A debit card looks like a credit card but works like an electronic check. Why? Because the payment is deducted directly from a checking or savings account. If you use a debit card at a retail store, you or the cashier can run your card through a scanner that enables your financial institution to verify electronically that the funds are available and approve the transaction. Most debit cards also can be used to withdraw cash at ATMs (automated teller machines).

What should I do if I lose my Debit Card?

For loss of Debit Card, please contact our Customer Service Officer at 1800 363 3333 immediately to report the lost card to prevent unauthorised transactions. You may then request for a replacement card to be mailed to you.

How much does it cost to get a debit card?

A debit card is more secure than a bank card. Like a bank card, nobody can get at your cash without your Personal Identification Number (PIN). What's more, unlike a bank card, the maximum risk that you face is the amount of money stored on the card. With a normal bank card, someone who steals both your card and PIN may be able to clean out your entire bank account.

What is an RELOADABLE DEBIT CARD (RDC)?

There are lots of ways that debit card beats cash. To name just three: Debit card is more secure than cash. If cash is lost or stolen it is likely gone forever. If your debit card is lost or stolen, it can be replaced.A debit card is a global money and debit card. You can safely send a debit card in the mail.

How is the currency exchange rate calculated when the card is used outside of my Country?

Foreign banks and merchants usually send us withdrawals and purchase debits in their local currency. If that is different than the currency which you have chosen for your account we will apply a competitive exchange rate to convert it to your card's currency.

What What These Products Share?

debit cards can be used in more places. While you can use an ordinary bank card in many ATMs around the world, you often can't use them for merchant debit transactions outside of your home country. debit card can be used to send gifts or transfer money. Since an ordinary bank card and PIN gives the holder access to your full bank account, they are not a good way to send a gift or transfer money to others.

What is Accessibility and Qualification of debit cards?

Usually, but it depends on the issuer of the bill. If you can pay your bill electronically from a bank account or pay it with a debit or credit card then you can usually use your debit card to pay the bill, as long as there is enough money stored on the card.

What should customer do on receipt of DEBIT CARD?

Customers are advised to immediately sign on the panel on the back of the Card. However, to prevent any possible misuse, even before delivery of Card to customer, it has been made mandatory that Customer should first use the Card at ATM, which requires PIN to be entered.. Debit Card will be activated for use at POS only after it is used at ATM.