After demonetisation in india, Use of Debit Card, Credit Cards, UPI payments, and online banking has increased significantly. Different bank provide various services to its retail as well as corporate Bank customers. Bank Account holders can avail services like Fund transfer, Bill Payment, Apply for a new Debit Card, Apply for a new Credit Card, open a new FD/RD account and book tickets and much more without paying any additional charges or fees provided that they have an internet connection and their mobile number is registered with the Bank.
A debit card most popularly also known as a bank card, plastic card or check card is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money is immediately transferred directly from the cardholder's bank account to pay for the transaction.
Some cards carry a stored value with which a payment is made (prepaid card), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card. This is referred to as a virtual card.
In many countries, such as most of Western Europe, the use of debit cards has become so widespread they have overtaken checks in volume, or entirely replaced them, and in some instances, also largely replaced cash transactions. The development of debit cards, unlike credit cards and charge cards, has generally been country-specific, resulting in a number of different systems around the world, which were often incompatible. Since the mid-2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases.
Debit cards usually also allow instant withdrawal of cash, acting as an ATM card for this purpose. Merchants may also offer cashback facilities to customers, so that a customer can withdraw cash along with their purchase. There are usually daily limits on the amount of cash that can be withdrawn.
debit card come with a wide range of benefits for its bank customers. Using this Card, ATM Services and purchase facility at Point Of Sale (POS) Terminals can be availed by the Card Holders. ATM Card holder of our Bank is also able to use ATMs of NFS and VISA member Bank