INDIAN DEBIT CARD...

Carrying cash with oneself can become quite a trouble especially if you are going shopping and need to buy stuff worth a lot of money. But carrying cash these days has become old fashion. People now prefer carrying electronic cash with is more compact and safer than carrying cash. It is easy too to keep a track as to how much one has spent.

Debit card is different from a credit card. Credit card is the card where you are given credit for a certain period of time. That credit has to be paid back to the credit card company along with the interest. Whereas in the case of debit card, the money you are spending is from your own bank account.

The Indian banks now offer debit cards to all its account holders for free. No interest or service charges are added to the billings of these debit cards. Also the debit card is not included in the list of Compulsory Income Tax Return Filling. These cards can also be used at ATMs for withdrawal of cash. For customers having a joint account can get the luxury of having two debit cards for the same account. The account holder can withdraw money a maximum of four times in a day.