A debit card is a payment card issued by a bank that allows you to access money directly from your bank account to make purchases or withdraw cash. It is linked to your savings or current account, and the amount is immediately deducted from your account balance when you use it. Key Features of a Debit Card: 1. Linked to a Bank Account The card works only if you have sufficient funds in your account. 2. Used for Payments and Withdrawals Can be used at shops, online websites, and ATMs. 3. Immediate Deduction When you swipe or tap the card or enter the details online, the money is instantly debited from your account. 4. PIN-Based Security Most transactions require a Personal Identification Number (PIN) or OTP (for online use) for security. 5. No Credit Facility Unlike credit cards, debit cards do not allow borrowing. You can spend only what you have in your account. 6. Issued by Banks Almost all banks in India issue debit cards when you open a savings or current account. Common Uses: Withdraw cash from ATMs Make purchases in stores (via card swipe, chip, or contactless tap) Online shopping and bill payments Link to apps for UPI and digital wallets Types of Debit Cards in India: Rupay Debit Card (domestic network) Visa Debit Card Mastercard Debit Card Contactless or NFC-enabled cards Summary: A debit card is a convenient and secure way to access your own money stored in a bank account. It allows cashless transactions and helps you manage your expenses by ensuring you don’t spend more than you have.

Dear Client, A debit card is a payment card which is given to you by a bank which is directly connected to your savings or checking account. It is a handy alternative to cash in that you can access your own money to purchase and withdraw. Primary Uses • Purchases: You can make a purchase at a brick-and-mortar store (swiping or tapping) and online. • ATM Access: It is ATM card, you can get cash, deposit money or monitor the account balance at any Automated Teller Machines. I hope this answer helps; if you have any further questions please don’t hesitate to contact us.