What is Debit Card, and how to use it?

If you have a bank account, you would obviously know what ATM or Debit Card is? But if you are opening your account in a bank for the first time, then there will be a lot of confusion in your mind regarding plastic cards. To overcome this problem of yours, we will give you complete information about the debit card in this post.

In the post, you will get answers to these questions-

• What is Debit Card?
• What is the function of a debit card?
• What are the benefits of a Debit Card?
• How to make payment by debit card?

So let's first know about what is a debit card and then we will talk about its other aspects.

What is a debit card? 

Debit Card is a Plastic Money Card, which we can use to withdraw money from ATMs and make an online payment. 

Debit Card is completely prepaid, due to which the money withdrawn on every transaction is deducted from your account. A 16-digit number is written on the front side of the card, in which the first 6 number is called Bank Identification Number, and the last 10 number is the account number of that cardholder.

• Apart from this, the card has a CVV (card verification value) code of 3-digit on the backside, which we use as a security code to complete the online transaction.

Let us now know about the benefits of debit cards.

Advantages of Debit Card

1. The first advantage is that one gets rid of the habit of keeping cash. Because Debit Card is directly linked to your bank so that you can withdraw money from your ATM using it wherever you need cash.
2. Using this, you can make an online bill payment, mobile recharge, ticket booking, and online shopping sitting at home.
3. On buying a product at a shop or having dinner at a restaurant, you can also pay its bill with a Debit card.
4. A big benefit of a Debit Card is that if you go for a walk, you do not need to be afraid because, on every transaction, you have to enter your confidential PIN. So even if someone gets it, he cannot withdraw your money.
5. You are not charged any fees or service charges for having a debit card. However, some charge is taken for withdrawing money more than once a month.

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Debit Card

How many types of debit cards are there?

The types of “Debit Card” in India depend on the payment platform associated with the card. These are of several types, the main ones being:

•  Visa Debit Card
• Master Card
• RuPay Card
• Contactless Debit Card
• Maestro Debit Card

If you are confused about what is the difference between them, then let me tell you. All these are supposed to be payment processing networks, but there are some differences between them when there are different network companies. However, their purpose is the same.

How to make payment with Debit Card?

We usually use Debit Card for withdrawing money or for online payment. Especially in today's environment, the use of debit cards is excellent in making online payments. All e-commerce websites give you the option to pay through debit cards. For example, if you do online shopping from Amazon, then you can pay in this way.

For this, when you are on the page of Select a Payment Method. So you see many payment options there. Out of which, you have to choose the option of a Debit Card.

After doing this, you can choose your bank.

Finally, fill in the details (Name on card, card number, expiry date, and CVV code) of your Debit Card and click on Continue.

Now an OTP password will come on your registered mobile number, which you have to put here. Wait a few seconds; your transaction will be completed. Hope this post What is Debit Card? You must have got to know about it.