What Is A Debit Card, Its Purpose And Safety? |AU Small Finance Bank
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What is a Debit Card?

    We have all experienced the odd day of leaving the house without cash. In such a situation, debit card comes in handy. It is one of the most popular modes of transaction today.

    A Debit card is a card that enables you to buy goods without having cash in hand. It is also referred to as plastic money. Debit card apke bank account se linked hota hai. All transactions made through your debit card are reflected in your Bank Account Statement. Iss statement se aap apne expenses ko easily track kar sakte hai.

    There are a few companies that Debit Cards are issued on, like Mastercard and Visa. The card has 16 digits number knows as the Debit Card Number. The digits are separated into 2 parts. Digits 0-6 identifies the issuer company, that is, whether the card is Mastercard or Visa. Digits 7-16 identifies the bank that issues the card, account type, etc. The card also consists of an Expiry date in front and a 3-digit CVV number at the back.

     

    What is the purpose of debit cards?

     

    Debit cards are used for two main purposes:
    Firstly, apne account se cash withdraw karne ke liye using an ATM machine. Secondly, to transact at a retail store or online store to buy goods. All this is done through the Permanent Identification Number (PIN) given by the bank.

    While making a purchase at a physical retail store, you do it on a card machine know as POS (Point of Sale). It is very easy and convenient. The merchant types the transaction value. All you need to do is input your ATM PIN number on the POS device.

     

    Debit Card Safety

     

    While using a debit card, there are certain ways you can ensure the safety of your card. As all the transactions through debit card can be done only when you know the PIN, safety becomes very important. This PIN is given by the bank. Isliye humein apna PIN kisi ke sath share nahi karna chaiye. Secondly, you should report loss of card to your bank immediately, otherwise, your card could be used for wrong purposes and you might lose money or be a victim of fraud.

     

    Conclusion

     

    In this wave of demonetization and digital India, why not have a debit card and make life cashless? Get a debit card now. All you need to do is contact your bank and link your account to the card.


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