Types of Debit Cards available in India

Making purchases has never been easier thanks to debit cards. Debit cards have made it easier for us to get our hands on money. Additionally, these cards may be used to make online purchases at domestic and foreign shopping websites. There are several advantages to carrying this card in your wallet. Banks give debit cards to customers who have savings accounts with them. Corporate entities are also given debit cards. They are connected to a checking or savings account. When you use your debit card to make a purchase, the money is taken directly out of your bank account. Debit cards come in a variety of shapes and sizes. Understanding the qualities of each card is vital. Using this method can help you get the most from your credit card. Knowing about the various financial products on the market is also beneficial. Debit cards types available in India: Debit cards in India are classified according to the sort of payment platform they are attached to. Debit cards issued by several Indian financial institutions include the following. Rupay Debit Cards: The National Payments Corporation of India (NPCI) issues several sorts of debit cards under a domestic debit card programme. . The RuPay debit card may be used for a wide range of domestic transactions, including online and retail purchases, utility bill payments, and other such things. For those who live in more rural areas, these debit cards provide a convenient way to access their bank accounts. All major public and private sector banks issue RuPay debit cards. Due to its low transaction fees and wide availability, RuPay is a viable payment option even for those living in remote places. Contactless Debit Cards: Paying with a debit card without swiping it is possible with contactless debit cards. You can pay by just waving this card in front of the payment terminal. The transaction will be handled automatically. Faster cashless transactions are made possible by the use of these debit cards. NFC (Near Field Communications) or RFID (Radio Frequency Identification) is the technology behind these debit cards. The PoS terminal is linked to the card via these methods. For electronic payments, debit cards like these are a safe and secure way to go. The cashier does not need to see your credit card. As a result, your debit card information cannot be duplicated or stored by the cashier. There are contactless cards issued by major Indian banks including SBI, Axis Bank, and HDFC Bank. Visa debit cards: As far as online and electronic transactions go, Visa debit cards are the most widely accepted. Banks who have partnered with the Visa Payment System network issue these sorts of debit cards. A secure payment mechanism known as Verified by Visa is used to process online purchases securely. An overdraft option is available to cardholders as well. You'll find many Vis Debit cards on the market. Visa Classic Debit Card, Visa Gold Debit Card, Visa Platinum Debit Card, Visa Signature Debit Card, and Visa Infinite Debit Card are the most often issued cards by banks. There are differences between each card. VISA ATMs may be found all throughout the world, including in India Visa Electron Debit Cards: With the exception of no overdraft facility, Visa Electron debit cards are virtually identical to Visa debit cards. In order to avoid overspending, you can use debit cards like this one. At local and foreign ATMs, these debit cards are accepted. Withdrawing cash with a Visa Electron debit card incurs no interest charges. All sorts of transactions can be made at a PoS terminal. However, Visa Electron debit cards are not accepted in Australia, Canada, the United States of America, and the Republic of Ireland. Please be aware of this. Offline payments using a Visa Electron debit card are not possible due to the PoS terminal's inability to check if funds have been sent in real time. Visa Electron debit cards are issued by the majority of Indian banks, including Syndicate Bank, Bank of India, and Bank of Maharashtra.

Types of Debit Cards available in India