Learn how to apply for new Debit Card with our step-wise guide.
Most of us are now accustomed to using debit cards. They offer ease of use and enable cashless transactions. Debit cards reduce the need to carry cash all the time while allowing you to access funds in your bank account at any time. Essentially, the debit card is linked to your bank account, and each time you swipe it, funds are automatically debited from your account and transferred to the payee's account. Of the many benefits you get with debit cards, a prominent one includes applying for the card online through your net banking account. Find out how to apply for a debit card online in this article.
Typically, your bank provides a debit card when you open an account. However, if you wish to avail of an additional debit card or apply for a replacement one, you can apply for the card online. Here are the steps on how to apply for a new debit card.
The bank will send you a notification upon receiving your application.
Most banks typically start the process of printing and sending your debit card at the earliest. It generally takes 2-7 days from the date of application, irrespective of whether you placed your request online or offline. Note that you will mostly receive your debit card PIN (personal identification number) in a separate consignment as a security measure.
Debit cards have simplified banking and eased payments. In most cases, you need not apply for a card unless you wish to change your existing card or apply for an add-on card. For instance, if you want to use a debit card abroad, you may need a Master or Visa card as Rupay cards are not accepted abroad. Applying for the card is incredibly easy, and the process is streamlined further with your internet banking account.
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*Disclaimer: This article is for information only. We recommend you get in touch with your income tax advisor or CA for expert advice.