Debit Cards

International Travel Debit Card: Just like credit cards, choosing the right debit card can significantly enhance your travel and lifestyle experiences, allowing you to enjoy a world of offers and benefits.

Forgot to bring your ATM card? Here’s how you can withdraw cash without a debit card

Debit cards were one of the most convenient ways to carry money before. But the introduction of UPI has changed it totally. But what if you’re in urgent need of cash & don’t have your debit card with you? Well, we have the solution. Watch the video to find out.

RBI‘s circular on issuance of cards a win for customers, say experts

RBI in the draft circular said that card issuers shall issue cards across more than one card network and they should provide an option to the customers to choose any one among the multiple card networks.

Visa says co-branding offers opportunities for new categories to emerge

Before the pandemic, 60 percent of credit card spending was face-to-face, while 40 percent was through e-commerce. However, data from Visa now indicates this pattern has almost reversed.

Credit cards transactions rise 30.1% in FY23 in volume: RBI Annual Report

In value terms, payment transactions carried out through credit cards increased by 47.3 percent.

Finmin's Rs 7-lakh relief to taxing foreign spends on credit cards can't resolve TCS crisis

International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.

Why Visa and Mastercard have yet to face their Kodak moment

The fintech disrupters of the payments sector are no such thing

Fintech Files | Part-2: In the world of digital payments, UPI is the king

Indians are moving away from cash and traditional banking payment instruments and have wholeheartedly embraced UPI to make payments because of its ease and sheer convenience. Fintechs are driving this nationwide shift

Tokenisation adoption in full steam as deadline nears; players concerned over teething problems

With the new deadline coming right in the middle of the festive season, merchants are rushing to align with the norms to avoid any loss in sales.

RBI grants 3-month extension to certain provisions under credit, debit, co-branded card norms

RBI has granted an extension for three provisions in the norms. Meanwhile the norms that reduced the role of card issuing fintechs have not received any extension.

Contactless payments grew 6x in the last three years in India, says report

The highest adoption of contactless payments was observed in sectors like Quick Service Restaurants, pharmacies, food, grocery, etc. across both credit and debit cards.

RBI's new rules for credit, debit cards: All you need to know

The RBI (Credit Card and Debit Card - Issuance and Conduct) Directions, 2022 shall apply to all Scheduled Banks (except Payments Banks, State Co-operative Banks, and District Central Cooperative Banks) as well as all Non-Banking Financial Companies (NBFCs) operating in India.

2021: The year UPI became the undisputed payments champion

As of November 2021, the Unified Payments Interface had seen its transaction value surge 103% over 2020. And that steady clip is likely to continue into 2022.

Mastercard stops issuing new debit, credit cards from today

The RBI clarified that its supervisory action would not impact the services of the existing customers of Mastercard in the country.

SBI asks users to update PAN Card details through debit cards for international transactions

"Having trouble with the international transactions? Update your PAN details in the bank’s record to enjoy seamless foreign transactions through SBI Debit Card." SBI tweeted.

Beginning March 16, newly issued debit and credit cards won't allow international or online transactions unless asked for

To improve convenience and security of the credit and debit cards, slew measures had been announced by Reserve Bank of India in its 15th January notification.

New debit and credit card rules: Only domestic transactions at ATMs & PoS terminals at time of issuance

In case an existing card has never been used online or for contactless transactions, these features stand mandatorily disabled.

‘Customers prefer co-branded cards in popular categories such as airline, fuel and retail’

Every credit card may have a different due date and credit limit, so one can leverage it to the maximum. These are choices customers need to make based on their lifestyle and usage.

Viewpoint | Credit access to debit card holders, a potential game-changer for consumer spending  

This large untapped segment of potential borrowers has led banks and financial institutions to look for solutions to leverage the debit card penetration in the country.

Debit-cum-credit card: Should you opt for this combo card?

If card is hacked or stolen, then customer tends to lose out on credit limit and register loss from savings account

Your magnetic-strip card will get blocked tomorrow: Here's what you should do

SBI is giving its customers the upgrade for free if they apply by December 31, 2018.

Credit cards enable over 40% of India’s online travel bookings: Report

Average ticket size of the air travel booking done through credit cards is around Rs 6,000 whereas it is only Rs 1,200 for the non-air travel bookings

SBI to charge no-frills account holders, wallet users for ATM withdrawals

SBI introduces charges on cash withdrawals at ATMs by wallet users, basic savings bank account holders and more charges for IMPS transactions.