A Comprehensive Guide to Different Types of Debit Cards in India

The advent of debit cards has added convenience to the way an individual handles their fund safely. The plastic card is powered with seamless transaction abilities allowing the cardholder to make cashless transactions. A step closer to digital banking , debit cards have brought the Indian population closer to realizing the ease of handling virtual cash from their savings or current accounts. With time, the ATM Card has merged into the debit card with several other facilities. Banks have introduced different types of debit cards ranging from contactless to swipe cards, the digital revolution boosted by the banking sector has widened its multiple uses. For detailed knowledge of the different types of debit cards , read on to understand the specifics of each.

A Quick Insight into Debit Cards

When an account is opened, the banks offer an additional debit card. There are various types of debit cards offered by banks, with almost similar features as a credit card , barring credit. With debit cards, users can track their funds and spend from their savings. Debit cards are also issued to corporate entities linked to current accounts. Let us take you through the different types of debit cards in India, and their features.

Different Types of Debit Cards in India

Transforming monetary transactions, debit cards allow access to instantly use cashless funds and withdraw money from ATMs. From paying bills to making online payments, the concept of digitizing payment was initiated speedily with greater community engagement with debit cards. Let us find out how many types of debit cards are there in the market.

Visa Debit Cards

Visa is the most common type of debit card globally accepted and extensively used in India. Amped with additional security, the card is layered for safety and protection when transactions are performed. The bank issues these debit cards and ties the card with the international Visa Payment System network. Indian banks provide classic visa electron debit cards which are Visa card types. Visa has various types of debit cards each with unique features that include Visa Classic Debit Card, Visa Gold Debit Card, Visa Platinum Debit Card, Visa Signature Debit Card, and Visa Infinite Debit Card. We will talk about a few of them in details.

• VISA Opulence Debit Card: The Visa opulence debit card is a Bank of Baroda product marked with prestige and status when you use it for payment. This super-premium Visa Infinite Debit Card (Metal Edition) is one such card that takes pride in its ownership. Apart from regular advantages, complementary games, and sessions at select golf courses, sets this card apart. With a 1-year membership at Club Marriott, when you use this for checking into hotels, you have the option of upgraded rooms, late checkouts, and complementary benefits in the Visa luxury hotel collection. Owners of this card are in a league of their own and can avail of offers from top dress designers in India. It Allows its luxe customer segment the pleasure of premium choices with Club Marriot complimentary membership, and golf courses with sessions in selected golf courses, and access to both domestic and international airport lounges. Complimentary pick and drop options at the airport.
• Visa Signature Debit Card: BoB World Sapphire - a Visa Signature Debit Card is another offering from the bank for its high-net-worth individuals (HNI) customer segment. The card has niched its exclusivity through two variants BoB World Sapphire (Male) and BoB World Sapphire (Female). The card maintains world-class shopping and lifestyle experience for its HNI customers with premium shopping offers in luxury brands. Some added benefits with this card include complimentary airport pickup and drop service, unlimited international airport lounge visits, and unlimited domestic airport lounge access. 1-year complimentary club Marriott membership, complimentary sessions at select golf courses, benefits in health and wellness, complementary dining benefits, and curated experiences at select hotels. Offers from premium Indian dress designers, complimentary benefits in top hotels with room upgradation, and a late checkout facility can also be availed. A visa card with added facilities for customers maintaining a QAB of Rs.10,00,000/- is eligible for attractive discounts on premium brands. Apart from this, the customer has a larger withdrawal limit of up to 3 lakhs. The cardholder can make a daily POS/e-Commerce Transaction of up to Rs. 5 Lakhs.
• Visa Platinum DI Debit Card: This card allows contactless transactions up to Rs. 5,000 and is the Platinum variant of the VISA Debit card. The card allows higher ATM withdrawals of up to Rs. 50,000 per day and Rs. 2,00,000 per day POS/E-com transactions. Facilitating convenience in shopping and dining where VISA Cards worldwide are acceptable this card enables both international and domestic transactions.
• Visa Classic DI Debit Card : Cardholders get a contactless transaction facility of Rs 5000 at POS. The cash withdrawal limit per day is Rs. 25,000, with a shopping limit of Rs. 50,000 per day. The card allows attractive offers upon activation.
• VISA Vyapaar DI Debit Card: A premium debit card allows higher transactions for current account holders. Cash withdrawal from ATMs in this card is up to Rs. 2,00,000 per day. Users can purchase up to Rs. 5,00,000 per day (POS/eCom). The cash deposit limit is Rs. 3,00,000 per day. Withdrawal frequency is up to 20 for both domestic and international transactions. Contactless transactions of up to Rs. 5,000 can be done without a PIN at the POS. The card is valid across all ATMs. Adding convenience to shopping and dining, this card offers immense financial freedom for the card holders.

Mastercard Debit Card

The next most popular international debit card is the Mastercard debit card, known for its reward program benefits and excellent customer support. The SecureCode payment of the company allows users to access their savings and current accounts safely. Also, logging the details of transactions taking place in a month, the card offers an auto ledger helping individuals to track their spending instantly. One of the most widely used is the Mastercard classic DI debit card.

• MasterCard Classic DI Debit Card : Offering a plethora of attractive services, this card allows withdrawal of up to 25,000 per day. Cardholders can purchase up to Rs. 50,000 per day at POS/E-commerce merchants. The card with CVV2 allows secured online transactions. Up to Rs 5,000, contactless transactions can be made, along with several special travel facilities.

RuPay Debit Cards

When we mention the different types of debit cards in India, RuPay debit cards feature at the top of the list. This is an Indian domestic debit card introduced by the National Payments Corporation of India. Facilitating rural India and enabling electronic access to payment, these cards come with added accidental insurance. An alternative to Visa and Mastercard, RuPay classic debit card and RuPay select debit cards have lower processing charges and transaction costs.

• RuPay Platinum DI Debit Card : These contact and contactless debit card come with facilities like free domestic and international lounge access, easy shopping facilities, accidental insurance cover and withdrawal from all VISA ATMs.
• RuPay Select DI Debit Card : This card is ramped up with contactless transactions for up to Rs 5,000. It offers Rs 10 lakhs insurance coverage. A list of complementary services like benefits in domestic and international transactions, international and domestic lounges, free spa sessions, membership in a gym, discounted access to golf sessions, health check-ups, international shopping ease and usage and quick E-commerce transactions. Secured CVD2 PIN for online transactions and access in all NFS and RuPay POS across India makes this card quite beneficial for users.
• RuPay Qsparc NCMC Debit Card: This card supports both contact and contactless transaction of Rs 5000. The card eases transport payment on metros and buses. Makes shopping, ATMs withdrawals and payment at POS effortless. It is a first-of-its-kind debit and prepaid card allowing cash withdrawal of up to Rs. 50,000 per day from ATM with a purchase limit of Rs. 1,00,000 per day (POS).

bob World Yoddha Debit Card

Issued exclusively to defence personnel maintaining Salary / Pension accounts under SB-186, the card allows a maximum withdrawal limit of Rs. 1,50,000/- per day and a POS/Ecom limit of Rs.5,00,000/-. Contactless transactions without a PIN at POS are up to Rs. 5000. Insurance of up to Rs.10 lacs in the case of accident or disability. Members get complimentary domestic lounge access in a quarter and international lounge two free access every year. They are eligible for one free spa session, membership to a gym, and discounted access to gold sessions with one complementary game or lesson in the premium courses once every year. Members can avail of complementary health check-ups.

Contactless Debit Cards

Contactless transaction cards that directly connects with the PoS allowing payment up to Rs. 5,000 without PIN at POS.

Virtual Debit Card

Virtual debit cards are instantly activated safe cards. Saving time and energy, you can pay utility bills, book flights, and rail tickets, and shop online. All transactions are channelled through self-generated mobile banking. Users can easily block and unblock their cards, enabling cashless transactions and making usage easy and convenient. The card is issued to Individual accounts holder / Self-Operated Savings, Current and Overdraft accounts. Virtual cards do not have any issuance fees, but if converted to physical Debit Cards, a fee is levied.

How to Choose the Right Type of Debit Card?

The choice of your debit card depends on various factors. While sometimes you do not have a choice and accept and use the debit cards offered with your account by the bank, premium debit cards need to be selected by customers. How to choose a debit card when selecting premium cards, from your bank? When banks offer you to select a card, you must go through the benefits and features accompanying the card. Each card comes with a fee, regular debit cards have low fees, but premium cards have premium fees, merely for the advantages they offer. So, when you fall into the top niche category, ensure your card lives up to a wide range of offers and facilities at par with the fee attached to the card. Read the terms and conditions thoroughly before taking a decision.

Conclusion

A debit card enables cashless transactions. With enhanced safety, customers enjoy more payment freedom with debit cards. Debit cards are added with benefits and attractive offers and discounts. Some debit cards are like credit cards offering EMI facilities for customers. The top debit card providers with premium offers and elevated safety include the Bank of Baroda. Check with the bank to ensure you receive the best offers on your card.