|Advantages of Debit cards
Advantages Of Debit Cards
What is a Debit card:
The Debit card is a type of card, which has made in plastic.on the Debit Card, there has a Black magnetic strip on the back side of the card, and a Chip on the front side. all the data of the customer where stored.on the Debit card a special serial number is there. the Debit Card go to the customer, before that, the bank links the serial number with the customer account.for that the customer can asses all his banking needs without goes to the bank with the debit card.
Debit card Generator:
For getting a Debit Card the bank customer needed to apply for Debit card in the bank.to get Debit Card the customer goes to the bank and take a Debit card apply form. fill the form and gives to bank authority. after verifying the details, the bank gives Debit card to the customer.
to apply for Debit Card online, a customer needs to use internet banking.you can log in your internet banking and click on debit card service.on it select to apply for a new debit card. submit your details .thats it.
Advantages of Debit Cards:
Advantages of Debit Card is more. after use of a Debit Card, a customer no need go to the bank for withdrawing money for his need.he can withdraw money from ATM’s. and now the advantage of a debit card is very much, so no one needs to withdraw money. anywhere you can pay with your Debit card. because now everywhere POS(Point of Sale0machines are available. you can swipe your card there and your money deducts from your account and transfer to the merchant account. now if you fill petrol, there swipe machine. if you go to the shopping mall, the swipe machine there. if you go to medical, swipe machine there. almost everywhere you can transact with Debit card.so you no need to carry cash. all so there no worry about money theft.
The main Advantage of Debit card, if you used the Debit Card in an online platform to pay your bill.you will get reward points and cash back also.you can use the reward point to recharge mobile phone, pay electricity bill etc.
Most Advantages Of Debit Cards:
There has the most advantageous feature of using Debit Card is, the Debit card have accidental Insurance.which is inbuilt. the customer does not pay any extra money to get the benefits of accidental insurance. but there has some condition and the condition varies from bank to bank and card to card. for terms and condition, you can ask your bank.now the question is what is accidental insurance and how a customer benefits from it.
accidental insurance means, the death of a person without natural. that may be a road accident.in any case, if a Debit card Hoder death accidentally, the nominee of the customer get the insured amount. it will different from Debit card to Debit Card. for Rupay classic debit card, the insured amount is One lakh. for Visa Gold debit card the amount is 2 lakh.so the insured amount varies from bank to bank.its depend on the customer, that which Debit card they want. the Debit card and the annual charge of the Debit card are Different.
Last word For Advantages Of Debit card:
There are many more advantages to using the debit card.so everyone will need to use Debit card. but with care. because of now online thief take the debit card details of the customer and withdraw money online.so don’t tell anyone of your debit card details like Debit card Number, CVV, password, expiry date even they tell that I am from the bank.becuse as the guidelines of the Reserve Bank Of India, the bank doesn’t ask this type of details.
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