The debit card is also a syntheticalical card, It is made up of plastic sheet and some more material. The debit card is an electronic check about money is taken away. We can use anywhere . It is the new method between buyers and sellers of a good, when we use debit card we do not have to show personal identification in order to finish the translation. The first use of debit card is in 1975. It is a plastic card , the customer withdraws money have the cost of purchase directly to the holder’s bank account It is a type of prepaid card , It helps to control the your wasting of more money.It looks almost like the credit card.It also can be used in ATMs. It draws on your actual funds.
The debit card is also handy to use. When we used the debit card the money can easily deduct from your banking account , Debit cards help us to sharpen in a budget. There are following advantages of Debit card :-
Anywhere & any time : – we can use a debit card at a anywhere and time . We can withdraw upto 50,000 Rs in a day , we can use a debit card for shopping, and other usage like a gas station and we can also use on the internet, for purchasing something.
Better protection : –
Debit card offers a better protection to the customer , It is difficult the use of debit cards for criminals if they don’t know the identification numbers.
Easily manage: –
debit card is easy to manage while we are going off station , it is very small and thin . To avoid scratching debit card covered with plastic layer which helps to avoid scratching the sensitive surface.
Free Insurance: –
Debit card customers can get free insurance. Bankers can provide the facility of insurance to attract the new customers. This helps to banks because this scheme maintains the customer strength.
Details of the balance: –
We can easily get the details of our last 10 transaction on our account.
Transfer of funds:–
It ensures immediate transfer of funds to the customer’s bank account. There is almost no need to go the bank for manual transfer of cash. It saves over time and gives secure and comfortable.