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Debit Card

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What are the eligibility criteria for the Issuance of a Debit Card?

Banks provide a debit card when you open a savings or current account. A debit card is an electronic card that gives you instant access to withdraw money from ATM. You can also pay for purchases made online or at retail stores using your debit card. If you have an international debit card, you can easily perform financial transactions worldwide. Generally, banks issue a CHIP-based debit card which stores your account details electronically.

The eligibility for a Debit card is directly linked to your savings account. So, to get a debit card, you must first open a bank account in your name. Once you do so, you automatically become eligible to obtain the debit card. However, check the below-mentioned criteria to get a debit card: