transactions For QR-Based Transactions
    Merchants with a turnover up to Rs.20 lakh (based on previous financial year) Limited to 0.40% or Rs.200 (per transaction) Limited to 0.30% or Rs.200 (per transaction)
    Merchants with a turnover above Rs.20 lakh (based on previous financial year) Limited to 0.90% or Rs.1,000 (per transaction) Limited to 0.80% or Rs.1,000 (per transaction)

    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

    • 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

    • 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

    Credit cards

    • 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

    Transactions that can be done at ATMs

    Most individuals with ATM cards usually use ATM machines for the sole purpose of withdrawing cash. However, ATM machines perform other functions as well. They include:

    Payment of Utility Bills

    ATMs can be used to make payments for utilities such as electricity, insurance premiums, and telephone providers. However, these payments can be done only if the bills have not crossed their due dates.

    Requesting a cheque book

    Card holders can make requests for a new cheque book through the ATM owned by his/her bank. One thing to remember when making a request for a new cheque book is that the address provided to the bank is updated.

    Making credit card payments

    Most ATMs have an option for paying credit card bills. However, it is essential that the payment is made at the ATM that is owned by the bank where the credit card was issued.

    Paying taxes

    Card holders will have to register for the service of making their tax payments at an ATM. However, this service is only available for payment of direct taxes. After a card holder has registered for the service, the amount payable will be debited from the card holder’s account. Once debited, the card holder receives a Special Item Number (SIN) that should be added as a reference when filing taxes.

    Recharging mobile phones

    Cardholders can use their debit card to recharge their pre-paid mobile numbers. This can be done by visiting the ATM owned by the card holder’s bank. The process would require the card holder to enter their mobile number and their ATM PIN to confirm and authenticate the transaction.

    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.

    Transferring Money Using Your ATM Card

    With advancements in technology in the banking sector, it has become easier for people to carry out a number of banking transactions with the touch of a few buttons. Almost all banks these days offer internet banking facilities to help customers transfer funds to other bank accounts instantly. For those individuals who do not use their bank’s internet banking facilities, funds transfers can also be carried out using their debit cards.

    While this facility is not available for all bank debit cards, most popular banks do offer their customers this facility. Money transfers can be made through ATMs using a debit card by following the steps listed below:

    • Visit the bank ATM
    • Insert the debit card and enter the PIN number
    • Select the option titled ‘Transfer’
    • Enter the beneficiary’s debit card number
    • Enter the amount to be transferred
    • Select the account type—savings or current
    • Confirm the transfer

    Funds transferred through an ATM card are credited instantly to the beneficiary’s account.

    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

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

    6. 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.

    7. 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.

    8. 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.

    9. 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.

    10. 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.

    11. 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.

    12. 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.

    13. 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.

    14. 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.

    15. 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.

    Debit Card Benefits

    Debit Cards-FAQs

    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.

    Read Debit Card news or Enjoy it on the go Google Play

    • Visa Decreases Charges on Debit Card Payment Fees

      In an attempt to get more small merchants on board, Visa has slashed fees levied on debit card payments. An announcement circulated by the payment network stated that the rates would be cut up to 95%. The highest cut is likely to be applicable to payments below Rs.2,000. A spokesperson for Visa stated that the revision of the processing fees is an attempt to encourage digital payment usage across various types of merchants. Visa also anticipates an increase in the number of digital payments which will further support the country’s Digital India programme. In addition to encouraging digital payments, Visa is also making the fee cuts to compete with local payment network RuPay, which offers significantly lower rates than Visa. While RuPay has partnered with a number of payment banks and small finance banks for debit cards, the competition may get more intense between the two now that RuPay has begun to offer credit cards as well. The government has set a target of $30 billion through digital payments for the current financial year, of which a large portion is anticipated to come from debit card payments.

      15 June 2018

    • Oil Firms to bear higher transaction fees as banks refuse to budge

      While the Reserve Bank of India reducing the Merchant Discount Rate (MDR) in December in order to promote cashless transactions following the Government’s demonetisation move and their subsequent digitisation drive, wherein the MDR for small business was reduced to 0.4% for those with an annual revenue below Rs.20 lakh, and an MDR of 0.9% of transaction values upto Rs.1,000 - whichever is lower, and the Government of India aiding businesses and customers alike by offering to cover the MDR costs for transactions up to Rs.2,000, oil firms in the country find themselves in the soup with this regard. According to oil firms, the banks have refused consistently to reduce the transaction costs, as the Government has instructed them to cover the MDR charges of all their distributors, which costs them Rs.500 crore a month, oil firms are now in a position to accept the MDR of 0.75% for all transactions met by their distributors. According to an official, oil firms have requested banks across the country to reduce the MDR to 0.65% and reduce their overall financial burden, but banks have not budged with regard to this, forcing them to shell out crores a month with the current MDR at 0.75%.

      26 April 2018

    • Amazon collaborates with HDFC Bank to offer EMI with debit cards

      Till now, EMIs have been synonymous for credit cards only, one of the prime factors why people availed credit cards, but now, customers can also use their debit card to pay EMIs. In what is great news for HDFC Bank customers as well as Amazon customers, now, if the purchase exceeds Rs.10,000, then the customer can breakdown the payments into EMIs to make the pay for the product. Customers can choose a tenure for the payment - either 6 months, 9 months or 12 months. According to the heads of HDFC Bank and Amazon Pay, the collaboration will benefit both customers and will result in a lot more customers - especially debit card users - taking advantage of the offer - resulting in profits for both Amazon as well as HDFC Bank. Customers can choose the EMI option when checking out on the payment gateway page. They can choose the tenure they wish and make the first payment for the product. Following the first payment, the money will automatically be debited from the customer’s linked bank account every month.

      19 April 2018

    • You can now switch on and off your debit or credit card when making purchases

      With debit and credit card fraudulent activities rising to a whopping cost of more than hundreds of crores in a single financial year of losses for both the bank and the customer, Atom Technologies and Tranwall have come up with a solution to solve the online threat of card fraud. According to a source, Atom Technologies and Tranwall have come up with a technology that will enable the card user - both debit and credit card - to switch off and on the usage of card when they feel like - even when they are making a transaction. If the customer chooses too, he/she can abort a transaction by switching off their card, and in cases when the card is switched off, no transactions can be carried out using the card - preventing debit and credit card duplication which results in the customer’s money being swiped clean. The whole process has to be done through an app on a smartphone which has been developed by Atom Technologies and Tranwall. In addition to this breakthrough invention for debit and credit cards, customers will be notified for every transaction, and following their approval through their smartphone, he/she can carry on with the transaction - a move that offers the card holder complete security when making a transaction.

      26 March 2018

    • Are you a Chennai Super Kings Fan? This debit card is just for you

      In what would delight Chennai Super Kings fans, Equitas Small Finance company has just joined hands with former champions Chennai Super Kings as their brand ambassador for a tenure of three years. With this not being the biggest silver lining, Equitas has rolled out its very own small savings bank account called the Yellow Army Savings Account. This specialized cricket fan account will offer an interest rate of 6% for accounts with deposits less than Rs..10 lakh and 6.5% for accounts will a balance more than 6%. Apart from the high interest rate over deposits, the savings bank account comes with privileges such as personal accident cover for all account holders up to Rs.5 lakh, air accident cover up to Rs.30 lakh and lost card liability up to Rs.25,000. The Yellow Army Savings account comes with an average quarterly balance of Rs.10,000, and account holders are granted a free debit card when opening the account. Through this specialized Chennai Super Kings debit card, enthusiastic customers can buy movie tickets, fine dine, buy Lifestyle products and travel tickers and so on at attractive discounts. In addition to this, the biggest perk for Chennai Super Kings fans is that by using this account, they can avail merchandise of the club at a flat discount of 15%.

      26 March 2018

    • You can soon pay the postman using your debit card

      Aligning with the digitisation drive which was spurred by the Government of India, now, your local doorstep postman will carry around a POS (point of sale) machine for you to make payments using your debit card. Just recently, the Reserve Bank of India has given post offices across the country the green signal to allow customers to open a savings bank account with them and in addition, to subscribe to various saving schemes as well. In order to help customers especially from rural areas - who do not have access to close-by ATMs - postmen across the country will be given a POS machine for customers to make payments for their parcels. Just last month, the Post Office Payments Bank was rolled out by the Government of India in Raipur and Ranchi as part of their digitisation drive. Through Post Office Payments Bank, customers that do not have access to banking facilities can open an account with minimum documentation. This will ensure that people hailing from the rural areas have access to banking facilities.

      19 March 2018

    • All RTO processes to be shifted online

      In order to make all procedures related to the Transport Department seamless and efficient for customers, most processes are going to be shifted online. As per a source, the RTO is all set to launch its online portal where customers can even purchase their driving license or make a renewal and pay for it using their debit card. In addition, the RTO wants to push it to a point where customers do not even have to visit the RTO to get their driving license done and can even check their pending cases on the RTO’s proposed portal. That said, the RTO has still has to implement the use of credit card for their services.

      5 March 2018

    • No MDR charges for railway booking

      According to a source, the Railway Ministry has waived off the merchant discount rate for all railway bookings on the IRCTC website. Till now, customers were charged a booking fee for paying using their debit cards, but now, this charge as now railway bookings will be considered as government receipts. However, just to clarify, the MDR exemption is applicable for transactions up to Rs.1 lakh only. The Ministry has informed the ministry of expenditure the same and no MDR will be applicable from now on. Furthermore, as per the choice of the passenger, the ticket will now be printed in the local language.

      5 March 2018

    • Citibank bans purchase of bitcoins using their plastic cards

      Following Finance Minister Arun Jaitley's speech at the Union Budget saying that the Government of India will not consider bitcoins and cryptocurrencies legal tenders and in no way can citizens make transactions using them in the country, and the Reserve Bank of India's notification cautioning citizens about the use of bitcoins in the country and that at present they are not considered legal tenders, Citi Bank wrote a message to all its customers saying that it will disallow them from buying bitcoins and cryptocurrencies using Citi Bank debit cards and credit cards. In a message from the Reserve Bank of India, it said citizens of the country using bitcoins and cryptocurrencies will be doing so at their own risk. The bitcoin use comes to light especially when the Government is taking strides to crack down on black money laundering in the country.

      21 February 2018

    • Digital transactions surpass 1 billion for January 2018

      In 2016, the Government of India announced the demonetisation of high value currencies, this move was in line with their digitization drive, to get people to rely on cashless transactions rather than physical money. This move resulted in an almost immediate spike in the number of transactions carried out through debit cards, credit cards, and through the net banking facility. By the end of January, 2018, the RBI recorded a whooping 1 billion cashless transactions that have carried out in a single month through the online banking facilities, credit cards and debit cards. To total it up, more than 130 trillion rupees was spent in just January 2018, as a result of cashless transactions.

      8 February 2018

    Debit Card Reviews

  • Page 1 of 34 1 2 3 4 5
    • Bank Bazaar Debit Card
      "Account opening"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for our future needs.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 22, 2018
    • Bank Bazaar Debit Card
      "Good experience "
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Easy to submit and fast acceptance. I am very pleased with the bank procedure to open a saving account and I am interested to open an account earlier as possible in Delhi. I also recommend my friends to open account in Indus Ind bank. Thanks for to allow to open my account.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 21, 2018
    • Bank Bazaar Debit Card
      "This is my home bankbazaar"
      INDUSIND BANK LTD
      0.5 3.0/5 "Satisfactory"
      Because we are so happy there is no need to visit any branch of Hyderabad. It is very much helpful thank you so much bankbazaar. Also, it is very easy to open a bank account. Its because of that, I like bankbazaar. Thank you once again Bankbazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 20, 2018
    • Bank Bazaar Debit Card
      "Service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      This is my first time with BANK BAZAAR . The customer service and responses was good. The website is every user friendly and its easy navigate . The web portal's accuracy and speed is also good.My overall experience was good so its recommendable.,
      Was this review helpful? 5
      , gurgaon
      Reviewed on Jul 16, 2018
    • Bank Bazaar Debit Card
      "Very Good"
      YES BANK
      0.5 5.0/5 "Blown Away!"
      Good online services for our Bankbazaar :) And Useful In formation For the best Oppurtionty Offers Extra facility's Good Responsibility Activities Nice Bank Account Debit Or Credit Card Availability And Easy To Software Workings Thank You Bank%azaar.
      Was this review helpful? 3
      , tirupati
      Reviewed on Jul 15, 2018
    • Bank Bazaar Debit Card
      "NICE BANK & NICE PERFORMANCE"
      INDUSIND BANK LTD
      0.5 4.5/5 "Excellent!"
      Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for our future needs.
      Was this review helpful? 5
      , jodhpur
      Reviewed on Jul 08, 2018
    • Bank Bazaar Debit Card
      "good service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Good website bank bazaar and very easly to apply any account and in any branch now apply for all customers And The website gives great service, and is easy to comprehend with! It is very easy to open an account and compare many banks at the same time! Wonderful experience for me, and I recommend this to everyone. Must use this, for easy account opening guys
      Was this review helpful? 5
      , mumbai
      Reviewed on Jul 04, 2018
    • Bank Bazaar Debit Card
      "Very Good"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for future needs.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jul 04, 2018
    • Bank Bazaar Debit Card
      "Account opening"
      YES BANK
      0.5 4.5/5 "Excellent!"
      Its an amazing website so far with easy documentation, lets wait for the next step. i have applied for zero balance saving account, so far not much document required, and customer service is excellent and they provide a quick responsive its great.
      Was this review helpful? 7
      , guwahati
      Reviewed on Jul 03, 2018
    • Bank Bazaar Debit Card
      "I like bank bazar it is very good for car and insurance"
      YES BANK
      0.5 5.0/5 "Blown Away!"
      Excellent service Bank bazaar is very good for all customers for car,bike ,home loan. Bank bazaar is very use ful awesome platform to open savings account it will make dreams come true it will with me 24/7 it is very simple and easy to use i m so happy with the paperless transactions. I got a very good knowledge about the portal and it is good in many ways.
      Was this review helpful? 6
      , patna
      Reviewed on Jun 27, 2018
    • Bank Bazaar Debit Card
      "Excellent "
      YES BANK
      0.5 5.0/5 "Blown Away!"
      Excellent service Bank bazaar is very good for all customers for car,bike ,home loan. Bank bazaar is very use ful awesome platform to open savings account it will make dreams come true it will with me 24/7 it is very simple and easy to use i m so happily with the paperless transactions. I got a very good knowledge about the portal and it is good in many ways.
      Was this review helpful? 6
      , chennai
      Reviewed on Jun 26, 2018
    • Bank Bazaar Debit Card
      "VERY GOOD "
      INDUSIND BANK LTD
      0.5 4.5/5 "Excellent!"
      The website gives great service, and is easy to comprehend with! It is very easy to open an account and compare many banks at the same time! Wonderful experience for me, and I recommend this to everyone. Must use this, for easy account opening guys Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for future needs.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jun 26, 2018
    • Bank Bazaar Debit Card
      "Gold's Gym"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Good website bank bazaar and very easly to apply any account and in any branch now apply for all customers And The website gives great service, and is easy to comprehend with! It is very easy to open an account and compare many banks at the same time! Wonderful experience for me, and I recommend this to everyone. Must use this, for easy account opening guys
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jun 26, 2018
    • Bank Bazaar Debit Card
      "good service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for future needs.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jun 26, 2018
    • Bank Bazaar Debit Card
      "GOOOD"
      INDUSIND BANK LTD
      0.5 4.5/5 "Excellent!"
      The website gives great service, and is easy to comprehend with! It is very easy to open an account and compare many banks at the same time! Wonderful experience for me, and I recommend this to everyone. Must use this, for easy account opening guys
      Was this review helpful? 6
      , chennai
      Reviewed on Jun 24, 2018
    • Bank Bazaar Debit Card
      "good"
      YES BANK
      0.5 4.5/5 "Excellent!"
      Excellent service Bank bazaar is very good for all customers for car,bike ,home loan. Bank bazaar is very use ful awesome platform to open savings account it will make dreams come true it will with me 24/7 it is very simple and easy to use i m so happy with the paperless transactions. I got a very good knowledge about the portal and it is good in many ways.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jun 23, 2018
    • Bank Bazaar Debit Card
      "good service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for future needs.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 21, 2018
    • Bank Bazaar Debit Card
      "the best banking side in the best service "
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good site for banking guidance you can get to know your credit score at once and also know the best options suited for your requirement, these people also calls you and assist in the best way. I really felt it is helpful and will refer the site for future needs.
      Was this review helpful? 7
      , pune
      Reviewed on Jun 21, 2018
    • Bank Bazaar Debit Card
      "Madhu"
      YES BANK
      0.5 4.5/5 "Excellent!"
      This is very useful for all, also it is very easy to get details of all the people, also detailed given by the banks and the customers,and all over the customers,in our through india,this is more useful for the employees like all type of employees and many more,etc,.
      Was this review helpful? 5
      , tirupati
      Reviewed on Jun 18, 2018
    • Bank Bazaar Debit Card
      "Excellent service"
      YES BANK
      0.5 5.0/5 "Blown Away!"
      Excellent service Bank bazaar is very good for all customers for car,bike ,home loan. Bank bazaar is very use ful awesome platform to open savings account it will make dreams come true it will with me 24/7 it is very simple and easy to use i m so happily with the paperless transactions. I got a very good knowledge about the portal and it is good in many ways.
      Was this review helpful? 5
      , bhubaneshwar
      Reviewed on Jun 18, 2018
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