Debit card has great importance for a bank account holder. It is used in many ways in transactions. There are many types of debit cards in use in India which are available on the basis of different uses. Banks offer different types of cards to their customers. But have you looked at these different debit cards? Some cards come with many reward points and benefits. This entirely depends on your usage of the card.
There are so many types of debit cards in India
Visa Debit Card: Visa debit cards issued through partnerships with Visa Payment Services use the Verified by Visa (VbV) infrastructure for secure online transactions.
RuPay Debit Card: Developed by the National Payments Corporation of India (NPCI), RuPay debit cards are designed for home use. They facilitate online transactions on the Discover Network and ATM transactions through the National Financial Switch Network.
MasterCard Debit Card: MasterCard Debit Card, one of the most widely used cards for electronic transactions worldwide, allows you to access your savings or current account for payments and withdrawal of cash from ATMs. These cards come with great benefits and rewards.
Maestro Debit Card: Maestro debit cards are accepted worldwide. Customers can use them to withdraw cash from ATMs globally and make payments for both online purchases and in-store transactions.
Contactless Debit Card: It uses Near Field Communication (NFC) technology, the contactless debit card allows you to make fast payments by tapping or waving your card near POS terminals.
Visa Electron Debit Card: Visa Electron debit cards are similar to Visa debit cards, but they do not offer an overdraft option.
What is printed on the debit card
The name of the card holder, 16 digits of debit card number, card issue and expiry date, EMV chip, signature bar, card verification value (CVV) are printed on the debit card. Debit cards are plastic cards that allow electronic transactions to be made using money from a savings account. Debit cards look similar to credit cards, but they work differently.
