Debit card has become very common these days. Growth of the financial sector worldwide has made the mode of payment system easier resulting a common use of debit card.At the time of making purchases, the person through debit card can make the purchases and get deducted directly from his account. A Debit Card provides for on-line electronic payment from your savings / current accounts for purchases and access to ATMs for cash withdrawals and enquiries. It can be used both as an ATM card and as a method of payment when purchasing goods and services, in India and overseas.
You can keep track of your expenditure on the card as the details of every transaction at the merchant outlet are mentioned in the monthly bank statement. The details would include the name of the merchant, the transaction amount and the date of the transaction.
Card insurance, thus making the product more secure and safe. When you lose the card all you need to do is call up our 24 Hour Customer Care Centre and report the loss. You are protected from any liability arising on the Card from the time the loss is reported to us. No Insurance cover is provided for cash transactions at ATMs.