Debit cards have become an increasingly popular mode of payment in recent years. They offer convenience, flexibility, and security that cash simply cannot match. In this blog, we will explore the various benefits of using debit cards, how to apply for one, and more.
If you already have a debit card and are wondering how it works, here’s a quick read on Debit Cards.
Benefits of debit cards
Debit cards offer many benefits that make shopping and paying easier, safer, and more convenient. Here's how:
- Easy to use: Debit cards are the only thing you need to carry these days. You can use them to buy things online and in stores. It's fast and easy.
- Cash withdrawals: With a debit card, you can get cash from any ATM. You can find ATMs almost everywhere in India.
- Safe and secure: Debit cards are safer than carrying cash. If your card is lost or stolen, you can call your bank to block it. Only you know your PIN, which keeps your card safe.
- Keep track of your money: You get a message on your phone every time you use your debit card. This helps you keep track of your money. It also helps you see if someone else is using your card.
- No extra costs: When you use a debit card, you spend your own money. You don't have to pay any extra fees or interest.
- Stay within your budget: Debit cards can help you spend within your budget. You can only take out a certain amount of money each day. This helps you stay within your budget and keeps you from spending too much.
How to apply for a debit card?
Here's how to get a debit card online in 5 easy steps:
- Choose a bank account: If you already have an account with a bank, you may be able to apply for a debit card from the same bank. Alternatively, you can explore other banks that offer great benefits for debit cards.
- Check the benefits: Most banks offer various options with different benefits and withdrawal limits, so be sure to select the card that best suits your needs.
- Prepare the documents: To apply for a new debit card, you will need to fill out the required information and provide documents such as copies of your ID proof, address proof, and PAN card.
- Apply and submit the application: After submitting your application, your debit card will be issued within a few working days.
- Create a PIN: Once you receive your debit card, you will need to generate a unique Personal Identification Number (PIN) that you will use for every transaction. This can be done online or by visiting the nearest ATM of your bank.
How to find your 16-digit debit card number? Read this blog to know!
Conclusion
Debit cards offer a plethora of benefits that make them a preferred mode of payment for many consumers. They are easy to use, provide greater convenience, and offer enhanced security compared to cash. Also, debit cards can help you keep track of your spending, stay within your budget, and avoid unnecessary fees and interest charges.
Seen the cool green Fi-Federal Debit Card yet? It offers zero forex!
The Fi-Federal co-branded debit card offers several features, including zero Forex charges on select plans. This means you can make purchases abroad without worrying about additional charges. The card also allows for contactless payments using the 'Tap and Pay' feature, and transaction limits can be set from the app. In addition, you can enjoy a range of offers from top brands in food, shopping, travel, and entertainment. The app also allows you to easily freeze or unfreeze your card, making it a convenient option for those who struggle to stick to a budget.
Moreover, there are no annual fees for the Debit Card — if you are on the Infinite plan or a Fi Salary Program user. If you are a Plus or Standard Plan user, it's ₹299+GST.
Frequently Asked Questions
1. How to Get a Debit Card?
To get a debit card, you need to have a bank account. Additionally, you may have to submit certain documents, such as proof of identity, proof of address, and PAN card.
2. How Can Minors Get a Debit Card?
Minors can get debit cards by opening joint accounts with a guardian. The card will be issued under both their names.
